If you want to stand out in the sports nutrition space, betting on chocolate and vanilla alone won’t cut it anymore. Here’s a list of up-and-coming flavor trends in Latin America:
Digestive health is the most observed health benefit in Brazil’s fledgling probiotics space, but it may come as a surprise to many that women’s health is second, according to data from Lumina Intelligence.
Agricultural commodities giant Archer Daniels Midland Co. has expanded its reach into the microbiome space with the acquisition of UK-based manufacturer Probiotics International Ltd. in a cash deal worth $243.5 million (£185 million).
Direct selling companies have a relatively large share of dietary supplement sales in Latin American countries compared to others around the globe, according to data from market research firm Euromonitor.
Colombia represents one of the more attractive market opportunities for dietary supplements in Latin America because of favorable growth projections as well as familiar and fairly lenient regulations, experts say.
Consumers in Latin America understand the general benefits of omega-3s. But there is a need for more education to help capture the huge potential for the ingredients in this region where the market is far from saturated.
After a journey through various forms of corporate ownership, omega-3 supplier EPAX has come full circle, landing with a company that understands fishing and the business of extracting ingredients from fish, an executive says.