Latin America Nutraceuticals Market Research Report – Segmented By Type, Application and Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029)

Updated On: January, 2024
ID: 495
Pages: 140

Latin America Nutraceuticals Market Size (2024 to 2029)

The nutraceuticals market size in Latin America was valued at USD 14.3 billion in 2023. Latin America is estimated to reach USD 22.64 billion by 2029 from USD 15.44 billion in 2024, growing at a CAGR of 7.96% from 2024 to 2029.

Nutraceutical defines nutrition and pharmaceuticals; it describes products obtained from food sources with added health benefits along with the basic food values. Consumers take dietary supplements not only to fulfill the daily nutrient requirement but also as disease prevention and physical performance boosters.   Nutraceuticals have emerged so well due to their safety and potential nutritional and therapeutic values. Health improvement is seen in people using supplement food or fortified food. Along with just providing nutrients, it deals with gut complications as well, such as Crohn’s disease, ulcerative colitis, gluten therapy-resistant celiac and irritable bowel syndrome that results from imbalance and overgrowth of intestinal microbial flora. 

The key drivers of the market are an increase in lifestyle diseases all over the world, inadequate nutrition, and an increase in life expectancy. A shift is observed from synthetic supplements to natural or organic ingredients amongst consumers.

Growing health consciousness among people in Latin America has created an environment perfectly suitable for the Latin American nutraceuticals market to thrive. The growth of the Latin American nutraceuticals market is stirred by multiple factors, including the rising cost of healthcare, a boost in the number of entrepreneurs foraying into the nutraceuticals industry, growing health consciousness among consumers, and the introduction of different effective products.

Lack of awareness in developing countries about these nutraceutical ingredients is restricting the growth of the market in the Latin American region.

This research report on the Latin American nutraceuticals market has been segmented and sub-segmented based on the following categories.

Latin America Nutraceuticals Market By Type

  • Prebiotics
  • Probiotics
  • Proteins & Amino Acids
  • Fibers & Specialty Carbohydrates
  • Vitamins
  • Phytochemicals & Plant Extracts
  • Minerals
  • Carotenoids
  • Omega-3 Fatty Acids
  • Others

Latin America Nutraceuticals Market By Application

  • Animal Nutrition
  • Functional Food
  • Dietary Supplements
  • Functional Food Beverages
  • Personal Care

The dietary supplements segment leads the application market, while photochemical & plant extracts are the fastest-growing division.

Latin America Nutraceuticals Market By Country

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

TOP COMPANIES IN THIS MARKET

Companies playing a major role in the Latin America nutraceuticals market include E. I. du Pont de Nemours and Company, General Mills, Inc., Cargill, Royal DSM N.V., Groupe Danone S.A., BASF SE, and Archer Daniels Midland Company.

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1200

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample