Peru Dietary Supplements Market Size & Outlook, 2023-2030
Peru dietary supplements market, 2018-2030 (US$M)
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Peru dietary supplements market highlights
- The Peru dietary supplements market generated a revenue of USD 788.2 million in 2023 and is expected to reach USD 1,732.3 million by 2030.
- The Peru market is expected to grow at a CAGR of 11.9% 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 788.2 million |
| Market revenue in 2030 | USD 1,732.3 million |
| Growth rate | 11.9% (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, Peru accounted for 0.4% 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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Peru 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 30.23% in 2023. Horizon Databook has segmented the Peru 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.
The dietary supplements market in Peru is fragmented, with the presence of international and domestic market players. To maintain a competitive edge, product manufacturers are investing heavily in R&D activities. Probiotic supplements are expected to witness considerable demand over the forecast period as consumers in the country are increasingly becoming aware of the importance of maintaining digestive and gut health.
Furthermore, intense competition in the probiotic supplements space in the country is encouraging brands such as Yakult and Vitagen to innovate their product offerings. Such developments are expected to favor the growth of the dietary supplements market in the country over the forecast period.
Consumers in Peru prefer purchasing dietary supplements over-the-counter, unless prescribed by medical practitioners. Grocery retail has contributed significantly to the growth of the OTC segment over the past few years. The expansion of the online segment in the country is another factor contributing to the growth of the OTC segment.
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Horizon Databook provides a detailed overview of country-level data and insights on the Peru dietary supplements market , including forecasts for subscribers. This country databook contains high-level insights into Peru dietary supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Peru dietary supplements market size, by ingredient, 2018-2030 (US$M)
Peru Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)
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