The Latin America Nutraceutical product market is growing steadily as people in the region are becoming more health conscious. Brazil has the highest market share of nutraceutical products in the Latin American region. The most remarkable characteristics of Latin American people for nutraceutical advancement is the growth in natural products nutraceutical products. The Latin America nutraceuticals market reached USD 7.8 billion in 2011 from USD 6.6 billion in 2007 with CAGR of 4.2% during 2007 – 2011.
Latin America market will have a steady growth rate for Proteins and Vitamins segment of the dietary supplement market over the forecast period. Functional beverages are also expected to have a positive growth rate during 2012-2017.
The Brazil nutraceutical market is expected to have a market share of 24.4% in 2017. The increase in disposable income of middle class consumers would help in growth of nutraceutical adoption in other parts of the region. The functional food market in Brazil is expected to have positive growth rate during the forecast period.
This report provides a holistic view to the Latin America nutraceuticals product market with 11 year stretch of market data & forecast, based on following segmentations:
- Probiotics Fortified Food
- Omega Fatty Acid Fortified Food
- Branded Ionized Salt
- Branded Wheat Flour Market
- Other functional food
- Fruit & Vegetable Juices and Drinks
- Dairy & Dairy Alternative Drinks
- Noncarbonated Drinks
- Other functional beverages
Dietary Supplements Segment
- Proteins & Peptides
- Vitamins & Minerals
- Other Market