Chile Dietary Supplements Market Size & Outlook, 2023-2030
Chile dietary supplements market, 2018-2030 (US$M)
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Chile dietary supplements market highlights
- The Chile dietary supplements market generated a revenue of USD 1,026.2 million in 2023 and is expected to reach USD 2,067.4 million by 2030.
- The Chile market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating ingredient in 2023.
- Protiens & Amino Acids is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Dietary supplements market data book summary
| Market revenue in 2023 | USD 1,026.2 million |
| Market revenue in 2030 | USD 2,067.4 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Protiens & Amino Acids |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Botanicals, Minerals, Protiens & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids |
| Key market players worldwide | Amway Malaysia Holdings, Abbott Laboratories, Bayer AG, Glanbia PLC, Pfizer Inc, Archer-Daniels Midland Co, Nu Skin Enterprises Inc Class A, GlaxoSmithKline, Herbalife Ltd, Natures Sunshine Products Inc, DuPont de Nemours Inc, Nestle SA, NOW Foods, RBK Nutraceuticals, Goodhealth |
Other key industry trends
- In terms of revenue, Chile accounted for 0.6% of the global dietary supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil dietary supplements market is projected to lead the regional market in terms of revenue in 2030.
- Peru is the fastest growing regional market in Latin America and is projected to reach USD 1,732.3 million by 2030.
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Dietary Supplements Market Scope
Dietary Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Chile dietary supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dietary supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 30.37% in 2023. Horizon Databook has segmented the Chile dietary supplements market based on vitamins, botanicals, minerals, protiens & amino acids, fibers & specialty carbohydrates, omega fatty acids covering the revenue growth of each sub-segment from 2018 to 2030.
Lifestyle changes have played a crucial role in the growth of the dietary supplements market. Urbanization, busy work schedules, and the rising prevalence of sedentary lifestyles have led to dietary imbalances and deficiencies. Many individuals use dietary supplements such as vitamins, minerals, and other essential nutrients to bridge the nutritional gaps in their diets. Economic factors also play a role in the market's growth.
Chile has experienced stable economic growth in recent years, leading to an increase in disposable income for many households. This has allowed consumers to invest in their health and well-being, including purchasing dietary supplements.
Additionally, regulatory measures and quality control in Chile have improved, ensuring the safety and efficacy of dietary supplements available in the market. Consumers are increasingly confident in the products they purchase, further encouraging their use.
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Our clientele includes a mix of dietary supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Chile dietary supplements market , including forecasts for subscribers. This country databook contains high-level insights into Chile dietary supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Chile dietary supplements market size, by ingredient, 2018-2030 (US$M)
Chile Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)
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