Brazil Personalized Retail Nutrition And Wellness Market Size & Outlook
Brazil personalized retail nutrition and wellness market, 2018-2030 (US$M)
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Brazil personalized retail nutrition and wellness market highlights
- The Brazil personalized retail nutrition and wellness market generated a revenue of USD 44.5 million in 2022 and is expected to reach USD 108.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.8% from 2023 to 2030.
- In terms of segment, repeat recommendation was the largest revenue generating type in 2022.
- Personalized Testing is the most lucrative type segment registering the fastest growth during the forecast period.
Personalized retail nutrition and wellness market data book summary
| Market revenue in 2022 | USD 44.5 million |
| Market revenue in 2030 | USD 108.9 million |
| Growth rate | 11.8% (CAGR from 2022 to 2030) |
| Largest segment | Repeat recommendation |
| Fastest growing segment | Personalized Testing |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Recommendation, Repeat Recommendation, Continuous Recommendation, Personalized Testing |
| Key market players worldwide | Nature's Brands, Cargill, Bayer AG, PlateJoy, Better Therapeutics Inc, Noom, Prenetics Global Ltd Class A |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.5% of the global personalized retail nutrition and wellness market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil personalized retail nutrition and wellness 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 108.9 million by 2030.
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Personalized Retail Nutrition And Wellness Market Scope
Personalized Retail Nutrition And Wellness Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil personalized retail nutrition and wellness 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 personalized retail nutrition and wellness market will help companies and investors design strategic landscapes.
Repeat recommendation was the largest segment with a revenue share of 45.84% in 2022. Horizon Databook has segmented the Brazil personalized retail nutrition and wellness market based on fixed recommendation, repeat recommendation, continuous recommendation, personalized testing covering the revenue growth of each sub-segment from 2018 to 2030.
Access to proper healthcare facilities is the constitutional right of citizens of Brazil and is provided by the Unified Health System. In a recent report, Brazilian Society for Food & Nutrition (SBAN) stated that genetic tests used in personalized nutrition are additional tools that can be used by healthcare professionals and dieticians to prescribe better nutrition and wellness products & services.
Moreover, at Vitafoods Asia 2018, a global nutraceutical event for ingredients and raw materials for dietary supplements, functional foods and beverages industries, a key trend observed was personalized nutrition and wellness still has a long way to go to become mainstream. Besides, the Nestle Institute of Health Sciences (NIHS) recently conducted a study with University of Sao Paulo Ribeirao Preto using Nestrovit in children.
The study concluded that administration of dietary supplements such as Nestrovit over a period, significantly improved metabolic health of children and reduced deficiency of micronutrients in the body. Thus, the market for personalized nutrition and wellbeing is expected to grow at a moderate rate in the region. In addition, the European Academies Science Advisory Council suggests that personalized nutrition can be used as an efficient technique for repressing obesity.
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Target buyers of Brazil personalized retail nutrition and wellness market databook
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Our clientele includes a mix of personalized retail nutrition and wellness market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil personalized retail nutrition and wellness market, including forecasts for subscribers. This country databook contains high-level insights into Brazil personalized retail nutrition and wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil personalized retail nutrition wellness market size, by type, 2018-2030 (US$M)
Brazil Personalized Retail Nutrition And Wellness Market Share, 2022 & 2030 (US$M)
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