Press Release Description
South America's Probiotic Supplements Market Thrives as Gastrointestinal Diseases Surge
According to MarkNtel Advisors, the South America Probiotic Supplements Market is projected to grow at a CAGR of around 3.97% during the forecast period, 2023-28, says MarkNtel Advisors in their recent research report. The market growth imputes to the increasing number of gut diseases across various South American nations, including Brazil & Argentina, Chile, etc., which has boosted the demand for probiotic supplements. The growing cases of irritable bowel syndrome, Crohn's, and liver diseases due to improper eating habits & genetic disorders have been some of the major factors attributing to the rising need for probiotics to help cure these gut-based diseases.
Moreover, the rising number of active lifestyle users in the region has fueled the demand for probiotic supplements, led by concerns over boosting the immune system. The region has been majorly dominated by the diseases such as obesity, diabetes, cardiovascular disease, etc. In addition, increasing obesity, owing to a rise in the sedentary lifestyle of the residents, has increased the health risks associated with immunity & cardiac diseases.
Hence, this led to an increase in the demand for probiotic supplements in countries such as Brazil, Chile, Colombia, etc., to minimize the disease burden. Hence, these factors are projected to undoubtedly support the sales of probiotic supplements in South America in the forecast years, further states the research report, "South America Probiotic Supplements Market Analysis, 2028."
Capsules to Dominate the South America Probiotic Supplements Market
Based on form, the market bifurcates into Tablets, Capsules, Gummies, Powder, Chewable, and Others (Sachets, Syrups, BFS vials, etc.). Among them, the Capsules form is anticipated to capture a considerable share in the South America Probiotic Supplements market in the forecast years. Capsules have a high comparative advantage over tablets as they are chewable for senior citizens & also reduce the formation of acids in the gastrointestinal tract.
Moreover, the advantages of probiotic supplements in capsule form, including faster relief from symptoms & higher bioavailability, are expected to proliferate the demand for probiotic supplements in the form of powder and capsules in the forthcoming years.
Pharmacies to Dominate the South America Probiotic Supplements Market
Based on the distribution channel, the market is segmented into Pharmacies, Health & Beauty Specialty Stores, Supermarkets & Hypermarkets, Convenience Stores, and Online Stores (Via E-commerce Players & Supplier Selling Via their Websites). Among them, the Pharmacies distribution channel is anticipated to acquire a significant share of the South America Probiotic Supplements market in the forthcoming years. The rising expansion & development of pharmaceutical units across South America to cater to the emerging medical needs of the residents ranging from infectious diseases, deficiency diseases, hereditary diseases, and physiological diseases, have notably boosted the demand for probiotics from pharmacies in the region.
In addition, probiotics often contain healthy bacteria such as lactobacillus rhamnosus, among others, which can cause certain allergies in a person intolerant to the product. In response, pharmacists were consulted to ensure optimal intake of probiotic supplements and minimize the risk of overdosing. Hence, these factors are projected to largely support the demand for probiotic supplements from pharmacies in the forecast years.
Brazil to Witness Substantial Growth in the Years to Come
Geographically, Brazil is foreseen to account for the largest market share in the South America Probiotic Supplements Market in the forthcoming years. The rise in awareness among individuals about the benefits of probiotic supplements to help minimize the disease burden across Brazil has increased the demand for probiotics in the country.
Additionally, increasing investments in R&D activities & the boost in psychobiotic manufacturing to curb the rising instances of anxiety & stress, among other physiological issues, are projected to stimulate the growth of the Probiotic Supplements market in the years to come.
Key Market Competitors
According to MarkNtel Advisors, the leading players in the South America Probiotic Supplements Market 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.)
Key Questions Answered in the Study
- What are the current & future trends in the South America Probiotic Supplements Market?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping across various countries, followed by their competitive landscape?
- What are the key growth drivers & challenges for the South America Probiotic Supplements Market?
- What are the customer orientation, purchase behavior, and expectations from product providers across various countries?
- By Form (Tablets, Capsules, Gummies, Powder, Chewable, Others)
- By End User (Infant, Kids, Adults)
- By Distribution Channel (Pharmacies, Health & Beauty Specialty Stores, Supermarkets & Hypermarkets, Convenience Stores, Online Stores (Via E-commerce Players, Supplier Selling Via Own Website))
- By Disease (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))
- By Country (Brazil, Argentina, Chile, Colombia, Rest of South America)
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