Argentina Dietary Supplements Market to be Dominated by Pharmacies and Drug Stores through 2028
The increasing concern about health benefits is
expected to drive the growth of the Argentina dietary supplements market during
the forecast period.
According to TechSci Research report, “Argentina
Dietary Supplements Market - By Region, Competition, Forecast, and
Opportunities, 2028,” the Argentina dietary supplements market is
anticipated to grow at an impressive rate during the forecast period. This
can be ascribed to the rising demand for nutraceuticals with medical benefits
such as managing health issues, including obesity, cardiovascular disease,
cancer, cholesterol, arthritis, and diabetes along with the growing preference
for personalized nutrition among people who are facing gut-related issues
across the region. Additionally, rapid advances in science and technology,
increasing healthcare costs, changes in food laws affecting label and product
claims, burgeoning aging population, and rising interest in attaining wellness
through diet will escalate the growth of the Argentina dietary supplements
market in the coming years. Besides, the emergence of new plant-based proteins
such as soy, spirulina, and hemp will further support the growth of the
Argentina dietary supplements market during the forecast period.
However, the regulation of dietary supplements in
Argentina can be complex, and there are strict regulations on the health claims
that can slow down the growth of the Argentina dietary supplements market
during the forecast period. Similarly, there is a lot of misinformation about
dietary supplements, which can lead to confusion among consumers that may
hamper the growth of the Argentina dietary supplements market during the
forecast period. Also, dietary supplements often require long-term treatment,
and non-adherence can lead to poor health outcomes. Patients may stop taking
medications due to side effects, cost, or other reasons. While many dietary
supplements are safe when taken as directed, there are still risks associated
with their use, such as interactions with other medications. Such factors can
further restrict the growth of the Argentina dietary supplements market during
the forecast period.
Browse over XX market data Figures spread through 70
Pages and an in-depth TOC on "Argentina Dietary Supplements Market”
The Argentina dietary supplements market can be
segmented by product type, form, distribution channel, application, end user,
and by region.
Based on application, the Argentina dietary
supplements market can be segmented into immunity, general health, energy &
weight management, bone & joint health, and others. The immunity segment
dominated the market in 2022 and is expected to continue maintaining its dominance
during the forecast period. This can be ascribed to the COVID-19 pandemic which
has led to a significant increase in the demand for dietary supplements that
support immune health and boost immunity. As a result, the immunity segment is
expected to be the largest and fastest-growing segment in the Argentina dietary
supplement market.
Based on distribution channel, the market can be
segmented into pharmacies & drug stores, online, supermarkets &
hypermarkets, and others. The pharmacies & drug stores segment is expected
to dominate the market during the forecast period as pharmacies and drug stores
are the traditional channels for selling dietary supplements in Argentina, and
they have a strong presence throughout the country. Consumers often prefer to purchase
dietary supplements from pharmacies and drug stores because they can consult
with a pharmacist and receive personalized recommendations for products that
meet their individual needs. In addition, pharmacies and drug stores often
carry a wide range of dietary supplement products, making it easy for consumers
to find what they need in one location.
Major companies operating in the Argentina dietary
supplements market are:
- Herbalife Nutrition Ltd.
- Omnilife S.A.
- Usana Health Sciences Inc
- Nutrilite (Amway) Argentina Inc
- Natura & Co Inc
- Life Extension Inc
- Isagenix International LLC
- Nature's Sunshine Products Inc
In 2019, Abbott Laboratories, a multinational
healthcare company, acquired GlaxoSmithKline's nutrition business in Argentina,
including its line of dietary supplements.
In 2020, Laboratories Richmond, a pharmaceutical
company announced that it had entered into a partnership with the Russian
Direct Investment Fund (RDIF) to produce the Sputnik V vaccine in Argentina.
While this partnership is not directly related to dietary supplements, it
highlights the growing interest and investment in the healthcare sector in
Argentina.
In 2021, the Argentine Chamber of Dietary
Supplements and Nutritional (CASDIN) launched a new certification program for
dietary supplement manufacturers, aimed at promoting quality and safety in the
industry.
Download Free Sample Report
Customers can also request for 10% free
customization on this report.
“The Argentina dietary supplements market is
expected to grow during the forecast period due to the rising demand for
nutraceuticals with medical benefits along with growing preference for
personalized nutrition across the region. In addition, there is a growing trend
toward personalized nutrition, especially among people with gut related diseases,
where there is no generic treatment, which will further drive the growth of the
Argentina dietary supplements market in the coming years. Besides, growing
concerns about healthy lifestyles and increasing expenditure on health and
wellness are further expected to create lucrative opportunities for the market
growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Argentina Dietary Supplements MarketBy
Product Type (Vitamin, Combination Dietary Supplements, Protein, Herbal
Supplements, Fish Oil & Omega Fatty Acid, and Others), By Form (Capsules,
Tablets, Powder, Soft Gels, and Liquid), By Distribution Channel (Pharmacies
& Drug Stores, Online, Supermarkets & Hypermarkets, and Others), By Application
(Immunity, General Health, Energy & Weight Management, Bone & Joint
Health, and Others), By End User (Adults, Geriatric, Pregnant Females,
Children, and Infants) and By Region, Competition, Forecast, and
Opportunities,” has evaluated the future growth potential of
the Argentina dietary supplements market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Argentina dietary supplements market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com