The MarketWatch News Department was not involved in the creation of this content.
Dec 02, 2020 (AmericaNewsHour) —
The market is growing on the back of the increasing concern for health diseases amongst individuals worldwide, which is also raising the need to consume healthy foods and follow a healthy lifestyle. Moreover, factors such as the increasing geriatric population are anticipated to promote the growth of healthy beverages, and are luring manufacturers in the beverage industry to increasingly invest in different types of beverages. The World Health Organization (WHO), in one of its statistics, stated that by the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion.
The South America nutrition supplements market size was valued at USD 12.51 Bn in 2017 and is set to increase at a CAGR of 8.50% over the forecast period. South America is considered to be an