Thumbnail

South America Nutraceutical Market - Growth, Trends and Forecasts (2020 - 2025)

Looking to buy the report?

Market Insights

The South America nutraceuticals market is estimated to register a CAGR of 6.7% during the forecast period (2017-2022). Currently, the market value is USD 6.23 billion, which is expected to reach USD XX billion by 2022. Latin America is an emerging market for nutraceutical products, owing to an increase in the health and wellness products’ consumption, making the region a very attractive market.

Utilization of innovative nutraceutical ingredients is the current market trend. Health products for weight management are witnessing the highest growth and profit margins, owing to the inclusion of cutting-edge ingredients, like Yacon root; which is the latest weight management natural ingredient used in nutraceuticals, in the South American countries.

 Market Dynamics

The South America nutraceutical market is demonstrating immense growth and opportunities for nutraceutical production and its various applications. The favorable economic situation and rising disposable incomes are the major driving factors for this market’s growth. In addition, the growing health concerns among consumers and the increasing awareness of nutraceuticals further boost the market. However, the strict government regulation regarding nutaceutical production and application are restricting this market. Natural nutraceuticals’ demand for food and beverage is a big opportunity for the South American market.

Market Segmentation

The South America nutraceutical market is segmented into three major categories -by type, application and geography. By type, phytochemicals and plant extracts are the top categories, followed by probiotics, prebiotics, omega 3 & structured lipids, fibers & specialty carbohydrates, protein, vitamins, and minerals.  By application, functional food is the largest segment, followed by functional beverage, dietary supplements and others. Brazil is the largest market in South America, followed by Argentina, Peru and Colombia.

Regional Analysis

Brazil and Argentina are the major markets of the South American nutraceutical industry; Argentina is slated to witness a CAGR of 7.1% during the forecast period. Functional dairy products hold the highest market value in the Brazilian market.  Major products in this category include fortified flavored milk drinks, fortified yogurt and probiotic yogurt. Baby foods, fortified confectionary, and breakfast cereals also have a major share in the Brazilian functional food market.

Investment Opportunities

Brazil and Argentina are the fastest emerging markets for nutraceutical products. The algal-based omega-3 fatty acid, which is a natural algal extract, is the new trend in the nutraceutical market. Omega-3 is a highly consumed nutraceutical, owing to its association with prevention and treatment of many diseases. Moreover, the application of algal-based omega-3 fatty acid in various food, drinks and pharmaceuticals is rapidly opening up a great investment opportunity in the region. The omega-3 market scope covers production, extraction, fortification and other functions, in this region.

Competitive Environment

ADM, DuPont, Cargill, Inc., Royal DSM, and BASF SE are some of the market leaders in the South American Nutraceutical market. These leaders hold a major share of the nutaceuticals market in South America. Product innovations, technological advancements, partnerships, mergers, acquisitions, market expansion and categories’ expansion, are the major market strategies followed by the market leaders.

Key Deliverables in the Study

  • Market analysis for the South America nutraceutical market, with region-specific assessments and competition analysis on a country scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors at a regional level.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions, where this industry is growing, and identify the regions that are still untapped.

 

Looking to buy the report?

Want some specific customizations?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message