Latin America Nutraceuticals Market Size & Outlook
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Latin America nutraceuticals market highlights
- The Latin America nutraceuticals market generated a revenue of USD 30,182.6 million in 2024.
- The market is expected to grow at a CAGR of 8.3% from 2025 to 2030.
- In terms of segment, functional beverages was the largest revenue generating product in 2024.
- Dietary Supplements is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 30,182.6 million |
| Market revenue in 2030 | USD 48,722.8 million |
| Growth rate | 8.3% (CAGR from 2025 to 2030) |
| Largest segment | Functional beverages |
| Fastest growing segment | Dietary Supplements |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dietary Supplements, Functional Food, Functional Beverages, Infant Formula |
| Key market players worldwide | DSM, Alticor Corporate Enterprises, Pfizer Inc, Nestle SA, The Kraft Heinz Co, The Hain Celestial Group Inc, Nature's Brands, General Mills Inc, Danone SA, Tyson Foods Inc Class A, Amway Corporation, Yakult Honsha Co Ltd, Otsuka Pharmaceutical, GlaxoSmithKline, Haleon PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.1% of the global nutraceuticals market in 2024.
- 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 376,059.5 million by 2030.
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Nutraceuticals Market Scope
Nutraceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Haleon PLC | View profile | 24622 | The Heights, Building 5, First Floor, Surrey, Weybridge, United Kingdom, KT13 0NY | https://www.haleon.com |
| Amway Corporation | View profile | 10001+ | Ada, Michigan, United States, North America | http://www.amway.com |
| Alticor Corporate Enterprises | View profile | 10001+ | Ada, Michigan, United States, North America | http://www.alticor.com |
| GlaxoSmithKline | View profile | 10001+ | London, England, United Kingdom, Europe | http://www.gsk.com |
| Yakult Honsha Co Ltd | View profile | 29880 | 1-19 Higashi Shimbashi 1-chome, Minato-ku, Tokyo, Japan, 105-0021 | http://www.yakult.co.jp |
| The Kraft Heinz Co | View profile | 36000 | One PPG Place, Pittsburgh, PA, United States, 15222 | https://www.kraftheinzcompany.com |
| Nature's Brands | View profile | 11-50 | Chattanooga, Tennessee, United States, North America | https://www.naturesbrands.com/ |
| Tyson Foods Inc Class A | View profile | 139000 | 2200 West Don Tyson Parkway, Springdale, AR, United States, 72762-6999 | https://www.tysonfoods.com |
| General Mills Inc | View profile | 34000 | Number One General Mills Boulevard, Minneapolis, MN, United States, 55426 | https://www.generalmills.com |
| Otsuka Pharmaceutical | View profile | 251-500 | Tokyo, Tokyo, Japan, Asia | https://www.otsuka.co.jp/en/ |
| DSM | View profile | 10001+ | Heerlen, Limburg, The Netherlands, Europe | http://www.dsm.com |
| The Hain Celestial Group Inc | View profile | 2837 | 4600 Sleepytime Drive, Co, Boulder, DE, United States, 80301 | https://www.hain.com |
| Danone SA | View profile | 88843 | 17, Boulevard Haussmann, Paris, France, 75009 | https://www.danone.com |
| Nestle SA | View profile | 270000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | https://www.nestle.com |
| Pfizer Inc | View profile | 88000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | https://www.pfizer.com |
Latin America nutraceuticals 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 nutraceuticals market will help companies and investors design strategic landscapes.
Functional beverages was the largest segment with a revenue share of 34.84% in 2024. Horizon Databook has segmented the Latin America nutraceuticals market based on dietary supplements, functional food, functional beverages, infant formula covering the revenue growth of each sub-segment from 2018 to 2030.
Young and adult consumers are more receptive to health and wellness trends, which are likely to drive the sales of nutraceutical products, especially dietary supplements. Increasing number of consumers following a healthy lifestyle and untapped opportunities in Central & South America are some of the factors that are paving the way for the market expansion over the forecast period
However, stringent regulations for health claims, inequality & poverty, and return on investment (ROI) for new delivery forms may pose hurdles for further expansion of the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America nutraceuticals market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America nutraceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America nutraceuticals market size, by country, 2018-2030 (US$M)
Latin America Nutraceuticals Market Outlook Share, 2024 & 2030 (US$M)
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