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Latin America Wellness Supplements Market By Products (Dietary Supplements Such As Vitamin, Mineral, Protein And Herbal, Fortified Food & Beverages Such As Omega Fatty Acid, Probiotic Food, Branded Iodinated Salt, Branded Wheat Flour, Energy Drinks, Sports Drinks And Fortified Juices, Food Intolerance Products Such As Gluten-free, Lactose-free And Diabetic Food And Dermo-Cosmetic Skin Essentials Such As Anti-Aging, Anti-Cellulite And Anti-Acne Supplements), and By Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 2645
Pages: 145

Latin America Wellness Supplements Market Growth and Forecast (2022 - 2027):

Latin America Wellness Supplements Market was worth USD 24.91 billion in 2021 and estimated to be growing at a CAGR of 7.3%, to reach USD 35.42 billion by 2026.

Market Overview:

Supplements are additional vitamins, minerals, fatty acids or similar nutrients that are consumed in tandem with a balanced diet to provide the body with extra nutrients. They should not be used for the treatment of any disease or its prevention with the exception being vitamins that can be administered in appropriate quantities by trained medical personnel.

There are more than 50000 different varieties of wellness supplements available. The most dominant company producing wellness supplements cannot be mentioned as there is no single distinct leader in the wellness supplements market as each product segment is dominated by a different player. In addition to the consumed dietary supplements, wellness supplements also consist of beauty products such as Anti-Aging and Anti-Acne products.

Drivers and Restraints:

The rise of the wellness supplements market in the Latin America region is driven by the rising healthcare costs. With the prevalence of chronic diseases growing, the amount of money people spend on healthcare is also increasing. As such people are turning their attention from disease care to disease prevention. As such the demand for wellness supplements is increasing. The rising geriatric population is another factor that drives the market. However, regulatory compliance is expected to restrain the market upto some extent along with the high costs associated with supplements.

Latin America Wellness Supplements Market Segmentation Analysis:

The Latin America Wellness Supplements market is broadly classified based on products into Dietary Supplements such as Vitamin, Mineral, Protein and Herbal, Fortified Food & Beverages such as Omega Fatty Acid, Probiotic Food, Branded Iodinated Salt, Branded Wheat Flour, Energy Drinks, Sports Drinks and Fortified Juices, Food Intolerance Products such as Gluten-free, Lactose-free and Diabetic food and Dermo-Cosmetic Skin Essentials such as Anti-Aging, Anti-Cellulite and Anti-Acne Supplements.

Region Analysis:

Geographically the Latin America Wellness Supplements Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Other Latin America markets also form a minor part of the region. The region is one of the most promising markets in coming years with the developing economies of the countries in the region. This is evident from the high CAGR of the region which is second only to Asia-Pacific.

Key Players in the Market:

Major Key Players in the Latin America Wellness Supplements Market are

  • Nestle S.A. (Switzerland)
  • Abbott Laboratories (U.S.)
  • Amway (U.S.)
  • Otsuka Holdings Co., Ltd. (Japan)
  • Herbalife Ltd. (U.S.)
  • Archer Daniels Midland Company (U.S.)
  • Glanbia plc (Ireland)
  • NBTY, Inc. (U.S.)
  • GNC Holdings Inc. (U.S.)
  • Nu Skin Enterprises, Inc. (U.S.)
  • Grupo Omnilife (Mexico)
  • Forever Living (U.S.)
  • Pola, Inc. (Japan)
  • Shaklee Corporation (U.S.)
  • Usana Health Sciences Inc. (U.S.)
  1. Introduction

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods  

                1.4 General Study Assumptions                

  1. 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                          

  1. Overview

                3.1 Executive Summary                

                3.2 Key Inferences                                         

  1. 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                              

  1. Market Segmentation

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 Dietary Supplements          

                                5.1.3 Fortified Food & Beverages             

                                5.1.4 Food Intolerance Products               

                                5.1.5 Dermo-Cosmetic Skin Essentials    

                                5.1.6 Y-o-Y Growth Analysis, By Product 

                                5.1.7 Market Attractiveness Analysis, By Product   

                                5.1.8 Market Share Analysis, By Product               

  1. 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 Product

                                6.1.4 Market Attractiveness Analysis      

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                6.1.5 Market Share Analysis       

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

  1. 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     

  1. Market Leaders' Analysis

                8.1 Nestle                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Abbott Laboratories               

                8.3 Amway                         

                8.4 Otsuka Holdings                       

                8.5 Herbalife                     

                8.6 Archer Daniels Midland Company                     

                8.7 Glanbia Inc.                

                8.8 NBTY Inc.                     

                8.9 GNC Holdings                            

                8.10 Nu Skin Enterprises                              

  1. 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                         

  1. Market Outlook and Investment Opportunities

Appendix                                           

  1. a) List of Tables
  2. b) List of Figures

 

  1. Latin America Wellness Supplements Market By Products, From 2022 - 2027 ( USD Billion )
  2. Latin America Dietary Supplements Market By Region, From 2022 - 2027 ( USD Billion )
  3. Latin America Fortified Food & Beverages Market By Region, From 2022 - 2027 ( USD Billion )
  4. Latin America Food Intolerance Products Market By Region, From 2022 - 2027 ( USD Billion )
  5. Latin America Dermo-Cosmetic Skin Essentials Market By Region, From 2022 - 2027 ( USD Billion )
  6. Brazil Wellness Supplements Market By Products, From 2022 - 2027 ( USD Billion )
  7. Argentina Wellness Supplements Market By Products, From 2022 - 2027 ( USD Billion )
  8. Mexico Wellness Supplements Market By Products, From 2022 - 2027 ( USD Billion )
  9. Rest of Latin America Wellness Supplements Market By Products, From 2022 - 2027 ( USD Billion )
  10. Latin America Wellness Supplements Market By Products, From 2022 - 2027 ( USD Billion )
  11. Latin America Vitamin Market By Region, From 2022 - 2027 ( USD Billion )
  12. Latin America Minerals Market By Region, From 2022 - 2027 ( USD Billion )
  13. Latin America Proteins Market By Region, From 2022 - 2027 ( USD Billion )
  14. Latin America Herbal Market By Region, From 2022 - 2027 ( USD Billion )
  15. Latin America Anti-Aging Market By Region, From 2022 - 2027 ( USD Billion )
  16. Latin America Anti-Cellulite Market By Region, From 2022 - 2027 ( USD Billion )
  17. Latin America Anti-Acne Market By Region, From 2022 - 2027 ( USD Billion )
  18. Latin America Gluten-free Market By Region, From 2022 - 2027 ( USD Billion )
  19. Latin America Lactose-Free Market By Region, From 2022 - 2027 ( USD Billion )
  20. Latin America Diabetic Food Market By Region, From 2022 - 2027 ( USD Billion )
  21. Brazil Wellness Supplements Market By Products, From 2022 - 2027 ( USD Billion )
  22. Argentina Wellness Supplements Market By Products, From 2022 - 2027 ( USD Billion )
  23. Mexico Wellness Supplements Market By Products, From 2022 - 2027 ( USD Billion )

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