Brazil Nutritional Supplements Market Size Expands at CAGR of More Than 5% to Surpass USD 590 Million & 298,000 Tons by 2030

Brazil Nutritional Supplements Market is flourishing because of an increasing focus on the management of rising prevalence of lifestyle diseases and growing health awareness.

Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated the Brazil Nutritional Supplements Market size at USD 389.81 million in 2023. During the forecast period between 2024 and 2030, Report Ocean expects the Brazil Nutritional Supplements Market size to expand at a CAGR of 5.17% reaching a value of USD 590.07 million by 2030. By volume, Report Ocean estimated the Brazil Nutritional Supplements Market size at 247,830 tons in 2023. During the forecast period between 2024 and 2030, Report Ocean expects the Brazil Nutritional Supplements Market size to expand at a CAGR of 5.55% reaching the volume of 298,120 tons by 2030. Growing rates of non-communicable diseases (NCDs) and lifestyle illnesses brought on by unhealthy eating patterns, as well as increased public health consciousness, are significant growth drivers for the Brazil Nutritional Supplements Market.

Opportunity: Rising demand for dietary supplements

Based on product type, the Brazil Nutritional Supplements Market is segmented into sports nutrition, dietary supplements, fat burner, functional food, and others. The dietary supplements segment holds the largest share in the Brazil Nutritional Supplements Market. Multivitamin supplements are widely consumed as they diminish insufficiencies in micronutrient intake. Several factors are associated with low micronutrient intake, such as pregnancy, older age, and health conditions that prevent the body from absorbing nutrients. A significant rate of malnutrition in Brazil is directly influencing the growth of dietary supplements in the country.

Brazil Nutritional Supplements Market

Segmental Coverage

Brazil Nutritional Supplements Market - By Distribution Channel

Based on the distribution channel, the Brazil Nutritional Supplements Market is segmented into supermarkets/hypermarkets, specialty stores, pharmacies, e-commerce, and others. The supermarkets/hypermarkets segment dominates the Brazil nutritional supplements market which allows access to a wide range of products under one roof as well as offers discounts to its customers. However, online distribution channels are anticipated to register the highest growth rate during the forecast period owing to the increasing number of websites and platforms that offer nutritional supplements and the growing popularity of online payments.

Competitive Landscape

Major players operating in the Brazil Nutritional Supplements Market include Ach? Laborat?rios, Neo Qu?mica, Natre Nutrifarma, Herbalife, Nestl?, GNC, Bayer, BioTech, and EMS. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Brazil Nutritional Supplements Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Brazil Nutritional Supplements Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.