The Brazil Sports Nutrition Market size is expected to
reach USD 1.56 billion by 2030, according to a new report by Grand View
Research, Inc. It is expected to expand at a CAGR of 5.8% from 2022 to 2030.
The expanding consumer base for sports nutrition products from athletes and
bodybuilders to active lifestyle users is a major parameter driving the market
in Brazil. Consumers are increasingly adopting a healthy lifestyle to enhance
their quality of life.
Additionally, the COVID-19 pandemic has increased
awareness regarding health and wellness. This, in turn, has increased the
adoption of various supplements including sports nutrition products.
Moreover, rapidly growing instances of obesity are increasing the adoption of a
healthy lifestyle. According to a report COVID-19 and Obesity: The 2021 Atlas,
the prevalence of obesity in men is estimated to reach 25.2% by 2025 in Brazil.
Obesity results in various health complications such as diabetes and
hypertension.
Growing awareness regarding obesity and its
complications and various initiatives undertaken by public and private
authorities to combat obesity are estimated to increase participation in sports
and fitness activities. For instance, the National Food and Nutrition Security
Plan (Plansan) was introduced in Brazil from 2016 to 2019 to control the growth
of obesity in Brazil. Gym-goers and fitness enthusiasts consume sports
nutrition products for various benefits such as delaying fatigue, improving
strength, and reducing the risk of heat cramps. This, in turn, is estimated to
fuel the market growth potential.
Manufacturers operating in the Brazil sports nutrition
space are offering innovative products to their consumers to increase product
adoption and penetration. For instance, Probiótica Laboratories Ltda offers
Carb Up Gum in lemon and cherry flavor. The company also offers Carb Up Wafel,
a carbohydrate-containing waffle in Brazil. Such innovative products are
increasing the adoption of sports nutrition products, especially among active
lifestyle users. Companies are investing significantly in providing innovative
products with new flavors to gain a wider audience for their products.
Additionally, an increasing number of manufacturers
are launching plant-based products to cater to the growing consumer demand.
Plant-based proteins such as soy protein, rice protein, and pea
protein are rapidly gaining traction in the market. Various sports
nutrition products with applications such as immunity enhancement, cognitive
enhancement, endurance improvement, and muscle growth are easily available in
the market through a wide distribution network. Thus, various initiatives by
key stakeholders are estimated to drive the market during the forecast period.
Related Press Release@ Brazil Sports Nutrition Market Report
Brazil Sports Nutrition Market
Report Highlights
- Sports supplements emerged as the leading product type segment
in 2021 with a revenue share of over 40.0%. The growth can be attributed
to the increasing popularity of plant-based protein supplements such as
soy protein, rice protein, and pea protein supplements
- The post-workout application segment accounted for the largest
revenue share in 2021 owing to the high consumption of post-workout
supplements by athletes and gym-goers
- In terms of formulation, powder accounted for the largest revenue
share in 2021. The gummies segment is projected to expand at the fastest
CAGR during the forecast period.
- The adult consumer group segment accounted for the largest revenue
share in 2021 and it is expected to be the fastest-growing segment during
the forecast period
- Based on distribution channel, brick and mortar accounted for the
largest revenue share in 2021. The e-commerce segment is projected to
expand at a significant CAGR during the forecast period
- By end-use, the recovery segment accounted for the largest revenue
share of over 20.0% in 2021. The endurance segment is projected to expand
at the fastest CAGR during the forecast period
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Grand View Research, Inc. is a U.S. based market research
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in San Francisco. The company provides syndicated research reports, customized
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