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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Protein Supplement Market Share by Type
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.
Latin America Protein Supplement Market Share by Country
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.
Latin America Protein Supplement Market Report Snapshots
Latin America Protein Supplement Market Size
Latin America Protein Supplement Market Share
Latin America Protein Supplement Market Analysis
Latin America Protein Supplement Companies
*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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Key Questions Answered in the Report
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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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124