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.
Botanical extract giant Naturex is opening a subsidiary in Chile to strengthen its position in Latin America. The move follows its January 2014 acquisition of Chile Botanics and its factory in Linares.
The regulatory picture for dietary supplements in Latin America is still very much a patchwork quilt, according to an expert who has studied the markets. But harmonization is on the horizon, and companies that are up to speed stand to reap the benefits.
Nestlé has refused to comment on reports that it is working with financial advisory group Rothschild to sell more than $1bn of Latin American assets in an effort to win regulatory approval for its acquisition of Pfizer Nutrition.
Rampant acquisitionist Naturex will make 3-4 European and North American acquisitions in 2012, once it completes a deal with an unnamed Asian supplier by the end of March, CEO, president and founder, Jacques Dikansky has told this publication.
PepsiCo and Ocean Spray have annonced a strategic alliance in Latin America in a bid to strengthen the former's juice portfolio in the region and increase accessibility of the latter's products in this region.
Global dietary supplements regulations and their relation to markets in South America was the theme of an event of a congress hosted by the International Alliance of Dietary/Food Supplement Associations (IADSA) in January.
Last week's Codex meeting made significant progress in its bid to
set global standards on supplements but in Latin America
regulations are still variable and closer collaboration will be
necessary to improve regional trade, a...
Ireland's Glanbia and Uruguay's Conaprole have joined forces to
help develop the market for dairy ingredients in Latin America. A
new joint venture company, Conabia, based in Mexico, will develop
sales throughout Central...