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Colombia Dietary Supplements Market Size, Share, Growth: By Type: Proteins and Amino Acids, Vitamins and Minerals, Fatty Acids, Probiotics, Botanicals, Others; By Form: Tablets, Capsules, Powders, Liquids, Others; By Distribution Channel: Supermarkets and Hypermarkets, Pharmacies and Drug Stores, Others; Competitive Landscape; 2024-2032
Colombia Dietary Supplements Market Outlook
The Colombia dietary supplements market size is projected to expand at a CAGR of 6.40% in the forecast period of 2024-2032.
Key Takeaways
- Colombia imports products like vitamin concentrates and intermixture of vitamins that are further used to prepare dietary supplements.
- Among different types of dietary supplements, botanicals are gaining significant popularity, and the segment is expected to register a healthy growth in the coming years.
- The COVID-19 pandemic has led to increased awareness of immune health, resulting in a surge in demand for supplements with immune-boosting ingredients like vitamin D, vitamin C, and zinc.
The Colombia dietary supplements market growth can be attributed to the increasing awareness among the population regarding healthy eating habits, the rise in online stores, and the growing interest in sports activities. Moreover, factors such as the expanding geriatric population, rising health concerns, and a surge in nutritional deficiencies have contributed to the development of the market.
As per the Colombia dietary supplements market analysis, there is a notable increase in the demand for products that are plant-based and contain botanical extracts. The market is witnessing a strong preference for dietary supplements with natural and organic ingredients due to the increasing awareness of the side effects associated with the consumption of synthetic supplements. Consumers are actively searching for products that have clean labels, are devoid of artificial additives and allergens.
Further, a growing interest in sports among people is leading to a rise in sporting events and gym attendance. This trend is expected to boost the demand for dietary supplements as their consumption within recommended limits helps strengthen the immune system, build muscle mass, aid in weight loss, and boost energy levels and focus, thereby enhancing athletic performance and facilitating quick recovery from injuries.
Market Segmentation
Colombia Dietary Supplements Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Proteins and Amino Acids
- Vitamins and Minerals
- Fatty Acids
- Probiotics
- Botanicals
- Others
Market Breakup by Form
- Tablets
- Capsules
- Powders
- Liquids
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Pharmacies and Drug Stores
- Online
- Others
Competitive Landscape
The market participants are focusing on offering natural and plant-based supplements to consumers to meet their rising demand for clean label products.
- GlaxoSmithKline Plc
- Pfizer Inc.
- Abbott Laboratories
- Sanofi S.A.
- Nestlé S.A.
- Bayer AG
- Reckitt Benckiser Group PLC
- Amway Corp.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Dietary Supplements Market Overview
8.1 Key Industry Highlights
8.2 Latin America Dietary Supplements Historical Market (2018-2023)
8.3 Latin America Dietary Supplements Market Forecast (2024-2032)
8.4 Latin America Dietary Supplements Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Dietary Supplements Market Overview
9.1 Key Industry Highlights
9.2 Colombia Dietary Supplements Historical Market (2018-2023)
9.3 Colombia Dietary Supplements Market Forecast (2024-2032)
10 Colombia Dietary Supplements Market by Type
10.1 Proteins and Amino Acids
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Vitamins and Minerals
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Fatty Acids
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Probiotics
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Botanicals
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Colombia Dietary Supplements Market by Form
11.1 Tablets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Capsules
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Powders
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Liquids
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Colombia Dietary Supplements Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Pharmacies and Drug Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 GlaxoSmithKline Plc
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Pfizer Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Abbott Laboratories
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Sanofi S.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Nestlé S.A.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Bayer AG
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Reckitt Benckiser Group PLC
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Amway Corp.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Dietary Supplements Market: Key Industry Highlights, 2018 and 2032
2. Colombia Dietary Supplements Market: Key Industry Highlights, 2018 and 2032
3. Colombia Dietary Supplements Historical Market: Breakup by Type (USD Million), 2018-2023
4. Colombia Dietary Supplements Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Colombia Dietary Supplements Historical Market: Breakup by Form (USD Million), 2018-2023
6. Colombia Dietary Supplements Market Forecast: Breakup by Form (USD Million), 2024-2032
7. Colombia Dietary Supplements Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Colombia Dietary Supplements Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Colombia Dietary Supplements Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 6.40% between 2024 and 2032.
The major factors influencing the market are the growing demand for nutrition and health related products, increased attention to health and well-being, increased interest in sports activities, and the introduction of new products.
The key trends aiding the market expansion include a growing consumer preference for plant-based and clean-label products and the innovative marketing strategies adopted by manufacturers.
The major types of dietary supplements, according to the report are proteins and amino acids, vitamins and minerals, fatty acids, probiotics, and botanicals, among others.
The major distribution channels are supermarkets and hypermarkets, pharmacies, and drug stores, and online, among others.
The major players in the market are GlaxoSmithKline Plc, Pfizer Inc., Abbott Laboratories, Sanofi S.A., Nestlé S.A., Bayer AG, Reckitt Benckiser Group PLC, and Amway Corp., among others.
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