Mexico Personalized Retail Nutrition And Wellness Market Size & Outlook
Mexico personalized retail nutrition and wellness market, 2018-2030 (US$M)
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Mexico personalized retail nutrition and wellness market highlights
- The Mexico personalized retail nutrition and wellness market generated a revenue of USD 28.4 million in 2022 and is expected to reach USD 65.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11% 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 28.4 million |
| Market revenue in 2030 | USD 65.6 million |
| Growth rate | 11% (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, Mexico accounted for 0.9% 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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Mexico 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 46.13% in 2022. Horizon Databook has segmented the Mexico 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.
One of the main causes of deaths in Mexico is diabetes mellitus, which is a long-term metabolic disorder. Another major health concern in the country is the rise in prevalence of obesity. To curb such conditions, maintaining a healthy lifestyle is must. Thus, there are huge growth opportunities in Mexico for companies offering personalized nutrition and wellness products.
In addition, in 2014, the Mexican government imposed a tax on sugary drinks to encourage people to consume healthy food & beverages and increase awareness about the ill effects of artificial sugars and fast food on health. This move significantly influenced the market with a steep drop of 12% in the sales of sugary beverages in the country in 2014.
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Target buyers of Mexico 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 Mexico personalized retail nutrition and wellness market, including forecasts for subscribers. This country databook contains high-level insights into Mexico personalized retail nutrition and wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico personalized retail nutrition wellness market size, by type, 2018-2030 (US$M)
Mexico Personalized Retail Nutrition And Wellness Market Share, 2022 & 2030 (US$M)
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