South America Dietary Supplements Market Research Report, 2027

Most people take dietary supplements under the feeling that it will increase energy, maintain strength, enhance performance, maintain health, bodybuilding, and prevent nutritional deficiencies. Suppose a woman cannot get all the dietary requirements from her daily food intake. However, capsules, and tablets cannot replace a healthy balanced diet. The emphasize, therefore, must be on maintaining a diet high in vegetables or fruits. There is definite scientific evidence that some dietary supplements are beneficial for the maintenance of health and for managing some health conditions. For example, women planning a pregnancy should take folic acid (vitamin B9) since it decreases the risk of specific congenital disabilities. Postmenopausal women need calcium and Vitamin D to keep bones strong and reduce bone loss. The Multivitamin supplements contain a combination of vitamins and minerals and sometimes other ingredients. They can be available as tablets, capsules or syrups, and powders. The vitamins and minerals in these formulations have unique roles in the body and are prescribed only in certain conditions where the woman cannot obtain these from the diet. The classic multivitamin or minerals formulation is the B-complex, folic acid (vitamins), and iron (mineral), prescribed for pregnant women.

According to the report titled “South America Dietary Supplements Market Research Report, 2027", published by Actual Market Research, The South America dietary supplements market size was valued at USD 13.01 Billion in 2021 and is expected to boost at a CAGR of more than 9% from 2022 to 2027.

The Dietary Supplements Health and Education Act significantly changed the Food Drug Administration's role in regulating supplement labeling. Dietary supplements are products that people use to add essential nutrients or other compounds to their bodies. From individual vitamins and minerals to blends of lots of nutrients and herbs, there are numerous dietary supplement products on the market that claim to provide specific health benefits. Brazil primarily drives Central& South America with rising demand for health supplements. Increasing investments in manufacturing facilities and R&D activities by market players in the region will likely support the market growth. In March 2020, the Wiley Company formulated its first Omega-3 concentrate powder in Central South America, developed without moving away from poverty. People are becoming more conscious of leading a healthy lifestyle.

Brazil was the worst-impacted country during the pandemic, it had the maximum number of death, and this has made the population more alert in terms of maintaining a healthy diet and supplementing their food with nutritional supplements to complete their dietary requirements, which has been the key to the growth of the market in the country. Argentina is expected to register the fastest CAGR over the forecast period, from 2022 to 2027. Increased disposable incomes, improved living standards, and raising awareness of a healthy and well-supplemented diet. Argentina is the most effective dietary supplements market and will witness comparably higher years. Nutrition plays a vital role in maintaining the senior population's health and significantly impacts aging. High malnutrition, functional impairments, age-related diseases, and physical inabilities are prevalent among the elderly. The Colombians are using more vitamins, minerals, and dietary supplements to conquer the challenges of modern life affecting the body and mental health via diet, a faster way of life, stress, and contamination. Adult emerged as the largest consumer segment in 2016, while the children segment is expected to witness lucrative CAGR growth during the forecast period 2022-2027. These dietary supplements have helped in the reduction of genetic disability risk, preterm birth, and low birth weight while at the same time helping women to maintain their health during pregnancy. 

Covid impact 
Coronavirus disease (COVID-19) has caused global disruption and a significant loss of life. Existing treatments that can be repurposed as prophylactic and therapeutic agents may reduce the pandemics' devastation. The Emerging evidence of potential applications in other therapeutic contexts has led to the investigation of dietary supplements and COVID-19. Such products include ascorbic acid, vitamin D, omega-three polyunsaturated fatty acids, probiotics, and zinc which are currently under clinical investigation. Critically appraise the evidence surrounding dietary supplements for the prevention and treatment of coronavirus. It is required before evidence-based recommendations can be formulated, but nutritional status plays a significant role in patient outcomes, and these dietary supplements may help alleviate deficiencies.

Major Companies present in the market:
Herbalife Nutrition, AMWAY Corp., Bayer AG, Pfizer Inc., GlaxoSmithKline plc., Abbott Laboratories, Glanbia plc, Archer Daniels Midland Company, Nu Skin Enterprises, Inc., Nature’s Sunshine Products, Inc., Stepan Company, DSM, BASF SE

Considered in this report
• Geography: South America
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• South America Dietary Supplements Market with its value and forecast along with its segments
• Country wise Dietary Supplements market analysis
• Application wise Dietary Supplements distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• Brazil
• Argentina
• Colombia

Based on type of dietary supplementsin the report:
• Vitamins
• Minerals
• Botanical/herb supplements
• Amino acid & proteins
• Probiotics
• Others

Based on formulation type of dietary supplementsin the report:
• Tablets
• Capsules
• Powder
• Liquid
• Others
Based on end user of dietary supplementsin the report:
• Adults
• Infant/Children
• Pregnant women
• Others

Based on application type in the report:
• Energy & weight management
• Bone & joint health
• Immunity & digestive health
• General health
• Cardiac health
• Others

Based on distribution channel type in the report:
• Pharmacies & Drug stores
• Supermarkets & Hypermarkets
• Online retails
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to pharmaceutical industry, food & beverage industry, cosmetic industry, nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.