The South America functional proteins market 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.
Brazil and Argentina are major economies in South America. 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. The continuous developments in the food and beverage industry have had a positive impact on Brazil and Argentina's economy that has advanced to a large extent. Growing expenditure on health and nutrition, rising disposable income, and consumer awareness regarding the health benefits offered by protein rich foods are considered significant factors that fuel the growth of the functional proteins market in South America. The Food Allergy Initiative's statistics state that cow milk allergy is the leading food allergy in both adults and infants in South American countries. This factor is majorly driving the demand for plant-based functional proteins in the South American market. However, functional proteins from animal source is considered as highly nutritious. Athletes and sportspeople are preferring animal based functional proteins which further helps in the segment expansion. Further, the growing focus towards infant nutrition along with increasing demand for animal nutrition is also expected to boost functional protein market in the region. Moreover, the increased purchase-power reached by the middle class in recent years is triggering the market growth in South America. With the new varieties and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America functional proteins market. The South America functional proteins market is expected to grow at a good CAGR during the forecast period.
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South America Functional Proteins Market Segmentation
South America Functional Proteins Market – By Type
- Hydrolysates
- Concentrates
- Isolates
South America Functional Proteins Market – By Source
- Plant
- Animal
South America Functional Proteins Market – By Form
- Dry
- Liquid
South America Functional Proteins Market – By Application
- Functional Food
- Functional Beverages
- Dietary Supplements
- Animal Nutrition
- Others
South America Functional Proteins Market – By Country
- Brazil
- Argentina
- Rest of South America
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Source, Form, Application, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Brazil, Argentina
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Functional Protein Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Expert Opinion
5. Functional Protein Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in the incidences of Chronic Diseases Coupled with Rising Consumers Awareness
5.1.2 Escalating Consumption of Functional Food
5.2 Market Restraints
5.2.1 Regulations pertaining to Animal-Sourced Proteins
5.3 Market Opportunities
5.3.1 Ease in the incorporation of Functional Proteins in Dietary Supplements and Animal Nutrition
5.4 Future Trends
5.4.1 Elevating Consumption of Plant-Sourced Proteins Due to Growing Vegan Population
5.5 Impact Analysis of Drivers and Restraints
6. Functional Protein – South America Market Analysis
6.1 Functional Protein Market Overview
6.2 South America Functional Protein Market –Revenue and Forecast to 2027 (US$ Million)
7. South America Functional Protein Market Analysis – By Type
7.1 Overview
7.2 Functional Protein Market, By Type (2019 and 2027)
7.3 Hydrolysates
7.3.1 Overview
7.3.2 Hydrolysates: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Concentrates
7.4.1 Overview
7.4.2 Concentrates: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
7.5 Isolates
7.5.1 Overview
7.5.2 Isolates: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
8. South America Functional Protein Market Analysis – By Source
8.1 Overview
8.2 Functional Protein Market, By Source (2019 and 2027)
8.3 Plant
8.3.1 Overview
8.3.2 Plant: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Animal
8.4.1 Overview
8.4.2 Animal: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
9. South America Functional Protein Market Analysis – By Form
9.1 Overview
9.2 Functional Protein Market, By Form (2019 and 2027)
9.3 Dry
9.3.1 Overview
9.3.2 Dry: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
9.4 Liquid
9.4.1 Overview
9.4.2 Liquid: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
10. South America Functional Protein Market Analysis – By Application
10.1 Overview
10.2 Functional Protein Market, By Application (2019 and 2027)
10.3 Functional Foods
10.3.1 Overview
10.3.2 Functional Foods: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
10.4 Functional Beverages
10.4.1 Overview
10.4.2 Functional Beverages: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
10.5 Dietary Supplements
10.5.1 Dietary Supplements: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
10.6 Animal Nutrition
10.6.1 Animal Nutrition: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
10.7 Others
10.7.1 Others: Functional Protein Market – Revenue and Forecast to 2027 (US$ Mn)
11. South America Functional Proteins Market – Geographic Analysis
11.1 Overview
11.1.1 South America: Functional Proteins Market, by Key Country
11.1.1.1 Brazil: Functional Proteins Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 Brazil: Functional Proteins Market, by Type
11.1.1.1.2 Brazil: Functional Proteins Market, by Source
11.1.1.1.3 Brazil: Functional Proteins Market, by Form
11.1.1.1.4 Brazil: Functional Proteins Market, by Application
11.1.1.2 Argentina: Functional Proteins Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 Argentina: Functional Proteins Market, by Type
11.1.1.2.2 Argentina: Functional Proteins Market, by Source
11.1.1.2.3 Argentina: Functional Proteins Market, by Form
11.1.1.2.4 Argentina: Functional Proteins Market, by Application
11.1.1.3 Rest of South America: Functional Proteins Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 Rest of South America: Functional Proteins Market, by Type
11.1.1.3.2 Rest of South America: Functional Proteins Market, by Source
11.1.1.3.3 Rest of South America: Functional Proteins Market, by Form
11.1.1.3.4 Rest of South America: Functional Proteins Market, by Application
12. Impact of COVID-19 Pandemic South America Functional Proteins Market
12.1 Overview
12.2 South America: Impact Assessment of COVID-19 Pandemic
13. Company Profiles
13.1 FrieslandCampina
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Abbott Nutrition
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Archer Daniels Midland Company
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Arla Foods Ingredients Group
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 Cargill, Incorporated
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.6 Glanbia plc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 DSM
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Fonterra Co-operative Group Limited
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Kerry
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.10 Saputo Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. South America Functional Protein Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Brazil Functional Proteins Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 3. Brazil Functional Proteins Market, by Source– Revenue and Forecast to 2027 (US$ Mn)
Table 4. Brazil Functional Proteins Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 5. Brazil Functional Proteins Market, by Application– Revenue and Forecast to 2027 (US$ Mn)
Table 6. Argentina Functional Proteins Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 7. Argentina Functional Proteins Market, by Source – Revenue and Forecast to 2027 (US$ Mn)
Table 8. Argentina Functional Proteins Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 9. Argentina Functional Proteins Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 10. Rest of South America Functional Proteins Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 11. Rest of South America Functional Proteins Market, by Source – Revenue and Forecast to 2027 (US$ Mn)
Table 12. Rest of South America Functional Proteins Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 13. Rest of South America Functional Proteins Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Functional Protein Market Segmentation
Figure 2. South America Functional Protein Market Segmentation – By Country
Figure 3. South America Functional Proteins Market Overview
Figure 4. Animal Based Functional Protein Segment Growing at a Higher Rate During the Forecast Period
Figure 5. Brazil Held Largest Share of South America Functional Protein Market
Figure 6. South America Functional Protein Market, Industry Landscape
Figure 7. Functional Protein Market Impact Analysis of Driver and Restraints
Figure 8. South America: Functional Protein Market – Revenue and Forecast to 2027 (US$ Million)
Figure 9. Functional Protein Market Revenue Share, By Type (2019 and 2027)
Figure 10. Hydrolysates: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 11. Concentrates: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 12. Isolates: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 13. Functional Protein Market Revenue Share, By Source (2019 and 2027)
Figure 14. Plant: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 15. Animal: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 16. Functional Protein Market Revenue Share, By Form (2019 and 2027)
Figure 17. Dry: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 18. Liquid: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 19. Functional Protein Market Revenue Share, By Applsication (2019 and 2027)
Figure 20. Functional Foods: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 21. Functional Beverages: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 22. Dietary Supplements: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 23. Animal Nutrition: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 24. Others: Functional Protein Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 25. South America: Functional Proteins Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. Brazil: Functional Proteins Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Argentina: Functional Proteins Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Rest of South America: Functional Proteins Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Impact of COVID-19 Pandemic in South America Country Markets
- FrieslandCampina
- Abbott Nutrition
- Archer Daniels Midland Company
- Arla Foods Ingredients Group
- Cargill, Incorporated
- Glanbia plc
- DSM
- Fonterra Co-operative Group Limited
- Kerry
- Saputo Ingredients
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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