Latin America Nutrition & Dietary Supplements Market Analysis & Forecast Report, 2018-2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 13, 2018--The “Latin America Nutrition & Dietary Supplements Market Size, Share & Trends Analysis Report By Formulation, By Function (Medical Foods, Sports Nutrition), By Consumer, By Country, And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The Latin America nutrition and dietary supplements market size is expected to reach USD 47.5 billion by 2025 and 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.
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.
Key Topics Covered:
Chapter 1 Research Methodology
1.1 Information Procurement
1.2 Primary Research
Chapter 2 Executive Summary
2.1 Latin America Market Snapshot, (USD Million), 2016
Chapter 3 Latin America Nutrition and Dietary Supplements Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.2.1 Rising geriatric population
3.2.2 Growing prevalence of lifestyle diseases
3.2.3 Increasing purchase power
3.3 Market Restraint Analysis
3.3.1 Lack of harmonized regulatory network
3.4 Penetration & Growth Prospect Mapping
3.5 Latin America Nutrition and Dietary Supplements Market - SWOT Analysis, by Factor (Political & Legal, Economic & Technological)
3.6 Industry Analysis - Porter’s
3.7 Regulatory Scenario
Chapter 4 Latin America Nutrition and Dietary Supplements Market: Formulation Estimates & Trend Analysis
4.1 Latin America Nutrition and Dietary Supplements Market: Formulation Movement Analysis
4.6 Soft Gel
Chapter 5 Latin America Nutrition and Dietary Supplements Market: Function Estimates & Trend Analysis
5.1 Latin America Nutrition and Dietary Supplements Market: Function Movement Analysis
5.2 Medical Foods
5.3 Sports Nutrition
5.4 Additional Supplements
5.4.1 Latin America additional supplements market estimates and forecasts, 2014 - 2025 (USD Million)
5.4.2 Dietary Supplements
220.127.116.11 Amino Acid
5.4.3 Functional Foods
Chapter 6 Latin America Nutrition and Dietary Supplements Market: Consumer Type Estimates & Trend Analysis
6.1 Latin America Nutrition and Dietary Supplements Market: Consumer Type Movement Analysis
Chapter 7 Latin America Nutrition and Dietary Supplements Market: Country Estimates & Trend Analysis, by Formulation, Functions & Consumer Type
7.1 Latin America Nutrition and Dietary Supplements Market: Regional Movement Analysis
7.2 Latin America
7.2.9 Costa Rica
Chapter 8 Competitive LandscapeHerbalife International of America, Inc. Amway International (Alticor Inc.) Bayer AG Sanofi Abbott Nutrition (Abbott) Nestle Pfizer, Inc. GNC Holdings, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/xlvhlr/latin_america?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005935/en/
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Related Topics:Vitamins and Dietary Supplements,Health Food and Sports Nutrition,Nutraceuticals and Weight Loss
KEYWORD: CENTRAL AMERICA SOUTH AMERICA
INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION
SOURCE: Research and Markets
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PUB: 11/13/2018 11:46 AM/DISC: 11/13/2018 11:46 AM