Latin America Probiotics Dietary Supplements Market Size & Outlook
Latin America probiotics dietary supplements market, 2018-2030 (US$M)
Related Markets
Latin America probiotics dietary supplements market highlights
- The Latin America probiotics dietary supplements market generated a revenue of USD 1,211.0 million in 2023.
- The market is expected to grow at a CAGR of 15% from 2024 to 2030.
- In terms of segment, tablets & softgels was the largest revenue generating form in 2023.
- Chewables & Gummies is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,211.0 million |
| Market revenue in 2030 | USD 3,214.2 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Tablets & softgels |
| Fastest growing segment | Chewables & Gummies |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chewables & Gummies, Capsules, Powders, Tablets & Softgels |
| Key market players worldwide | DuPont de Nemours Inc, Symrise AG, Basf SE, Archer-Daniels Midland Co, Amway Malaysia Holdings, Abbott Laboratories, Bayer AG, Glanbia PLC, Pfizer Inc, BioGaia AB Class B, GSK PLC, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.9% of the global probiotics dietary supplements market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,451.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Probiotics Dietary Supplements Market Scope
Probiotics Dietary Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America probiotics dietary 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 probiotics dietary supplements market will help companies and investors design strategic landscapes.
Tablets & softgels was the largest segment with a revenue share of 40.28% in 2023. Horizon Databook has segmented the Latin America probiotics dietary supplements market based on chewables & gummies, capsules, powders, tablets & softgels covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South American probiotic dietary supplements market is forecast to grow at a healthy rate over the forecast period. Younger and adult consumers are more receptive to health and wellness trends which will drive sales of probiotic dietary supplements in the near future.
Furthermore, growing consumer interest in healthy lifestyles coupled with untapped opportunities in Latin America are few of the opportunities to pave new paths for the market over the forecast period.
Reasons to subscribe to Latin America probiotics dietary supplements market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America probiotics dietary supplements market databook
-
Our clientele includes a mix of probiotics dietary supplements market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 probiotics dietary supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America probiotics dietary supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America probiotics dietary supplements market size, by country, 2018-2030 (US$M)
Latin America Probiotics Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
