Mexico Dietary Supplements Market Size & Outlook
Mexico dietary supplements market, 2018-2030 (US$M)
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Mexico dietary supplements market highlights
- The Mexico dietary supplements market generated a revenue of USD 762.5 million in 2023 and is expected to reach USD 1,164.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.2% 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 762.5 million |
| Market revenue in 2030 | USD 1,164.6 million |
| Growth rate | 6.2% (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, Mexico accounted for 0.4% 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 North America, U.S. dietary supplements market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,550.9 million by 2030.
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Dietary Supplements Market Scope
Dietary Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 29.65% in 2023. Horizon Databook has segmented the Mexico 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.
Mexican consumers have already integrated a high number of dietary supplements in their regular diets; however, the country still offers ample growth opportunities owing to rising consumer disposable incomes, expanding R&D centers of major food companies, and rising investments in advanced technologies to manufacture such products.
With hectic lifestyles in urban areas, multivitamin gummies, Vitamin C lollipops, and probiotic chewables are expected to provide a convenient option for Mexican consumers who want to boost their intake of vitamins and other nutrients but lack the time to obtain these from dietary sources. New product launches and strategic partnerships with international market players have further boosted market growth in Mexico.
In September 2023, Kyowa Hakko, in collaboration with pharmaceutical manufacturer Quifaest, introduced its postbiotic ingredient, IMMUSE, to the Mexican market. This marks the first time IMMUSE has become available in Mexico, signifying a significant expansion of its global presence.
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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 Mexico dietary supplements market , including forecasts for subscribers. This country databook contains high-level insights into Mexico dietary supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico dietary supplements market size, by ingredient, 2018-2030 (US$M)
Mexico Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)
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