South America Functional Proteins Market is expected to reach US$ 2,220.93 Mn by 2027

Animal Segment to Dominate South America Functional Proteins Market during 2019–2027

According to The Insight Partners market research study on “South America Functional Proteins Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by type, source, form, application and country,” is expected to reach US$ 2,220.93 Mn by 2027 from US$ 1,245.88 Mn in 2019. The market is estimated to grow at a CAGR of 7.6% from 2020 to 2027. The report provides trends prevailing in the South America functional proteins market along with the drivers and restraints pertaining to the market growth. Upsurge in the incidences of chronic diseases coupled with rising consumer’s awareness and escalating consumption of functional food are the major factors driving the growth of the South America functional proteins market. However, regulations pertaining to animal-sourced proteins may hinder the growth of South America functional proteins market.

The market for South America functional proteins is segmented into type, source, form, application, and country. Based on type, the market is segmented into hydrolysates, concentrates and isolates. In 2019, the isolates segment held the largest share in South America functional proteins market. Based on source, the South America functional proteins is divided into plant and animal. Plant segment is expected to be the fastest growing segment over the forecast period. On the basis of form the market is segmented into dry and liquid. The dry segment contributed a substantial share in the 2019. Furthermore, in this present scenario of COVID 19 pandemic, the South America functional proteins market has been facing difficulties and several countries have suffered heavily. Brazil, Colombia, Argentina and Peru are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain.

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 are among the leading companies in the South America functional proteins market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the South America functional proteins market as follows:

• Hydrolysates
• Concentrates
• Isolates

• Plant
• Animal

• Dry
• Liquid

• Functional Food
• Functional Beverages
• Dietary Supplements
• Animal Nutrition
• Others

• Brazil
• Argentina
• Rest of South America