Latin America Brain Health Supplements Market Size & Outlook
Latin America brain health supplements market, 2017-2030 (US$M)
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Latin America brain health supplements market highlights
- The Latin America brain health supplements market generated a revenue of USD 473.0 million in 2022.
- The market is expected to grow at a CAGR of 14.8% from 2023 to 2030.
- In terms of segment, herbal extract was the largest revenue generating product in 2022.
- Vitamins & Minerals 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 473.0 million |
| Market revenue in 2030 | USD 1,426.9 million |
| Growth rate | 14.8% (CAGR from 2022 to 2030) |
| Largest segment | Herbal extract |
| Fastest growing segment | Vitamins & Minerals |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Molecules, Herbal Extract, Vitamins & Minerals |
| Key market players worldwide | Unilever PLC, Teva Pharmaceutical Industries Ltd, Natural Factors, Intelligent labs, Accelerated Intelligence, NOW Foods, Health Via Modern Nutrition, Peak Nootropics, AlternaScript |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.5% of the global brain health supplements market in 2022.
- Globally, North America 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 7,954.0 million by 2030.
Herbal extract was the largest segment with a revenue share of 42.66% in 2022. Horizon Databook has segmented the Latin America brain health supplements market based on natural molecules, herbal extract, vitamins & minerals covering the revenue growth of each sub-segment from 2017 to 2030.
The growing occurrence of mental and neurological disorders in this region is driving the growth of the market. Depression and anxiety are the most prevalent mental diseases in Central & South America.
This rising issue is expected to impact the market positively over the forecast period. According to an article published by the Sage Journal in 2019, Hispanic and Latin populations receive 50% less mental healthcare than people in the U.S. Moreover, according to the WHO, approximately 5% of Latin American individuals suffer from depression, with few receiving treatments.
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America brain health supplements market size, by country, 2017-2030 (US$M)
Latin America Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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