Argentina Soy Protein Market- Size, Trends, Competitive Analysis and Forecasts (2022-2027)

Argnetina Soy Protein Market to be worth $400 million by 2027

Argentina is also among the fastest developing economies in South America, just after Brazil. The country has recorded a significant economic rise due to rapid industrialization, infrastructure development, and a driving revolution in the service and agriculture sector. The country's government is highly committed to expanding its manufacturing sector and increasing its employment rate. The soy protein industry in the country has a current market share of 22% of the South American region. The rising income and rising young population committed to a fit lifestyle are driving the country's demand for soy protein. In terms of market revenue, soy protein holds the value of $272.8 million in 2021, with growing demand across various industry segments. This value is projected to reach $399.5 million by 2027, growing at a CAGR of 6.6% from 2022 to 2027.

The Young and middle-aged population in the country is highly committed to leading a healthy lifestyle. This trend is positively reflected in the country's rising number of gyms and fitness studios. The concern about obesity is increasing rapidly in Argentina, which has resulted in growing physical activities. The influence of health experts to consume protein-based supplement products has also increased. All these factors have resulted in a growing application of soy protein across the supplement industry, the market share of which is recorded at 34%, the highest among all the applications of soy protein.

The food industry in the country has been dynamically changing for last few years. The demand for vegetarian food products, growth of the meat alternatives market, demand for dairy-free products due to the trend of veganism, and severe concern about the meat-based products aids the market revenue of soy protein application across the food industry to grow at a CAGR of 6.7% from 2022 to 2027. In addition, the application of soy protein across the beverage industry is also rising, leading to a growing number of beverage products such as shakes, protein drinks, smoothies, juices, etc. that contain soy protein ingredients.

Key Deliverables

• Market trends since 2018 and five year forecasts of market growth
• Detailed analysis of the micro and macro elements influencing demand trends
• Identifying opportunity spaces across segments
• Supply & demand side trend and analysis
• Price trend analysis, investment prospects, and competition pattern
• Insights on the growth potential of the market
• Detailed analysis of major producers covering financial investments & strategies adopted
• Competitive landscape of the industry