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Latin America Protein Supplement Market Share, Size, Report: By Type: Animal Based, Plant Based; By Form: Powder, Bars, Ready to Drink; By Application: Sport Nutrition, Functional Food; By Distribution Channels; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Latin America Protein Supplement Market Outlook
The market size for the protein supplements in Latin America reached a value of more than USD 1.42 billion in 2021. 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 2027.
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Key Trends in the Market
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.
- Prevalence of chronic diseases such as diabetes, hypertension, and metabolic diseases in Latin America have increased the demand for protein supplements. Particularly in people with low immunity levels such as geriatric and disabled populations.
- Increase in popularity of consumption of nutritional supplements to boost immunity levels, including protein supplements, are bolstering the market growth. Social media is acting as a key trend in the market, encouraging more people to experiment with protein supplements.
- Sports protein supplements widely consumed by athletes, weight trainers, and body builders to enhance stamina, performance, and overall health.
- The availability of protein supplements in various flavours is a key market trend, improving the likability of the product among a wider range of consumers.
Market Analysis
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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.
- Glanbia plc
- Nestlé Health Science
- Abbott Nutrition
- AMCO Proteins
- Nutrition & Biosciences
- Iovate Health Sciences International Inc.
- ADS Laboratorio Nutricional Ltda
- Others
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.
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.
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Competitive Landscape
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Distribution Channels |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Latin America Protein Supplement Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Protein Supplement Historical Market (2018-2023)
8.3 Latin America Protein Supplement Market Forecast (2024-2032)
8.4 Latin America Protein Supplement Market by Type
8.4.1 Animal Based
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.1.4 Breakup by Type
8.4.1.4.1 Casein
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2018-2023)
8.4.1.4.1.3 Forecast Trend (2024-2032)
8.4.1.4.2 Whey Protein
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2018-2023)
8.4.1.4.2.3 Forecast Trend (2024-2032)
8.4.1.4.3 Egg Protein
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2018-2023)
8.4.1.4.3.3 Forecast Trend (2024-2032)
8.4.1.4.4 Fish Protein Supplements
8.4.1.4.4.1 Market Share
8.4.1.4.4.2 Historical Trend (2018-2023)
8.4.1.4.4.3 Forecast Trend (2024-2032)
8.4.1.4.5 Others
8.4.2 Plant Based
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.2.4 Breakup by Type
8.4.2.4.1 Soy Protein
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2018-2023)
8.4.2.4.1.3 Forecast Trend (2024-2032)
8.4.2.4.2 Pea Protein
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2018-2023)
8.4.2.4.2.3 Forecast Trend (2024-2032)
8.4.2.4.3 Pumpkin Seed Protein
8.4.2.4.3.1 Market Share
8.4.2.4.3.2 Historical Trend (2018-2023)
8.4.2.4.3.3 Forecast Trend (2024-2032)
8.5 Latin America Protein Supplement Market by Form
8.5.1 Powder
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Bars
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Ready to Drink
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.6 Latin America Protein Supplement Market by Application
8.6.1 Sport Nutrition
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Functional Food
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Latin America Protein Supplement Market by Distribution Channels
8.7.1 Supermarkets and Hypermarkets
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Pharmacy
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Nutrition Store
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Online
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.8 Latin America Protein Supplement Market by Country
8.8.1 Market Share
8.8.1.1 Brazil
8.8.1.2 Mexico
8.8.1.3 Argentina
8.8.1.4 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Mexico
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Argentina
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profile
12.2.1 Glanbia plc
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Nestlé Health Science
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Abbott Nutrition
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 AMCO Proteins
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Nutrition & Biosciences
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Iovate Health Sciences International Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 ADS Laboratório Nutricional Ltda
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Key Trends and Developments in the Market
List of Figures and Tables
1. Latin America Protein Supplement Market: Key Industry Highlights, 2018 and 2032
2. Latin America Protein Supplement Historical Market: Breakup by Type (USD Million), 2018-2023
3. Latin America Protein Supplement Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Latin America Protein Supplement Historical Market: Breakup by Form (USD Million), 2018-2023
5. Latin America Protein Supplement Market Forecast: Breakup by Form (USD Million), 2024-2032
6. Latin America Protein Supplement Historical Market: Breakup by Application (USD Million), 2018-2023
7. Latin America Protein Supplement Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Latin America Protein Supplement Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
9. Latin America Protein Supplement Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
10. Latin America Oyster Historical Market: Breakup by Country (USD Million), 2018-2023
11. Latin America Oyster Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Protein Supplement Market Structure
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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