Latin America Protein Supplements Market Size & Outlook
Latin America protein supplements market, 2018-2030 (US$M)
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Latin America protein supplements market highlights
- The Latin America protein supplements market generated a revenue of USD 329.1 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, animal based was the largest revenue generating source in 2023.
- Plant Based is the most lucrative source 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 329.1 million |
| Market revenue in 2030 | USD 561.8 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Animal based |
| Fastest growing segment | Plant Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Animal Based, Plant Based |
| Key market players worldwide | Glanbia PLC, MusclePharm Corp, Abbott Laboratories, PepsiCo Inc, NOW Foods, Transparent Labs, RSP Nutrition, Symrise AG, Quest Nutrition, Iovate Health Sciences International, AMCO Proteins, Nutrabolt, Dymatize Enterprises, BPI Sports, BRF SA ADR, Rousselot, Gelita AG, Hoogwegt |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global 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 769.0 million by 2030.
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Protein Supplements Market Scope
Protein Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 protein supplements market will help companies and investors design strategic landscapes.
Animal based was the largest segment with a revenue share of 58.04% in 2023. Horizon Databook has segmented the Latin America protein supplements market based on animal based, plant based covering the revenue growth of each sub-segment from 2018 to 2030.
The market for protein supplements is expected to show considerable growth in Central and South America over the forecast period. The growing awareness of the benefits of protein supplements, coupled with the increasing number of health clubs and fitness centers in countries such as Brazil and Argentina, has boosted product demand among athletes, bodybuilders, and fitness enthusiasts.
Growing urbanization and increasingly busy lifestyles have increased demand for convenient and easyto-use nutrition products, such as protein supplements. With more people living in cities and having less time to prepare healthy meals, protein supplements provide a quick and convenient way of meeting nutritional needs.
In addition, the rise of e-commerce platforms has made it easier for consumers to access protein supplements, regardless of their location. The abundant presence of major market players and the easy availability of raw materials (soybean) will further favor regional market growth.
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Our clientele includes a mix of 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 protein supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America protein supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America protein supplements market size, by country, 2018-2030 (US$M)
Latin America Protein Supplements Market Outlook Share, 2023 & 2030 (US$M)
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