Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Latin America Herbal Supplements Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Latin America herbal supplements market grew 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        

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links