Latin America Brain Health Functional Food And Beverage Market Size & Outlook
Latin America brain health functional food and beverage market, 2017-2030 (US$M)
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Latin America brain health functional food and beverage market highlights
- The Latin America brain health functional food and beverage market generated a revenue of USD 728.0 million in 2022.
- The market is expected to grow at a CAGR of 8.6% from 2023 to 2030.
- In terms of segment, vitamins & minerals was the largest revenue generating product in 2022.
- Choline is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 728.0 million |
| Market revenue in 2030 | USD 1,411.9 million |
| Growth rate | 8.6% (CAGR from 2022 to 2030) |
| Largest segment | Vitamins & minerals |
| Fastest growing segment | Choline |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anthocyanins, Choline, Resveratrol, Ashwagandha, Ginkgo Biloba, Omega 3, Vitamins & Minerals, L-theanine, Curcumin |
| Key market players worldwide | WK Kellogg Co, Rage Coffee, Brain Bar, Cerebelly, Clutch Nutrition, Ingenuity Brands, Koios Beverage Corp., Memore, BrainMD |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.0% of the global brain health functional food and beverage market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 14,630.7 million by 2030.
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Brain Health Functional Food And Beverage Market Scope
Brain Health Functional Food And Beverage Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America brain health functional food and beverage 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 brain health functional food and beverage market will help companies and investors design strategic landscapes.
Vitamins & minerals was the largest segment with a revenue share of 10.05% in 2022. Horizon Databook has segmented the Latin America brain health functional food and beverage market based on anthocyanins, choline, resveratrol, ashwagandha, ginkgo biloba, omega 3, vitamins & minerals, l-theanine, curcumin covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing prevalence of chronic physiological and mental conditions and growing health consciousness among consumers in Central & South America have compelled them to start paying closer attention to food product labels and ingredients. This has driven the market for functional foods and beverages that are beneficial for brain health.
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Our clientele includes a mix of brain health functional food and beverage 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America brain health functional food and beverage market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America brain health functional food and beverage market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America brain health functional food and beverage market size, by country, 2017-2030 (US$M)
Latin America Brain Health Functional Food And Beverage Market Outlook Share, 2022 & 2030 (US$M)
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