Latin America Plant Based Protein Supplements Market Size & Outlook
The plant based protein supplements market in Latin America is expected to reach a projected revenue of US$ 242.8 million by 2030. A compound annual growth rate of 8.4% is expected of Latin America plant based protein supplements market from 2024 to 2030.
Revenue, 2023 (US$M)
$138.1
Forecast, 2030 (US$M)
$242.8
CAGR, 2024 - 2030
8.4%
Report Coverage
Latin America
Latin America plant based protein supplements market, 2017-2030 (US$M)
Related Markets
Latin America plant based protein supplements market highlights
- The Latin America plant based protein supplements market generated a revenue of USD 138.1 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, soy was the largest revenue generating raw material in 2023.
- Pumkin Seed is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 138.1 million |
| Market revenue in 2030 | USD 242.8 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Pumkin Seed |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Spirulina, Pumkin Seed, Wheat, Hemp, Rice, Pea |
| Key market players worldwide | Glanbia PLC, AMCO Proteins, NOW Foods, Nestle SA, MusclePharm Corp, Abbott Laboratories, Transparent Labs, Quest Nutrition, Iovate Health Sciences International, Nutrabolt |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global plant based protein supplements market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 324.8 million by 2030.
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Plant Based Protein Supplements Market Scope
Plant based protein supplements market segmentation & scope
Plant Based Protein Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America plant based protein supplements 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 plant based protein supplements market will help companies and investors design strategic landscapes.
Soy was the largest segment with a revenue share of 26.57% in 2023. Horizon Databook has segmented the Latin America plant based protein supplements market based on soy, spirulina, pumkin seed, wheat, hemp, rice, pea covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Plant Based Protein Supplements Raw Material Outlook (Revenue, USD Million, 2017-2030)
- Soy
- Spirulina
- Pumkin Seed
- Wheat
- Hemp
- Rice
- Pea
- Others
- Latin America Plant Based Protein Supplements Product Outlook (Revenue, USD Million, 2017-2030)
- Protein Powder
- Protein Bars
- RTD
- Others
- Latin America Plant Based Protein Supplements Application Outlook (Revenue, USD Million, 2017-2030)
- Sports Nutrition
- Functional Foods
- Latin America Plant Based Protein Supplements Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Supermarkets
- Online Stores
- DTC
- Others
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Our clientele includes a mix of plant based protein supplements 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 plant based protein supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plant based protein supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America plant based protein supplements market size, by country, 2017-2030 (US$M)
Latin America Plant Based Protein Supplements Market Outlook Share, 2023 & 2030 (US$M)
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