Latin America Dietary Supplement Market 2019-2028

MARKET OUTLOOK

As per an analysis by a new report, the dietary supplement market in Latin America is expected to show growth at a CAGR of 6.56% in the estimated period 2019-2028.
Brazil, Mexico and Rest of Latin America together form the dietary supplement market in Latin America.

Brazil is a country with a young & growing population and a diverse economic base. Consumers in Brazil can now afford to buy these products. The rapidly increasing middle class, their growing disposable income and advanced technologies are driving the growth of the dietary supplement market in Brazil. Natural local ingredients, like guarana or yerba mate, are found in plenty in the country. The presence of these products is likely to create tremendous investment opportunities for corporations in Brazil. The better-educated middle-class population in the country is increasingly willing to spend money on dietary supplements, which are perceived as lifestyle accessories and help in having healthier lives, thereby aiding the market growth over the projected period.

The Brazilian government is making efforts to launch health awareness campaigns, that are targeted towards lifestyle disorders like obesity and diabetes. Due to these initiatives, customers are now opting for blood-sugar and weight-management regulating supplements. The Brazilian Health Regulatory Agency (Anvisa) released regulated regulations regarding the development of the dietary supplement market in 2018. The increasing efforts of the Brazilian government favoring the dietary supplement market are influencing the market growth in the region positively.

COMPETITIVE OUTLOOK

Some of the major players in the dietary supplement market are General Nutrition Centers Inc, Blackmores Group, Bayer AG, GlaxoSmithKline plc, Sanofi, Suntory Holdings Limited and Amway.

1. Latin America Dietary Supplement Market - Summary

2. Industry Outlook

2.1. Market Definition
2.2. Key Insights
2.2.1. Surging Demand for Multivitamin Tablets
2.2.2. Increase in Aging Population Worldwide
2.3. Porter's Five Force Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Key Impact Analysis
2.5. Impact of Covid on Dietary Supplements
2.6. Market Attractiveness Index
2.7. Vendor Scorecard
2.8. Market Drivers
2.8.1. Raised Demand for Supplements in Health and Wellness Industry
2.8.2. Promising Outlook Towards Sports Nutrition
2.8.3. Burgeoning Interest in Medical Nutrition
2.8.4. Rise in Prevalence of Active Living
2.9. Market Restraints
2.9.1. Accessibility of Counterfeit Products
2.9.2. Regulatory Concerns Affects the Market Growth
2.10. Market Opportunities
2.10.1. Budding Demand for Nutraceutical Products in E-Commerce Domain
2.10.2. Growing Attention Towards Plant-Based Supplements
2.11. Market Challenges
2.11.1. Escalating Demand for Functional Foods
2.11.2. Damaging Publicity Affecting the Overall Market

3. Latin America Dietary Supplement Market Outlook - by Ingredients

3.1. Botanicals
3.2. Vitamins
3.3. Minerals
3.4. Amino Acids
3.5. Enzymes
3.6. Others

4. Latin America Dietary Supplement Market Outlook - by Product

4.1. Tablets
4.2. Capsules
4.3. Powder
4.4. Liquids
4.5. Soft Gels
4.6. Gel Caps

5. Latin America Dietary Supplement Market Outlook - by Application

5.1. Additional Supplements
5.2. Medicinal Supplements
5.3. Sports Nutrition

6. Latin America Dietary Supplement Market Outlook - by End-User

6.1. Infant
6.2. Children
6.3. Adults
6.4. Pregnant Women
6.5. Old-Aged

7. Latin America Dietary Supplement Market – Regional Outlook

7.1. Brazil
7.2. Mexico
7.3. Rest of Latin America

8. Competitive Landscape

8.1. Abbott
8.2. Bayer AG
8.3. Glanbia plc
8.4. GlaxoSmithKline plc
8.5. Herbalife International Inc
8.6. Merck Kgaa
8.7. Otsuka Holdings Co Ltd
8.8. Pfizer Inc
8.9. Reckitt Benckiser Group plc
8.10. Sanofi
8.11. Suntory Holdings Limited
8.12. Nature's Bounty
8.13. Amway
8.14. General Nutrition Centers Inc
8.15. Blackmores Group

9. Methodology & Scope

9.1. Research Scope
9.2. Sources of Data
9.3. Research Methodology

List of Tables

Table 1: Latin America Dietary Supplement Market, by Country, 2019-2028 (In $ Million)
Table 2: Market Attractiveness Index
Table 3: Vendor Scorecard
Table 4: Latin America Dietary Supplement Market, by Country, 2019-2028 (In $ Million)
Table 5: Latin America Dietary Supplement Market, by Ingredients, 2019-2028 (In $ Million)
Table 6: Latin America Dietary Supplement Market, by Product, 2019-2028 (In $ Million)
Table 7: Latin America Dietary Supplement Market, by Application, 2019-2028 (In $ Million)
Table 8: Latin America Dietary Supplement Market, by End-User, 2019-2028 (In $ Million)

List of Figures

Figure 1: Latin America Dietary Supplement Market, by Ingredients, 2018 & 2028 (In %)
Figure 2: Porter's Five Force Analysis
Figure 3: Key Buying Impact Analysis
Figure 4: Latin America Dietary Supplement Market, by Botanicals, 2019-2028 (In $ Million)
Figure 5: Latin America Dietary Supplement Market, by Vitamins, 2019-2028 (In $ Million)
Figure 6: Latin America Dietary Supplement Market, by Minerals, 2019-2028 (In $ Million)
Figure 7: Latin America Dietary Supplement Market, by Amino Acids, 2019-2028 (In $ Million)
Figure 8: Latin America Dietary Supplement Market, by Enzymes, 2019-2028 (In $ Million)
Figure 9: Latin America Dietary Supplement Market, by Other Ingredients, 2019-2028 (In $ Million)
Figure 10: Latin America Dietary Supplement Market, by Tablets, 2019-2028 (In $ Million)
Figure 11: Latin America Dietary Supplement Market, by Capsules, 2019-2028 (In $ Million)
Figure 12: Latin America Dietary Supplement Market, by Powder, 2019-2028 (In $ Million)
Figure 13: Latin America Dietary Supplement Market, by Liquids, 2019-2028 (In $ Million)
Figure 14: Latin America Dietary Supplement Market, by Soft Gels, 2019-2028 (In $ Million)
Figure 15: Latin America Dietary Supplement Market, by Gel Caps, 2019-2028 (In $ Million)
Figure 16: Latin America Dietary Supplement Market, by Additional Supplements, 2019-2028 (In $ Million)
Figure 17: Latin America Dietary Supplement Market, by Medicinal Supplements, 2019-2028 (In $ Million)
Figure 18: Latin America Dietary Supplement Market, by Sports Nutrition, 2019-2028 (In $ Million)
Figure 19: Latin America Dietary Supplement Market, by Infant, 2019-2028 (In $ Million)
Figure 20: Latin America Dietary Supplement Market, by Children, 2019-2028 (In $ Million)
Figure 21: Latin America Dietary Supplement Market, by Adults, 2019-2028 (In $ Million)
Figure 22: Latin America Dietary Supplement Market, by Pregnant Women, 2019-2028 (In $ Million)
Figure 23: Latin America Dietary Supplement Market, by Old-Aged, 2019-2028 (In $ Million)
Figure 24: Latin America Dietary Supplement Market, Regional Outlook, 2018 & 2028 (In %)
Figure 25: Brazil Dietary Supplement Market, 2019-2028 (In $ Million)
Figure 26: Mexico Dietary Supplement Market, 2019-2028 (In $ Million)
Figure 27: Rest of Latin America Dietary Supplement Market, 2019-2028 (In $ Million)