Market Size of South America Weight Management Products Industry
| 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.
