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...