Latin America Plant-Based Meat Market Outlook, 2026

A recent study by Ingredion shows that about 90% of the Latin American consumers are demanding more and more alternative meats, and it is driven by growing awareness of health and sustainability. The plant-based movement in Latin America could gain wider traction if native and sacred super foods, like Peruvian kiwicha and maca, are adopted and highlighted on pack. They could follow in the footsteps of products such as Deluyum.com Fig and Maca Boost Bites, which are vegan bites with figs and maca powder, a natural energizer or Sanua Cream of Spinach and Tarwi Soup, which contains tarwi, a high-protein seed.

According to the research report 'Latin America Plant Based Meat Market Outlook, 2026', the plant based meat products market is growing rapidly. Plant based meat products are healthier as compared to traditional meats. They are low in cholesterol and high in proteins and fibre. The growing health awareness, cruelty towards animals and environment has led to changing habit of consumers to shift from animal meat and products to plant based meat products.

More localized formats and flavours can help consumers envision plant-based meats as everyday foods. Although four in five Brazilians agree it is important to consume more plant-based food and drink to stay healthy, only less than three in 10 do so in their daily routine, according to recent research on healthy eating trends in Brazil. This is because current alternatives are not meeting consumers’ value expectations and are hard to imagine in the context of a daily diet.

Latin America plant based meat product market is anticipated to grow with the CAGR of more than 14% by the forecasted period of 2026. Brazil is the major revenue generating region of Latin America. A key part of what makes vegan food so stimulating is the growing community of social media influencers advocating the lifestyle as part of their brand.

The process of creating such realistic meaty products from plants might baffle some, one thing consumers can be certain about is that they are not made in the torturous way that its animal-based analogs are. Plant-based foods not only help consumer’s health, but also support the health of planet.

Plant based foods require fewer resources like land and water, rather than animal based foods. Close to 20% of the planet’s fresh water is used in the production of meat and dairy, and animal agriculture is a major driver of climate change, contributing around 14.5% of global greenhouse gas emissions. Animal farming is also not required each year. Meat and dairy specifically accounts for around 14.5% of global greenhouse gas emissions, according to the UN’s Food and Agricultural Organization (FAO).

During the COVID-19 pandemic, the food industry witnessed significant shifts, but, plant-based companies adapted and continued to launch new products and grow sales. Foodservice channel distribution was significantly impaired, and pantry stocking and panic buying led to a sharp increase in retail sales over the prior year. The COVID-19 pandemic, lockdowns, has encouraged consumers to order goods online and this, in turn, has boosted the online sales channels.

Major Companies present in the market

Amy's kitchen, Beyond meat, Conagra (Pinnacle Foods), Impossible food, Kellogg (Morning star farms), Kraft Heinz Company (Boca Burger), Maple leaf, Nestle (Garden Gourmet), Quorn, Tyson (Raised and Rooted), Unilever (The Vegetarian Butcher)

Considered in this report

• Geography: Latin America
• Base year: 2020
• Estimated year: 2021
• Forecast year: 2026

Aspects covered in this report

• Latin America plant based meat products market with its value and forecast along with its segments
• Country-wise plant based meat products market analysis
• Various drivers and challenges
• On-going trends and developments
• Five force models
• Top profiled companies
• Strategic recommendation

Countries covered in the report

• Brazil
• Argentina
• Columbia
• Rest of Latin America

Types of meat products in the report

• Burger Pattie
• Sausages
• Strips & Nuggets
• Meatballs
• Others

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to chocolate industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

This report would help you answer the following questions:

• What is the market size and forecast of the Latin America Plant Based Meat Products Market?
• What are the inhibiting factors and impact of COVID-19 shaping the Latin America Plant Based Meat Products Market during the forecast period?
• Which country outstands in the Latin America Plant Based Meat Products Market?
• Which are the segments to invest in over the forecast period in the Latin America Plant Based Meat Products Market?
• What is the competitive strategic window for opportunities in the Latin America Plant Based Meat Products Market?
• What are the technology trends and regulatory frameworks in the Latin America Plant Based Meat Products Market?
• What are the drivers for the growth of plant-based meat market?