Argentina Nutraceutical Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Argentina Nutraceutical Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Argentina nutraceutical market is projected to grow at a CAGR of 7.14% during the forecast period (2020 - 2025).

Key Highlights

• Due to the scientific evidence of nutraceutical being effective adjuncts to pharmacotherapy during all stages of treatment of various diseases, there has been a fundamental shift in global health and wellness industry from disease treatment to prevention of chronic diseases.
• The use of nutraceuticals and functional foods in prevention efforts can lead to decreased dependency on drugs, which has led to serious concerns among pharmaceutical manufacturers. It is, however, expected to drive the growth of the nutraceutical market across the globe and also across Argentina.

Key Market TrendsIncreasing Elderly Population

As the proportion of the global population over age 50 steadily rises, demands for solutions to the myriad of problems associated with old age continue to increase. People in nearly every part of the world are living longer, but their chances of spending these later years in good health vary within and between countries. In the past century, the young population dominated Argentina’s demographic scene, but the percentage has been declining. People aged above 60 years of age invariably suffer from deficiency-related diseases. Functional food ingredients may help them to counter these chronic diseases. There is a plethora of products already on the market targeted toward the elderly consumers. The majority of it focuses on the health and wellness of the geriatric population, which is expected to be the strongest factor for the growth of the market studied in the country.

Growth of Energy Drink Market in Argentina

The energy drink market has grown phenomenally in the recent years and as per the demand of the consumers it will continue growing. Energy drinks are believed to enhance energy levels, physical alertness, and performance leading to the growth of conventional carbonated beverages a long time ago, as they are considered healthy substitutes to sugary carbonated drinks. Leading a healthy lifestyle with a balanced diet is becoming a goal for most Argentinians which drives the demand for energy drinks in Argentina. Red Bull is the top brand to rule the Argentina energy drink market. The local players, like La Sibila SA, are also trying to capture the energy drinks market in Argentina by way of acquisitions and new product launches.

Competitive Landscape

Argentina nutraceutical market is consolidated and most active companies are Danone, Nestle, PepsiCo, Reckitt Benckoser Group and Herblife. The companies are increasing their product line, and also expanding their presence in the country. Companies are trying to incorporate strategies like new agreements, joint ventures and partnerships with local players to increase their footprint and release new products, according to consumers changing preferences.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

PepsiCo
Danone SA
Nestle SA
The Kellogg's Company
Red Bull
Herbalife International Inc.
Reckitt Benckiser Group PLC
The Coca
Cola Company

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