Latin America Bone And Joint Health Supplements Market Size & Outlook
Latin America bone and joint health supplements market, 2018-2030 (US$M)
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Latin America bone and joint health supplements market highlights
- The Latin America bone and joint health supplements market generated a revenue of USD 236.2 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- Glucosamine is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 236.2 million |
| Market revenue in 2030 | USD 336.9 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Glucosamine |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 6.1% of the global bone and joint health supplements market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,065.0 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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Latin America 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 31.16% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America is experiencing strong growth in the bone and joint supplement market. The population in Latin America is highly focused on enhancing its health. Demographics in this region are gradually changing due to the changing lifestyle, significantly influenced by an increase in the number of job opportunities in the region.
The continuously growing geriatric population in Latin America is expected to boost the demand for vitamins, minerals, and supplements in the coming years. Consumers are more focused on disease prevention than on treatment. The direct sales channel continues to lead the market, as it is a highly preferred platform for purchase of supplements in Latin America.
There are discrepancies in the existing regulations for approval of nutrition and dietary supplements. There are country-specific regulations in this region. Although existing regulations are unclear for commercialization, further changes in regulatory framework are expected to enhance the legitimacy of nutrition and dietary supplements.
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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 continent-level data and insights on the Latin America bone and joint health supplements market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bone joint health supplements market report size, by country, 2018-2030 (US$M)
Latin America Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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