The South America Probiotic Supplements Market is projected to grow at a CAGR of 3.97% during the forecast period, 2023-28.                                       

South America Probiotic Supplements Market Dynamics:

Key Driver: 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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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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South America Probiotic Supplements Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Form
• Solid Form
• Tablets
• By End User
• Kids (3.1 to 15 years)
• Adults (Above 15 years)
• Capsules
• By End User
• Kids (3.1 to 15 years)
• Adults (Above 15 years)
• Gummies
• By End User
• Kids (3.1 to 15 years)
• Adults (Above 15 years)
• Powder
• By End User
• Infants (Upto 3 Years)
• Kids (3.1 to 15 years)
• Adults (Above 15 years)
• Chewable
• By End User
• Kids (3.1 to 15 years)
• Adults (Above 15 years)
• Others (Sachets, Syrups, BFS vials, etc.)
• 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
• 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

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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

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