South America Probiotic Supplements Market

South America Probiotic Supplements Market Research Report: Forecast (2023-2028)

By Form (Solid Form (Tablets, Capsules, Gummies, Powder, Chewable, Others)), By End User (Infant, Kids, Adults (16-35 Years, 36-50 Years, 51-65 Years, Above 66 Years)), By Distribu......tion Channel (Pharmacies, Health & Beauty Speciality Stores, Supermarkets & Hypermarkets, Convenience Stores, Online Stores (Via E-commerce Players, Supplier Selling Via Own Website)), 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)), By Country (Brazil, Argentina, Chile, Colombia, Rest of South America), By Company (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) Read more

Food & Beverages
May 2023
Pages 156
Report Format: PDF, Excel, PPT

Market Definition

Probiotic refers to bacteria or yeast that are conducive to human health by providing various benefits such as the prevention of multiple diseases as well as improving immunity. Probiotic supplements such as tablets, capsules, chewable, gummies, etc., are added to food products and are consumed along with the food to improve the nutritional intake, enhance immunity, and prevent diseases. Furthermore, the increasing consumer awareness about the health benefits of consuming probiotic supplements ranging from digestive health, oral care, immune boosters, etc., escalated the demand for probiotic supplements in the region.

Market Insights & Analysis: South America Probiotic Supplements Market (2023-28)

The South America Probiotic Supplements Market is projected to grow at a CAGR of 3.97% during the forecast period, 2023-28. The market growth imputes to the rising health concerns among the residents towards increasing immunity-based, cardiovascular, and digestive health issues in the citizens of Brazil, Chile, etc. The growing awareness among individuals about the benefits of probiotic supplements that effectively helps in balancing cholesterol levels, and boost immunity, among others, would further increase the consumption of probiotic supplements in the coming years.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	3.97%
Country Covered	Brazil, Argentina, Chile, Colombia, Rest of South America
Key Companies Profiled	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
Unit Denominations	USD Million/Billion

Additionally, the thriving e-commerce industry has also been positively impacting the market of probiotic supplements in South America. The availability of a wide range of probiotic supplements for various health-related benefits such as gastrointestinal health, immune health, oral health, skin health, etc., in online stores, coupled with impactful advertisements on social media has increased the demand for probiotics.

Market Trend

Introduction of Probiotic Supplements for Infants’ & Children's Health Improvement

Probiotic supplement for infant diet is a new trend that has gained traction across South America. The major reason for the growth is gastrointestinal-based disease prevention, due to which consumers are increasingly adopting probiotic supplements. The launch of various kinds of probiotic supplements for babies, such as DanActive yogurt drinks, in the form of powder & liquid to add to their regular diets & support the well-being of the infants has notably increased the demand for probiotic supplements in the region.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Impact of COVID-19 on South America Probiotic Supplements Market
South America Probiotic Supplements Market Trends & Insights
South America Probiotic Supplements Market Dynamics
1. Drivers
2. Challenges
South America Probiotic Supplements Market Regulations & Policies
South America Probiotic Supplements Market Supply Chain Analysis
South America Probiotic Supplements Market Hotspots & Opportunities
South America Probiotic Supplements Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Form
    1. Solid Form
      1. Tablets
        
        By End User
        
        Kids (3.1 to 15 years)
        
        Adults (Above 15 years)
      2. Capsules
        
        By End User
        
        Kids (3.1 to 15 years)
        
        Adults (Above 15 years)
      3. Gummies
        
        By End User
        
        Kids (3.1 to 15 years)
        
        Adults (Above 15 years)
      4. Powder
        
        By End User
        
        Infants (Upto 3 Years)
        
        Kids (3.1 to 15 years)
        
        Adults (Above 15 years)
      5. Chewable
        
        By End User
        
        Kids (3.1 to 15 years)
        
        Adults (Above 15 years)
      6. Others (Sachets, Syrups, BFS vials, etc.)
  2. By End User
    1. Infant
    2. Kids
    3. Adults
      1. 16-35 Years
      2. 36-50 Years
      3. 51-65 Years
      4. Above 66 Years
  3. By Distribution Channel
    1. Pharmacies
    2. Health & Beauty Speciality Stores
    3. Supermarkets & Hypermarkets
    4. Convenience Stores
    5. Online Stores
      1. Via E-commerce Players
      2. Supplier Selling Via Own Website
  4. By Diseases
    1. Digestive Health
      1. Lactose Intolerance
      2. Constipation
      3. Others (Ulcerative Colitis, Colic, etc.)
    2. Irritable Bowel Syndrome (IBS)
    3. Oral Disease
    4. Immunity-based Disease
    5. Others
      1. Cardiovascular Diseases
      2. Respiratory Infections
      3. Obesity
      4. Memory/Mood/Relaxing
  5. By Country
    1. Brazil
    2. Argentina
    3. Chile
    4. Colombia
    5. Rest of South America
  6. By Company
    1. Competition Characteristics
    2. Market Share of Leading Companies
3. Brazil Probiotic Supplements Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Form
    2. By End User
4. Argentina Probiotic Supplements Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Form
    2. By End User
5. Chile Probiotic Supplements Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Form
    2. By End User
6. Colombia Probiotic Supplements Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Form
    2. By End User
South America Probiotic Supplements Market Key Strategic Imperatives for Growth & Success
Competition Outlook
1. Competition Matrix
  1. Brand Specialization
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
2. Company Profiles
  1. Yakult SA Industria E Comercio
  2. BioGaia
  3. Bayer AG
  4. Kerry Group
  5. Nestle SA
  6. Novartis SA
  7. Archer Daniel Midland Company
  8. Danone Group
  9. FrieslandCampina Ingredients
  10. The Procter & Gamble Company
  11. Others (Kevita (PepsiCo Inc.), Chr. Hansen Holding A/S, etc.)
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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