Latin America Plant-Based Meat Market Outlook, 2026
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According to the research report “Latin America Plant Based Meat Market Outlook,
2026" published by Bonafide Research, the plant based meatmarket 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.
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.
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 20