Brazil Mineral Supplements Market Size & Outlook
Brazil mineral supplements market, 2018-2030 (US$M)
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Brazil mineral supplements market highlights
- The Brazil mineral supplements market generated a revenue of USD 944.1 million in 2023 and is expected to reach USD 1,671.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, calcium was the largest revenue generating product in 2023.
- Calcium is the most lucrative product segment registering the fastest growth during the forecast period.
Mineral supplements market data book summary
| Market revenue in 2023 | USD 944.1 million |
| Market revenue in 2030 | USD 1,671.0 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Calcium |
| Fastest growing segment | Calcium |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Dassault Systemes SE, Herbalife Ltd, Sanofi SA, Amway Malaysia Holdings, Bayer AG, Otsuka Pharmaceutical, DSM, Nu Skin Enterprises Inc Class A, Omega Protein, Bio-Botanica |
Other key industry trends
- In terms of revenue, Brazil accounted for 5.9% of the global mineral 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 mineral supplements 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 1,671.0 million by 2030.
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Mineral Supplements Market Scope
Mineral Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil mineral 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 mineral supplements market will help companies and investors design strategic landscapes.
Calcium was the largest segment with a revenue share of 40.11% in 2023. Horizon Databook has segmented the Brazil mineral supplements market based on calcium, magnesium, iron, potassium, zinc, chromium, selenium covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for mineral supplements in Brazil is expected to increase significantly due to numerous health problems, such as mineral deficiency among Brazilian residents. Several studies have demonstrated mineral deficiencies among the Brazilian population.
For instance, a study published by the National Library Of Medicine in July 2023 observed the prevalence of inadequate dietary calcium intake among school children in Brazil. Moreover, the study published by PeerJ, Inc. in February 2022 stated that iron deficiency anemia among women of childbearing age is a public health problem in the country.
Thus, the prevalence of calcium and iron deficiencies is expected to drive the demand for mineral supplements in the country market. Moreover, the presence of companies and e-commerce platforms, such as Amazon, Lallemand, Inc., Mercado Livre., and Magazine Luiza, which offer mineral supplements, is anticipated to drive the competition in the mineral supplements market in Brazil.
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Our clientele includes a mix of mineral supplements market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into Brazil mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil mineral supplements market size, by product, 2018-2030 (US$M)
Brazil Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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