Latin America B2b Sports Nutrition Market Size & Outlook
Latin America b2b sports nutrition market, 2016-2028 (US$M)
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Latin America b2b sports nutrition market highlights
- The Latin America b2b sports nutrition market generated a revenue of USD 103.3 million in 2021.
- The market is expected to grow at a CAGR of 8.9% from 2022 to 2028.
- In terms of segment, gyms was the largest revenue generating distribution channel in 2021.
- Fitness studios is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 103.3 million |
| Market revenue in 2028 | USD 187.7 million |
| Growth rate | 8.9% (CAGR from 2021 to 2028) |
| Largest segment | Gyms |
| Fastest growing segment | Fitness studios |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gyms, Fitness studios, Sports academies |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, PepsiCo Inc, MusclePharm Corp, Post Holdings Inc, Herbalife Ltd, GNC, The Bountiful Company, Clif Bar, Science in Sport, Iovate Health Sciences International |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.3% of the global b2b sports nutrition market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Europe is the fastest growing regional market and is projected to reach USD 1,125.3 million by 2028.
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B2B Sports Nutrition Market Scope
B2B Sports Nutrition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America b2b sports nutrition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to b2b sports nutrition market will help companies and investors design strategic landscapes.
Gyms was the largest segment with a revenue share of 73.86% in 2021. Horizon Databook has segmented the Latin America b2b sports nutrition market based on gyms, fitness studios, sports academies covering the revenue growth of each sub-segment from 2016 to 2028.
Growing consumer focus on health & fitness and increasing willingness to spend on B2B sports nutrition products are some of the factors anticipated to drive the demand for B2B sports nutrition market in this region.
Increasing prevalence of obesity in this region is also one of the factors expected to lead to an increase in the demand for B2B sports nutrition supplements, owing to their health benefits. According to the Panorama of Food and Nutrition Security in Latin America and the Caribbean, in 2017, nearly 360 million (58%) people in this region were obese
The highest percentages were observed in the Bahamas, Mexico, and Chile. Growing disposable income in this region is also boosting the demand for sports supplements. In addition, companies in this region are researching newer flavors to cater to the demands of consumers, thus increasing product penetration.
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Our clientele includes a mix of b2b sports nutrition market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America b2b sports nutrition market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America b2b sports nutrition market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America b2b sports nutrition market size, by country, 2016-2028 (US$M)
Latin America B2B Sports Nutrition Market Outlook Share, 2021 & 2028 (US$M)
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