Brazil is among the fastest growing economies in the South America region. The country has recorded considerable economic boost in last decade due to rapid expansion of infrastructure development and rising global trade with the major countries in the world. The protein industry in the country is growing at a fastest rate in the region, the demand of which is mainly coming from the food and dietary supplements segments. Rising awareness about the health and advantages of plant proteins consumption has resulted in growing demand of plant protein market in Brazil. The country shares around 55% of South American plant protein industry.
The trend of vegetarian and vegan food consumption is growing in Brazil. Along with this, the concern related to health is also growing as the obese population has increased in last 5 to 8 years. Rapid rate of urbanization and growing awareness about the environmental preservation are also among the major drivers of plant protein consumption in the country. The plant protein market in Brazil is forecasted to grow at a CAGR of 7.2% during 2018 to 2023, to attain the value of $1,278.90 million by 2023. The application of plant protein especially soy and pea protein across food industry and dietary supplements industry captures highest market share. The demand of protein rich bakery items, snacks and confectionery is growing which provides lucrative opportunity to the plant protein manufacturers.
The market value of meat substitute products is growing since last few years. Similarly, rising population affected by lactose intolerance and gluten sensitiveness also resulted in growing market of dairy alterative products. Both of these segments provide considerable opportunity for plant protein isolates. The dietary supplements industry is among the fastest growing sector in the country. Increase in consumption of protein rich supplement products among the sports community, athletes and body builders has paved way for plant protein market. Brazil being one of the largest economies in the region makes it one of the most attractive destination for the foreign companies to enter into the South American plant protein market. Hence, major players in the western countries are seeking to invest heavily in the country to capture most of the plant protein market share by developing innovative and customized product for the South American consumers.
Key Deliverables
The trend of vegetarian and vegan food consumption is growing in Brazil. Along with this, the concern related to health is also growing as the obese population has increased in last 5 to 8 years. Rapid rate of urbanization and growing awareness about the environmental preservation are also among the major drivers of plant protein consumption in the country. The plant protein market in Brazil is forecasted to grow at a CAGR of 7.2% during 2018 to 2023, to attain the value of $1,278.90 million by 2023. The application of plant protein especially soy and pea protein across food industry and dietary supplements industry captures highest market share. The demand of protein rich bakery items, snacks and confectionery is growing which provides lucrative opportunity to the plant protein manufacturers.
The market value of meat substitute products is growing since last few years. Similarly, rising population affected by lactose intolerance and gluten sensitiveness also resulted in growing market of dairy alterative products. Both of these segments provide considerable opportunity for plant protein isolates. The dietary supplements industry is among the fastest growing sector in the country. Increase in consumption of protein rich supplement products among the sports community, athletes and body builders has paved way for plant protein market. Brazil being one of the largest economies in the region makes it one of the most attractive destination for the foreign companies to enter into the South American plant protein market. Hence, major players in the western countries are seeking to invest heavily in the country to capture most of the plant protein market share by developing innovative and customized product for the South American consumers.
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
