South America Plant-based Meat Products Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis – by Type (Patties, Nuggets, Meatballs, Sausages, and Others), Category (Frozen, Refrigerated, and Ambient), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)


No. of Pages: 101    |    Report Code: BMIRE00025603    |    Category: Food and Beverages

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South America Plant-based Meat Products Market
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The SAM plant-based meat products market is expected to grow from US$ 103.83 million in 2021 to US$ 249.87 million by 2028; it is estimated to grow at a CAGR of 13.4% from 2021 to 2028

 

Plant-based meat manufacturers are making significant investments in product innovation to attract many consumers. They offer organic, gluten-free, non-GMO, and allergen-free products that address various consumer requirements. Moreover, some players are also using plant proteins other than soy and pea protein to differentiate their products from their competitors’. The company realized that jackfruit is an underutilized resource and manufactured its products using jackfruit as the main raw material. Such factors offer a competitive edge to the company over its competitors. Leading plant-based meat manufacturers are collaborating and partnering with other players to launch innovative products in the market. For instance, in January 2021, PepsiCo and Beyond Meat formed a joint venture under The PLANeT Partnership, LLC to develop and market innovative products using plant proteins. Companies launched meatless jerky as the first product under the joint venture. Such developments are also expected to boost the plant-based meat products market during the forecast period.

  

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM plant-based meat products market in the coming years. The market is expected to grow at a good CAGR during the forecast period.

 

 SAM Plant-based Meat Products Market Revenue and Forecast to 2028 (US$ Million)      

 

 

SAM Plant-based Meat Products Market Segmentation  

 

The SAM plant-based meat products Market is segmented based on by type, category, distribution channel, and country. Based on type, the SAM plant-based meat products Market is divided into patties, nuggets, meatballs, sausages, and others. The patties dominated the SAM plant-based meat products Market in 2020. Based on category, the SAM plant-based meat products Market is categorized into frozen, refrigerated, and ambient. The frozen segment dominated the SAM plant-based meat products Market in 2020. Based on distribution channel, the SAM plant-based meat products Market is categorized into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment dominated the SAM plant-based meat products Market in 2020. Based on country, the SAM plant-based meat products Market is segmented into Brazil, Argentina, and Rest of SAM. The Brazil segment dominated the SAM plant-based meat products Market in 2020.  

 

Kellogg’s Company, Tofurky, VBites Foods Ltd, Quorn, and Impossible Foods Inc. by Altair are among the leading companies in the SAM plant-based meat products market.


South America Plant-based Meat Products Strategic Insights

Strategic insights for the South America Plant-based Meat Products 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.

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South America Plant-based Meat Products Report Scope

Report Attribute Details
Market size in 2021 US$ 103.83 Million
Market Size by 2028 US$ 249.87 Million
Global CAGR (2021 - 2028) 13.4%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Patties
  • Nuggets
  • Meatballs
  • Sausages
By Category
  • Frozen
  • Refrigerated
  • Ambient
By Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
Regions and Countries Covered South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • Kellogg’s Company
  • Tofurky
  • VBites Foods Ltd
  • Quorn
  • Impossible Foods Inc.
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    South America Plant-based Meat Products Regional Insights

    The geographic scope of the South America Plant-based Meat Products 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.

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    The List of Companies - South America Plant-based Meat Products Market

    1. Kellogg’s Company
    2. Tofurky
    3. VBites Foods Ltd
    4. Quorn
    5. Impossible Foods Inc.
    Frequently Asked Questions
    How big is the South America Plant-based Meat Products Market?

    The South America Plant-based Meat Products Market is valued at US$ 103.83 Million in 2021, it is projected to reach US$ 249.87 Million by 2028.

    What is the CAGR for South America Plant-based Meat Products Market by (2021 - 2028)?

    As per our report South America Plant-based Meat Products Market, the market size is valued at US$ 103.83 Million in 2021, projecting it to reach US$ 249.87 Million by 2028. This translates to a CAGR of approximately 13.4% during the forecast period.

    What segments are covered in this report?

    The South America Plant-based Meat Products Market report typically cover these key segments-

    • Type (Patties, Nuggets, Meatballs, Sausages)
    • Category (Frozen, Refrigerated, Ambient)
    • Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail)

    What is the historic period, base year, and forecast period taken for South America Plant-based Meat Products Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Plant-based Meat Products Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in South America Plant-based Meat Products Market?

    The South America Plant-based Meat Products Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Kellogg’s Company
  • Tofurky
  • VBites Foods Ltd
  • Quorn
  • Impossible Foods Inc.
  • Who should buy this report?

    The South America Plant-based Meat Products Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the South America Plant-based Meat Products Market value chain can benefit from the information contained in a comprehensive market report.