South America Dietary Supplements Market

The SAM dietary supplements market is expected to grow from US$ 11,329.34 million in 2021 to US$ 17,007.25 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.

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. 

SAM Dietary Supplements Market Revenue and Forecast to 2028 (US$ Million)

    

South America Dietary Supplements Strategic Insights

Strategic insights for the South America Dietary Supplements provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Dietary Supplements Report Scope

South America Dietary Supplements Regional Insights

The geographic scope of the South America Dietary Supplements refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

SAM Dietary Supplements Market Segmentation

SAM Dietary Supplements Market – By Type

• Vitamins
• Minerals
• Proteins and Amino Acids
• Probiotics
• Blends
• Others

SAM Dietary Supplements Market – By

Form

• Tablets
• Capsules and Softgels
• Powders
• Others

SAM Dietary Supplements Market – By

Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others

SAM Dietary Supplements Market, by Country

• Brazil
• Argentina   
• Rest of SAM

SAM Dietary Supplements Market - Companies Mentioned

• Abbott
• Amway Corp.
• Bayer AG 
• GlaxoSmithKline plc. 
• Otsuka Holdings Co., Ltd
• Pfizer Inc.
• The Bountiful Compan