Argentina Nutraceutical Market -Growth, Trends and Forecasts (2018 - 2023)
The Argentina nutraceutical market is anticipated to grow at a CAGR of 7.14% for the forecast period 2018-2023. The Argentina Guidelines for prevention and control of diseases like Osteoporosis recommend a suitable daily intake of majority of essential minerals and vitamins which is expected to drive the growth of the market in the coming decade.
The Argentina nutraceutical Market is driven by an increasing evident trend towards preventive medicines which reduces the healthcare costs drastically. The nutraceuticals industry in Argentina is seeing increased demand for nutraceutical ingredients due to their increasing awareness among consumers regarding healthy diet incorporated by healthy ingredients. The major health categories which are a major focus of manufacturers in the country are bone and joint assisting dietary supplements, calcium supplements, memory and brain health and eye health supplements.
Regulatory clarity and synergy is lacking in the country which limits the availability of new products to the patients, resulting in a decreased revenue for the manufacturers. A lacking inventiveness in the development of more high quality nutraceuticals can dampen the Argentina nutraceutical market growth significantly.
The other fundamental barrier to a much faster growth is consumers and health professional’s poor understanding of its nutritious impact on health.
Argentina nutraceutical market has been segmented on the basis of type which includes functional foods, functional beverages and dietary supplements. These categories have been further segmented to provide further granular information of the overall market.
In functional foods category, dairy products are one of the leading category owing to the robust demands from health-conscious baby boomers, middle-aged women, and athletes. In functional beverages category, energy drink and sports drink are leading segments that have witnessed significant push due to emerging private level brands.
March 2017 - Fizzy bubbles, sparkling water, and a fusion of natural fruit juices came together in PepsiCo's new beverage IZZE FUSIONS. IZZE FUSIONS is 60 calories per 12-ounce can and has no artificial sweeteners or artificial flavors.
July 2017 -- Herbalife® Nutrition introduced New Simply Probiotic to help balance digestive health.
Key Players of Argentina nutraceutical market include: Coca -Cola, Croda International Plc., Danone, General Mills, Grupo Omnilife, Herbalife International Inc., Nestle, PepsiCo, The Kellogg’s Company, Red Bull and Reckitt Benckiser Group Plc.
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