Dietary supplements contain dietary ingredients to improve their nutritional worth. Many people use dietary supplements to help them lead a healthy lifestyle. These supplements are typically used to replenish missing nutrients while maintaining adequate dietary levels in the body. In recent years, health and fitness has picked up as a trend due to rising prevalence of various diseases, such as cancer and cardiovascular disorders, and several medical conditions, such as diabetes, high blood pressure, obesity, and high cholesterol. All these have resulted in rising popularity of dietary supplements across the region. People have become more aware and concerned about their health and physique over the last few years. Millions of people of various age groups, backgrounds, and geographies are embracing fitness to better their physical health and overall well-being, which is boosting the demand for dietary supplements substantially. Furthermore, social media also plays a significant role in fitness motivation and influencing self-improvement. For instance, social media platforms, such as Instagram, Twitter, and Pinterest, have boosted the popularity of the health and fitness industry, with many celebrities and influencers introducing users to new fitness regimes and dietary supplements, highlighting the benefits they offer to their physical and mental health, in turn, aiding the dietary supplement demand. Additionally, people's increased interest in bodybuilding and athletics is fueling the popularity of supplements. Athletes are becoming more inclined toward dietary supplements for assistance in improving endurance and performance while also maintaining health. This factor is driving the demand for dietary supplements significantly across SAM region.
The COVID-19 pandemic negatively influenced countries, including Brazil, followed by Ecuador, Chile, Peru, and Argentina in SAM. The governments in SAM have taken an array of actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. Consumers are gravitating toward immunity-boosting and nutritious products as the number of instances of COVID-19 rises. Moreover, due to the sudden impact of the COVID-19 pandemic, the market has seen a boom in demand for products that provide digestive and immune health. As a result, sales of supplements including protein, vitamins, omega-3 fatty acids, and others surged. Further, manufacturers focused on growing sales by enticing customers to shop online instead to meet rising demand while keeping safety standards. Further, the demand for dietary supplements surged during the COVID-19 pandemic due to the high demand for health supplements to boost immunity.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM dietary supplements market`. The SAM dietary supplements market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 11,329.34 Million |
| Market Size by 2028 | US$ 17,007.25 Million |
| CAGR (2021 - 2028) | 6.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Dietary Supplements Market is valued at US$ 11,329.34 Million in 2021, it is projected to reach US$ 17,007.25 Million by 2028.
As per our report South America Dietary Supplements Market, the market size is valued at US$ 11,329.34 Million in 2021, projecting it to reach US$ 17,007.25 Million by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.
The South America Dietary Supplements Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Dietary Supplements Market report:
The South America Dietary Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Dietary Supplements Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Dietary Supplements Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Dietary Supplements Market
