LATIN AMERICA DIETARY SUPPLEMENT MARKET 2019-2028

Consumer Goods & Services | Food & Beverages

LATIN AMERICA DIETARY SUPPLEMENT MARKET 2019-2028

Market By Ingredients, Product, Application, End-user And Geography | Forecast 2019-2028

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An analysis by Triton Market Research states that the dietary supplement market in Latin America will propel at a CAGR of 6.56%, in the forecasting period 2019-2028.

The countries reviewed in the Latin American dietary supplement market are:

           Mexico

           Brazil

           Rest of Latin America



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Mexico is among the highest-ranking countries considering the obese population due to the higher consumption of sugar-heavy drinks and fatty food. Hence, people are now increasingly seeking weight loss and other supplementary products, that can help in the prevention of obesity-related diseases. Meal replacement or slimming products, and herbal & traditional products are some popular dietary supplements products adopted in Mexico. A considerable share of the omega-3 oils in the country is offered in dietary supplements, infant formulas, and the food & beverage segment. People are also increasingly consuming vitamin and mineral supplements for improving general health in Mexico. Among the total population, women use these specialty supplements at a higher rate. These developments are likely to push the demand for dietary supplements in the Mexican market.

The presence of big retail players, including GNC, coupled with multilevel marketing companies, such as Herbalife, is influencing the vitamins & supplements distribution rate in Mexico positively. The corporations are trying to bring in all the innovations of the US into the country, particularly in the vitamins & supplements market. Mexico has been importing a lot of supplements from the US. All these factors are expected to proliferate the growth of the dietary supplement market in the region over the coming years.

Pfizer Inc is a global biopharmaceutical company that is involved in the development of healthcare products, medicines, vaccines and therapies. The company offers these products to treat different conditions, including neuroscience & pain, inflammation & immunology, cardiovascular & metabolic and oncology. The company sells its prescription medicines through wholesalers, retailers, clinics, pharmacies, hospitals and government agencies. Pfizer provides its products in several regions, including Latin America.

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Table of Content

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 table

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)

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