South America Functional Proteins Market
The South America functional proteins market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The South America region constitutes developed economies such as Brazil and Argentina. The companies are continuously improving the overall business processes to meet the customers' demand for superior quality products and services in the best possible way. Consumers in South America countries are shifting their preferences toward a healthy lifestyle and prefer products that offer health benefits. South America's functional proteins manufacturing companies are also continuously enhancing their product portfolio to meet the customers' demand. Moreover, rising awareness regarding the benefits associated with functional proteins among health-conscious consumers in South America is estimated to fuel the demand for functional proteins. The rising prevalence of cardiovascular disease and high blood pressure among individuals in the South America region is considered one of the leading factors in market expansion.
Strategic insights for the South America Functional Proteins provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,245.88 Million |
| Market Size by 2027 | US$ 2,220.93 Million |
| Global CAGR (2020 - 2027) | 7.6 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Functional Proteins refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The functional proteins market in South America is expected to grow from US$ 1,245.88 Mn in 2019 to US$ 2,220.93 Mn by 2027; it is estimated to grow at a CAGR of 7.6 % from 2020 to 2027. The South America functional proteins market comprises numerous players across the ecosystem with high market fragmentation. The consumption of plant-sourced functional proteins such as soy protein, wheat protein, and pea protein is rising exponentially during the past few years. This is majorly attributed to the increasing vegan population across South America. Attributed to its perceived health benefits, veganism, which was already witnessing a rise attributed to sustainability concerns, has become ever-more popular. It is anticipated that vegan diets reduce blood pressure and cholesterol, type 2 diabetes and reduces the risk of heart disease, and some types of cancer. Pea proteins is a complete protein which consists of all nine essential amino acids. Hence, rising veganism trend is expected to enhance the share of plant-based functional proteins segment. Also, major players in the market are investing heavily for innovations and thereby to satisfy the evolving consumer demands.
In terms of type, the isolates segment accounted for the largest share of the South America functional proteins market in 2019. In terms of source, the animal segment held a larger market share of the South America functional proteins market in 2019. In terms of form, the dry segment held a larger market share of the South America functional proteins market in 2019. Further, the dietary supplements segment held a larger share of the market based on application in 2019.
A few major primary and secondary sources referred to for preparing this report on the South America Functional proteins market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are FrieslandCampina, Abbott Nutrition, Archer Daniels Midland Company, Arla Foods Ingredients Group, Cargill, Incorporated, Glanbia plc, DSM, Fonterra Co-operative Group Limited, Kerry, and Saputo Ingredients.
The South America Functional Proteins Market is valued at US$ 1,245.88 Million in 2019, it is projected to reach US$ 2,220.93 Million by 2027.
As per our report South America Functional Proteins Market, the market size is valued at US$ 1,245.88 Million in 2019, projecting it to reach US$ 2,220.93 Million by 2027. This translates to a CAGR of approximately 7.6 % during the forecast period.
The South America Functional Proteins Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Functional Proteins Market report:
The South America Functional Proteins Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Functional Proteins Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Functional Proteins Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Functional Proteins Market
