South America Sports Nutrition Market

The SAM sports nutrition market is expected to grow from US$ 2,153.97 million in 2022 to US$ 3,232.14 million by 2028. It is estimated to grow at a CAGR of 7.0% from 2022 to 2028. 

Rise in Availability of Plant-Based Nutrition Products to Bolster SAM Sports Nutrition Market Growth during 2022–2028 

Manufacturers in the SAM sports nutrition market are ramping up their R&D efforts to come up with plant-based nutrition products. Several plant-based products have been introduced in recent years. For instance, in May 2020, Danone made its Vega One plant-based protein products commercially available, with the Vega One Sport designed for sports enthusiasts. The product contains a mix of proteins derived from different sources, including pumpkin seeds, alfalfa, sunflower, and peas. Similarly, in March 2020, Myprotein, a sports nutrition brand, launched a precise plant-based protein shake. The Clear Vegan Isolate, which comes in powdered form, is available in two flavors: Coconut & Mango and Pear & Ginger. Thus, with the growing trend of consuming sports nutrition products to address mineral and vitamin deficiencies, the launch of plant-based nutrition products to meet the requirements of vegan populations in different countries is expected to boost the sports nutrition market growth in the coming years. 

Market Overview 

The SAM sports nutrition market, by country, is segmented into Brazil, Argentina, and the rest of SAM. Brazil dominated the market in 2022. The sports nutrition market in Brazil has observed significant progress in the last few years due to the growing number of gyms, fitness centers, and sports centers in the region. Brazil has the second-largest number of gyms across the region, followed by Mexico. The development of government regulations and increasing demand for health & wellness propel the market growth. The introduction of new regulations for dietary supplements by the National Sanitary Surveillance Agency (ANVISA) in 2018 allows new brands to enter the market easily. It also helps existing brands grow at a significant rate. Additionally, the traditional local brands are likely to show little deviation from the ongoing market strategy, mainly due to uncertainty about “making new releases in the contentious environment”. In addition, the introduction of plant-based products paved a new way for the players in the sports nutrition market. Integralmédica, one of Brazil's leading companies in the sports nutrition category, has been witnessing growth due to the success of its launches of different brands targeting specific niches within the category. Thus, the factors mentioned above augment the growth of the market. 

SAM Sports Nutrition Market Revenue and Forecast to 2028 (US$ Million) 

South America Sports Nutrition Strategic Insights

Strategic insights for the South America Sports Nutrition provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Sports Nutrition Report Scope

South America Sports Nutrition Regional Insights

The geographic scope of the South America Sports Nutrition refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

SAM Sports Nutrition Market Segmentation 

The SAM sports nutrition market is segmented based on type, formulation, distribution channel, and country. 

Based on type, the SAM sports nutrition market is segmented into sports supplements, sports food, sports drinks, and others. The sports supplements segment held the largest market share in 2022.

The sports supplements segment is further segmented into protein supplements, vitamins, minerals, and others. Similarly, sports food segment is categorized into protein bars, energy bars, and energy gels. Further, sports drinks segment is categorized into hypotonic, isotonic, and hypertonic.

• Based on formulation, the SAM sports nutrition market is segmented into powder, tablets, capsules, and others. The powder segment held the largest market share in 2022.
• Based on distribution channel, the SAM sports nutrition market is segmented into convenience stores, supermarkets and hypermarkets, specialty stores, and others. The convenience stores segment held the largest market share in 2022.
• Based on country, the SAM sports nutrition market has been categorized into Brazil, Argentina, and rest of SAM. Our regional analysis states that Brazil dominated the market in 2022.

Abbott; Clif Bar & Company.; Glanbia Plc; GNC Holdings Inc.; Lovate Health Sciences International Inc.; MusclePharm Corporation; PepsiCo Inc.; The Coca-Cola Company; and Yakult Honsha Co., Ltd. are the leading companies operating in the SAM sports nutrition market.