Latin America Personalized Retail Nutrition And Wellness Market Size & Outlook
Latin America personalized retail nutrition and wellness market, 2018-2030 (US$M)
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Latin America personalized retail nutrition and wellness market highlights
- The Latin America personalized retail nutrition and wellness market generated a revenue of USD 114.9 million in 2022.
- The market is expected to grow at a CAGR of 10.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 114.9 million |
| Market revenue in 2030 | USD 252.4 million |
| Growth rate | 10.3% (CAGR from 2022 to 2030) |
| Largest segment | Repeat recommendation |
| Fastest growing segment | Personalized Testing |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 3.8% of the global personalized retail nutrition and wellness market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,998.8 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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Latin America 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 45.95% in 2022. Horizon Databook has segmented the Latin America 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.
Key decision-makers from regulatory agencies and government bodies are collaborating to address the regulatory challenges pertaining to approval and use of dietary supplements as well as its impact on consumers across Latin America.
In September 2013, the Latin American Responsible Nutrition Alliance (ALANUR) conducted the Scientific and Regulatory Trends on Dietary Supplements Workshop in collaboration with the International Alliance of Dietary/Food Supplement Associations (IADSA) for policymakers, regulatory bodies, and scientific experts to exchange ideas and identify novel avenues in the marketplace.
Furthermore, sale of supplements has been reported to be growing in the region; however, international brands that are focused to enter the LATAM market might face challenges due to heterogeneous regulations in different countries.
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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 continent-level data and insights on the Latin America personalized retail nutrition and wellness market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America personalized retail nutrition and wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America personalized retail nutrition wellness market size, by country, 2018-2030 (US$M)
Latin America Personalized Retail Nutrition And Wellness Market Share, 2022 & 2030 (US$M)
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