Latin America Wheat Protein Market Size & Outlook
Latin America wheat protein market, 2017-2030 (US$M)
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Latin America wheat protein market highlights
- The Latin America wheat protein market generated a revenue of USD 220.9 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, wheat gluten was the largest revenue generating product in 2023.
- Wheat protein hydrolysates is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 220.9 million |
| Market revenue in 2030 | USD 317.8 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Wheat gluten |
| Fastest growing segment | Wheat protein hydrolysates |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wheat gluten, Wheat protein isolates, Textured wheat proteins, Wheat protein hydrolysates |
| Key market players worldwide | Archer-Daniels Midland Co, MGP Ingredients Inc, Cargill, Suedzucker AG, Agridient, Manildra Group, Crespel & Deiters Group, Roquette America |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.3% of the global wheat protein market in 2023.
- Globally, Europe 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 3,937.9 million by 2030.
Key Regions: Brazil , U.S. , Argentina , Canada , Mexico
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Wheat Protein Market Scope
Wheat Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America wheat protein 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 wheat protein market will help companies and investors design strategic landscapes.
Wheat gluten was the largest segment with a revenue share of 56.54% in 2023. Horizon Databook has segmented the Latin America wheat protein market based on wheat gluten, wheat protein isolates, textured wheat proteins, wheat protein hydrolysates covering the revenue growth of each sub-segment from 2017 to 2030.
Growing personal care industry in Latin America on account of increasing expenditure on beauty and cosmetic products is expected to force FMCG companies to increase their production capacity. Thus, increasing production of personal care products in Latin America is anticipated to motivate the growth of hydrolyzed wheat protein market over the next few years.
Shift in consumer preference to healthier food is predicted to be one of the most prominent trends of the South & Central America food & beverages industry. Government in Chile and Brazil has mandated the labeling regulations to make consumers aware about food & beverage contents.
Such initiatives are projected to influence purchasing behavior of consumers. As a result, rising demand for healthy, low calorie, and low fat foods is likely to positively impact the wheat protein market in Latin America over the forecast period.
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Target buyers of Latin America wheat protein market databook
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Our clientele includes a mix of wheat protein market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America wheat protein market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America wheat protein market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America wheat protein market size, by country, 2017-2030 (US$M)
Latin America Wheat Protein Market Outlook Share, 2023 & 2030 (US$M)
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