Brazil Functional Foods Market Size & Outlook, 2023-2030
Brazil functional foods market, 2017-2030 (US$M)
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Brazil functional foods market highlights
- The Brazil functional foods market generated a revenue of USD 5,168.1 million in 2023 and is expected to reach USD 8,592.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, prebiotics & probiotics was the largest revenue generating ingredient in 2023.
- Vitamins is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Functional foods market data book summary
| Market revenue in 2023 | USD 5,168.1 million |
| Market revenue in 2030 | USD 8,592.3 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Prebiotics & probiotics |
| Fastest growing segment | Vitamins |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins |
| Key market players worldwide | Coca-Cola Co, Arla Foods, Amway Malaysia Holdings, Herbalife Ltd, Cargill, General Mills Inc, Basf SE |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.6% of the global functional foods market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil functional foods market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 8,592.3 million by 2030.
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Functional Foods Market Scope
Functional Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil functional foods 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 functional foods market will help companies and investors design strategic landscapes.
Prebiotics & probiotics was the largest segment with a revenue share of 33.18% in 2023. Horizon Databook has segmented the Brazil functional foods market based on carotenoids, dietary fibers, fatty acids, minerals, prebiotics & probiotics, vitamins covering the revenue growth of each sub-segment from 2017 to 2030.
Rising market size for functional foods in Brazil on account ease of incorporation of nutritional ingredients is expected to reduce the usage of functional food over the forecast years. Botanical dietary supplements and other natural products are gaining higher share owing to the applications majorly in medicinal nutritional products, which are aimed at treatment of muscular pains & controlling thyroid levels in the human body.
The marketing of functional foods in South America started very recently and revenues for the field of functional foods currently make up 7% of total revenue worldwide, it can be said that the Brazilian market offers ample scope for returns investments in functional foods.
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Our clientele includes a mix of functional foods 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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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 country-level data and insights on the Brazil functional foods market , including forecasts for subscribers. This country databook contains high-level insights into Brazil functional foods market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil functional foods market size, by ingredient, 2017-2030 (US$M)
Brazil Functional Foods Market Outlook Share, 2023 & 2030 (US$M)
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