Nutraceuticals Product Market in Latin America Is Expected to Reach Us$7.8 Bn by 2017

Transparency Market

Research

Nutraceuticals Product Market: Latin America Market Size,

Segment And Country Analysis And Forecasts (2007-2017)

Published Date

20-02-2012

77 Page Report

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Press Release

Latin America Nutraceuticals Market: Increasing Disposable Income of

Brazil’s Middle Class to Drive Demand, says TMR

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Nutraceuticals Product Market

REPORT DESCRIPTION

The Latin America nutraceutical products market is likely to grow smoothly in the coming years due to the

conducive environment created by the rising health awareness among the region’s population. According

to Transparency Market Research, the Latin America nutraceuticals market is expected to exhibit a steady

4.20% CAGR from 2007 to 2017, with the market’s valuation is expected to rise to US$7.8 bn by the end of

2017.

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Rising Demand for Protein and Vitamin Supplements to Ensure Dominance of Dietary

Supplements Segment

By product type, the Latin America market for nutraceutical products is segmented into functional food,

functional beverages, and dietary supplements. Of these, dietary supplements are the leading contributor

to the Latin America nutraceuticals market and are likely to retain the dominant position till the end of

2017. Within dietary supplements, proteins and peptides are the key revenue generator for the Latin

America nutraceuticals industry, followed by vitamins and minerals, herbals, and non-herbals. Apart from

dietary supplements, the functional beverages segment is also likely to exhibit rapid growth over the

forecast period due to the convenience of adding nutritional compounds to beverages.

Geographically, Brazil is...