LATAM Alternative Protein Market Size & Outlook, 2025-2033

LATAM Alternative Protein Market Insights

As highlighted in Deep Market Insights analysis, the LATAM Alternative Protein Market, valued at USD 2173.41 Million in 2024, is estimated to achieve USD 5551.22 Million by 2033.
The market is estimated to grow at a CAGR of 11.04% spanning 2026 to 2033.
By market size, Plant Based Protein led the Protein Source category in 2024.
The Protein Source segment led by Cell Based Protein is estimated to post the fastest growth, sustaining its position as the most lucrative during the forecast timeframe.

The global Alternative Protein Market size saw LATAM holding a share of 5.89% in 2024.
United States is forecasted to account for the leading share of the global market by 2033.
In LATAM, Colombia is forecasted to be the fastest-expanding market, projected to reach USD 447.01 Million by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 2173.41 Million
Market Size In 2033	USD 5551.22 Million
Largest segment	Plant Based Protein
Units	Revenue in USD Million
CAGR	11.04% (2025-2033)
Segmnetation Covered
LATAM	Brazil Mexico Argentina Colombia Chile
Protein Source	Plant Based Protein Fermentation Derived Protein Cell Based Protein
Application Area	Meat Alternatives Dairy Alternatives Ingredient Use
Product Form	Ready To Eat Powdered Ingredients Liquid Concentrates
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Brazil	XX.x	XX.x	XX.x	826.33	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Colombia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Chile	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Protein Source	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Plant Based Protein	XX.x	XX.x	XX.x	1106.92	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Fermentation Derived Protein	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Cell Based Protein	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Application Area	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Meat Alternatives	XX.x	XX.x	XX.x	999.55	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Dairy Alternatives	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Ingredient Use	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Product Form	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Ready To Eat	XX.x	XX.x	XX.x	1129.74	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Powdered Ingredients	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Liquid Concentrates	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x