South America Weight Management Supplement Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2020 |
| CAGR | 3.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Weight Management Supplement Market Analysis
South America weight management products market is projected to witness a CAGR of 3.8% during the forecast period, 2020-2025.
- The market is primarily driven by the rising incidence of obesity and chronic diseases in the region. Other factors affecting the weight management products include a rise in awareness about nutrition and healthy lifestyles, an increasing number of fitness centers, and rising disposable income across the region. In addition, an increasing number of health and fitness clubs across the region fueled the market’s growth. Moreover, product innovations by leading players, such as herbal and organic slimming products, are boosting the market’s growth.
- However, the major factor restraining the growth of the market is the high cost of weight management products, owing to the additional processing required for low-calorie products and additional nutrients, such as vitamins and minerals.
South America Weight Management Supplement Market Trends
This section covers the major market trends shaping the South America Weight Management Supplement Market according to our research experts:
Rising Obesity & Overweight Concern Across The Region
In South American countries, there has been a significant increase in obesity rates in all age groups. According to the Ministério da Saúde, Brazil, the share of the adult population who were considered overweight in Brazil has increased from 52.5% to 55.7% in the period 2014 to 2018. Similarly, according to the results of the recent National Survey Risk Factors, 33.1% of the population in Argentina is overweight and 32.4% is considered obese based on a national survey, where nearly two-thirds of the respondents (64.9%) indicated a low level of physical activity and 34.6% have high blood pressure.
However, the involvement of different governmental sectors and national policies favored the South American region significantly. For instance, in 2008, Argentina approved a national obesity law, the so-called ‘Ley de Obesidad’, that establishes a national policy for the approaches to the prevention of obesity. Similarly, Brazil took initiatives at the municipal level, by joining the project ‘Lighter City’ (‘Cidade Mais Leve’) to approve laws that deal with the needs of overweight and obese patients and citizens.
Brazil to Drive the Regional Market
Brazil is expected to hold the largest market size in the weight management products market during the forecast period in the South America region. Factors such as the increasing incidence of obesity and chronic diseases, rising awareness about nutrition and healthy lifestyles, and rising disposable income are the major factors supporting the growth of the weight management products market in this region. The increasing number of health and fitness centers has been positively influencing the growth of the market, as these centers are involved in the endorsement of weight loss products among their respective consumers. Most of the health clubs are engaging in the sale of fat burn beverages, supplements, and similar nutrition products.
South America Weight Management Supplement Industry Overview
The South America weight management products market is competitive in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the market include Herbalife International of America, Inc., The Hut.com Limited (Myprotein), Carson Life Inc., N.V. Perricone LLC, BPI Sports LLC, and IAF Network S.r.l. among others.
South America Weight Management Supplement Market Leaders
Herbalife International of America, Inc.
The Hut.com Limited (Myprotein)
Carson Life Inc.
N.V. Perricone LLC
BPI Sports LLC
IAF Network S.r.l.
*Disclaimer: Major Players sorted in no particular order
South America Weight Management Supplement Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables and Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Meal
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5.1.2 Beverage
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5.1.3 Supplements
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5.2 By Distribution Channel
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5.2.1 Hypermarkets/Supermarkets
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5.2.2 Convenience Stores
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5.2.3 Online Retail Stores
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5.2.4 Others
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5.3 By Geography
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Rest of the South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Herbalife International of America, Inc.
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6.3.2 The Hut.com Limited (Myprotein)
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6.3.3 Carson Life Inc.
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6.3.4 N.V. Perricone LLC
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6.3.5 BPI Sports LLC
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6.3.6 IAF Network S.r.l.
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6.3.7 NatureWise
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6.3.8 Herbal Nutrition
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6.3.9 California Medical Weight Management, LLC
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Weight Management Supplement Industry Segmentation
The South America weight management products market is segmented by type and by distribution channel. By type, the market is segmented into meal, beverage, and supplements, and by distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, online retail stores, and others. Also, the study provides an analysis of the weight management products market in the emerging and established markets across South America, including Brazil, Argentina, and the Rest of South America.
| By Type | |
| Meal | |
| Beverage | |
| Supplements |
| By Distribution Channel | |
| Hypermarkets/Supermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
| Others |
| By Geography | |
| Brazil | |
| Argentina | |
| Rest of the South America |
South America Weight Management Supplement Market Research FAQs
What is the current South America Weight Management Products Market size?
The South America Weight Management Products Market is projected to register a CAGR of 3.8% during the forecast period (2023-2028).
Who are the key players in South America Weight Management Products Market?
Herbalife International of America, Inc., The Hut.com Limited (Myprotein), Carson Life Inc., N.V. Perricone LLC, BPI Sports LLC and IAF Network S.r.l. are the major companies operating in the South America Weight Management Products Market.
South America Weight Management Products Industry Report
Statistics for the 2023 South America Weight Management Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Weight Management Products analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
