San Francisco, 14
September 2018: The Latin
America nutrition and dietary supplements market size is expected to reach USD 47.5 billion by 2025,
according to a new report by Grand View Research, Inc. It is anticipated to
expand at a CAGR of 8.8% over the forecast period. Growing expenditure on
nutrition and dietary supplements, disposable income, and consumer awareness
are some of the key market drivers. Changing regulatory framework to ensure
drug safety in Latin American countries such as Mexico and Argentina is also
expected to positively impact market growth in the forthcoming years.
Growing demand for nutrition and dietary
supplements among geriatric population is also one of the considerable market
drivers. Nutrition plays a vital role in maintaining health of geriatric
population and has a significant impact on aging process. Risk of malnutrition,
functional impairments, age-related diseases, and physical inabilities are
prevalent among elderly population. These issues might interfere with healthy
nutritional status of an individual. Thus, dependence on these supplements has
increased over the past few years.
Growing middle class population coupled
with high spending on nutrition and dietary supplements is a key driver for the
market. There are nearly 300 million middle-class people in Latin America. This
number has more than doubled over the period of past 30 years representing a
rise in consumer buying power. This factor is anticipated to positively
impacting market expansion over the forecast period.
Access
Research Report of Latin America Nutrition
& Dietary Supplements Market @ www.grandviewresearch.com/industry-analysis/latin-america-nutrition-dietary-supplements-market
Further key findings from the report suggest:
· Additional supplements segment accounted
for the largest revenue share in 2016 owing to rising awareness, spending on
supplements, and various initiatives undertaken to prevent malnutrition
· Powder emerged as the largest formulation
segment in terms of revenue share in 2016 owing to ease of consumption as
compared to other formulations. However, the others segment that includes
gummies, lollipops, lozenges, and shots is projected to expand at the fastest
CAGR
· Adult emerged as the largest consumer
segment in 2016 while children segment is expected to witness lucrative CAGR
over the forecast period
· In terms of geography, Brazil accounted for
the largest revenue share in 2016. Argentina is expected to expand at the
fastest CAGR in near future
· Herbalife; Bayer AG; Pfizer, Inc.; and
Merck are the major players operating in the Latin America nutrition and
dietary supplements market. The market is majorly dominated by multinational
companies. However, domestic players are also increasingly investing in this
market.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the Latin
America nutrition and dietary supplements market on the basis of function,
formulation, consumer, and country:
Latin America Nutrition and Dietary
Supplements Function Outlook (Revenue, USD Million, 2014 - 2025)
·
Medical Foods
·
Sports Nutrition
·
Additional Supplements
o
Functional Foods
o
Dietary Supplements
o
Vitamin
o
Mineral
o
Enzymes
o
Amino Acids
o
Others
Latin America Nutrition and Dietary
Supplements Formulation Outlook (Revenue, USD Million, 2014 - 2025)
·
Tablets
·
Capsules
·
Liquid
·
Powder
·
Soft Gel
·
Others
Latin America Nutrition and Dietary
Supplements Consumer Outlook (Revenue, USD Million, 2014 - 2025)
·
Infant
·
Children
·
Adult
·
Pregnant
·
Geriatric
Latin America Nutrition and Dietary
Supplements Country Outlook (Revenue, USD Million, 2014 - 2025)
·
Latin America
o
Brazil
o
Mexico
o
Argentina
o
Chile
o
Columbia
o
Costa Rica
o
Venezuela
Access Press Release of
Latin America Nutrition & Dietary Supplements Market@ www.grandviewresearch.com/press-release/latin-america-nutrition-dietary-supplements-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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Information: www.grandviewresearch.com
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