Latin America Nutraceuticals Market Size & Outlook
Latin America nutraceuticals market, 2018-2030 (US$M)
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Latin America nutraceuticals market highlights
- The Latin America nutraceuticals market generated a revenue of USD 18,636.8 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, probiotics was the largest revenue generating ingredient in 2023.
- Probiotics is the most lucrative ingredient 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 18,636.8 million |
| Market revenue in 2030 | USD 37,181.7 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Probiotics |
| Fastest growing segment | Probiotics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aloe vera, Amino acids, Botanical Ingredients, Cannabidiol, Carbohydrates, Carnitine, Food Color, Carotenoids, Spirulina, Collagen, Colostrum, Cultures and fermentation starters, Dairy ingredients, Emulsifiers, Enzymes, Essential oils, Fat replacers, Fats and oils, Fibres, Flavours, Fruit and vegetable products, Glucosamine / Chondroitin, Isoflavones, Juices and concentrates, Krill, Lipids / Fatty Acids, Marine ingredients, Minerals, Omega-3s, Prebiotics, Probiotics, Proteins, Sweeteners, Vitamins, Whey proteins |
| 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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.9% of the global nutraceuticals 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 229,087.8 million by 2030.
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Nutraceuticals Market Scope
Nutraceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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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.
Probiotics was the largest segment with a revenue share of 28.67% in 2024. Horizon Databook has segmented the Latin America nutraceuticals market based on aloe vera, amino acids, botanical ingredients, cannabidiol, carbohydrates, carnitine, food color, carotenoids, spirulina, collagen, colostrum, cultures and fermentation starters, dairy ingredients, emulsifiers, enzymes, essential oils, fat replacers, fats and oils, fibres, flavours, fruit and vegetable products, glucosamine / chondroitin, isoflavones, juices and concentrates, krill, lipids / fatty acids, marine ingredients, minerals, omega-3s, prebiotics, probiotics, proteins, sweeteners, vitamins, whey proteins 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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Our clientele includes a mix of nutraceuticals 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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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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