Latin America Nutritional Supplements Market expected to expand at a CAGR of 8.1% from 2022 to 2030
Latin America Nutritional Supplements Industry Overview The Latin America nutritional supplements market size is projected to reach USD 97.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 8.1% from 2022 to 2030. Latin America has been a developing region, with a high burden of chronic diseases and obesity. The current prevalence of which is more than 60% across the region. According to ALANUR, the national consumption of nutritional supplements in Brazil is more than 59%, of which 42% market is for vitamins alone. This shift in the focus towards higher consumption, aiming at overall health has been driving the growth of the market. Latin America Nutritional Supplements Market Segmentation Grand View Research has segmented the Latin America nutritional supplements market based on product, formulation, consumer, and country: Based on the Product Insights, the mark...