Brazil Bone And Joint Health Supplements Market Size & Outlook
Brazil bone and joint health supplements market, 2018-2030 (US$M)
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Brazil bone and joint health supplements market highlights
- The Brazil bone and joint health supplements market generated a revenue of USD 90.2 million in 2023 and is expected to reach USD 122.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- Omega-3 is the most lucrative product segment registering the fastest growth during the forecast period.
Bone and joint health supplements market data book summary
| Market revenue in 2023 | USD 90.2 million |
| Market revenue in 2030 | USD 122.1 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Omega-3 |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Minerals, Collagen, Omega-3, Glucosamine |
| Key market players worldwide | Herbalife Ltd, GNC, The Bountiful Company, Amway Malaysia Holdings, Basf SE, Bayer AG, Glanbia PLC, NOW Foods |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.3% of the global bone and joint health supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bone and joint health supplements market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 21.8 million by 2030.
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Bone And Joint Health Supplements Market Scope
Bone And Joint Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil bone and joint health supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bone and joint health supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 31.15% in 2023. Horizon Databook has segmented the Brazil bone and joint health supplements market based on vitamins, minerals, collagen, omega-3, glucosamine covering the revenue growth of each sub-segment from 2018 to 2030.
The growing middle-class population, along with increasing disposable income, and improving lifestyle are major factors contributing to growth of the dietary supplements market. The country is rich in natural ingredients, including guaraná or yerba mate, which offer significant investment opportunities for players in the bone and joint health supplements market.
Availability of supplements in Brazil is further boosted by the presence of well-educated population that is willing to spend on dietary supplements. Moreover, growing efforts by government and increasing number of obesity-related awareness campaigns have prompted women to opt for weight management supplements.
In February 2019, Brazil's National Health Surveillance Agency (ANVISA) released updated guidelines on its 2018 dietary supplement regulations to help industry better understand and implement the framework. These regulations pertaining to dietary supplements in Brazil were considered a major breakthrough, which would make people’s life easier, given the level of potential in such a large market.
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Our clientele includes a mix of bone and joint health supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil bone and joint health supplements market, including forecasts for subscribers. This country databook contains high-level insights into Brazil bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil bone joint health supplements market report size, by product, 2018-2030 (US$M)
Brazil Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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