Brazil Dietary Supplements Market Size & Outlook
Brazil dietary supplements market, 2018-2030 (US$M)
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Brazil dietary supplements market highlights
- The Brazil dietary supplements market generated a revenue of USD 6,754.7 million in 2023 and is expected to reach USD 12,587.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating ingredient in 2023.
- Protiens & Amino Acids is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Dietary supplements market data book summary
| Market revenue in 2023 | USD 6,754.7 million |
| Market revenue in 2030 | USD 12,587.9 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Protiens & Amino Acids |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Botanicals, Minerals, Protiens & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids |
| Key market players worldwide | Amway Malaysia Holdings, Abbott Laboratories, Bayer AG, Glanbia PLC, Pfizer Inc, Archer-Daniels Midland Co, Nu Skin Enterprises Inc Class A, GlaxoSmithKline, Herbalife Ltd, Natures Sunshine Products Inc, DuPont de Nemours Inc, Nestle SA, NOW Foods, RBK Nutraceuticals, Goodhealth |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.8% of the global dietary 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 dietary supplements market is projected to lead the regional market in terms of revenue in 2030.
- Peru is the fastest growing regional market in Latin America and is projected to reach USD 1,732.3 million by 2030.
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Dietary Supplements Market Scope
Dietary Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil dietary 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 dietary supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 30.12% in 2023. Horizon Databook has segmented the Brazil dietary supplements market based on vitamins, botanicals, minerals, protiens & amino acids, fibers & specialty carbohydrates, omega fatty acids covering the revenue growth of each sub-segment from 2018 to 2030.
Rising consumer concerns related to gut health, coupled with the increasing demand for dietary fibers to prevent constipation, cramps, bloating, and irritable bowel syndrome, are anticipated to drive the demand for probiotics in Brazil in the coming years.
In May 2022, Nestlé completed its acquisition of Puravida, a renowned Brazilian nutrition and health lifestyle brand. This strategic move was part of Nestlé's plan to bolster its consumer health portfolio in Brazil, while also capitalizing on the rising demand for organic, natural, and plant-based products.
Puravida boasts an extensive product lineup encompassing various supplements such as vitamins, minerals, herbs, and probiotics. Notably, all of Puravida's offerings adhere to a clean-label approach as they do not contain any artificial additives and preservatives.
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Our clientele includes a mix of dietary supplements market companies, investment firms, advisory firms & academic institutions.
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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 dietary supplements market , including forecasts for subscribers. This country databook contains high-level insights into Brazil dietary supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil dietary supplements market size, by ingredient, 2018-2030 (US$M)
Brazil Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)
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