Latin America Herbal Supplements Market By Source (Leaves, Barks, Roots, Fruits & Vegetables), By Application (Pharmaceuticals, Personal Care, Food & Beverages), By Function (Medicinal, Aroma), By Form (Powder, Syrups, Oils, Capsules & Tablets) And By Region - Latin America Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)

Latin America Herbal Supplements Market By Source (Leaves, Barks, Roots, Fruits & Vegetables), By Application (Pharmaceuticals, Personal Care, Food & Beverages), By Function (Medicinal, Aroma), By Form (Powder, Syrups, Oils, Capsules & Tablets) And By Region - Latin America Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)

ID: 7316 | Pages: 145 | April 2018 | Region: Latin America


Latin America Herbal Supplements Market was worth USD 8 billion in 2018 and estimated to be growing at a CAGR of 7.2%, to reach USD 11.32 billion by 2023. Herbal Supplements are non-pharmaceutical, non-food substances that are marketed to improve health.

Plants have many nutritional as well as medicinal benefits, and they were used in medicinal treatment since time immemorial. The use of herbal remedies is more prevalent in patients with chronic diseases such as cancer, diabetes, asthma and end-stage renal disease. Herbal remedies are seen by some as a treatment to be preferred to pure medical compounds that have been industrially produced. There are many forms in which herbs can be administered, the most common of which is in the form of a liquid that is drunk by the patient—either an herbal tea or a plant extract.

Factors accountable for driving the market are increasing healthcare expenditure as well as increasing awareness regarding diet and healthcare, increasingly sedentary lifestyle, growing mental and health disorders and growing demand for functional food. On the other hand, high cost of raw materials stringent regulations and some side effects caused by herbal supplements are confining the growth of market.

The Latin America market for Herbal Supplements is segmented based on Source, Application, Function and Form. Based on Source – Leaves, Barks, Roots, Fruits & Vegetables. Based on Application – Pharmaceuticals, Personal Care, and Food & Beverages. Based on Functions - Medicinal, Aroma. Based on Form - Powder, Syrups, Oils, Capsules & Tablets. Based on Geographical analysis the market is separated into regions of Brazil, Argentina, Mexico and Rest of Latin America. Brazil is leading the market. Presence of market leaders as well increasing individual awareness regarding the health have fuelled the dominance of Brazil in the market. Argentina is expected to grow the fastest due to increasing adoption rate as well as increasing consumer awareness regarding the health issues. Capsules and Tablets held the major share in the market in Form segment due to their accessibility and ease of administration. Medicinal herbal supplements hold the major share in the market in terms of functions owing to their efficacy, safety and minimal side effects. Pharmaceutical applications is expected to grow the fastest due to consumer’s reliability in quality and effectiveness of the herbal medicines.

Some of the key players dominating this market include Archer Daniels Midland Company, Glanbia plc, Herbalife International of America, Inc., Blackmores, and Nutraceutical International Corporation, NBTY Inc., Arizona Natural Products, Ricola, NaturaLife Asia Co., Ltd., and Bio-Botanica Inc.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Source                          

                                5.1.1 Introduction           

                                5.1.2 Leaves      

                                5.1.3 Barks         

                                5.1.4 Roots         

                                5.1.5 Fruits & Vegetables             

                                5.1.6 Others      

                                5.1.7  Y-o-Y Growth Analysis, By Source                

                                5.1.8  Market Attractiveness Analysis, By Source              

                                5.1.9  Market Share Analysis, By Source                

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Pharmaceuticals   

                                5.2.3 Personal Care        

                                5.2.4 Food & Beverage 

                                5.2.5 Other Applications               

                                5.2.6 Y-o-Y Growth Analysis, By Application         

                                5.2.7 Market Attractiveness Analysis, By Application       

                                5.2.8 Market Share Analysis, By Application        

                5.3 Function                      

                                5.3.1 Introduction           

                                5.3.2 Medicinal 

                                5.3.3 Aroma       

                                5.3.4 Other Functions    

                                5.3.5 Y-o-Y Growth Analysis, By Function              

                                5.3.6  Market Attractiveness Analysis, By Function           

                                5.3.7  Market Share Analysis, By Function            

                5.4 Form                             

                                5.4.1 Introduction           

                                5.4.2 Powder    

                                5.4.3 Syrups       

                                5.4.4 Oils             

                                5.4.5 Capsules & Tablets              

                                5.4.6 Other Forms           

                                5.4.7 Y-o-Y Growth Analysis, By Form     

                                5.4.8  Market Attractiveness Analysis, By Form  

                                5.4.9  Market Share Analysis, By Form   

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Source

                                                6.1.3.3 By Application

                                                6.1.3.4 By Function

                                                6.1.3.5 By Form

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Source

                                                6.1.4.3 By Application

                                                6.1.4.4 By Function

                                                6.1.4.5 By Form

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Source

                                                6.1.5.3 By Application

                                                6.1.5.4 By Function

                                                6.1.5.5 By Form

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Archer Daniels Midland Company                     

                                8.1.1 Overview 

                                8.1.2 Source Analysis     

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Glanbia plc                  

                8.3 Herbalife International of America, Inc.                         

                8.4 Blackmores                 

                8.5 Nutraceutical International Corporation                        

                8.6 NBTY Inc.                     

                8.7 Arizona Natural Products                      

                8.8 Ricola                            

                8.9 NaturaLife Asia Co., Ltd.                        

                8.10 Bio-Botanica Inc.                    

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Application  with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. Latin America Herbal Supplements Market By Source, From 2018-2023( USD Billion )
  2. Latin America Leaves Market By Region, From 2018-2023( USD Billion )
  3. Latin America Barks Market By Region, From 2018-2023( USD Billion )
  4. Latin America Roots Market By Region, From 2018-2023( USD Billion )
  5. Latin America Fruits & Vegetables Market By Region, From 2018-2023( USD Billion )
  6. Latin America Others Market By Region, From 2018-2023( USD Billion )
  7. Latin America Herbal Supplements Market By Application, From 2018-2023( USD Billion )
  8. Latin America Pharmaceuticals Market By Region, From 2018-2023( USD Billion )
  9. Latin America Personal Care Market By Region, From 2018-2023( USD Billion )
  10. Latin America Food & Beverages Market By Region, From 2018-2023( USD Billion )
  11. Latin America Other Applications Market By Region, From 2018-2023( USD Billion )
  12. Latin America Herbal Supplements Market By Function, From 2018-2023( USD Billion )
  13. Latin America Medicinal Market By Region, From 2018-2023( USD Billion )
  14. Latin America Aroma Market By Region, From 2018-2023( USD Billion )
  15. Latin America Other Functions Market By Region, From 2018-2023( USD Billion )
  16. Latin America Herbal Supplements Market By Form, From 2018-2023( USD Billion )
  17. Latin America Powder Market By Region, From 2018-2023( USD Billion )
  18. Latin America Syrups Market By Region, From 2018-2023( USD Billion )
  19. Latin America Oils Market By Region, From 2018-2023( USD Billion )
  20. Latin America Capsules & Tablets Market By Region, From 2018-2023( USD Billion )
  21. Latin America Other Forms Market By Region, From 2018-2023( USD Billion )
  22. Brazil Herbal Supplements Market By Source, From 2018-2023( USD Billion )
  23. Brazil Herbal Supplements Market By Application, From 2018-2023( USD Billion )
  24. Brazil Herbal Supplements Market By Function, From 2018-2023( USD Billion )
  25. Brazil Herbal Supplements Market By Form, From 2018-2023( USD Billion )
  26. Argentina Herbal Supplements Market By Source, From 2018-2023( USD Billion )
  27. Argentina Herbal Supplements Market By Application, From 2018-2023( USD Billion )
  28. Argentina Herbal Supplements Market By Function, From 2018-2023( USD Billion )
  29. Argentina Herbal Supplements Market By Form, From 2018-2023( USD Billion )
  30. Mexico Herbal Supplements Market By Source, From 2018-2023( USD Billion )
  31. Mexico Herbal Supplements Market By Application, From 2018-2023( USD Billion )
  32. Mexico Herbal Supplements Market By Function, From 2018-2023( USD Billion )
  33. Mexico Herbal Supplements Market By Form, From 2018-2023( USD Billion )
  34. Rest of Latin America Herbal Supplements Market By Source, From 2018-2023( USD Billion )
  35. Rest of Latin America Herbal Supplements Market By Application, From 2018-2023( USD Billion )
  36. Rest of Latin America Herbal Supplements Market By Function, From 2018-2023( USD Billion )
  37. Rest of Latin America Herbal Supplements Market By Form, From 2018-2023( USD Billion )
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