Chile Vitamin Supplements Market Size & Outlook, 2022-2030
Chile vitamin supplements market, 2017-2030 (US$M)
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Chile vitamin supplements market highlights
- The Chile vitamin supplements market generated a revenue of USD 223.2 million in 2022 and is expected to reach USD 416.4 million by 2030.
- The Chile market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, multivitamin was the largest revenue generating type in 2022.
- Multivitamin is the most lucrative type segment registering the fastest growth during the forecast period.
Vitamin supplements market data book summary
| Market revenue in 2022 | USD 223.2 million |
| Market revenue in 2030 | USD 416.4 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Multivitamin |
| Fastest growing segment | Multivitamin |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K |
| Key market players worldwide | Glanbia PLC, Pfizer Inc, Bayer AG, Amway Malaysia Holdings, GlaxoSmithKline, Nestle SA, NOW Foods, Abbott Laboratories, Herbalife Ltd, Natures Sunshine Products Inc, Nu Skin Enterprises Inc Class A, Pharmavite, Good Health, RBK Nutraceuticals |
Other key industry trends
- In terms of revenue, Chile accounted for 0.5% of the global vitamin supplements market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil vitamin supplements market is projected to lead the regional market in terms of revenue in 2030.
- Chile is the fastest growing regional market in Latin America and is projected to reach USD 416.4 million by 2030.
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Vitamin Supplements Market Scope
Vitamin Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Chile vitamin 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 vitamin supplements market will help companies and investors design strategic landscapes.
Multivitamin was the largest segment with a revenue share of 48.16% in 2022. Horizon Databook has segmented the Chile vitamin supplements market based on multivitamin, vitamin a, vitamin b, vitamin c, vitamin d, vitamin e, vitamin k covering the revenue growth of each sub-segment from 2017 to 2030.
The regulatory framework and specific requirements for nutritional supplements and vitamins in Chile will likely drive the demand for these products. As consumers become increasingly health-conscious and seek ways to supplement their diets for better health and well-being, the availability of regulated and authorized supplements encourages them to incorporate these products into their daily routines.
In Chile, the authorization for nutritional supplements and vitamins falls under the jurisdiction of the Regional Health Ministerial Service (known as SEREMI de Salud in Spanish), operating under the Ministry of Health.
These supplements and vitamins are defined as products specifically manufactured or prepared to complement the diet, promoting health and contributing to the maintenance and protection of physiological functions in adolescents, adults, or the elderly. Importers of nutritional supplements are required to obtain authorization to import these supplements.
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Horizon Databook provides a detailed overview of country-level data and insights on the Chile vitamin supplements market , including forecasts for subscribers. This country databook contains high-level insights into Chile vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Chile vitamin supplements market size, by type, 2017-2030 (US$M)
Chile Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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