Latin America Food Fortifying Agents Market Size & Outlook
The food fortifying agents market in Latin America is expected to reach a projected revenue of US$ 17,116.8 million by 2030. A compound annual growth rate of 9.2% is expected of Latin America food fortifying agents market from 2024 to 2030.
Revenue, 2023 (US$M)
$9,249.4
Forecast, 2030 (US$M)
$17,116.8
CAGR, 2024 - 2030
9.2%
Report Coverage
Latin America
Latin America food fortifying agents market, 2018-2030 (US$M)
Latin America food fortifying agents market highlights
- The Latin America food fortifying agents market generated a revenue of USD 9,249.4 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating type in 2023.
- Vitamins is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 9,249.4 million |
| Market revenue in 2030 | USD 17,116.8 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Vitamins |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.0% of the global food fortifying agents market in 2023.
- 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 49,520.1 million by 2030.
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Food Fortifying Agents Market Scope
Food fortifying agents market segmentation & scope
Application
Dairy & Dairy-based Products
Infant Formula
Cereals & Cereal-based Products
Beverages
Dietary supplements
Fats & oils
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Food Fortifying Agents Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America food fortifying agents market
Related regional statistics
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