The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Latin America Whey Protein Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Latin America Whey Protein Industry (2024-2030):
According to the latest report, The Latin America Whey Protein Market size is estimated to grow at a CAGR of around 8.8% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Latin America Whey Protein industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR (2024-30): 8.8%
What are the major Driver the Latin America Whey Protein industry?
Rising Fitness Trends Increasing Health Consciousness – People in Latin America have started incorporating protein supplements into their diets to achieve fitness goals and overall health and well-being. This has caused increased demand for whey proteins in the region and has accelerated the overall Latin America Whey Protein Market. The market growth is further supported by the extensive presence of gyms and fitness centers across the region, where gym trainers often recommend people incorporate protein products into their diet alongside regular workouts to enhance performance. Consequently, the demand for whey protein products has increased across various Latin American countries, such as Mexico, Brazil, etc., and has accelerated the growth development of the Whey Protein Industry in Latin America.
Also, the increased smartphone penetration has led more individuals in Latin American countries who are willing to stay healthy to access digital health and wellness apps that provide them with calorie tracking and advice on nutrition and fitness. These apps often design nutrition plans for individuals, which also involve giving suggestions to include protein in their diet for optimal health and longevity. As a result, the consumption of whey protein products has surged in the region and has propelled the overall Latin America Whey Protein Market.
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Latin America Whey Protein Market Segmentation
The Latin America Whey Protein Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product Type
- Whey Protein Concentrate (WPC)- Market Size Forecast 2019-2030, USD Million
- Whey Protein Isolate (WPI)- Market Size Forecast 2019-2030, USD Million
- Whey Protein Hydrolysate (WPH)- Market Size Forecast 2019-2030, USD Million
- By Application
- Sports Nutrition- Market Size Forecast 2019-2030, USD Million
- Food Beverages- Market Size Forecast 2019-2030, USD Million
- Dietary Supplements- Market Size Forecast 2019-2030, USD Million
- Animal Feed- Market Size Forecast 2019-2030, USD Million
- By Sales Channel
- Online Stores- Market Size Forecast 2019-2030, USD Million
- Supermarkets/Hypermarkets- Market Size Forecast 2019-2030, USD Million
- Pharmacies- Market Size Forecast 2019-2030, USD Million
- Specialty Stores- Market Size Forecast 2019-2030, USD Million
- By Country
- Mexico
- Brazil
- Argentina
- Columbia
- Chile
- Rest of Latin America
As per the regional aspect, the Latin America Whey Protein Market is expected to be dominated by Latin America by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/latin-america-whey-protein-market.html
Top Companies in the Latin America Whey Protein Market
Arla Foods Ingredients Group P/S, Glanbia PLC, Carbery Group, LACTALIS Ingredients, Agropur Cooperative, BellRing Brands, Inc. (Dymatize Enterprises, LLC), FrieslandCampina, Max Titanium, Integralmedica, 3VS Nutrition, and others
Latin America Whey Protein Industry Recent Development:
2023: Arla Foods Ingredients announced that the company is boosting its production capacity of whey permeate powder in Argentina to meet the rising demand across Latin America.
2023: 3VS Nutrition launched a cost-effective whey protein powder in Brazil.
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