Brazil Vitamin Supplements Market Size & Outlook
Brazil vitamin supplements market, 2017-2030 (US$M)
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Brazil vitamin supplements market highlights
- The Brazil vitamin supplements market generated a revenue of USD 1,799.8 million in 2022 and is expected to reach USD 3,245.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.6% from 2023 to 2030.
- In terms of segment, multivitamin was the largest revenue generating type in 2022.
- Multivitamin is the most lucrative type segment registering the fastest growth during the forecast period.
Vitamin supplements market data book summary
| Market revenue in 2022 | USD 1,799.8 million |
| Market revenue in 2030 | USD 3,245.2 million |
| Growth rate | 7.6% (CAGR from 2022 to 2030) |
| Largest segment | Multivitamin |
| Fastest growing segment | Multivitamin |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K |
| Key market players worldwide | Glanbia PLC, Pfizer Inc, Bayer AG, Amway Malaysia Holdings, GlaxoSmithKline, Nestle SA, NOW Foods, Abbott Laboratories, Herbalife Ltd, Natures Sunshine Products Inc, Nu Skin Enterprises Inc Class A, Pharmavite, Good Health, RBK Nutraceuticals |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.7% of the global vitamin supplements market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil vitamin supplements market is projected to lead the regional market in terms of revenue in 2030.
- Chile is the fastest growing regional market in Latin America and is projected to reach USD 416.4 million by 2030.
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Vitamin Supplements Market Scope
Vitamin Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil vitamin 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 vitamin supplements market will help companies and investors design strategic landscapes.
Multivitamin was the largest segment with a revenue share of 48.33% in 2022. Horizon Databook has segmented the Brazil vitamin supplements market based on multivitamin, vitamin a, vitamin b, vitamin c, vitamin d, vitamin e, vitamin k covering the revenue growth of each sub-segment from 2017 to 2030.
Favorable government policies in Brazil have played a crucial role in driving the growth of the vitamin supplement market in the country. The Brazilian government has recognized the importance of public health and wellness, aligning with global trends where consumers are increasingly focused on preventive healthcare and wellness.
For instance, in August 2022, the Brazilian government announced that the Federal Government eliminated import taxes on food supplements such as multivitamins, creatine, BCAAs, and other sports nutrition products.
This significant reduction in costs can drive market growth by making these supplements more accessible to a broader segment of the population. As a result, this led to increased sales and would potentially attract new players to the market.
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Our clientele includes a mix of vitamin supplements market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil vitamin supplements market , including forecasts for subscribers. This country databook contains high-level insights into Brazil vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil vitamin supplements market size, by type, 2017-2030 (US$M)
Brazil Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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