The Latin America, Middle East and Africa Vitamin Supplements Market is expected to witness market growth of 11.0% CAGR during the forecast period (2021-2027).
The growth of vitamin supplements is further driven by the rapid pace of digitization in the retail sector. Moreover, the market is expected to witness bright growth prospects due to the growing popularity of herbal supplements. Vitamins such as vitamin A (retinol and carotenoids), B, C (ascorbic acid), D (cholecalciferol), and E are available in combination as well as in separate supplements. In addition, Vitamin A plays a crucial role in promoting muscular and ophthalmic health while vitamin E is beneficial in repairing DNA and boosting the immune system and vitamin D is highly required for better bone health.
Many health-conscious individuals in countries such as South Africa are highly demanding several dietary supplements which encourage many makers to develop several new products in order to satisfy this demand. Consumers in the developing countries of this region like UAE, South Africa, Argentina, Brazil and others are willing to purse a healthier lifestyle by including vitamins, nutrients, and other essential components in their day-to-day life. Further, the growing cases of infection, virus, and vitamin deficiency among the regional population is expected to further lucrative growth opportunities for the players operating in the regional vitamin supplements market.
The Brazil market dominated the LAMEA Vitamin Supplements Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1.92 billion by 2027. The Argentina market is poised to grow at a CAGR of 11.6% during (2021 - 2027). Additionally, The UAE market is expected to showcase a CAGR of 10.7% during (2021 - 2027).
Based on the Form, the Vitamin Supplements market is segmented into Tablets, Capsules, Gummies, Softgels, Powder, and Others. Based on the Distribution Channel, the Vitamin Supplements market is divided into Offline and Online. Based on the Type, the Vitamin Supplements market is segregated into Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Alticor Inc. (Amway Corporation), NOW Foods, Inc., Glanbia PLC, GlaxoSmithKline PLC (GSK), Pfizer, Inc., Bayer AG, Good Health New Zealand, Herbalife International, Inc., and The Bountiful Company (Nestlé SA).
Scope of the Study
Market Segments Covered in the Report:
By Form
- Tablets
- Capsules
- Gummies
- Softgels
- Powder
- Others
By Distribution Channel
- Offline
- Online
By Type
- Multivitamin
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- Alticor Inc. (Amway Corporation)
- NOW Foods, Inc.
- Glanbia PLC
- GlaxoSmithKline PLC (GSK)
- Pfizer, Inc.
- Bayer AG
- Good Health New Zealand
- Herbalife International, Inc.
- The Bountiful Company (Nestlé SA)
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Companies Mentioned
- Abbott Laboratories
- Alticor Inc. (Amway Corporation)
- NOW Foods, Inc.
- Glanbia PLC
- GlaxoSmithKline PLC (GSK)
- Pfizer, Inc.
- Bayer AG
- Good Health New Zealand
- Herbalife International, Inc.
- The Bountiful Company (Nestlé SA)
Methodology
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