Argentina is among the fastest growing countries in the South America. The Government of the country is highly focused on development of the country’s manufacturing sector which has resulted in growing rate of industrialization. For foreign investors after Brazil, Argentina is one of the most attractive destination to expand their operations in the region. The protein ingredients market in Argentina is growing at a second fastest rate just after Brazil. The awareness about the health advantages of protein consumption in the country has been growing which is one of the major factor in driving the country’s protein industry. Since last few years, rising awareness about the environment preservation and concerns related to the treatment of animals in the factory farming has resulted in growing demand for plant proteins. Argentina contributes around 25% of plant proteins market in South America, the revenue of which is currently estimated at $277.87 million in 2018.
The application of plant proteins across food and dietary supplements industry is highest. Major driver for rising demand of sustainable ingredients containing food and supplement products includes rising trend of veganism and vegetarianism and high demand of highly nutritious and healthy food sources. The meat substitute and dairy alternatives segment provides major opportunity for the application of soy protein, wheat protein and rice protein as a primary ingredient in order to enhance the nutritional value of the products. Other application of plant protein includes bakery, confectionery and snacks.
The application of plant protein across supplement products has mainly arisen due to the demand for cheap sources of protein from the manufacturers. The beverage industry has changed considerably in recent times. The demand for protein rich juices, drinks, flavored water has increased. This provides ample opportunities for the plant protein manufacturers to develop innovative products for beverage industry. The number of emerging protein manufacturers in Argentina is very low as the awareness about the products is very low combined with the less knowledge about the extraction processes. However, in coming years due to growing demand of sustainable protein sources, the market is estimated to grow at a CAGR of 6.0% during 2018 to 2023.
Key Deliverables
The application of plant proteins across food and dietary supplements industry is highest. Major driver for rising demand of sustainable ingredients containing food and supplement products includes rising trend of veganism and vegetarianism and high demand of highly nutritious and healthy food sources. The meat substitute and dairy alternatives segment provides major opportunity for the application of soy protein, wheat protein and rice protein as a primary ingredient in order to enhance the nutritional value of the products. Other application of plant protein includes bakery, confectionery and snacks.
The application of plant protein across supplement products has mainly arisen due to the demand for cheap sources of protein from the manufacturers. The beverage industry has changed considerably in recent times. The demand for protein rich juices, drinks, flavored water has increased. This provides ample opportunities for the plant protein manufacturers to develop innovative products for beverage industry. The number of emerging protein manufacturers in Argentina is very low as the awareness about the products is very low combined with the less knowledge about the extraction processes. However, in coming years due to growing demand of sustainable protein sources, the market is estimated to grow at a CAGR of 6.0% during 2018 to 2023.
Key Deliverables
- Market trends since 2014 and five year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments and countries
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Appendix
Companies Mentioned
- DuPont
- ADM
- Cargill
- Bunge
- Mead Johnson
- CHS
- Scoular
- Roquette Freres Le Romarin
- Burcon NutraScience
- MGP Ingredients
- Axiom Foods
- Tate & Lyle Plc
- Fonterra
- Kerry
- Omega Protein Corporation
- Glanbia PLC
- Beneo-Pa
