Latin America Private Label Packaged Food Market Size & Outlook
Latin America private label packaged food market, 2018-2030 (US$M)
Latin America private label packaged food market highlights
- The Latin America private label packaged food market generated a revenue of USD 19,105.3 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, baked goods was the largest revenue generating product in 2023.
- Baked Goods is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 19,105.3 million |
| Market revenue in 2030 | USD 26,188.5 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Baked goods |
| Fastest growing segment | Baked Goods |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Baked Goods |
| Key market players worldwide | Four Sigmatic |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.9% of the global private label packaged food market in 2023.
- Globally, Europe 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 189,139.5 million by 2030.
Baked goods was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Latin America private label packaged food market based on baked goods covering the revenue growth of each sub-segment from 2018 to 2030.
In Central and South America, the fiber supplements market is gaining traction, driven by a growing awareness of dietary health and the benefits of fiber. The market's growth is supported by the Brazilian population's increasing focus on maintaining a balanced diet and addressing gut health issues. Moreover, young and adult consumers are more receptive to health and wellness trends, which will likely drive the sales of fiber supplement products.
The increasing number of consumers following a healthy lifestyle, coupled with untapped opportunities in Central and South America, is expected to drive market growth over the forecast period. However, stringent regulations for health claims and low return on investment (ROI) for new delivery forms may pose hurdles for further expansion.
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Private Label Packaged Food Market Scope
Private Label Packaged Food Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America private label packaged food market size, by country, 2018-2030 (US$M)
Latin America Private Label Packaged Food Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
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