Increasing disposable income coupled with growing awareness towards sports, fitness and healthier lifestyle has propelled the demand for dietary supplements market in the Latin America region. Further, rising government initiatives regarding health awareness primarily regarding obesity and diabetes would push the market demand for dietary supplements throughout the coming years.
According to 6Wresearch, Latin America Dietary Supplements market size is anticipated to register growth during 2019-25. In the overall Latin America dietary supplements market, Brazil has captured a major share of market revenue pie in 2018 owing to increasing demand for sports supplements in the country and is expected to lead throughout the forecast period as well. However, Argentina is expected to witness the highest market growth over the coming years due to the growing demand for vitamin and fatty acids dietary supplements among the geriatric population.
Drug stores would be the major distribution channel in the Latin America region owing to the rising healthcare prescriptions by the doctors. However, the online distribution channel is expected to gain market during the next six years due to growing manufacturers' partnerships with the online channel partners which result in a decline in prices leading to a surge in sales.
The Latin America dietary supplements market report thoroughly covers the market by ingredients, form, end-user, distribution channel, applications, and regions. The Latin America dietary supplements market outlook report provides an unbiased and detailed analysis of the on-going Latin America dietary supplements market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
In the Latin America Dietary Supplements market is covered with the overall nutritional status has been improved significantly role, more initiatives are going to add the required to address public health concerns such as malnutrition, vitamin A deficiency, anemia, and stunting. Various organizations such as public and private are undertaking initiatives to address these health concerns in Latin America. Thus, the demand for nutrient and dietary supplements is projected to rise in this region. Nutrition International is the NGO dedicated to tackling all malnutrition which is the greatest health concern globally.
This organization has undertaken initiatives in Central and South American countries such as Guatemala and Bolivia for addressing malnutrition. According to the instance, the Government of Bolivia initiated a Programa Multisectorial Desnutrición Cero (PMDC) or Multi-Sectoral Zero Malnutrition Program in collaboration with Nutrition International is used to increase the growth rate. This program is focused on Vitamin A, iron-folic acid and for the pregnant women and children under five years faced the micronutrient interventions.
Obesity is another health challenge in Latin America. According to the estimates published by Lancet, there were around 300 million overweight adults in Latin America in 2014. Out of this, approximately 100 million people were obese. Thus, the demand for nutritional supplements for managing obesity is expected to rise in the forthcoming years.
Key Highlights of the Report:
- Latin America Dietary Supplements Market Overview
- Latin America Dietary Supplements Market Outlook
- Latin America Dietary Supplements Market Forecast
- Historical Data of Latin America Dietary Supplements Market Revenues & Volume for the Period 2015-2018
- Latin America Dietary Supplements Market Size and Latin America Dietary Supplements Market Forecast of Revenues & Volume, Until 2025
- Historical Data of Latin America Dietary Supplements Market Revenues & Volume, by Ingredients, for the Period 2015-2018
- Market Size & Forecast of Latin America Dietary Supplements Market Revenues & Volume, by Ingredients, Until 2025
- Historical Data of Latin America Dietary Supplements Market Revenues & Volume, by Form, for the Period 2015-2018
- Market Size & Forecast of Latin America Dietary Supplements Market Revenues & Volume, by Form, Until 2025
- Historical Data of Latin America Dietary Supplements Market Revenues and Volume, By Applications, for the Period 2015-2018
- Market Size & Forecast of Latin America Dietary Supplements Market Revenues and Volume, By Applications, Until 2025
- Historical Data of Latin America Dietary Supplements Market Revenues and Volume, By End User, for the Period 2015-2018
- Market Size & Forecast of Latin America Dietary Supplements Market Revenues and Volume, By End User, Until 2025
- Historical Data of Latin America Dietary Supplements Market Revenues and Volume, By Distribution Channel, for the Period 2015-2018
- Market Size & Forecast of Latin America Dietary Supplements Market Revenues and Volume, By Distribution Channel, Until 2025
- Historical Data of Mexico Dietary Supplements Market Revenues and Volume, for the Period 2015-2018
- Market Size & Forecast of Mexico Dietary Supplements Market Revenues and Volume, Until 2025
- Historical Data of Brazil Dietary Supplements Market Revenues and Volume, for the Period 2015-2018
- Market Size & Forecast of Brazil Dietary Supplements Market Revenues and Volume, Until 2025
- Historical Data of Argentina Dietary Supplements Market Revenues and Volume, for the Period 2015-2018
- Market Size & Forecast of Argentina Dietary Supplements Market Revenues and Volume, Until 2025
- Market Drivers and Restraints
- Latin America Dietary Supplements Market Price Trends
- Latin America Dietary Supplements Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Latin America Dietary Supplements Market Share, By Players
- Latin America Dietary Supplements Market Share, By Regions
- Latin America Dietary Supplements Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
Latin America Dietary Supplements Market report provides a detailed analysis of the following market segments:
- By Ingredients:
- Botanicals
- Vitamins
- Minerals
- Fatty Acids
- Others
- By Forms:
- Tablets
- Capsules
- Powder
- Liquid
- Soft gels
- Gel capsules
- Others
- By End User:
- Adults
- Geriatric
- Pregnant Women
- Children
- Other
- By Applications:
- Sport Supplements
- Medicinal Supplements
- Additional Supplements
- By Distribution Channel:
- Hospital Pharmacies & Drug Stores
- Supermarkets & Hypermarkets
- Online
- Others
- By Countries:
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Other Key Reports Available:
-
- Mexico Dietary Supplements Market Report
- Brazil Dietary Supplements Market Report
- Argentina Dietary Supplements Market Report
