Latin American Protein Supplement Market Report and Forecast 2022-2027

According to the report curated, the Latin America protein supplement market attained a value of USD 1424.2 million in 2021. Aided by the rising prevalence of chronic diseases, the market is projected to further grow at a CAGR of 7.8% between 2022 and 2027 to reach a value of USD 2551 million by 2027.

Latin America Protein Supplement Market Segmentations

Protein is an essential nutrient known as the building block for the muscles in our body. It is a critical part of our body as it is involved in the processes that provide energy and carry oxygen through blood around the body.

Protein supplements are nutritional dietary supplements that are generally consumed to meet the daily protein requirements, build muscle, and maintain weight. Protein supplements are usually available in powder, bars, and ready-to-drink forms, which can either be animal-based or plant-based.

Latin America has had a high rate of obesity and the rates have been rising significantly in the recent years, owing to the rapidly growing trend of processed and packaged food products, which are low in cost. This has led to increased consumption of sugar, sodium, and fats.

Food and nutrition organizations in several countries have increased their efforts to counter this unhealthy development. They have increased their effort to develop strategies to promote healthy eating and an active lifestyle.

The Latin American protein supplement market is expected to experience exponential growth due to rising health awareness. This development is more evident amongst the Gen Z and Millennials, as they increasingly adopt a healthier lifestyle and eating habits, supported by the rising spending power.

Market Segmentation

The market can be divided on the basis of type, form, application, distribution channels, and country.

Market Breakup by Type

• Animal Based
• Casein
• Whey Protein
• Egg Protein
• Fish Protein Supplements
• Others
• Plant Based
• Soy Protein
• Pea Protein
• Pumpkin Seed Protein

Market Breakup by Form

• Powder
• Bars
• Ready to Drink

Market Breakup by Application

• Sport Nutrition
• Functional Food

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Pharmacy
• Nutrition Store
• Online

Market Breakup by Region

• Brazil
• Mexico
• Argentina
• Others

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the protein supplement companies. Some of the major key players explored in the report are as follows:

• Glanbia plc
• Nestlé Health Science
• Abbott Nutrition
• AMCO Proteins
• Nutrition & Biosciences
• Iovate Health Sciences International Inc.
• ADS Laboratório Nutricional Ltda
• Others