Latin America Plant Protein Market Business and Investment Opportunities | Market Size and Forecast Across 50+ Segments (2021-2027) | Market Size by Ingredients & Product Categories

Plant protein market in Latin America is growing rapidly with protein products launching at big retailers, e-commerce sites, natural food stores, and even corner shops. This growth is primarily backed by the rising health consciousness and animal rights. Environmental issues, ethical, and social reasons are other factors that are also supporting the market growth.

COVID-19 is further accelerating the demand for plant protein. Especially, in Brazil, consumer demand for meat products is declining due to concerns over the link between meat consumption and the ongoing COVID-19. However, consumers changing preference towards plant-based protein is helping the plant-based meat sector to record a surge in demand.

In terms of meat consumption, Brazil is the second-largest country in the world. With changing attitudes in the country, people are becoming more concerned about their health. This has resulted in the rising demand for alternative meats in the recent years. Moreover, given the widespread deforestation in the Amazon rainforest, mainly due to cattle ranching - an increasing number of people are shifting towards plant-based protein-rich alternatives in the country.

Another factor that is creating the demand for plant-based protein products is the availability of a wide range of flavors and ingredients. To meet the increasing demand, established companies and startups in Brazil are focusing on product development using new ingredients. For instance,
Superbom - a vegan food brand in Brazil launched a plant-based fish steak made of pea protein in the local supermarkets.

With the rising consumer interest in plant-based food products, investment activities are also increasing in Latin America. Food-tech Company, NotCo, rose an $85 million series C funding led by Future Positive and L Catterton, in September 2020. Since its launch in 2015, the company has developed several plant based products, including NotBurger, NotIceCream, NotMilk, and NotMayo in Brazil, Argentina, and Chile, using a proprietary AI technology.

Similarly, in 2020, 100 Foods raised BRL 1 million, out of which BRL 700,000 were raised in April 2020. The company is looking to expand its product offerings and increase its spending on marketing efforts. Although the company expected to increase its sales by 300%, the post-coronavirus forecasted increase in sales for the company stands in-between 200% to 250% by 2021.

Distribution is one of the key to achieving top-line growth in any business and it becomes more important when it comes to the food and beverage industry. Plant-based food companies in Brazil are still in the process of streamlining their distribution strategy. Most of these companies have partnered with retail stores and foodservice channels.
However, with the recent coronavirus outbreak and restaurants being shut down, e-commerce is the most preferred distribution channel for these businesses. Direct-to-consumers are also seen as a viable solution for driving business growth in times of the global pandemic.

Big food processing companies are coming together to expand their market share in the region. Sourcing raw material from other countries and manufacturing the products in Brazil is helping companies to reduce costs and streamline their operations. For instance, under the partnership of ADM and Marfrig - ADM will be responsible for supplying the raw material from Brazil, while Marfrig will be responsible for producing, distributing, and selling plant-based food in Brazil.

This report from ConsumerIntel360 is a bundled offering, combining 5 detailed country databooks: Argentina, Brazil, Chile, Colombia, Mexico.

This business intelligence report aims to analyze market opportunities and risks in plant protein industry in Latin America. This report offers a detailed view of market opportunity by end user segments, product categories, ingredients, applications, key cities, competing protein segments, price point, and shift in consumption by consumer demographics.

• Plant Protein Consumption by Ingredients: Provides a detailed view of opportunities across key plant protein ingredients (Soy, Pea, Beans & Lentils, Hemp, Flaxseed, Pumpkin & Other Seeds, Brown Rice, Quinoa, Spirulina & Seaweed, and Nuts).

• Plant Protein Consumption by Functional Product Type: Plant protein consumption breakdown by 4 segments – Ready to Eat, Ready to Drink, Ready to Mix, and Ready to Cook.

• Plant Protein Consumption by Product Categories: Detailed market size and forecast by eight product categories – Nutrition Supplements, Protein Bars, Sports Nutrition, Meal Alternative, Dairy Alternatives, Meat Alternatives, Bakery Products, and Infant Formulas.

• Plant Protein Sales by Channel: Sales breakdown by online vs. offline channels.

• Plant Protein Sales by Retail Outlet: Sales breakdown by retail outlets grouped by four categories – Diversified Stores, Pharmaceutical & Wellness Stores, Healthcare and Fitness Centers, and Specialist Sports Stores.

• Changing Consumer Preferences: Quantified details on changing consumer preferences along with forecast.

• Plant Protein Consumption by Price Points: Plant protein demand analysis by price points – Premium, Mid-Tier, and Low End.

• Plant Protein Consumption by Cities: Plant protein demand analysis by key cities grouped under three segments – Tier 1, Tier 2, and Tier 3.

• Plant Protein Consumption by Consumer Demographics: Plant protein demand / consumption analysis by age, gender, and income levels..

Scope
This bundled offering provides the following detailed plant protein market opportunity at country level. This research report provides in-depth analysis of plant protein industry opportunity, providing market size across 50+ segments. Below is the taxonomy, providing detailed scope of coverage.

Plant Protein Market Size by Ingredients
• Soy
• Pea
• Beans & Lentils
• Hemp
• Flaxseed, Pumpkin & Other
• Brown Rice
• Quinoa
• Spirulina & Seaweed
• Nuts
• Other

Plant Protein Market Size by Product Categories
• Nutrition Supplements
• Protein Bars
• Sports Nutrition
• Meal Alternative
• Dairy Alternatives
• Meat Alternatives
• Bakery Products
• Infant Formulas
• Other

Plant Protein Market Size by Functional Segments
• Ready to Mix
• Ready to Eat
• Ready to Drink
• Ready to Cook

Plant Protein Market Share Analysis by Sales Channels
• Online
• In-Store

Plant Protein Market Share Analysis by Type of Retail Outlet
• Pharmaceutical & Medical Store
• Grocery Retailers
• Health and Wellness Stores
• Specialist Sports Store

Plant Protein Market Size by Retail Sales Pricing
• Premium
• Mid-Tier
• Low End

Plant Protein Market Size by Cities
• Tier 1 Cities
• Tier 2 Cities
• Tier 3 Cities

Plant Protein Consumption by Demographics
• Age
• Gender
• Income

To get detailed insights and FREE sample Report please click here @ https://www.consumerintel360.com/reportstore/view/Latin-America-Plant-Protein-Business-96

Reasons to Purchase
• Market Opportunity: Get detailed understanding of plant protein market opportunity across 50+ segments by product categories, ingredients, distribution channels, functional type, price point, and consumer demographics.

• Product Category Analysis: Establish which product categories are expected to outperform and are more attractive from investment point of view.

• Ingredients Analysis: Understand which emerging ingredients are taking away market share.

• Consumer Preference & Buying Behaviour: Gain insights into changing consumer consumption & buying preferences across plant protein product categories.

• Distribution Channel: Fine tune sales and distribution strategy by focusing on right channels.

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This release was published on openPR.