The Latin America, Middle East and Africa Nutraceuticals Market would witness market growth of 11.7% CAGR during the forecast period (2021-2027).
Nutraceuticals are supplements that offer the human body with additional nourishment and health benefits. It contains fortified nutrients like taurine, CoQ10, omega-3, calcium, zinc, and antioxidants that promote consumers' overall health. These nutrients also help to prevent medical problems like hypertension, diabetes, heart disease, and allergies. Nutraceuticals are becoming increasingly popular as customers' digestive and immunological systems improve, and their cognitive behaviour improves.
The growing trend among people to change their eating habits is expected to drive up demand for nutraceuticals. The notion among consumers that a poor diet leads to higher pharmaceutical prices is expected to enhance demand for nutraceuticals. This would also benefit the government because it would result in lower healthcare costs and lower social security costs.
The South American nutraceuticals business is still in its early stage. The region, on the other hand, has a lot of potential and can grow at a faster rate in the coming years. This industry is rapidly developing, with conditions ripe for explosive expansion in the next years. The growing market for these nutraceutical products in the Middle East and Africa is mostly due to a trend toward preventative therapies, a favourable price environment, increasing family income, development in the pharma retail chain, and an increase in healthcare spending.
Furthermore, prominent international market players are expected to increase their investment in the regional industry, which is expected to fuel growth. To enhance their presence in this market, regional major players are developing new products. For example, NattoPharma, a Brazilian pharmaceutical company, released its new dietary supplement MenaQ7 Vitamin K2 in July 2019. Owing to these advancements, the demand for nutraceuticals would increase in this region in the coming years.
The Brazil market dominated the LAMEA Nutraceuticals Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $15.2 billion by 2027. The Argentina market is exhibiting a CAGR of 12.3% during (2021 - 2027). Additionally, The UAE market would display a CAGR of 11.4% during (2021 - 2027).
Based on Type, the market is segmented into Functional Food, Dietary Supplements, and Functional Beverages. Further, on the basis of Functional food, the market is segmented into Vitamins, Minerals, Carotenoids, Dietary Fibers, Prebiotics & Probiotics, Fatty Acids, and Others. Based on Dietary Supplements, the market is segmented into Vitamins & Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Botanicals, Omega Fatty Acids & Others. Based on Functional Beverages, the market is segmented into Energy & Sports Drinks, Functional Juices, and Others. Based on Sales Channel, the market is segmented into Pharmacy, Specialty Stores, Hypermarket/Supermarket, and Online Channels. Based on Form, the market is segmented into Capsule & Tablets, Liquid, Powder, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Nutraceuticals Market is Predict to reach $743.6 Billion by 2027, at a CAGR of 8.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., General Mills, Inc., Archer Daniels Midland Company, Danone, S.A., Koninklijke DSM N.V., International Flavors & Fragrances, Inc., Herbalife International, Inc., The Hain Celestial Group, Inc., Amway Corporation, and Cargill Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Functional Food
- Vitamins
- Minerals
- Carotenoids
- Dietary Fibers
- Prebiotics & Probiotics
- Fatty Acids
- Others
- Dietary Supplements
- Vitamins & Minerals
- Proteins & Amino Acids
- Fibers & Specialty Carbohydrates
- Botanicals
- Omega Fatty Acids & Others
- Functional Beverages
- Energy & Sports Drinks
- Functional Juices
- Others
By Sales Channel
- Pharmacy
- Specialty Stores
- Hypermarket/Supermarket
- Online Channels
By Form
- Capsule & Tablets
- Liquid
- Powder
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Nestle S.A.
- General Mills, Inc.
- Archer Daniels Midland Company
- Danone, S.A.
- Koninklijke DSM N.V.
- International Flavors & Fragrances, Inc.
- Herbalife International, Inc.
- The Hain Celestial Group, Inc.
- Amway Corporation
- Cargill Corporation
TABLE 1 LAMEA Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Nutraceuticals Market
TABLE 4 Product Launches And Product Expansions– Nutraceuticals Market
TABLE 5 Acquisitions and Mergers– Nutraceuticals Market
TABLE 6 LAMEA Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 7 LAMEA Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 8 LAMEA Functional Food Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA Functional Food Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 11 LAMEA Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 12 LAMEA Vitamins Market by Country, 2017 - 2020, USD Million
TABLE 13 LAMEA Vitamins Market by Country, 2021 - 2027, USD Million
TABLE 14 LAMEA Minerals Market by Country, 2017 - 2020, USD Million
TABLE 15 LAMEA Minerals Market by Country, 2021 - 2027, USD Million
TABLE 16 LAMEA Carotenoids Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Carotenoids Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Dietary Fibers Market by Country, 2017 - 2020, USD Million
TABLE 19 LAMEA Dietary Fibers Market by Country, 2021 - 2027, USD Million
TABLE 20 LAMEA Prebiotics & Probiotics Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Prebiotics & Probiotics Market by Country, 2021 - 2027, USD Million
TABLE 22 LAMEA Fatty Acids Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA Fatty Acids Market by Country, 2021 - 2027, USD Million
TABLE 24 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 25 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 26 LAMEA Dietary Supplements Market by Country, 2017 - 2020, USD Million
TABLE 27 LAMEA Dietary Supplements Market by Country, 2021 - 2027, USD Million
TABLE 28 LAMEA Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 29 LAMEA Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 30 LAMEA Vitamins & Minerals Market by Country, 2017 - 2020, USD Million
TABLE 31 LAMEA Vitamins & Minerals Market by Country, 2021 - 2027, USD Million
TABLE 32 LAMEA Proteins & Amino Acids Market by Country, 2017 - 2020, USD Million
TABLE 33 LAMEA Proteins & Amino Acids Market by Country, 2021 - 2027, USD Million
TABLE 34 LAMEA Fibers & Specialty Carbohydrates Market by Country, 2017 - 2020, USD Million
TABLE 35 LAMEA Fibers & Specialty Carbohydrates Market by Country, 2021 - 2027, USD Million
TABLE 36 LAMEA Botanicals Market by Country, 2017 - 2020, USD Million
TABLE 37 LAMEA Botanicals Market by Country, 2021 - 2027, USD Million
TABLE 38 LAMEA Omega Fatty Acids & Others Market by Country, 2017 - 2020, USD Million
TABLE 39 LAMEA Omega Fatty Acids & Others Market by Country, 2021 - 2027, USD Million
TABLE 40 LAMEA Functional Beverages Market by Country, 2017 - 2020, USD Million
TABLE 41 LAMEA Functional Beverages Market by Country, 2021 - 2027, USD Million
TABLE 42 LAMEA Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 43 LAMEA Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 44 LAMEA Energy & Sports Drinks Market by Country, 2017 - 2020, USD Million
TABLE 45 LAMEA Energy & Sports Drinks Market by Country, 2021 - 2027, USD Million
TABLE 46 LAMEA Functional Juices Market by Country, 2017 - 2020, USD Million
TABLE 47 LAMEA Functional Juices Market by Country, 2021 - 2027, USD Million
TABLE 48 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 49 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 50 LAMEA Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 51 LAMEA Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 52 LAMEA Pharmacy Market by Country, 2017 - 2020, USD Million
TABLE 53 LAMEA Pharmacy Market by Country, 2021 - 2027, USD Million
TABLE 54 LAMEA Specialty Stores Market by Country, 2017 - 2020, USD Million
TABLE 55 LAMEA Specialty Stores Market by Country, 2021 - 2027, USD Million
TABLE 56 LAMEA Hypermarket/Supermarket Market by Country, 2017 - 2020, USD Million
TABLE 57 LAMEA Hypermarket/Supermarket Market by Country, 2021 - 2027, USD Million
TABLE 58 LAMEA Online Channels Market by Country, 2017 - 2020, USD Million
TABLE 59 LAMEA Online Channels Market by Country, 2021 - 2027, USD Million
TABLE 60 LAMEA Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 61 LAMEA Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 62 LAMEA Capsule & Tablets Market by Country, 2017 - 2020, USD Million
TABLE 63 LAMEA Capsule & Tablets Market by Country, 2021 - 2027, USD Million
TABLE 64 LAMEA Liquid Market by Country, 2017 - 2020, USD Million
TABLE 65 LAMEA Liquid Market by Country, 2021 - 2027, USD Million
TABLE 66 LAMEA Powder Market by Country, 2017 - 2020, USD Million
TABLE 67 LAMEA Powder Market by Country, 2021 - 2027, USD Million
TABLE 68 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 69 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 70 LAMEA Nutraceuticals Market by Country, 2017 - 2020, USD Million
TABLE 71 LAMEA Nutraceuticals Market by Country, 2021 - 2027, USD Million
TABLE 72 Brazil Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 73 Brazil Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 74 Brazil Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 75 Brazil Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 76 Brazil Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 77 Brazil Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 78 Brazil Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 79 Brazil Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 80 Brazil Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 81 Brazil Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 82 Brazil Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 83 Brazil Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 84 Brazil Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 85 Brazil Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 86 Argentina Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 87 Argentina Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 88 Argentina Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 89 Argentina Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 90 Argentina Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 91 Argentina Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 92 Argentina Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 93 Argentina Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 94 Argentina Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 95 Argentina Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 96 Argentina Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 97 Argentina Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 98 Argentina Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 99 Argentina Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 100 UAE Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 101 UAE Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 102 UAE Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 103 UAE Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 104 UAE Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 105 UAE Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 106 UAE Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 107 UAE Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 108 UAE Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 109 UAE Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 110 UAE Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 111 UAE Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 112 UAE Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 113 UAE Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 114 Saudi Arabia Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 115 Saudi Arabia Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 116 Saudi Arabia Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 117 Saudi Arabia Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 118 Saudi Arabia Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 119 Saudi Arabia Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 120 Saudi Arabia Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 121 Saudi Arabia Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 122 Saudi Arabia Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 123 Saudi Arabia Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 124 Saudi Arabia Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 125 Saudi Arabia Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 126 Saudi Arabia Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 127 Saudi Arabia Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 128 South Africa Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 129 South Africa Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 130 South Africa Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 131 South Africa Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 132 South Africa Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 133 South Africa Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 134 South Africa Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 135 South Africa Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 136 South Africa Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 137 South Africa Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 138 South Africa Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 139 South Africa Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 140 South Africa Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 141 South Africa Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 142 Nigeria Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 143 Nigeria Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 144 Nigeria Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 145 Nigeria Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 146 Nigeria Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 147 Nigeria Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 148 Nigeria Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 149 Nigeria Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 150 Nigeria Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 151 Nigeria Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 152 Nigeria Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 153 Nigeria Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 154 Nigeria Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 155 Nigeria Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 156 Rest of LAMEA Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 157 Rest of LAMEA Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 158 Rest of LAMEA Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 159 Rest of LAMEA Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 160 Rest of LAMEA Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 161 Rest of LAMEA Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 162 Rest of LAMEA Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 163 Rest of LAMEA Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 164 Rest of LAMEA Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 165 Rest of LAMEA Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 166 Rest of LAMEA Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 167 Rest of LAMEA Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 168 Rest of LAMEA Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 169 Rest of LAMEA Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 170 Key Information – Nestle S.A.
TABLE 171 Key Information – General Mills, Inc.
TABLE 172 key Information – Archer Daniels Midland Company
TABLE 173 Key information – Danone S.A.
TABLE 174 Key Information – Koninklijke DSM N.V.
TABLE 175 key Information – International Flavors & Fragrances, Inc.
TABLE 176 Key information – Herbalife International, Inc.
TABLE 177 Key Information – The Hain Celestial Group, Inc.
TABLE 178 key information - Amway Corporation
TABLE 179 Key Information – Cargill Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018,Oct – 2021, Oct) Leading Players
FIG 5 Recent Strategies and Developments: Nestle S.A.
FIG 6 Recent Strategies and Development: Archer Daniels Midland Company
FIG 7 Recent Strategies and Developments: Koninklijke DSM N.V.
FIG 8 Recent Strategies and Developments: International Flavors & Fragrances, Inc.
FIG 9 Recent Strategies and Developments: Herbalife International, Inc.
FIG 10 Recent Strategies and Developments: Amway Corporation