Market revenue in 2023 | USD 10,489.1 million |
Market revenue in 2030 | USD 19,756.3 million |
Growth rate | 9.5% (CAGR from 2023 to 2030) |
Largest segment | Vitamins |
Fastest growing segment | Protiens & Amino Acids |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Vitamins, Botanicals, Minerals, Protiens & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids |
Key market players worldwide | Amway Malaysia Holdings, Abbott Laboratories, Bayer AG, Glanbia PLC, Pfizer Inc, Archer-Daniels Midland Co, Nu Skin Enterprises Inc Class A, GlaxoSmithKline, Herbalife Ltd, Natures Sunshine Products Inc, DuPont de Nemours Inc, Nestle SA, NOW Foods, RBK Nutraceuticals, Goodhealth |
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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 dietary supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 29.95% in 2024. Horizon Databook has segmented the Latin America dietary supplements market based on vitamins, botanicals, minerals, protiens & amino acids, fibers & specialty carbohydrates, omega fatty acids covering the revenue growth of each sub-segment from 2021 to 2032.
Young and adult consumers are more receptive to health and wellness trends, which will likely drive the sales of dietary supplement products. The increasing number of consumers following a healthy lifestyle, coupled with untapped opportunities in Latin America, is expected to drive the 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. Furthermore, high prices of proteins & amino acids, fibers & specialty carbohydrates, and omega fatty acid-based supplements and market cannibalization could hinder the growth of the dietary supplements market in the region over the forecast period.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America dietary supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America dietary supplements market from 2021 to 2032, including revenue numbers, major trends, and company profiles.
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