Argentina Nutritional Supplements Market Size & Outlook
Argentina nutritional supplements market, 2018-2030 (US$M)
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Argentina nutritional supplements market highlights
- The Argentina nutritional supplements market generated a revenue of USD 6,281.8 million in 2023 and is expected to reach USD 9,954.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, functional foods and beverages was the largest revenue generating product in 2023.
- Sports Nutrition is the most lucrative product segment registering the fastest growth during the forecast period.
Nutritional supplements market data book summary
| Market revenue in 2023 | USD 6,281.8 million |
| Market revenue in 2030 | USD 9,954.0 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Functional foods and beverages |
| Fastest growing segment | Sports Nutrition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Nutrition, Fat Burners, Dietary Supplements, Functional Foods and Beverages |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Herbalife Ltd, Amway Malaysia Holdings, PepsiCo Inc, Clif Bar, Science in Sport, THG PLC Ordinary Share, Chesnara PLC |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.6% of the global nutritional 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 nutritional 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 46,910.4 million by 2030.
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Nutritional Supplements Market Scope
Nutritional Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina nutritional 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 nutritional supplements market will help companies and investors design strategic landscapes.
Functional foods and beverages was the largest segment with a revenue share of 57.83% in 2023. Horizon Databook has segmented the Argentina nutritional supplements market based on sports nutrition, fat burners, dietary supplements, functional foods and beverages covering the revenue growth of each sub-segment from 2018 to 2030.
The market in this country is driven by improvements in healthcare infrastructure, rising consumer awareness regarding deficiency of necessary vitamins, minerals, & others, and a rise in the prevalence of chronic diseases.
The high burden of diseases and deficiencies in the Argentinian population is promoting the market growth. Probiotics have a high growth potential in the coming years owing to recent support from the government.
The country extended its support toward the proposal by International Probiotics Association at Codex, which works for harmonizing probiotic guidelines for use in food and dietary supplements.
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Our clientele includes a mix of nutritional 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 Argentina nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Argentina nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina nutritional supplements market
Argentina Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
Argentina nutritional supplements market
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