Mexico Vitamin Supplements Market Size & Outlook
Mexico vitamin supplements market, 2017-2030 (US$M)
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Mexico vitamin supplements market highlights
- The Mexico vitamin supplements market generated a revenue of USD 2,273.4 million in 2022 and is expected to reach USD 3,244.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
- In terms of segment, multivitamin was the largest revenue generating type in 2022.
- Vitamin E 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 2,273.4 million |
| Market revenue in 2030 | USD 3,244.8 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Multivitamin |
| Fastest growing segment | Vitamin E |
| 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, Mexico accounted for 4.7% 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 North America, U.S. vitamin supplements market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,821.5 million by 2030.
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Vitamin Supplements Market Scope
Vitamin Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 43.89% in 2022. Horizon Databook has segmented the Mexico 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.
Mexican consumers have already integrated a high number of vitamin supplements into their regular diets; however, the country still offers ample growth opportunities owing to rising consumer disposable incomes, expanding R&D centers of major food companies, and rising investments in advanced technologies to manufacture such products.
With increasingly hectic lifestyles in urban areas, multivitamin gummies, Vitamin C chewable, vitamin B, and vitamin D are expected to provide a convenient option for Mexican consumers who want to boost their intake of vitamins and other nutrients but lack the time to obtain these from dietary sources.
Numerous brands such as Amway, GNC, Now Foods, and Nature’s Bounty are focusing on bone health as well as calcium content. These products particularly appeal to women and geriatric people who wish to obtain maximum nutrients through their daily diets.
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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 Mexico vitamin supplements market , including forecasts for subscribers. This country databook contains high-level insights into Mexico vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico vitamin supplements market size, by type, 2017-2030 (US$M)
Mexico Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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