Customized Report Services – Dietary supplements market in Chile

 

Vitamins market size

During the three year pandemic period in Chile, the demand for Vitamins continued to be high: in 2020, it reached to US$52.9 million and in 2021 it reached to US$62.9 million. Although in 2022, it decreased slightly to US$54.8 million, but it surpassed 2019 level: US$46.1 million. The compound annual growth rate (CAGR) is 6.9% from 2017 to 2022. Among which demand growth for Vitamin B was the highest: CAGR 14.9%.

Multivitamins experienced the biggest sales at US$35.3 million as it benefited from the pandemic when consumers looked to boost their immune systems as part of the preventative health trend.

Consumers are searching for more innovative and interesting ways to take vitamins, leading to the further development of vitamin gummies, which are segmented by gender, age, or specific healthcare issues such as hair or skin care (Euromonitor 2022).

However in 2022, factors such as inflation, limited financial support enjoyed the previous year, and falling cases of COVID-19 in line with the country's successful rollout of its vaccination campaign, are having a significant impact on demand for vitamins, with the latter no longer considered a priority (Euromonitor 2022).

Vitamins in Chile: Multivitamins and Single Vitamins Retail Sales in US$ million, 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Vitamins 39.2 42.5 46.1 52.9 62.9 54.8 6.9
Multivitamins 26.4 28.3 30.6 33.6 40.0 35.3 6.0
Single Vitamins 12.9 14.3 15.5 19.3 22.9 19.4 8.5
Vitamin A 0.6 0.6 0.6 0.6 0.7 0.6 0.0
Vitamin B 1.8 2.2 2.7 3.5 4.1 3.6 14.9
Vitamin C 6.6 7.2 7.5 9.7 11.6 9.8 8.2
Vitamin D 2.5 2.8 3.1 3.8 4.6 3.8 8.7
Vitamin E 1.4 1.5 1.5 1.7 2.0 1.7 4.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

It is forecast that from 2022 to 2027, the CAGR growth for all the categories and subcategories continued to increase, varying from 3.1% (Vitamin A) to 7.6% (Vitamin B). Demand for both multivitamins and single vitamins are forecast to reach to US$44.9 million and US$25.0 million respectively.

Vitamins in Chile: Multivitamins and Single Vitamins Retail Sales in US$ million, 2022 to 2027
Category 2022 2023 2024 2025 2026 2027 CAGR* % 2022-2027
Vitamins 54.8 57.6 60.7 63.7 66.7 69.9 5.0
Multivitamins 35.3 36.9 38.9 40.9 42.9 44.9 4.9
Single Vitamins 19.4 20.6 21.7 22.8 23.9 25.0 5.2
Vitamin A 0.6 0.6 0.6 0.7 0.7 0.7 3.1
Vitamin B 3.6 3.9 4.2 4.5 4.9 5.2 7.6
Vitamin C 9.8 10.2 10.6 11.0 11.5 11.9 4.0
Vitamin D 3.8 4.1 4.3 4.5 4.7 4.9 5.2
Vitamin E 1.7 1.8 1.9 2.0 2.1 2.2 5.3

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

Herbal / traditional dietary supplements

In Chile, demand for Herbal / Traditional dietary supplements rose for the past five years from 2017 to 2022 at a CAGR of 21.5%, especially, the retail value US$32.9 million in 2021 almost doubled the retail value US$17.6 million in 2020 and 2.5 times more than the retail value US$12.8 million in 2019. The biggest growth of CAGR from 2017 to 2022 was 35.4% for combination Herbal / Traditional dietary supplements followed by Ginkgo Biloba at 14.9%.

Herbal / Traditional Dietary Supplements Retail Sales in US$ million, 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Herbal / Traditional Dietary Supplements 11.5 12.5 12.8 17.6 32.9 30.4 21.5
Aloe 5.1 5.5 5.6 7.4 9.7 8.7 11.3
Combination Herbal / Traditional Dietary Supplements 4.0 4.5 4.6 7.1 19.5 18.2 35.4
Evening Primrose Oil 0.2 0.2 0.2 0.2 0.3 0.2 0.0
Ginkgo Biloba 0.4 0.5 0.5 0.6 0.7 0.8 14.9
Ginseng 1.5 1.6 1.5 1.8 2.3 2.1 7.0
Other Herbal / Traditional Dietary Supplements 0.4 0.3 0.3 0.4 0.5 0.5 4.6

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

It is forecast that the growth of Herbal / Traditional dietary supplements decreased from 2022 to 2027 at a negative −3.8%, but the retail values (US$30.4 million in 2022, US$22.0 million in 2023, US$22.5 million in 2024, US$23.1 million in 2025, US$23.8 million in 2026 and US$25.0 million in 2027) are all higher than the pre-pandemic level US$12.8 million.

It is forecast that the growth of the combination Herbal / Traditional dietary supplements decreased from 2022 to 2027 at a negative −10.8%, but the retail values (US$18.2 million in 2022, US$9.2 million in 2023, US$9.3 million in 2024, US$9.5 million in 2025, US$9.7 million in 2026 and US$10.3 million in 2027) are at least twice higher than the pre-pandemic level US$4.6 million.

Herbal / Traditional Dietary Supplements Retail Sales in US$ million, 2022 to 2027
Category 2022 2023 2024 2025 2026 2027 CAGR* % 2022-2027
Herbal / Traditional Dietary Supplements 30.4 22.0 22.5 23.1 23.8 25.0 −3.8
Aloe 8.7 9.0 9.3 9.6 10.0 10.3 3.4
Combination Herbal / Traditional Dietary Supplements 18.2 9.2 9.3 9.5 9.7 10.3 −10.8
Evening Primrose Oil 0.2 0.3 0.3 0.3 0.3 0.3 8.4
Ginkgo Biloba 0.8 0.8 0.9 0.9 1.0 1.0 4.6
Ginseng 2.1 2.1 2.2 2.3 2.4 2.5 3.5
Other Herbal / Traditional Dietary Supplements 0.5 0.5 0.5 0.5 0.5 0.5 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

Minerals, fish oils, probiotics and protein

The biggest growth among this group is fish oils/Omega fatty acids at a CAGR of 12.1% from 2017 to 2022, retail sales value reaching US$10.6 million in 2022. Protein supplements follows at a CAGR of 8.4% and mineral supplements at a CAGR of 8.4% too.

It is forecast that probiotics will grow the fastest at a CAGR of 8.2% between 2022 and 2027 followed by protein supplements at CAGR of 4.3%, fish oils/Omega fatty acids at CAGR of 4.0% and minerals at a CAGR of 3.9%.

Minerals, fish oils, probiotics and protein retail sales in US$ million 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Minerals 9.0 9.2 9.4 10.8 13.3 12.3 6.4
Calcium Supplements 7.6 7.8 7.8 8.9 11.1 10.3 6.3
Mineral Supplements 1.4 1.4 1.6 1.9 2.2 2.1 8.4
Fish Oils/Omega Fatty Acids 6.0 7.2 7.7 9.0 10.8 10.6 12.1
Probiotic Supplements 4.2 4.9 5.2 5.5 6.6 6.0 7.4
Protein Supplements 4.0 4.0 4.1 5.6 7.3 6.0 8.4

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

Minerals, fish oils, probiotics and protein retail sales in US$ millions 2022 to 2027
Category 2022 2023 2024 2025 2026 2027 CAGR* % 2022-2027
Minerals 12.3 12.8 13.3 13.8 14.3 14.9 3.9
Calcium Supplements 10.3 10.6 11.0 11.5 11.9 12.4 3.8
Mineral Supplements 2.1 2.2 2.2 2.3 2.4 2.5 3.5
Fish Oils/Omega Fatty Acids 10.6 11.1 11.5 12.0 12.4 12.9 4.0
Probiotic Supplements 6.0 6.5 7.1 7.7 8.3 8.9 8.2
Protein Supplements 6.0 6.3 6.5 6.8 7.1 7.4 4.3

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

Multivitamins analysis by positioning

Total retail sale of multivitamins was US$35.3 million in 2022. Elderly consumed US$13.9 million, women consumed US$7.6 million, pregnancy consumed US$2.2 million, men consumed US$1.2 million and teenagers consumed US$0.8 million.

Multivitamins analysis by positioning in US$ million 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Elderly 10.0 10.9 11.8 13.1 15.6 13.9 6.8
Men 0.9 1.0 1.0 1.1 1.3 1.2 5.9
Pregnancy 1.6 1.7 1.9 2.1 2.5 2.2 6.6
Teenagers 0.5 0.6 0.7 0.8 0.9 0.8 9.9
Women 5.6 6.1 6.6 7.2 8.6 7.6 6.3
Other Multivitamins Positioning 7.7 8.0 8.6 9.3 11.0 9.7 4.7
Total 26.4 28.3 30.6 33.6 40.0 35.3 6.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

Elderly represented 39.2% in 2022, the biggest share of using multivitamins, followed by women, representing 21.6%. Pregnancy represented 6.2%, men represented 3.3% and teenagers represented 2.2%.

Multivitamins analysis by positioning, historical, % breakdown, 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Elderly 38.0 38.5 38.7 39.0 39.1 39.2 0.6
Men 3.6 3.5 3.4 3.3 3.3 3.3 −1.7
Pregnancy 5.9 6.1 6.1 6.1 6.2 6.2 1.0
Teenagers 2.0 2.3 2.3 2.3 2.3 2.2 1.9
Women 21.4 21.4 21.5 21.5 21.6 21.6 0.2
Other Multivitamins Positioning 29.2 28.2 28.1 27.8 27.6 27.4 −1.3
Total 100.0 100.0 100.0 100.0 100.0 100.0 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

Dietary supplement analysis by positioning

In 2022, retail sale of dietary supplement was US$70.9 million. Among which bone was the top sale at US$14.3 million, followed by joint at US$10.7 million, digestive at US$8.2 million, general health at US$7.0 million, beauty at US$5.7 million, immune system at US$4.5 million. heart health at US$3.0 million, memory health at US$0.9 million and energy at US$0.5 million in 2022. Immune system experienced the fastest growth at a CAGR of 13.4% followed by memory health at 8.4%, general health at 8.3%, bone at 7.9% and beauty at 7.3%.

Dietary Supplement analysis by positioning in US$ million 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Beauty 4.0 4.4 4.7 5.3 6.2 5.7 7.3
Bone 9.8 10.8 10.8 12.5 15.7 14.3 7.9
Digestive 6.5 7.0 7.3 7.9 9.1 8.2 4.8
Energy 0.5 0.4 0.4 0.5 0.6 0.5 0.0
General Health 4.7 5.1 5.4 6.3 7.6 7.0 8.3
Heart Health 2.4 2.5 2.6 3.0 3.3 3.0 4.6
Immune System 2.4 2.6 2.7 3.7 4.8 4.5 13.4
Joint 8.3 8.8 9.2 10.2 11.8 10.7 5.2
Memory Health 0.6 0.6 0.7 0.8 1.0 0.9 8.4
Other Dietary Supplement Positioning 11.3 11.9 12.9 15.4 17.7 16.1 7.3
Total 50.4 54.1 56.7 65.5 77.8 70.9 7.1

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

In 2022, bone represented 20.2% of the dietary retail sale, followed by joint which represented 15.1%, digestive which represented 11.6%, general health which represented 9.8%, beauty which represented 8.0%, immune system which represented 6.3%, heart health which represented 4.2%, memory health which represented 1.3% and energy which represented 0.7%. Immune system experienced the fastest growth at a CAGR of 6.0% followed by memory health at 3.4%, general health at 1.1%, bone at 0.7% and beauty at 0.0%.

Dietary Supplement analysis by positioning, historical, % breakdown, 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Beauty 8.0 8.1 8.2 8.1 8.0 8.0 0.0
Bone 19.5 19.9 19.1 19.0 20.1 20.2 0.7
Digestive 12.9 12.9 12.8 12.0 11.8 11.6 −2.1
Energy 0.9 0.8 0.8 0.8 0.8 0.7 −4.9
General Health 9.3 9.4 9.5 9.7 9.8 9.8 1.1
Heart Health 4.7 4.6 4.5 4.5 4.2 4.2 −2.2
Immune System 4.7 4.8 4.8 5.6 6.2 6.3 6.0
Joint 16.4 16.3 16.3 15.6 15.1 15.1 −1.6
Memory Health 1.1 1.2 1.2 1.2 1.2 1.3 3.4
Other Dietary Supplement Positioning 22.5 22.0 22.7 23.5 22.7 22.7 0.2
Total 100.0 100.0 100.0 100.0 100.0 100.0 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

Product launch analysis

Vitamins

There are 609 products that contain vitamins, launched between 2017 and 2022 in Chile: 154 products in 2018, 108 in 2019, 110 in 2020, 112 in 2021 and 125 in 2022.

Launches of products that contain vitamins in Chile 2017 to 2022
Date published Number of variants
2018 154
2019 108
2020 110
2021 112
2022 125
Total Sample 609
Source: Mintel 2023

Chocolate flavored cereal

Company Cereales CPW
Manufacturer Fábrica Maipú
Brand Nestlé Chocapic
Category Breakfast cereals
Sub-category Cold cereals
Market Chile
Location of manufacture Chile
Store name Tottus
Store type Supermarket
Date published November 2022
Launch type New packaging
Price in local currency CLP2,490.00
Price in US dollars 2.64
Price in Euros 2.65

Nestlé Chocapic Cereal para Desayuno con Sabor a Chocolate (Chocolate Flavored Cereal) has been repackaged, and retails in a newly designed 330 gram pack. - Free from colorings - Original recipe - Authentic chocolate flavor- High in calories and sugars according to the Chilean Health Ministry- Chocolate flavored wholegrain rice, wheat and wholegrain wheat based breakfast cereal- The same great taste as always is back - 41 gram of wholegrains per 100 gram - Recyclable pack - Logos and certifications: PEFC (Programme for the Endorsement of Forest Certification)

Herbal

There are 14 products that contain herbal, launched between 2017 and 2022: 4 products in 2018, 1 product in 2019, 2 products in 2020, 3 products in 2021 and 4 products in 2022.

Launches of products that contain herbal 2017 to 2022
Date published Number of variants
2018 4
2019 1
2020 2
2021 3
2022 4
Total Sample 14
Source: Mintel 2023

Green apple flavored green elixir herbal infusion

Company Induloja
Manufacturer Induloja
Distributor Induloja
Importer Induloja
Brand Forestea
Category Ready-to-drink
Sub-category Ready-to-drink (iced) tea
Market Chile
Location of manufacture Ecuador
Store type Supermarket
Date published March 2022
Launch type New product
Price in local currency CLP2,190.00
Price in US dollars 2.64
Price in Euros 2.31

Forestea Green Elixir Sabor a Manzana Verde (Green Apple Flavored Green Elixir Herbal Infusion) is described as an organic drink made of real green tea leaves with an intense flavor. The antioxidant and vegan product is fortified with vitamin C which strengthens the immune system, provides 3 grams sugar and 20kcal, contains a non-caloric sweetener, and is sweetened with stevia. It is free from gluten, retails in a 300 millilitre pack featuring the Facebook, Twitter, Instagram, USDA Organic, Certificación Orgánica Ecuador (Ecuador Organic Certification), Qcs, FDA Approved, AEI Emprendedor and COPADE logos.

Minerals

There are 358 products that contain mineral, launched between 2017 and 2022: 100 products in 2018, 62 products in 2019, 62 products in 2020, 64 products in 2021 and 70 products in 2022.

Launches of products that contain minerals 2017 to 2022
Date published Number of variants
2018 100
2019 62
2020 62
2021 64
2022 70
Total Sample 358
Source: Mintel 2023

Brownie and chocolate volcano premix

Company Comercializadora de Productos Alimenticios Rengün
Manufacturer Comercializadora de Productos Alimenticios Rengün
Brand Rengün
Category Bakery
Sub-category Baking ingredients and mixes
Market Chile
Location of manufacture Chile
Store name Santa Margarita
Store type Natural / health food store
Date published March 2022
Launch type New variety / range extension
Price in local currency CLP5,100.00
Price in US dollars 6.34
Price in Euros 5.80

Rengün Pre-Mezcla Brownie y Volcán de Chocolate (Brownie and Chocolate Volcano Premix) has been added to the range. The vegan product includes cocoa, is high in dietary fiber, is fortified with vitamins and minerals, and is free from gluten, added sugar, seals, egg, soy, dairy, nuts, peanuts, and sulphites. It provides 48kcal, 6.5 grams of carbs, and 5 grams of dietary fiber per serving, and retails in a 350 gram pack featuring a QR code, and preparation instructions.

Collagen

There are 18 products that contain collagen, launched between 2017 and 2022: 0 product in 2018, 2 products in 2019, 6 products in 2020, 5 products in 2021 and 5 products in 2022.

Launches of products that contain collagen 2017 to 2022
Date published Number of variants
2018 0
2019 2
2020 6
2021 5
2022 5
Total Sample 18
Source: Mintel 2023

Lactose-free skimmed instant milk powder with collagen

Company Nestlé
Manufacturer Nestlé
Brand Nestlé Svelty Move+
Category Dairy
Sub-category White Milk
Market Chile
Location of manufacture Chile
Import status Not imported
Store name Jumbo
Store type Supermarket
Date published October 2019
Launch type New product
Price in local currency CLP5,899.00
Price in US dollars 8.25
Price in Euros 7.51

Nestlé Svelty Move+ Leche Descremada Sin Lactosa en Polvo Instantánea con Colágeno (Lactose Free Skimmed Instant Milk Powder with Collagen) is said to contain an exclusive combination of vitamin B, calcium + and proteins, specially designed to help maintain an active life. According to the manufacturer, B vitamins are important for normal energy metabolism; Calcium Plus is a combination of calcium, zinc, phosphorus and vitamins C, D3 and K1, which collaborate in bone metabolism, allowing a better absorption and fixation of calcium; and proteins are important for muscle health. The gluten-free product retails in a 500 gram pack featuring preparation instructions.

Probiotics

There are 67 products that contain probiotic, launched between 2017 and 2022: 19 products in 2018, 18 products in 2019, 11 products in 2020, 12 products in 2021 and 7 products in 2022.

Launches of products that contain probiotic 2017 to 2022
Date published Number of variants
2018 19
2019 18
2020 11
2021 12
2022 7
Total Sample 67
Source: Mintel 2023

Good AJ apple, lemon and ginger juice with probiotics

Company Jugos y Alimentos Livingjuice
Manufacturer Jugos y Alimentos Livingjuice
Brand Livingjuice
Category Juice drinks
Sub-category Juice
Market Chile
Location of manufacture Chile
Store type Supermarket
Date published May 2022
Launch type New variety / range extension
Price in local currency CLP4,990.00
Price in US dollars 5.81
Price in Euros 5.57

Livingjuice Good AJ Jugo de Manzana, Limón y Jengibre + Próbioticos (Good AJ Apple, Lemon and Ginger Juice with Probiotics) is now available. The 100% natural, non-pasteurized and vegan product is free from added sugar, gluten, preservatives and additives, and is said to be HPP cold pressed to maintain all of its nutrients, vitamins and minerals, as well as freshness and exquisite flavor. It is locally sourced, and retails in a 1.45 litre recyclable pack featuring the Instagram logo.

Protein

There are 5,259 products that contain protein launched between 2017 and 2022: 1,277 products in 2018, 1,016 products in 2019, 1,034 products in 2020, 972 products in 2021 and 960 products in 2022.

Launches of products that contain protein 2017 to 2022
Date published Number of variants
2018 1,277
2019 1,016
2020 1,034
2021 972
2022 960
Total Sample 5,259
Source: Mintel 2023

Spinach & Cheese Fillo Pies

Company The Fillo Factory
Manufacturer The Fillo Factory
Brand The Fillo Factory
Category Meals and meal centers
Sub-category Pastry Dishes
Market Chile
Location of manufacture United States
Store name Kios Club
Store type Club Store
Date published December 2022
Launch type New product
Price in local currency CLP18,490.00
Price in US dollars 21.45
Price in Euros 20.44

The Fillo Factory Spinach & Cheese Fillo Pies are now available and retail in a 1360.8 kilogram pack containing two units. - Crispy fillo, creamy spinach and feta in every bite - Entree pies in ready to bake trays - Baking instructions - Logos and certifications: Kosher

Top ten companies

Vitamins

MedCell SA is the biggest company in vitamin market in Chile, followed by Procter & Gamble Co, Haleon plc, Bayer AG and Laboratorio Pasteur SA. MedCell SA reached US$11.1 million in 2022. Procter & Gamble Co had the fastest growth at a CAGR of 149.1% from 2017 to 2022, retail sale reaching to US$9.6 million.

Top ten vitamin companies retail sales in US$ million 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
MedCell SA 6.7 8.7 9.5 11.0 13.5 11.1 10.6
Procter & Gamble Co 0.1 5.1 5.0 9.3 10.3 9.6 149.1
Haleon plc 8.0 N/C
Bayer AG 1.9 2.1 2.0 2.4 3.2 2.8 8.1
Laboratorio Pasteur SA 1.9 2.1 2.1 2.3 3.2 2.7 7.3
Herbalife Nutrition Ltd 1.1 0.7 3.4 6.0 2.6 N/C
Harbin Pharmaceutical Group Co Ltd 2.5 2.8 1.9 N/C
Laboratorios Saval SA 0.7 1.0 0.9 1.7 1.7 1.4 14.9
Nestlé SA 1.3 0.9 N/C
Sanofi 0.9 0.8 0.6 0.6 1.1 0.9 0.0
Private Label 7.3 8.3 7.7 7.7 9.1 6.9 −1.1
Others 2.6 11.7 11.0 2.4 3.1 3.9 8.4
Total 49.8 54.6 54.0 55.0 68.3 54.8 1.9

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

In 2022, MedCell SA occupied 20.3% market share, Procter & Gamble Co occupied 17.6% market share, Haleon plc occupied 14.6% market share. In the same year, private label occupied 12.5% market share.

Top ten vitamins companies market share in % 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
MedCell SA 13.5 15.9 17.6 20.0 19.8 20.3 8.5
Procter & Gamble Co 0.2 9.3 9.2 16.9 15.0 17.6 144.8
Haleon plc 14.6 N/C
Bayer AG 3.8 3.8 3.7 4.4 4.6 5.1 6.1
Laboratorio Pasteur SA 3.7 3.9 4.0 4.2 4.7 4.8 5.3
Herbalife Nutrition Ltd 1.9 1.3 6.2 8.7 4.7 N/C
Harbin Pharmaceutical Group Co Ltd 4.5 4.2 3.5 N/C
Laboratorios Saval SA 1.5 1.9 1.6 3.0 2.5 2.6 11.6
Nestlé SA 2.0 1.7 N/C
Sanofi 1.8 1.5 1.1 1.1 1.6 1.6 −2.3
Private Label 14.7 15.1 14.3 14.0 13.3 12.5 −3.2
Others 5.1 21.5 20.3 4.3 4.5 7.1 6.8
Total 100.0 100.0 100.0 100.0 100.0 100.0 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

Herbal / traditional dietary supplements

The total retail sales US$30.4 million in 2022, doubled US$14.9 million in 2019, the pre-pandemic year. The biggest company Herbalife Nutrition Ltd sold US$5.7 million in 2022, almost three times more than US$2.1 million in 2019, the pre-pandemic time. All the companies had a positive CAGR growth except two companies: MedCell SA at −3.3% and OPKO Health Inc at −9.6% from 2017 to 2022.

Top TenCompanies of Herbal / Traditional Dietary Supplements in US$ million 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Herbalife Nutrition Ltd 2.9 2.1 3.7 7.0 5.7 18.4
MedCell SA 0.8 0.8 0.8 0.7 0.9 0.7 −3.3
Omnilife SA de CV, Grupo 0.2 0.2 0.2 0.2 0.5 0.4 18.9
Harbin Pharmaceutical Group Co Ltd 0.4 0.4 0.3 N/C
OPKO Health Inc 0.3 0.3 0.3 0.2 0.2 0.2 −9.6
Megalabs SA 0.2 0.2 0.2 0.2 0.2 0.0
Beiersdorf AG 0.1 0.1 0.1 0.1 0.1 0.1 0.0
Laboratorios Rider SA 0.2 0.1 0.1 0.1 0.1 0.1 0.0
General Nutrition Centers Inc 0.5 0.5 0.4 N/C
Herbalife Ltd 2.0 N/C
Private Label 0.0 0.0 0.0 0.0 0.0 0.0 N/C
Others 10.5 10.8 10.8 12.7 26.2 22.6 20.3
Total 14.6 16.0 14.9 18.3 35.7 30.4 17.4

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

In 2022, Herbalife Nutrition Ltd represented 18.9% market share. All other companies were below 2.5% market share (except "others": 74.3% in 2022).

Top Ten Companies of Herbal / Traditional Dietary Supplementsmarket share in % 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Herbalife Nutrition Ltd 18.4 14.2 20.0 19.6 18.9 0.7
MedCell SA 5.4 5.3 5.2 4.1 2.5 2.5 −17.1
Omnilife SA de CV, Grupo 1.3 1.2 1.2 1.2 1.4 1.4 3.9
Harbin Pharmaceutical Group Co Ltd 2.0 1.0 1.0 N/C
OPKO Health Inc 1.9 1.8 1.8 1.3 0.7 0.6 −24.0
Megalabs SA 1.0 1.1 0.8 0.5 0.6 −12.0
Beiersdorf AG 0.7 0.7 0.7 0.5 0.3 0.3 −19.1
Laboratorios Rider SA 1.2 0.9 0.7 0.5 0.3 0.3 −24.0
General Nutrition Centers Inc 3.1 2.9 2.8 N/C
Herbalife Ltd 13.4 N/C
Private Label 0.2 0.2 0.1 0.1 0.1 0.1 −15.9
Others 72.0 67.6 72.0 69.3 73.5 74.3 2.4
Total 100.0 100.0 100.0 100.0 100.0 100.0 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

Minerals

In 2022, total retail sales of minerals was $12.3 million. Among which Grünenthal GmbH represented US$5.5 million and MedCell SA represented US$2.0 million in 2022.

Top Ten Mineral Companies in US$ million 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Grünenthal GmbH 4.7 5.5 5.2 5.1 6.5 5.5 3.2
MedCell SA 1.2 1.5 1.6 1.8 2.3 2.0 10.8
Herbalife Nutrition Ltd 0.9 0.6 1.1 1.8 1.3 N/C
Harbin Pharmaceutical Group Co Ltd 0.9 1.1 0.9 N/C
Haleon plc 0.5 N/C
Abbott Laboratories Inc 0.5 0.5 0.4 0.4 0.5 0.4 −4.4
Synthon Holding BV 0.2 0.2 0.2 0.2 0.2 0.2 0.0
Nestlé SA 0.1 0.1 N/C
Laboratorio Pasteur SA 0.0 0.1 0.1 0.1 0.1 0.1 0.0
Nature's Sunshine Products Inc 0.1 0.1 0.1 0.1 0.1 0.1 0.0
Private Label 0.4 0.4 0.3 0.3 0.4 0.3 −5.6
Others 2.3 1.1 1.0 0.7 0.6 0.8 −19.0
Total 11.5 11.8 11.1 11.3 14.5 12.3 1.4

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

The biggest company Grünenthal GmbH represented 45.0% market share in 2022. Second biggest company MedCell SA occupied 16.4% market share followed by Herbalife Nutrition Ltd which occupied 10.3% market share.

Top Ten Mineral Companies Market Share % 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Grünenthal GmbH 40.8 46.1 46.8 45.0 45.1 45.0 2.0
MedCell SA 10.6 12.7 14.8 16.0 16.1 16.4 9.1
Herbalife Nutrition Ltd 7.2 5.1 10.0 12.7 10.3 N/C
Harbin Pharmaceutical Group Co Ltd 7.9 7.9 7.6 N/C
Haleon plc 3.9 N/C
Abbott Laboratories Inc 4.0 3.9 3.6 3.4 3.4 3.4 −3.2
Synthon Holding BV 1.7 1.8 1.8 1.7 1.6 1.6 −1.2
Nestlé SA 0.9 0.9 N/C
Laboratorio Pasteur SA 0.4 0.5 0.5 0.5 0.5 0.7 11.8
Nature's Sunshine Products Inc 0.7 0.7 0.7 0.7 0.6 0.6 −3.0
Private Label 3.3 3.2 3.1 2.9 2.7 2.7 −3.9
Others 20.0 9.5 9.1 6.5 4.2 6.3 −20.6
Total 100.0 100.0 100.0 100.0 100.0 100.0 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

Fish oils / omega fatty acids

In 2022, total retail sales of fish oils/Omega fatty acids was $10.6 million. Among which Nestlé SA was US$3.0 million and Herbalife Nutrition Ltd was US$2.7 million in 2022.

Top Ten Fish Oils/Omega Fatty Acids Companies in US$ million 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Nestlé SA 3.1 3.0 N/C
Herbalife Nutrition Ltd 1.5 1.1 2.3 3.2 2.7 N/C
MedCell SA 1.2 1.5 1.5 1.3 1.8 1.7 7.2
Distribución Natural SA 0.8 1.1 1.1 1.0 1.2 1.1 6.6
Oriflame Cosmetics SA 0.4 0.6 0.5 0.7 0.8 0.8 14.9
Harbin Pharmaceutical Group Co Ltd 0.6 0.6 0.5 N/C
Amway Corp 0.3 0.3 0.3 N/C
Nature's Sunshine Products Inc 0.2 0.2 0.2 0.2 0.2 0.2 0.0
Farmacia Knop 0.1 0.1 0.0 0.0 0.1 0.0 −100.0
General Nutrition Centers Inc 0.8 0.8 0.6 N/C
Others 1.4 0.7 1.0 0.2 0.3 0.2 −32.2
Total 7.6 9.2 9.0 9.4 11.7 10.6 6.9

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

The biggest company Nestlé SA represented 28.1% market share in 2022. Second biggest company Herbalife Nutrition Ltd occupied 25.9% market share followed by MedCell SA which occupied 15.9% market share.

Top Ten Fish Oils/Omega Fatty Acids Companies Market Share 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Nestlé SA 26.5 28.1 N/C
Herbalife Nutrition Ltd 16.3 12.6 25.0 27.7 25.9 N/C
MedCell SA 15.2 15.8 17.1 14.4 15.4 15.9 0.9
Distribución Natural SA 10.6 12.3 12.3 11.0 9.9 10.3 −0.6
Oriflame Cosmetics SA 5.9 6.7 5.6 7.8 7.1 7.2 4.1
Harbin Pharmaceutical Group Co Ltd 5.9 5.5 5.1 N/C
Amway Corp 2.9 2.7 3.0 N/C
Nature's Sunshine Products Inc 2.8 2.4 2.3 2.0 2.0 1.9 −7.5
Farmacia Knop 0.8 0.6 0.5 0.5 0.5 0.4 −12.9
General Nutrition Centers Inc 10.4 8.7 7.1 N/C
Others 19.0 7.3 11.4 2.0 2.8 2.2 −35.0
Total 100.0 100.0 100.0 100.0 100.0 100.0 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

Probiotics

In 2022, total retail sale of probiotic supplements was $6.0 million. Among which the Procter & Gamble Co represented US$2.0 million and Laboratorios Saval SA represented US$1.0 million in 2022.

Top Probiotic Supplements Companies in US$ million 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Procter & Gamble Co, The 3.1 3.2 2.8 2.4 2.0 N/C
Laboratorios Saval SA 0.9 1.2 1.2 1.1 1.1 1.0 2.1
Abbott Laboratories Inc 0.3 0.2 0.2 0.2 0.2 0.2 −7.8
Harbin Pharmaceutical Group Co Ltd 0.2 0.2 0.2 N/C
General Nutrition Centers Inc 0.2 0.2 0.2 N/C
Merck KGaA 3.8 N/C
Others 0.2 1.6 1.3 1.6 3.2 2.7 68.3
Total 5.4 6.2 6.0 5.8 7.1 6.0 2.1

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

The biggest company the Procter & Gamble Co represented 32.9% market share in 2022. Second biggest company Laboratorios Saval SA occupied 16.0% market share followed by Abbott Laboratories Inc which occupied 3.1% market share.

Top Probiotic Supplements Companies Market Share 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Procter & Gamble Co, The 49.6 53.0 48.2 33.4 32.9 N/C
Laboratorios Saval SA 17.1 18.8 20.3 18.5 15.9 16.0 −1.3
Abbott Laboratories Inc 4.8 3.3 3.1 3.0 2.9 3.1 −8.4
Harbin Pharmaceutical Group Co Ltd 2.7 2.7 2.9 N/C
General Nutrition Centers Inc 3.5 3.0 2.8 N/C
Merck KGaA 70.7 N/C
Others 3.9 25.3 20.8 27.7 45.1 45.1 63.2
Total 100.0 100.0 100.0 100.0 100.0 100.0 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

Protein

In 2022, total retail sale of protein supplements was $6.0 million. Among which the Herbalife Nutrition Ltd represented US$5.0 million and Omnilife SA de CV, Grupo represented US$0.2 million in 2022.

Top Protein Supplements Companies in US$ million 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Herbalife Nutrition Ltd 2.6 1.8 4.6 7.3 5.0 N/C
Omnilife SA de CV, Grupo 0.1 0.1 0.1 0.1 0.2 0.2 14.9
Banmedica SA 0.1 0.1 0.1 0.1 0.2 0.1 0.0
Herbalife Ltd 2.0 N/C
Others 2.8 2.3 2.7 1.0 0.2 0.7 −24.2
Total 5.0 5.2 4.8

5.8

7.9 6.0 3.7

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

The biggest company the Herbalife Nutrition Ltd represented 83.5% market share in 2022. Second biggest company Omnilife SA de CV, Grupo occupied 2.8% market share followed by Banmedica SA which occupied 2.1% market share.

Top Protein Supplements Companies Market Share 2017 to 2022
Category 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Herbalife Nutrition Ltd 50.1 37.9 78.7 92.7 83.5 N/C
Omnilife SA de CV, Grupo 2.2 2.2 2.3 2.4 2.5 2.8 4.9
Banmedica SA 2.2 2.8 2.9 2.2 2.3 2.1 −0.9
Herbalife Ltd 40.7 N/C
Others 54.9 44.9 56.9 16.7 2.5 11.6 −26.7
Total 100.0 100.0 100.0 100.0 100.0 100.0 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

Retail distribution channel

E-commerce had the fastest growth CAGR 18.8% from 2017 to 2022. Many customers more and more appreciate the wide range of options available via e-commerce. Also direct selling had a growth CAGR 2.3% from 2017 to 2022. All other retail channels experienced a negative growth ranging from −0.3% to −10.1% from 2017 to 2022.

Retail Distribution Channel 2017 to 2022
Channel 2017 2018 2019 2020 2021 2022 CAGR* % 2017-2022
Retail Channels 100.0 100.0 100.0 100.0 100.0 100.0 0.0
Retail Offline 96.7 95.3 94.7 93.8 93.0 92.2 −0.9
Grocery Retailers 15.3 14.4 14.3 9.6 9.7 9.7 −8.7
Supermarkets 7.3 6.4 6.0 4.9 5.0 5.0 −7.3
Small Local Grocers 8.0 8.0 8.3 4.7 4.7 4.7 −10.1
Non-Grocery Retailers 63.3 61.2 61.9 62.8 62.1 62.2 −0.3
Health and Beauty Specialists 63.3 61.2 61.9 62.8 62.1 62.2 −0.3
Pharmacies 63.3 61.2 61.9 62.8 62.1 62.2 −0.3
Direct Selling 18.1 19.7 18.5 21.4 21.2 20.3 2.3
Retail E-Commerce 3.3 4.7 5.3 6.2 7.0 7.8 18.8

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

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Resources

  • Euromonitor, 2023
  • Mintel 2023

Customized Report Services – Dietary supplements market in Chile
Global Analysis Report

Prepared by: Hongli Wang, Senior Market Analyst

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