Latin America Gummy Market Size & Outlook, 2023-2030
Latin America gummy market, 2018-2030 (US$M)
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Latin America gummy market highlights
- The Latin America gummy market generated a revenue of USD 465.6 million in 2023.
- The market is expected to grow at a CAGR of 13.5% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- CBD/CBN is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 465.6 million |
| Market revenue in 2030 | USD 1,132.3 million |
| Growth rate | 13.5% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | CBD/CBN |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Minerals, Carbohydrates, Omega Fatty Acids, Proteins & Amino Acids, Probiotics & Prebiotics, Dietary Fibers, CBD/CBN, Psylocybin/Psychedelic Mushroom, Melotonin |
| Key market players worldwide | Procaps Group SA, Catalent Inc, NutraStar, Santa Cruz Nutritionals, Amapharm, Allseps, Boscogen, Better Nutritionals, Prime Health, AJES Pharmaceuticals, Lactonova, SMP Nutra, Superior Supplement Manufacturing, Well Aliments, Supplement Factory |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.8% of the global gummy market in 2023.
- Globally, Asia Pacific 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 8,949.2 million by 2030.
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Gummy Market Scope
Gummy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America gummy 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 gummy market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 25.13% in 2023. Horizon Databook has segmented the Latin America gummy market based on vitamins, minerals, carbohydrates, omega fatty acids, proteins & amino acids, probiotics & prebiotics, dietary fibers, cbd/cbn, psylocybin/psychedelic mushroom, melotonin covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing urbanization, improvements in the retail sector with an increasing number of hypermarkets, & supermarkets along with better product display and convenient payment facilities, and rising penetration of global health products are expected to contribute to the growth of the gummy market in Central & South America. In addition, the rising prevalence of malnutrition in the region is expected to increase the need for supplements.
As per the United Nations Economic Commission for Economic Commission for Latin America and the Caribbean (ECLAC), the dependent population, including the senior population aged 65 years and above, is expected to increase in the country from 2020 - 2025.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America gummy market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America gummy market size, by country, 2018-2030 (US$M)
Latin America Gummy Market Outlook Share, 2023 & 2030 (US$M)
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