Argentina Sports Nutrition Market Size & Outlook
Argentina sports nutrition market, 2018-2030 (US$M)
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Argentina sports nutrition market highlights
- The Argentina sports nutrition market generated a revenue of USD 781.6 million in 2023 and is expected to reach USD 1,329.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, sports foods was the largest revenue generating product in 2023.
- Sports Foods is the most lucrative product segment registering the fastest growth during the forecast period.
Sports nutrition market data book summary
| Market revenue in 2023 | USD 781.6 million |
| Market revenue in 2030 | USD 1,329.8 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Sports foods |
| Fastest growing segment | Sports Foods |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Supplements, Sports Drinks, Sports Foods, Meal Replacement Products, Weight Loss Product |
| Key market players worldwide | Iovate Health Sciences International, Abbott Laboratories, Quest Nutrition, PepsiCo Inc, Mondelez International Inc Class A, The Coca-Cola Company, MusclePharm Corp, The Bountiful Company, Post Holdings Inc, Nestle SA |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.7% of the global sports nutrition market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sports nutrition market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 6,208.4 million by 2030.
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Sports Nutrition Market Scope
Sports Nutrition Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 sports nutrition market will help companies and investors design strategic landscapes.
Sports foods was the largest segment with a revenue share of 56.44% in 2023. Horizon Databook has segmented the Argentina sports nutrition market based on sports supplements, sports drinks, sports foods, meal replacement products, weight loss product covering the revenue growth of each sub-segment from 2018 to 2030.
The COVID-19 pandemic has led to remarkable decline in the number of memberships owing to the closing of gyms and other health centers due to strict lockdown. This, in turn, has resulted in consumer shift from stimulants & vasodilators (preworkouts) to supplements that provide stressrelief & general wellness.
The regulatory framework for sports supplements in Argentina is simpler when compared to some of its neighboring countries. The National Administration of Drugs, Foods and Medical Devices (ANMAT) is responsible for protecting quality of sports and dietary supplements in the country.
Between protein powders and sports supplements, protein bars are expected to register higher demand through various sales channels, including hypermarkets and supermarkets. This can be attributed to increasing partnerships between current players in the country, such as Arcor and Laboratorios Bagó.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina sports nutrition market , including forecasts for subscribers. This country databook contains high-level insights into Argentina sports nutrition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina sports nutrition market size, by product, 2018-2030 (US$M)
Argentina Sports Nutrition Market Outlook Share, 2023 & 2030 (US$M)
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