Peru Dietary Supplements Market Size & Outlook, 2023-2030

The dietary supplements market in Peru is expected to reach a projected revenue of US$ 1,732.3 million by 2030. A compound annual growth rate of 11.9% is expected of Peru dietary supplements market from 2024 to 2030.
Revenue, 2023 (US$M)
$788.2
Forecast, 2030 (US$M)
$1,732.3
CAGR, 2024 - 2030
11.9%
Report Coverage
Peru

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 2023USD 788.2 million
Market revenue in 2030USD 1,732.3 million
Growth rate11.9% (CAGR from 2023 to 2030)
Largest segmentVitamins
Fastest growing segmentProtiens & Amino Acids
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationVitamins, Botanicals, Minerals, Protiens & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids
Key market players worldwideAmway 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.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Dietary Supplements Market Companies

Name Profile # Employees HQ Website

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.

Reasons to subscribe to Peru dietary supplements market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Peru dietary supplements market databook

  • Our clientele includes a mix of dietary supplements market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 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.

Partial client list

  • logo

Peru dietary supplements market size, by ingredient, 2018-2030 (US$M)

Peru Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)

Peru dietary supplements market size, by ingredient, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more