Brazil Sports Nutrition Market Size & Outlook, 2023-2030
Brazil sports nutrition market, 2018-2030 (US$M)
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Brazil sports nutrition market highlights
- The Brazil sports nutrition market generated a revenue of USD 3,167.4 million in 2023 and is expected to reach USD 6,208.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, sports supplements 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 3,167.4 million |
| Market revenue in 2030 | USD 6,208.4 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Sports supplements |
| 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, Brazil accounted for 7.0% 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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Brazil 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 supplements was the largest segment with a revenue share of 54.99% in 2023. Horizon Databook has segmented the Brazil 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.
Consumer willingness to spend on nutrition products is one of the factors positively impacting market growth in Brazil. In addition, sports nutrition products containing botanical ingredients, including guarana, acai, and beetroot, are popular among Brazilian consumers.
Under new regulatory legislation, sports nutrition companies in Brazil are able to launch new products that focus on convenience and ease of use for consumers. Instead of manufacturing a product with larger number of ingredients, majority of companies are focusing on products that contain fewer ingredients in single dose, such as a mix of different amino acids or caffeine-added BCAA.
A new framework for sports supplements is being drafted in Brazil, which is likely to boost demand in the sports nutrition market. However, the COVID-19 pandemic coupled with challenging economic scenario in Brazil has impacted sales in recent times.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil sports nutrition market , including forecasts for subscribers. This country databook contains high-level insights into Brazil sports nutrition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil sports nutrition market size, by product, 2018-2030 (US$M)
Brazil Sports Nutrition Market Outlook Share, 2023 & 2030 (US$M)
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