Mexico Nutritional Supplements Market Size & Outlook
Mexico nutritional supplements market, 2018-2030 (US$M)
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Mexico nutritional supplements market highlights
- The Mexico nutritional supplements market generated a revenue of USD 13,262.0 million in 2023 and is expected to reach USD 22,397.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.8% 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 13,262.0 million |
| Market revenue in 2030 | USD 22,397.3 million |
| Growth rate | 7.8% (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, Mexico accounted for 3.3% 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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Mexico 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 Mexico 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 nutrition supplements market in Mexico is experiencing significant growth driven by various factors like growing awareness among consumers about the importance of maintaining a healthy lifestyle & addressing nutritional deficiencies, coupled with rise in the prevalence of chronic diseases.
For instance, according to the World Heart Foundation, in 2021, over 77% of total deaths in Mexican adults were caused by heart diseases. The fertility rate in the country is declining steadily. According to Global Burden of Disease, the fertility rate of the country was 2.4% in 2020, and by 2040, it is expected to reach 2.0%.
The declining rate of fertility, coupled with high disposable income of the country, is expected to improve the demand for various supplements, such as Folic acid, Vitamins B1, B2, B3, B6, & B12, and others, in the country.
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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 Mexico nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Mexico nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico nutritional supplements market
Mexico Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
Mexico nutritional supplements market
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