Latin America Plant Based Protein Supplements Market Size & Outlook
Latin America plant based protein supplements market, 2017-2030 (US$M)
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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 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
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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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