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Latin America Herbal Supplements Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
The Latin America herbal supplements marketgrew at a CAGR of 7% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit continuous growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Herbal supplements refer to plant-based dietary additives that are primarily extracted from natural raw materials, such as moringa, turmeric, ginger, echinacea, flaxseed, saw palmetto, chamomile, etc. These supplements offer numerous therapeutic benefits based on the high content of minerals, enzymes, amino acids, and vitamins, which are essential for the human body. Herbal supplements commonly act as antiseptics, antibiotics, anti-depressants, and anti-inflammatory agents. These supplements are widely available in the form of tablets, capsules, liquid, powder, granules, and soft gels.
In Latin America, the growing consumer consciousness towards maintaining good health and wellbeing is currently driving the market for herbal supplements. Additionally, the high prevalence of numerous lifestyle ailments, such as obesity, diabetes, cardiovascular disorders, gastrointestinal diseases, etc., is also propelling the product demand. Furthermore, the changing consumer inclination from chemical-based drugs towards naturally-sourced alternatives with minimal side effects and long-term disease prevention is further catalyzing the market growth in Latin America. Additionally, the rising expenditures on preventive healthcare products are further augmenting the market growth. furthermore, the emergence of naturopathy coupled with the rising demand for organic and vegan product variants will continue to catalyze the market for herbal supplements in Latin America over the forecasted period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America herbal supplements market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on product type, formulation and consumer.
Breakup by Product Type:
Moringa
Echinacea
Flaxseeds
Turmeric
Ginger
Ginseng
Others
Breakup by Formulation:
Tablets
Capsules
Liquid
Powder and Granules
Soft Gels
Others
Breakup by Consumer:
Pregnant Women
Adult
Pediatric
Geriatric
Breakup by Country:
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Amway International Inc., GNC Holdings Inc (Harbin Pharmaceutical Group Co. Ltd.), Herbalife International of America Inc., Jarrow Formulas Inc, Natulab Laboratório S/A, Now Health Group Inc., Nutraceutical International Corporation, Sanofi SA, The Clorox Company and The Nature's Bounty Co.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2020
Historical Period
2015-2020
Forecast Period
2021-2026
Units
US$ Billion
Segment Coverage
Product Type, Formulation, Consumer, Country
Countries Covered
Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Companies Covered
Amway International Inc., GNC Holdings Inc (Harbin Pharmaceutical Group Co. Ltd.), Herbalife International of America Inc., Jarrow Formulas Inc, Natulab Laboratório S/A, Now Health Group Inc., Nutraceutical International Corporation, Sanofi SA, The Clorox Company and The Nature's Bounty Co.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
How has the Latin America herbal supplements market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the impact of COVID-19 on Latin America herbal supplements market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the formulation?
What is the breakup of the market based on the consumer?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the Latin America herbal supplements market and who are the key players?
What is the degree of competition in the market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology 3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends 5 Latin America Herbal Supplements Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast 6 Market Breakup by Product Type
6.1 Moringa
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Echinacea
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Flaxseeds
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Turmeric
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Ginger
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Ginseng
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast 7 Market Breakup by Formulation
7.1 Tablets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Capsules
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Liquid
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Powder and Granules
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Soft Gels
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast 8 Market Breakup by Consumer
8.1 Pregnant Women
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Adult
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Paediatric
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Geriatric
8.4.1 Market Trends
8.4.2 Market Forecast 9 Market Breakup by Country
9.1 Brazil
9.1.1 Market Trends
9.1.2 Market Breakup by Product Type
9.1.3 Market Breakup by Formulation
9.1.4 Market Breakup by Consumer
9.1.5 Market Forecast
9.2 Mexico
9.2.1 Market Trends
9.2.2 Market Breakup by Product Type
9.2.3 Market Breakup by Formulation
9.2.4 Market Breakup by Consumer
9.2.5 Market Forecast
9.3 Argentina
9.3.1 Market Trends
9.3.2 Market Breakup by Product Type
9.3.3 Market Breakup by Formulation
9.3.4 Market Breakup by Consumer
9.3.5 Market Forecast
9.4 Colombia
9.4.1 Market Trends
9.4.2 Market Breakup by Product Type
9.4.3 Market Breakup by Formulation
9.4.4 Market Breakup by Consumer
9.4.5 Market Forecast
9.5 Chile
9.5.1 Market Trends
9.5.2 Market Breakup by Product Type
9.5.3 Market Breakup by Formulation
9.5.4 Market Breakup by Consumer
9.5.5 Market Forecast
9.6 Peru
9.6.1 Market Trends
9.6.2 Market Breakup by Product Type
9.6.3 Market Breakup by Formulation
9.6.4 Market Breakup by Consumer
9.6.5 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Breakup by Product Type
9.7.3 Market Breakup by Formulation
9.7.4 Market Breakup by Consumer
9.7.5 Market Forecast 10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats 11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes 13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Amway International Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 GNC Holdings Inc. (Harbin Pharmaceutical Group Co. Ltd.).
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Herbalife International of America Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Jarrow Formulas Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Natulab Laboratório S/A.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Now Health Group Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Nutraceutical International Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Sanofi SA.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 The Clorox Company.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 The Nature's Bounty Co.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 SWOT Analysis
List of Figures
Figure 1: Latin America: Herbal Supplements Market: Major Drivers and Challenges
Figure 2: Latin America: Herbal Supplements Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Latin America: Herbal Supplements Market: Breakup by Product Type (in %), 2020
Figure 4: Latin America: Herbal Supplements Market: Breakup by Formulation (in %), 2020
Figure 5: Latin America: Herbal Supplements Market: Breakup by Consumer (in %), 2020
Figure 6: Latin America: Herbal Supplements Market: Breakup by Country (in %), 2020
Figure 7: Latin America: Herbal Supplements Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Latin America: Herbal Supplements (Moringa) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 9: Latin America: Herbal Supplements (Moringa) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Latin America: Herbal Supplements (Echinacea) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 11: Latin America: Herbal Supplements (Echinacea) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 12: Latin America: Herbal Supplements (Flaxseeds) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 13: Latin America: Herbal Supplements (Flaxseeds) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 14: Latin America: Herbal Supplements (Turmeric) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 15: Latin America: Herbal Supplements (Turmeric) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 16: Latin America: Herbal Supplements (Ginger) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 17: Latin America: Herbal Supplements (Ginger) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 18: Latin America: Herbal Supplements (Ginseng) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 19: Latin America: Herbal Supplements (Ginseng) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 20: Latin America: Herbal Supplements (Other Product Types) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 21: Latin America: Herbal Supplements (Other Product Types) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 22: Latin America: Herbal Supplements (Tablets) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 23: Latin America: Herbal Supplements (Tablets) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 24: Latin America: Herbal Supplements (Capsules) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 25: Latin America: Herbal Supplements (Capsules) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 26: Latin America: Herbal Supplements (Liquid) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 27: Latin America: Herbal Supplements (Liquid) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 28: Latin America: Herbal Supplements (Powder and Granules) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 29: Latin America: Herbal Supplements (Powder and Granules) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 30: Latin America: Herbal Supplements (Soft Gels) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 31: Latin America: Herbal Supplements (Soft Gels) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 32: Latin America: Herbal Supplements (Other Formulation) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 33: Latin America: Herbal Supplements (Other Formulation) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 34: Latin America: Herbal Supplements (Pregnant Women) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 35: Latin America: Herbal Supplements (Pregnant Women) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 36: Latin America: Herbal Supplements (Adult) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 37: Latin America: Herbal Supplements (Adult) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 38: Latin America: Herbal Supplements (Paediatric) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 39: Latin America: Herbal Supplements (Paediatric) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 40: Latin America: Herbal Supplements (Geriatric) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 41: Latin America: Herbal Supplements (Geriatric) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 42: Brazil: Herbal Supplements Market: Sales Value (in Billion US$), 2015 & 2020
Figure 43: Brazil: Herbal Supplements Market: Breakup by Product Type (in %), 2020
Figure 44: Brazil: Herbal Supplements Market: Breakup by Formulation (in %), 2020
Figure 45: Brazil: Herbal Supplements Market: Breakup by Consumer (in %), 2020
Figure 46: Brazil: Herbal Supplements Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 47: Mexico: Herbal Supplements Market: Sales Value (in Billion US$), 2015 & 2020
Figure 48: Mexico: Herbal Supplements Market: Breakup by Product Type (in %), 2020
Figure 49: Mexico: Herbal Supplements Market: Breakup by Formulation (in %), 2020
Figure 50: Mexico: Herbal Supplements Market: Breakup by Consumer (in %), 2020
Figure 51: Mexico: Herbal Supplements Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 52: Argentina: Herbal Supplements Market: Sales Value (in Billion US$), 2015 & 2020
Figure 53: Argentina: Herbal Supplements Market: Breakup by Product Type (in %), 2020
Figure 54: Argentina: Herbal Supplements Market: Breakup by Formulation (in %), 2020
Figure 55: Argentina: Herbal Supplements Market: Breakup by Consumer (in %), 2020
Figure 56: Argentina: Herbal Supplements Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 57: Colombia: Herbal Supplements Market: Sales Value (in Billion US$), 2015 & 2020
Figure 58: Colombia: Herbal Supplements Market: Breakup by Product Type (in %), 2020
Figure 59: Colombia: Herbal Supplements Market: Breakup by Formulation (in %), 2020
Figure 60: Colombia: Herbal Supplements Market: Breakup by Consumer (in %), 2020
Figure 61: Colombia: Herbal Supplements Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 62: Chile: Herbal Supplements Market: Sales Value (in Billion US$), 2015 & 2020
Figure 63: Chile: Herbal Supplements Market: Breakup by Product Type (in %), 2020
Figure 64: Chile: Herbal Supplements Market: Breakup by Formulation (in %), 2020
Figure 65: Chile: Herbal Supplements Market: Breakup by Consumer (in %), 2020
Figure 66: Chile: Herbal Supplements Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 67: Peru: Herbal Supplements Market: Sales Value (in Billion US$), 2015 & 2020
Figure 68: Peru: Herbal Supplements Market: Breakup by Product Type (in %), 2020
Figure 69: Peru: Herbal Supplements Market: Breakup by Formulation (in %), 2020
Figure 70: Peru: Herbal Supplements Market: Breakup by Consumer (in %), 2020
Figure 71: Peru: Herbal Supplements Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 72: Others: Herbal Supplements Market: Sales Value (in Billion US$), 2015 & 2020
Figure 73: Others: Herbal Supplements Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 74: Latin America: Herbal Supplements Industry: SWOT Analysis
Figure 75: Latin America: Herbal Supplements Industry: Value Chain Analysis
Figure 76: Latin America: Herbal Supplements Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Latin America: Herbal Supplements Market: Key Industry Highlights, 2020 and 2026
Table 2: Latin America: Herbal Supplements Market Forecast: Breakup by Product Type (in Billion US$), 2021-2026
Table 3: Latin America: Herbal Supplements Market Forecast: Breakup by Formulation (in Billion US$), 2021-2026
Table 4: Latin America: Herbal Supplements Market Forecast: Breakup by Consumer (in Billion US$), 2021-2026
Table 5: Latin America: Herbal Supplements Market Forecast: Breakup by Country (in Billion US$), 2021-2026
Table 6: Latin America: Herbal Supplements Market: Competitive Structure
Table 7: Latin America: Herbal Supplements Market: Key Players
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