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The market size for the protein supplements in Latin America reached a value of more than USD 1.42 billion in 2023. The Latin America protein supplement market is expected to grow at a CAGR of 7.80% between 2024 and 2032, reaching a value of USD 2.25 billion by 2032.
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Protein supplements are macronutrients that provide proteins in concentrated form. Commonly available in powder and liquid form, consumption of protein supplements can help in building muscle, synthesise hormones and enzymes, repair tissue, and aid in weight loss and toning of muscles. Protein supplements in the form of shakes are absorbed easily by the body and contains more fibre, increasing their popularity in the Latin America protein supplement market.
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Based on type, the Latin America protein supplement market can be bifurcated into animal based and plant based. Animal based protein supplements are further sub-divided into casein, whey protein, egg protein, and fish protein supplements, among others. Plant based is subcategorised into soy protein, pea protein, and pumpkin seed protein.
On the basis of form, the market is divided into powder, bars, and ready to drink. By application, the market is segmented into sport nutrition and functional food. Based on distribution channel, the market is categorised into supermarkets and hypermarkets, pharmacy, nutrition store, and online. On the basis of country, the market is segmented into Brazil, Mexico, and Argentina, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America protein supplement market covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Animal proteins are considered complete proteins, comprising of all the vital amino acids. As animal based protein supplements contain more nutrients than plant based proteins, they are healthier, and hold a significant share in the Latin America protein-based market. Plant based protein supplements, in comparison, are suited for people prone to digestive issues, as they are less harsh on the stomach. The demand for plant based protein supplements is also higher in vegetarian and vegan populations.
Brazil has a leading share among other countries in Latin America protein supplement market. It has been taking steps to increase the demand and market share overall, encouraging awareness of the benefits of protein supplements for healthy living.
In the overall Latin America region, growing awareness regarding health is driving more people to consume nutritional supplements to meet dietary requirements. Improved standard of living in Argentina is subjected to register a substantial growth in market for protein supplements in the Latin America region in the forecast period.
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Glanbia Plc is an Irish nutrition company. It was established in 1997 and is headquartered in Kilkenny, Ireland. They provide the world with nutrition products such as cheese, vitamins, sports nutrition, minerals, dairy and non-dairy products in order to help people globally live a healthier, more active, and happier life.
Abbott Nutrition founded in 1888 is headquartered in Illinois, Unite States. It is an American medical device and healthcare company that manufactures and supplies nutrition products, diagnostics, branded generic pharmaceuticals, and medical device to create a world with healthy people.
AMCO Proteins was founded in 1956 and has its headquarter in New Jersey, United States. It is a dairy product and plant protein manufacturing company that provides their customers with hydrolysed proteins, custom protein blends, and prototype development.
Other market players include Nestlé Health Science, Nutrition & Biosciences, Iovate Health Sciences International Inc., and ADS Laboratorio Nutricional Ltda, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Latin America Protein Supplement Market Size
Latin America Protein Supplement Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market size for protein supplements in Latin America reached a value of more than USD 1.42 billion in 2021.
The market is expected to grow at a CAGR of 7.80% between 2024 and 2032.
The major market drivers are improved standard of living, rise in income, and increased accessibility of protein supplements.
The market size for protein supplements in Latin America is expected to reach a value of more than USD 2.25 billion in 2027.
The key trends of the market are prevalence of chronic diseases, sports enthusiasts, and growing awareness of the health benefits of protein supplements.
Key market players in the market include Glanbia plc, Nestlé Health Science, Abbott Nutrition, AMCO Proteins, Nutrition & Biosciences, Iovate Health Sciences International Inc., and ADS Laboratorio Nutricional Ltda, among others.
Protein supplements are macronutrients with a concentrated volume of proteins, available in forms such as powder or liquid.
Protein supplements help in building muscle, synthesising hormones and enzymes, repairing tissue, supplementing weight loss, and in toning of muscles.
The Latin America protein supplement market is segmented based on type, form, application, distribution channel, and country.
Protein supplements in the form of shakes provide proteins in liquid form that are absorbed easily by the body.
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