MarkNtel Advisors recently published a detailed industry analysis of the South America Probiotic Supplements Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
South America Probiotic Supplements Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The South America Probiotic Supplements Market is projected to grow at a CAGR of 3.97% during the forecast period, 2023-28.
What are the major Driver the South America Probiotic Supplements industry?
Prevalence of Gastrointestinal Diseases Among the Individuals to Aid the Market Growth- The increasing number of gastrointestinal diseases in South America has significantly boosted the demand for probiotic supplements. Some major countries with a sizeable population, such as Brazil, Chile, Argentina, etc., have reported an increase in the number of gastrointestinal diseases. In addition, the growing cases of irritable bowel syndrome, Crohn’s, and liver diseases have been some of the major reasons attributing to the growth in the cases of gastrointestinal disease. Furthermore, degrading eating habits & genetic disorders are chiefly responsible for the growing liver disease cases among the region’s population.
In addition, the rise in research & development activities by the probiotic manufacturers such as DSM & Bayer, among others, have assisted in providing different supplements for patients suffering from gastrointestinal diseases such as hemorrhoids, constipation, etc. This would increase the consumption of probiotic supplements among the population.
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What segments define the South America Probiotic Supplements Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Form
- Solid Form
- Tablets
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Capsules
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Gummies
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Powder
- By End User
- Infants (Upto 3 Years)
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Chewable
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Others (Sachets, Syrups, BFS vials, etc.)
- Tablets
By End User
- Infant
- Kids
- Adults
- 16-35 Years
- 36-50 Years
- 51-65 Years
- Above 66 Years
By Distribution Channel
- Pharmacies
- Health & Beauty Speciality Stores
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
- Via E-commerce Players
- Supplier Selling Via Own Website
According to report, Of them all, Pharmacies captured a considerable market share in the South America Probiotic Supplements market during 2018-22, owing mainly to consumers’ rising preference to take probiotic supplements to maintain immunity & promote healthy living, thereby supporting pharmacies’ burgeoning demand for them.
By Diseases
- Digestive Health
- Lactose Intolerance
- Constipation
- Others (Ulcerative Colitis, Colic, etc.)
- Irritable Bowel Syndrome (IBS)
- Oral Disease
- Immunity-based Disease
- Others
- Cardiovascular Diseases
- Respiratory Infections
- Obesity
- Memory/Mood/Relaxing
According to report, Here, Digestive Health acquired a major share in the South America Probiotic Supplements market during 2018-22.
Explore the Complete South America Probiotic Supplements Market Analysis Report – https://www.marknteladvisors.com/research-library/south-america-probiotic-supplements-market.html
Geographical Analysis: South America Probiotic Supplements Market
By Country
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
South America Probiotic Supplements Market Share & Competitive Landscape:
The South America Probiotic Supplements Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the South America Probiotic Supplements Market are:
- Yakult SA Industria E Comercio
- BioGaia
- Bayer AG
- Kerry Group
- Nestle SA
- Novartis SA
- Archer Daniel Midland Company
- Danone Group
- FrieslandCampina Ingredients
- The Procter & Gamble Company
- Others (Kevita (PepsiCo Inc.), Chr. Hansen Holding A/S, etc.)
The South America Probiotic Supplements Industry Recent Development:
- In 2020, BioGaia partnered with ETHICAL NUTRITION, Roemmers Nutritional Division, in order to sell BioGaia Protectis drops & BioGaia Protectis tablets in Argentina. The products have been sold under the BioGaia brand.
- In 2020, a biotechnology company, BioGaia, in collaboration with the Abbott Uruguay laboratory, Protectis, developed a probiotic supplement based on the probiotic strain – Lactobacillus Reuteri DSM 17938, derived from breast milk for the treatment of colic in infants. The product was made available for sale at the end of 2020.
Questions Addressed in this Study
1.What factors are driving the South America Probiotic Supplements Market growth?
2.How is the South America Probiotic Supplements Market expected to grow over the next five years?
3.What are the key insights into the current trends in the South America Probiotic Supplements Market?
4.What is the current size of the South America Probiotic Supplements Market, and how is it projected to change in the future?
6.What is the future outlook for the South America Probiotic Supplements Market in terms of technological advancements and market expansion?
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