Latin America Nutritional Supplements Market Worth $97.3 Billion By 2030
Latin America Nutrition & Dietary Supplements Industry Overview The Latin American nutritional supplements market size was valued at USD 48.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2030. The Latin American population has had a history of a high prevalence of chronic diseases like hypertension, diabetes, and metabolic diseases. As per the WHO, more than 60% of the male and female population in the region is overweight or obese. The region has the highest prevalence of nonalcoholic fatty liver disease of nearly 31%. ALANUR, a Latin American Alliance formed in 2011, for information regarding nutrition in the region, states, that in a period of fewer than 20 years, the sales of nutritional supplements in the Latin American region doubled from 3% in 1999 to 7% in 2017. According to Glanbia Nutritionals, more than 50% of consumers plan to become more active after COVID-19. Immunity boosting supplements accounted for the ma...