South America Alternative Protein Market Size and YoY Growth (2025–2032)

The South America alternative protein market is witnessing consistent expansion as consumer awareness around health, sustainability, and ethical food choices continues to improve. In 2025, the market was recorded at USD 1.60 billion, supported by growing demand for plant-based and fermentation-derived protein products. It is estimated to reach USD 1.73 billion in 2026, reflecting wider retail availability and increasing penetration across urban foodservice channels.
Moving ahead, the South America alternative protein market is projected to reach USD 1.86 billion in 2027 and is expected to grow steadily through the forecast window, reaching USD 2.63 billion by 2032. This growth is being driven by rising investments in alternative protein processing, product innovation in meat and dairy substitutes, and supportive government initiatives promoting sustainable food systems. Expanding vegan and flexitarian consumer bases are also contributing to higher consumption across South American countries.