Latin America Plant Based Meat Market Size & Outlook

The plant based meat market in Latin America is expected to reach a projected revenue of US$ 2,465.9 million by 2030. A compound annual growth rate of 19.5% is expected of Latin America plant based meat market from 2024 to 2030.
Revenue, 2023 (US$M)
$706.9
Forecast, 2030 (US$M)
$2,465.9
CAGR, 2024 - 2030
19.5%
Report Coverage
Latin America

Latin America plant based meat market highlights

  • The Latin America plant based meat market generated a revenue of USD 706.9 million in 2023.
  • The market is expected to grow at a CAGR of 19.5% from 2024 to 2030.
  • In terms of segment, soy was the largest revenue generating source in 2023.
  • Pea is the most lucrative source segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.

Latin America data book summary

Market revenue in 2023USD 706.9 million
Market revenue in 2030USD 2,465.9 million
Growth rate19.5% (CAGR from 2023 to 2030)
Largest segmentSoy
Fastest growing segmentPea
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoy, Pea, Wheat
Key market players worldwideBeyond Meat Inc, Maple Leaf Foods Inc, Unilever PLC, WK Kellogg Co, The Kraft Heinz Co, The Hain Celestial Group Inc

Other key industry trends

  • In terms of revenue, Latin America region accounted for 9.9% of the global plant based meat market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 7,834.4 million by 2030.

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Plant Based Meat Market Companies

Name Profile # Employees HQ Website

Latin America plant based meat market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plant based meat market will help companies and investors design strategic landscapes.


Soy was the largest segment with a revenue share of 42.16% in 2023. Horizon Databook has segmented the Latin America plant based meat market based on soy, pea, wheat covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Plant Based Meat Source Outlook (Revenue, USD Million, 2018-2030)
    • Soy
    • Pea
    • Wheat
    • Others
  • Latin America Plant Based Meat Product Outlook (Revenue, USD Million, 2018-2030)
    • Burgers
    • Sausages
    • Patties
    • Nuggets, Tenders & Cutlets
    • Grounds
    • Others
  • Latin America Plant Based Meat Type Outlook (Revenue, USD Million, 2018-2030)
    • Chicken
    • Pork
    • Beef
    • Fish
    • Others
  • Latin America Plant Based Meat End-user Outlook (Revenue, USD Million, 2018-2030)
    • Retail
    • HORECA (Hotel/Restaurant/Café)
  • Latin America Plant Based Meat Storage Outlook (Revenue, USD Million, 2018-2030)
    • Refrigerated Plant-based Meat
    • Frozen Plant-based Meat
    • Shelf-stable Plant-based Meat

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Target buyers of Latin America plant based meat market databook

  • Our clientele includes a mix of plant based meat market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America plant based meat market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plant based meat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America plant based meat market size, by country, 2018-2030 (US$M)

Latin America Plant Based Meat Market Outlook Share, 2023 & 2030 (US$M)

Latin America plant based meat market size, by country, 2018-2030 (US$M)

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