Market Size of South America Dietary Supplement Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Dietary Supplement Market Analysis
South America Dietary Supplement market is projected to grow at a CAGR of 7.7% during the forecast period (2020 - 2025).
- The dietary supplements market is preliminarily driven by the paradigm shift towards preventive health management practices amid rising healthcare costs and the increasing burden of lifestyle diseases.
- Consumers in South America have a greater understanding of the relationship between diet and health, which is fueling the growth in the industry. Besides, the increased purchasing power of the middle class in recent years is triggering market growth.
- The consumers in South America are more influenced by strong advertising and promotional initiatives conducted by the companies, as well as the retail distributors.
