Market Size of South America Nutraceuticals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South America Nutraceutical Market Analysis
The South American nutraceuticals market is projected to register a CAGR of 8.1%, during the forecast period, 2020 - 2025.
- The rising demand for nutraceuticals with medical benefits is one of the major factors driving the nutraceuticals market growth. They contain antioxidants, probiotics, and polyunsaturated fatty acids, which help in managing health issues, like obesity, CVD, cancer, cholesterol, arthritis, and diabetes. In addition, the growing preference for personalized nutrition is another key nutraceuticals market trends, which may further stimulate market growth. The trend of personalized nutrition is growing, particularly among individuals with gut-related medical conditions, where generic treatment is not effective.
- However, the biggest issue faced by nutraceutical companies operating in the South American countries is complying with the stringent health country's regulations. Unlike the many countries throughout the world, these countries have very stringent regulations governing the sale of dietary supplements.
