South America Plant Protein Market | Industry Growth & Analysis (2022–27)

 

Market Overview

South America Plant Protein Market is anticipated to register a CAGR of 7.34%, during the forecast period (2020–2025).

  • The South American countries are witnessing growing urbanization and changing lifestyles due to globalization. Consumers are ready to pay for health and wellness products, which is driving the growth of proteins and other supplements.
  • Furthermore, the increased purchase power reached by the middle class in recent years is triggering the plant protein market growth in South America. Moreover, allergies and intolerance related to animal protein have increased among both humans and pets, and thus, the demand for plant protein ingredients in the market is witnessing a rise.

Scope of the Report

South America Plant Protein Market by type, form, application, and geography. On the basis of type, the market is segmented into wheat protein, soy protein, pea protein, and others. On the basis of form, the market is segmented into protein isolate, protein concentrate, and textured protein. On the basis of application, the market is segmented into bakeries, meat extenders and substitutes, nutritional supplements, beverages, snacks, and others. Also, the study provides an analysis of the plant protein ingredients in the emerging and established markets across the region, including Brazil, Argentina, and the rest of South America. Read Full Article

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