Latin America Protein Ingredients Market Size & Outlook
Latin America protein ingredients market, 2018-2030 (US$M)
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Latin America protein ingredients market highlights
- The Latin America protein ingredients market generated a revenue of USD 2,517.3 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, animal/dairy protein was the largest revenue generating product in 2023.
- Insect Protein is the most lucrative product 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 2023 | USD 2,517.3 million |
| Market revenue in 2030 | USD 3,457.9 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Animal/dairy protein |
| Fastest growing segment | Insect Protein |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plant Protein, Animal/Dairy Protein, Microbe-based Protein, Insect Protein |
| Key market players worldwide | DuPont de Nemours Inc, Archer-Daniels Midland Co, Burcon NutraScience Corp, Tessenderlo Group NV, Kewpie Corp, The Scoular Company, CHS Inc Pref Share, Reckitt Benckiser Group PLC, Suedzucker AG, Bunge Global SA, Cargill, Ingredion Inc, Kerry Group PLC Class A, Givaudan SA, Tate & Lyle PLC, Puris, Koninklijke DSM NV, Glanbia PLC, NutriPea, Nagase & Co Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.0% of the global protein ingredients market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,138.2 million by 2030.
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Protein Ingredients Market Scope
Protein Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America protein ingredients 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 protein ingredients market will help companies and investors design strategic landscapes.
Animal/dairy protein was the largest segment with a revenue share of 73.8% in 2023. Horizon Databook has segmented the Latin America protein ingredients market based on plant protein, animal/dairy protein, microbe-based protein, insect protein covering the revenue growth of each sub-segment from 2018 to 2030.
The shift in consumer preference to healthier food is predicted to be one of the most prominent trends of the Central & South America food & beverages industry supporting the consumption of proteininfused foods.
The government in Chile and Brazil has mandated the labeling regulations to make consumers aware of food & beverage contents. Such initiatives are projected to influence the purchasing behavior of consumers. As a result, rising demand for healthy, high protein, and low-fat foods is likely to positively impact the protein ingredients market in Central & South America over the forecast period.
New protein product launches in the region are further accelerating the penetration of various protein ingredients in various end-use products. In August 2021, Arla Foods Ingredients Group P/S launched its new product, Nutrilac FO-7875, in Argentina. Nutrilac FO-7875 is a whey protein ingredient intended for use in yogurts.
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Our clientele includes a mix of protein ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America protein ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America protein ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America protein ingredients market size, by country, 2018-2030 (US$M)
Latin America Protein Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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