Brazil Personalized Retail Nutrition And Wellness Market
- Pharmaceuticals
- Complementary And Alternative Medicine
- personalized retail nutrition wellness market
- Complementary And Alternative Medicine
Global Market
Related Markets
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Brazil personalized retail nutrition and wellness market highlights
- The Brazil personalized retail nutrition and wellness market generated a revenue of USD 44.5 million in 2022 and is expected to reach USD 108.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.8% from 2023 to 2030.
- In terms of segment, repeat recommendation was the largest revenue generating type in 2022.
- Personalized Testing is the most lucrative type segment registering the fastest growth during the forecast period.
Personalized retail nutrition and wellness market data book summary
| Market revenue in 2022 | USD 44.5 million |
| Market revenue in 2030 | USD 108.9 million |
| Growth rate | 11.8% (CAGR from 2022 to 2030) |
| Largest segment | Repeat recommendation |
| Fastest growing segment | Personalized Testing |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Recommendation, Repeat Recommendation, Continuous Recommendation, Personalized Testing |
| Key market players worldwide | Nature's Brands, Cargill, Bayer AG, PlateJoy, Better Therapeutics Inc, Noom, Prenetics Global Ltd Class A |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.5% of the global personalized retail nutrition and wellness market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil personalized retail nutrition and wellness market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 108.9 million by 2030.
Access to proper healthcare facilities is the constitutional right of citizens of Brazil and is provided by the Unified Health System. In a recent report, Brazilian Society for Food & Nutrition (SBAN) stated that genetic tests used in personalized nutrition are additional tools that can be used by healthcare professionals and dieticians to prescribe better nutrition and wellness products & services.
Moreover, at Vitafoods Asia 2018, a global nutraceutical event for ingredients and raw materials for dietary supplements, functional foods and beverages industries, a key trend observed was personalized nutrition and wellness still has a long way to go to become mainstream. Besides, the Nestle Institute of Health Sciences (NIHS) recently conducted a study with University of Sao Paulo Ribeirao Preto using Nestrovit in children.
The study concluded that administration of dietary supplements such as Nestrovit over a period, significantly improved metabolic health of children and reduced deficiency of micronutrients in the body. Thus, the market for personalized nutrition and wellbeing is expected to grow at a moderate rate in the region. In addition, the European Academies Science Advisory Council suggests that personalized nutrition can be used as an efficient technique for repressing obesity.
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Personalized Retail Nutrition Wellness Market
Personalized Retail Nutrition Wellness Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bayer AG | View profile | 99,723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | www.bayer.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| Nature's Brands | View profile | 11-50 | Chattanooga, Tennessee, United States, North America | www.naturesbrands.com/ |
| Noom | View profile | 1001-5000 | New York, New York, United States, North America | www.noom.com |
| PlateJoy | View profile | 1-10 | Cambridge, Massachusetts, United States, North America | platejoy.com |
| Better Therapeutics Inc | View profile | 54 | 548 Market Street, Suite 49404, San Francisco, CA, United States, 94104 | www.bettertx.com |
| Prenetics Global Ltd Class A | View profile | 320 | Unit 703-706, K11 Atelier King’s Road, 728 King’s Road, Quarry Bay, Hong Kong, Hong Kong | www.prenetics.com |
Brazil personalized retail nutrition wellness market
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 Personalized Retail Nutrition And Wellness Market will help companies and investors design strategic landscapes.
Repeat Recommendation was the largest segment with a revenue share of 45.84% in 2022.
Horizon Databook has segmented the Brazil personalized retail nutrition and wellness market based on fixed recommendation, repeat recommendation, continuous recommendation, personalized testing covering the revenue growth of each sub-segment from 2018 to 2030.
Access to proper healthcare facilities is the constitutional right of citizens of Brazil and is provided by the Unified Health System. In a recent report, Brazilian Society for Food & Nutrition (SBAN) stated that genetic tests used in personalized nutrition are additional tools that can be used by healthcare professionals and dieticians to prescribe better nutrition and wellness products & services.
Moreover, at Vitafoods Asia 2018, a global nutraceutical event for ingredients and raw materials for dietary supplements, functional foods and beverages industries, a key trend observed was personalized nutrition and wellness still has a long way to go to become mainstream. Besides, the Nestle Institute of Health Sciences (NIHS) recently conducted a study with University of Sao Paulo Ribeirao Preto using Nestrovit in children.
The study concluded that administration of dietary supplements such as Nestrovit over a period, significantly improved metabolic health of children and reduced deficiency of micronutrients in the body. Thus, the market for personalized nutrition and wellbeing is expected to grow at a moderate rate in the region. In addition, the European Academies Science Advisory Council suggests that personalized nutrition can be used as an efficient technique for repressing obesity.
- Brazil Personalized Retail Nutrition And Wellness Market Type Outlook (Revenue, USD Million , 2018-2030)
- Fixed Recommendation
- Repeat Recommendation
- Continuous Recommendation
- Personalized Testing
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil personalized retail nutrition wellness market, including forecasts for subscribers. This country databook contains high-level insights into Brazil personalized retail nutrition wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Personalized Retail Nutrition And Wellness Market, 2018-2030 (US$M)
Brazil personalized retail nutrition wellness market statistics, by type, 2018-2030 (US$M)
