The Latin America, Middle East and Africa Dietary Supplement Contract Manufacturing Market would witness market growth of 14.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Dietary Supplement Contract Manufacturing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,035.6 million by 2031. The Argentina market is showcasing a CAGR of 15.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 14.3% during (2024 - 2031).
Increasing consumer scrutiny of product labels has driven demand for clean labels and transparent formulations. Contract manufacturers respond by sourcing high-quality, natural ingredients, minimizing additives and fillers, and providing transparent labeling and documentation throughout manufacturing to assure product safety and efficacy.
Moreover, sustainability is a growing priority in the dietary supplement industry, driving demand for ethically sourced, environmentally friendly ingredients and packaging materials. To lessen their environmental impact and satisfy consumer demands for sustainable products, contract manufacturers are implementing sustainable sourcing methods, promoting fair trade initiatives, and using eco-friendly packaging options like recyclable, biodegradable, and compostable materials.
The proliferation of e-commerce platforms in the United Arab Emirates empowers dietary supplement brands to expand their consumer base beyond the confines of conventional physical retail channels. As per the data from the International Trade Administration, the UAE is the e-commerce leader among Gulf Cooperation Council (GCC) states, where e-commerce sales reached a record $3.9 billion in 2020, representing 10% of total retail sales and a 53% increase in the sector. In addition, Brazil is making significant investments in healthcare infrastructure and initiatives to improve the health outcomes of its aging population. As per the data provided in 2022 by the Pan American Health Organization, more than 30 million individuals in Brazil were 60 years of age or elderly, accounting for 13 percent of the country's total population. By 2030, this age group will comprise 24 percent of the Brazilian population or approximately 50 million individuals. Therefore, with the growing geriatric population and increasing number of e-commerce platforms in LAMEA, there will be enhanced demand for dietary supplement contract manufacturing in the region.
Free Valuable Insights: The Worldwide Dietary Supplement Contract Manufacturing Market is Projected to reach USD 131.5 Billion by 2031, at a CAGR of 12.3%
Based on Product Type, the market is segmented into Proteins & Amino Acid Supplements, Multivitamin, Multi-Mineral, & Antioxidant Supplements, Weight Management & Meal Replacer Supplements and Other Supplements. Based on Dosage Form, the market is segmented into Tablets, Capsules, Liquid Oral, Powder In Sachet/Jar, Gummies and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product Type
By Dosage Form
By Country
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