The size of the Latin America Soy Protein Ingredients market was valued at USD 642.08 million in 2024, and the market size is estimated to reach USD 1,307.25 million by 2033 from USD 694.86 million in 2025, growing at a CAGR of 8.22% from 2025 to 2033.
Soy protein is obtained from soybeans after the extraction of oil. Soy Protein is used for the fortification of many food products and as an alternative to dairy protein. It is extensively used as a meat extender and as a quality substitute for meat. This legume is one of the few plant proteins that contains all eight essential amino acids. High functional properties of the soy protein ingredient coupled with eco-friendly and natural health benefits are driving the demand of soy protein during the forecast period. Moreover, it is more cost-effective than animal protein and reflects the same protein content. This is expected to enhance the adoption of soy protein across various end-use industries resulting in increasing the shelf life of processed food, so it is also considered as the most sustainable protein ingredient. This in turn boosts the market. However, the allergic nature of soy protein ingredients is restraining its growth during the forecast period. Moreover, the negative impact of genetically modified (GM) soy coupled with the availability of various alternatives such as milk proteins, pea proteins, and other animal proteins are also affecting the growth of soy protein ingredients in the forecast period.
REPORT METRIC |
DETAILS |
Market Size Available |
2024 to 2033 |
Base Year |
2024 |
Forecast Period |
2025 to 2033 |
CAGR |
8.22% |
Segments Covered |
By Type, Application, and Region |
Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
Regions Covered |
Brazil, Argentina, Mexico, and Rest of Latin America |
Market Leaders Profiled |
Archer Daniels Midland (ADM) Company, Dean Foods Company, Armor Proteins, Gelita Group, Bunge Alimentos SA, Kerry Ingredients Inc, Burcon NutraScience, Cargill Health & Food Technologies, E. I. du Pont de Nemours and Company, Kellogg Company, Doves Farm Foods, Kraft Foods Group Inc., Manildra Group, MGP Ingredients, Omega Protein Corporation, George Weston Foods, and others |
This research report on the Latin America Soy Protein Ingredients market has been segmented and sub-segmented into the following categories.
Moreover, in Latin America, Brazil is expected to be the major contributor in terms of revenue followed by Mexico.
The major key players in this market are Archer Daniels Midland (ADM) Company, Dean Foods Company, Armor Proteins, Gelita Group, Bunge Alimentos SA, Kerry Ingredients Inc, Burcon NutraScience, Cargill Health & Food Technologies, E. I. du Pont de Nemours and Company, Kellogg Company, Doves Farm Foods, Kraft Foods Group Inc., Manildra Group, MGP Ingredients, Omega Protein Corporation, George Weston Foods, and others.
Frequently Asked Questions
The Latin America Soy Protein Ingredients market is expected to reach USD 1,307.25 million by 2033
Growth is driven by increasing demand for plant-based diets, rising awareness of health benefits, and expanding applications in food, beverages, and dietary supplements.
Challenges include high production costs, competition from other plant-based proteins like pea and rice proteins, and concerns about genetically modified soybeans.
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