Latin America Nutritional Supplements Market Size & Outlook
Latin America nutritional supplements market, 2018-2030 (US$M)
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Latin America nutritional supplements market highlights
- The Latin America nutritional supplements market generated a revenue of USD 55,378.0 million in 2023.
- The market is expected to grow at a CAGR of 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 55,378.0 million |
| Market revenue in 2030 | USD 94,950.9 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Functional foods and beverages |
| Fastest growing segment | Sports Nutrition |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 13.7% of the global nutritional supplements market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 94,950.9 million by 2030.
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Nutritional Supplements Market Scope
Nutritional Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 57.85% in 2023. Horizon Databook has segmented the Latin America 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 Latin America nutraceutical supplement market has been witnessing substantial growth in recent years. Latin America has a large and diverse population with varying healthcare needs. Obesity, diabetes, and cardiovascular disease have become more prevalent in the region.
Nutraceutical supplements are being used by consumers to supplement their diets and address certain health issues. Latin America's growing middle-class population has increased purchasing power and willingness to spend on health and wellness items.
This increased the need for nutraceutical supplements. Furthermore, the availability of nutraceutical supplements through multiple retail channels, such as pharmacies, health shops, supermarkets, and e-commerce platforms, increased consumer access to these goods in Latin America.
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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 continent-level data and insights on the Latin America nutritional supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America nutritional supplements market size, by country, 2018-2030 (US$M)
Latin America Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
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