Market by Type, Source, Distributors, and Country | Forecast 2021-2028
A study by Triton Market Research has concluded that the plant-based food and beverage market in Latin America is likely to progress with a CAGR of 8.28% during the forecast years between 2021 and 2028.
Report scope can be customized per your requirements. Request For Customization
The countries studied in this market include:
• Brazil
• Mexico
• Rest of Latin America countries
An average of 8% of the population in Latin America and the Caribbean is vegetarian. At a country-specific level, Mexico accounts for the largest population of vegetarians and vegans, with a staggering 20% of the total population of 130 million people. The country is by far the most interesting market in the Latin American plant-based foods and drinks industry.
And it is not just vegetarians and vegans driving the market in this region. In fact, most consumers of plant-based foods and drinks consider themselves flexitarians, and their population is generally higher than those identifying as vegetarian or vegan, at both the regional as well as global level.
Further, in Latin America and the Caribbean, approximately 71 million people fall in the age group of 60 years and above, representing 11.2% of the population. Older adults tend to have lactose intolerance, as they are not able to digest the substance. Therefore, vegan diets are highly recommended for them. The large geriatric population is a key growth factor for the growth of the plant-based food and beverage market.
Conagra Brands is an FMCG company offering packaged food. It operates through four main segments: Refrigerated & Frozen, Grocery & Snacks, Foodservice, and International segments. It has a wide range of plant-based meat substitutes products in its portfolio. Conagra sells its products under the Marie Callender's, Birds Eye, Healthy Choice, Banquet, Reddi-wip, Slim Jim, Angie's BOOMCHICKAPOP, Vlasic, Earth Balance, Duke's, Gardein, Chef Boyardee, Alexia, and Frontera brands. The company operates in Mexico, among other regions.
Market By Category, Applicatio ..
VIEW REPORT
Market By Category, Applicatio ..
VIEW REPORT
Market by RTD Type | Forecast ..
VIEW REPORT
Market by Product Type | Forec ..
VIEW REPORT
Market by Product, Application ..
VIEW REPORT
Market By Product Type, Specie ..
VIEW REPORT
Market By Demographics, Produc ..
VIEW REPORT
Market by Type, Sales Channel, ..
VIEW REPORT1. LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET – SUMMARY  Â
2. INDUSTRY OUTLOOKÂ Â
2.1. IMPACT OF COVID-19 ON THE PLANT-BASED FOOD AND BEVERAGE INDUSTRY
2.2. KEY INSIGHTSÂ Â Â Â Â Â
2.2.1.  AWARENESS ABOUT ANIMAL HEALTH AND SAFETY      Â
2.2.2.  MANUFACTURING PLANT EXPANSIONS     Â
2.2.3.  CONCERNS ABOUT HEALTH AND CHANGING LIFESTYLES      Â
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1.  THREAT OF NEW ENTRANTS  Â
2.3.2.  THREAT OF SUBSTITUTE          Â
2.3.3.  BARGAINING POWER OF BUYERS    Â
2.3.4.  BARGAINING POWER OF SUPPLIERS
2.3.5.  THREAT OF COMPETITIVE RIVALRY Â
2.4. MARKET ATTRACTIVENESS INDEXÂ Â
2.5. VENDOR SCORECARDÂ
2.6. KEY MARKET STRATEGIESÂ Â Â Â Â
2.6.1.  PRODUCT LAUNCHES   Â
2.6.2.  CONTRACT & PARTNERSHIPS
2.7. MARKET DRIVERSÂ Â Â Â Â Â Â Â Â
2.7.1.  SHIFT TOWARDS VEGANISM   Â
2.7.2.  RISING LACTOSE INTOLERANCE       Â
2.7.3.  ADVANTAGES OF PLANT-BASED DIET         Â
2.8. MARKET CHALLENGES
2.8.1.  HIGH COST OF PLANT-BASED PRODUCTSÂ
2.8.2.  LIMITED AWARENESS   Â
2.8.3.  DISPARITY IN PERCEPTION OF DAIRY AND PLANT-BASED FOOD AND BEVERAGESÂ
2.9. MARKET OPPORTUNITIESÂ Â Â Â Â Â Â
2.9.1.  AVAILABILITY OF SUSTAINABLE PRODUCTS AND RECYCLABLE PACKAGING  Â
2.9.2.  REVOLUTIONARY MANUFACTURING PROCEDURES      Â
2.9.3.  INTRODUCTION OF BRAND NEW PRODUCTS       Â
3. LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY TYPE    Â
3.1. DAIRYÂ Â Â Â Â Â Â Â Â
3.2. MEATÂ Â Â Â Â Â Â Â Â Â
3.3. OTHER TYPESÂ Â Â Â Â
4. LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY SOURCE    Â
4.1. SOYÂ
4.2. WHEATÂ Â Â Â Â Â Â
4.3. ALMONDÂ Â Â Â
4.4. CORNÂ Â Â Â Â Â Â Â Â
4.5. OTHER SOURCESÂ Â Â Â Â Â Â Â Â Â
5. LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY DISTRIBUTORS
5.1. SUPERMARKETS/HYPERMARKETSÂ
5.2. CONVENIENCE STORESÂ Â Â Â Â Â Â Â Â Â
5.3. SPECIALTY STORESÂ Â Â Â Â Â
5.4. ONLINE RETAILÂ Â Â
5.5. OTHER DISTRIBUTORSÂ
6. LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET – REGIONAL OUTLOOK    Â
6.1. BRAZIL
6.2. MEXICO
6.3. REST OF LATIN AMERICAÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7. COMPETITIVE LANDSCAPEÂ
7.1. AMY’S KITCHEN             Â
7.2. BEYOND MEAT INCÂ Â Â Â Â Â Â Â
7.3. BLUE DIAMOND GROWERSÂ Â Â Â Â
7.4. CALIFIA FARMSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.5. CONAGRA BRANDSÂ Â Â Â Â Â Â
7.6. DAIYA FOODS INCÂ Â Â Â Â Â Â Â Â Â
7.7. DANONE SA
7.8. FIELD ROAST GRAIN MEAT CO INC
7.9. IMPOSSIBLE FOODS INCÂ Â Â Â Â Â Â Â Â Â
7.10. KIKKOMAN CORPORATIONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.11. MORNINGSTAR FARMSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.12. MOVING MOUNTAINSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â
7.13. PACIFIC FOODS OF OREGONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.14. QUORN FOODSÂ
7.15. SUNFEDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â
7.16. SWEET EARTH INCÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.17. THE HAIN CELESTIAL GROUP INCÂ Â
7.18. YOFIX PROBIOTICS
8. RESEARCH METHODOLOGY & SCOPEÂ Â Â Â Â
8.1. RESEARCH SCOPE & DELIVERABLESÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
8.2. SOURCES OF DATAÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
8.3. RESEARCH METHODOLOGYÂ Â
TABLE 1: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: VEGANISM AROUND THE WORLD
TABLE 4: POPULATION PERCENTAGE OF LACTOSE-INTOLERANT PEOPLE ACROSS THE WORLD
TABLE 5: ANNUAL CONSUMPTION OF COW MILK WORLDWIDE BY COUNTRY
TABLE 6: NEW PRODUCT LAUNCHES OF PLANT-BASED PRODUCTS
TABLE 7: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2021-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2021-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 3: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DAIRY, 2021-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY MEAT, 2021-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER TYPES, 2021-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2020 & 2028 (IN %)
FIGURE 7: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOY, 2021-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY WHEAT, 2021-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY ALMOND, 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY CORN, 2021-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER SOURCES, 2021-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2020 & 2028 (IN %)
FIGURE 13: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2021-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY CONVENIENCE STORES, 2021-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SPECIALTY STORES, 2021-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY ONLINE RETAIL, 2021-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER DISTRIBUTORS, 2021-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 19: BRAZIL PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: MEXICO PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: REST OF LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)