Brazil Nutritional Supplements Market Size & Outlook
Brazil nutritional supplements market, 2018-2030 (US$M)
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Brazil nutritional supplements market highlights
- The Brazil nutritional supplements market generated a revenue of USD 25,700.3 million in 2023 and is expected to reach USD 46,910.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9% 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 25,700.3 million |
| Market revenue in 2030 | USD 46,910.4 million |
| Growth rate | 9% (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, Brazil accounted for 6.3% 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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Brazil 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 57.87% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil is one of the largest countries in Latin America, with a population of over 200.0 million, making it highly populous. The large population of the country, coupled with the prevalence of cardiovascular diseases, cancer, and infectious diseases, is promoting the demand for health supplements. Such factors are expected to support the market growth of Brazil.
According to 2022 International Health, Racquet & Sport sclub Association (IHRSA), event organizers in Brazil are referring to the comeback of IHRSA Fitness Brasil in Brazil as a significant milestone in the recovery of the market.
This event is aimed at gym owners, managers, coordinators, and those in the spa, club, & hotel industry. It also caters to investors, entrepreneurs, manufacturers of fitness products & equipment, and professionals in the fields of physical education & nutrition.
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Our clientele includes a mix of nutritional supplements 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 country-level data and insights on the Brazil nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Brazil nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil nutritional supplements market
Brazil Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
Brazil nutritional supplements market
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