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 |
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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.
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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