Latin America Superfood Powders Market Size & Outlook
Latin America superfood powders market, 2018-2030 (US$M)
Related Markets
Latin America superfood powders market highlights
- The Latin America superfood powders market generated a revenue of USD 369.1 million in 2021.
- The market is expected to grow at a CAGR of 7.6% from 2022 to 2030.
- In terms of segment, conventional was the largest revenue generating product in 2021.
- Organic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 369.1 million |
| Market revenue in 2030 | USD 712.8 million |
| Growth rate | 7.6% (CAGR from 2021 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional, Organic |
| Key market players worldwide | Sunfood.com, Glanbia PLC, Navitas Organics, Nestle SA, Nature's Brands, The Healing Co Inc, Terrasoul Superfoods, Suncore Foods, Country Farms, Naturya |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.0% of the global superfood powders market in 2021.
- 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 2,353.5 million by 2030.
Key Regions: Brazil , U.S. , UK , Argentina , Colombia
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Superfood Powders Market Scope
Superfood Powders Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America superfood powders 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 superfood powders market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 56.95% in 2021. Horizon Databook has segmented the Latin America superfood powders market based on conventional, organic covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing penetration of superfoods in the form of powders and blends in the region is likely to favor the market growth. Many companies have been rolling out superfood powders in the Central and South American market due to the ongoing trend of healthy eating and the preference for organic foods.
According to a report published by the Wisconsin Economic Development Corporation in May 2021, consumers in South American countries such as Colombia, Argentina, Brazil, and Mexico are opting for products that offer simplicity, transparency, health benefits, authenticity, and sustainability.
The corporation surveyed 1,500 consumers in Mexico, Argentina, Brazil, and Colombia and concluded that 43% to 49% of consumers in the aforementioned countries have a health-conscious mindset and are willing to pay a premium price for organic and natural foods to follow up with their special diet patterns such as vegan, vegetarian, or paleo.
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Our clientele includes a mix of superfood powders market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America superfood powders market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America superfood powders market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America superfood powders market size, by country, 2018-2030 (US$M)
Latin America Superfood Powders Market Outlook Share, 2021 & 2030 (US$M)
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