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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.
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:
Breakup by Formulation:
Breakup by Consumer:
Breakup by Country:
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.
|Base Year of the Analysis||2020|
|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)|
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