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since 2009
Tuesday, May 26, 2026

Brazil Business

Brazil Meat Giant MBRF Bets on Collagen as Diet Drugs Boom

By · May 26, 2026 · 3 min read

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BRAZIL · ECONOMY

Key Facts

The plan: MBRF, a major Brazilian meatpacker, is investing 500 million reais (about US$88 million) in collagen and gelatin.

The driver: Demand is rising as weight-loss drugs prompt users to eat more protein to preserve muscle.

The asset: The money expands its Gelprime plant in Parana, aiming to triple capacity to 30,000 tonnes a year.

The margins: Collagen and gelatin offer far higher margins than traditional meat, the company’s draw.

Latin American impact: A Brazilian food giant moving up the value chain into higher-margin health products.

Brazil Meat Giant MBRF Bets on Collagen as Diet Drugs Boom. (Photo Internet reproduction)

MBRF, one of Brazil’s largest meat companies, is investing 500 million reais in collagen and gelatin, betting that the global boom in weight-loss drugs will keep driving demand for high-protein products.

What MBRF is investing in

The company, formed by the merger of meat giants Marfrig and BRF, is putting 500 million reais, about US$88 million, into collagen and gelatin. The plan combines its earlier purchase of the producer Gelprime with a major expansion of its plant.

MBRF took control of Gelprime, in the southern state of Parana, in a deal completed late last year. It now plans to more than triple the plant’s capacity over five years, to around 30,000 tonnes a year.

The company says that would make the site one of the world’s largest to produce collagen and gelatin in a single complex. It can feed the plant with raw materials from its own meat operations.

Why the weight-loss boom helps

The bet is tied to the surge in weight-loss and diabetes drugs such as those based on semaglutide. As people use them, they are often advised to eat more protein to avoid losing muscle, lifting demand for products like collagen.

That adds to a longer-running shift toward higher-protein diets. For a meatpacker, the appeal is partly in the margins: industry estimates put profitability in these products well above that of traditional meat.

Rivals are moving in the same direction, with other large meat groups expanding their own collagen operations. The competition will test whether demand keeps pace with the new capacity coming online.

Live Company IntelligenceMarfrig Global Foods SA — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
Rio Times · Live Ticker Intelligence
Marfrig Global Foods SA
MBRF3 · B3 São PauloConsumer DefensivePackaged Foods
Share price · live
R$15.96
▼ -1.72% today
Market cap
R$22.8 bn (US$4.5 bn)
1.4 bn shares
P / E
49.2
EPS 0.33
Dividend yield
16.9%
R$2.81 / share
The company
Employees
130,000
Headquarters
São Paulo
Listed since
Website

MBRF Global Foods Company S.A., through its subsidiaries, operates in the food industry in Brazil and internationally. It operates through Beef North America, Beef South America, and BRF segments. The company produces, processes, distributes, and sells animal-based proteins, such as beef, pork, lamb, fish, and poultry;…

Financial performance · FY · BRL
RevenueNet income
2023
R$132.2 bn
−R$1.5 bn
2024
R$148.9 bn
R$2.8 bn
2025
R$164.0 bn
R$358.2 mn

Net income rose to R$358.2 mn in 2025, from R$-1.5 bn in 2023.

Valuation & returns
EBITDA margin
6.7%
Net margin
0.2%
Return on equity
1.8%
Price / book
2.04
Enterprise value
R$73.5 bn (US$14.6 bn)
Revenue growth · YoY
-0.1%
Latest earnings
Q1 2026 — reported EPS 0.15 vs -0.01 expected
Beat +1,596%
Peers & comparators
JBS
▼ -3.67%
MBRFY
▼ -3.59%
BEEF
▼ -4.01%
Data: EODHD Fundamentals & live feed · The Rio Times Ticker Intelligence

Frequently Asked Questions

What is MBRF investing in?

It is putting 500 million reais, about US$88 million, into collagen and gelatin, expanding its Gelprime plant in Parana to roughly triple capacity to about 30,000 tonnes a year over five years.

Why collagen now?

Demand is rising as weight-loss and diabetes drugs lead users to eat more protein to preserve muscle, on top of a broader high-protein diet trend. The products also carry higher margins than traditional meat.

Who is MBRF?

It is one of Brazil’s largest food companies, formed by the merger of the meat groups Marfrig and BRF, the owner of brands such as Sadia and Perdigao.

Connected Coverage

The same boom drove a regulatory milestone, covered in our report on Brazil’s first local Ozempic rival. For more on the country’s exports, see our coverage of Brazil’s trade surplus.

Read More from The Rio Times

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