Market Size of South America Sports Nutrition Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Sports Nutrition Market Analysis
The South American sports nutrition market is projected to register a CAGR of 5.7% during the forecast period (2020-2025).
Athletes and bodybuilders are the prime consumers of sports nutrition products. However, the market is benefited from the increase in the number of recreational and lifestyle users. Changes in lifestyle and an increase in disposable income are the driving the growth of the market studied. Moreover, rising awareness regarding the benefits of protein-based sports nutrition products and an active lifestyle augmented the growth of the sports nutrition industry.
Additionally, the incorporation of natural and plant-based ingredients, along with the introduction of vegan alternatives in the product range, increased their acceptability among the masses. Furthermore, social media significantly influenced the industry. The increase in the number of social media influencers and the prominent impact celebrities have on day-to-day lives, especially in case of millennials, is expected to drive the market's growth.
