Growing
health consciousness among people in Latin America has created an
environment perfectly suitable for the Latin
America nutraceuticals product market to thrive. Transparency
Market Research, a leading U.S.-based market intelligence firm,
recently published a report titled “Nutraceuticals Product Market:
Latin America Market Size, Segment And Country Analysis And Forecasts
(2007-2017)”. This is a 77-page report that analyzes the market
dynamics for nutraceuticals product in Latin America.
According
to the findings of the report, the market for nutraceuticals in Latin
America is poised to register a positive 4.2% CAGR between 2007 and
2017. The market was valued at US$6.6 billion in 2007 and the market
is expected to reach US$7.8 billion by 2017. This is a comprehensive
publication focusing on the market dynamics. It discusses in detail
various parameters of growth, market hindrances, and opportunities
for the market players to capitalize on. Analysts have observed and
evaluated every aspect impacting the growth trajectory of the market
minutely to provide refined forecasts. Growth of the Latin America
nutraceuticals market is stirred by multiple factors. The report
identifies the rising cost of healthcare, a boost in the number of
entrepreneurs foraying into the nutraceuticals industry, growing
health consciousness among consumers, and introduction of different
effective products to be the major causes driving the market. High
demand for vitamin and protein dietary supplements is also expected
to boost the market.
To
provide a detailed executive-level overview of the market, the report
has sourced information from present and past financial records of
key vendors, present market trend analysis, historical data and
statistics, and insights from experienced industry experts. On the
basis of information, the analysts have compiled the report
comprehensively. The report identifies Argentina, Chile, Brazil,
Columbia, Venezuela, and Peru as the most important markets for
nutraceuticals in Latin America. Among these geographical segments,
Brazil holds a significant position. The market for nutraceuticals in
Brazil will account for 24.4% of the overall market by 2017.
Increasing disposable income of the local population would majorly
impact the demand for nutraceuticals in Brazil.
Dominance
of regional powers is very apparent in Latin America. Mexico and
Brazil, for instance, have clearly exhibited rapid economic
development in the last few years. Robust growth of economies across
Latin America has led to high demand for health and fitness products,
which is in turn reflected in the high demand for nutraceuticals from
Latin America.
Download
Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=170
In order to present a detailed analysis of the market encompassing its every aspect, the report segments the market into functional food, functional beverages, and dietary supplements on the basis of product types. The market for dietary supplements is considered to have benefitted the overall demand generated by nutraceuticals companies in Latin America to a great extent. This segment is further sub-divided into proteins and peptides, herbals, vitamin and mineral, non-herbals, and others.
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