In a recent study, MarkNtel Advisors focused on the South America Probiotic Supplements Market. The market is anticipated to grow at a compound annual growth rate (CAGR) of about 3.97% from 2023 to 2028, according to the analysis. The research study looks at the base year of 2022 and spans the years 2018-21 in history. It offers a thorough study of the market's numerous facets, including its main drivers, restrictions, difficulties, and possibilities. The study also emphasizes current events, significant trends, and the contributions made by important players in the market.
In order to help stakeholders, make wise decisions in the upcoming years, the study intends to educate them on the market's ups and downs as well as provide a thorough analysis of competitors' tactics, developments, and profit margins over the study period.
To give readers a broader insight of the market dynamics, the research study also highlights several characteristics, such as sales networks, production rights, capital investments, economies of scale, and regulatory legislation, among others.
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The Dynamic of South America Probiotic Supplements Market –
Driving Factor –
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.
Major Challenges –
Extensive manufacturing and raw material cost of probiotics have notably hindered the revenue growth of the South America Probiotic Supplements market in developing countries such as Peru Venezuela, among others. Moreover, South American countries, including Venezuela Peru, among others except for Brazil, are highly dependent on imports which is a major factor leading to the high cost of probiotic supplements in the market. This restricted a wide variety of audiences in the Middle and Lower-middle Income group to opt for healthy diets, thereby constraining the growth potential of the probiotic supplements market.
Comprehensive Report Analysis:
- The analysis provides a comprehensive overview of the evolving market dynamics, offering unbiased and accurate insights into the South America Probiotic Supplements Market. It covers key trends, recent developments, drivers, opportunities, restraints, challenges, and more.
- Stakeholders can also gain an understanding of the status of various segments and regions, along with a clear definition of potential milestones that can be achieved during the forecast period.
- Our research report is comprehensive and prepared after rigorous analysis" means that our report is thorough and well-researched.
- Elucidating the key imperatives evolving around the market across the numerous industries, governments, geographical locations" means that we have identified the key trends and challenges affecting the market in a variety of settings.
- All these parameters are studied while analyzing the challenges opportunities sought by the competitors in the political interface" means that we have analyzed these factors to identify the opportunities and threats that competitors face in the political landscape.
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Top Companies in South America Probiotic Supplements Market
- 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.)
South America Probiotic Supplements Market segmentation analysis: the key to success.
The South America Probiotic Supplements market is a highly diverse and competitive market, with a variety of different segments. These segments include:
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
Each segment has its own unique set of challenges and opportunities. By understanding the different segments, businesses can better position themselves to succeed in the South America Probiotic Supplements market.
The report presents calculated accurate insights" means that the report provides data that has been carefully analyzed and verified. on the upcoming sales demand in terms of value volume of each segment between 2023 2028" means that the report provides data on the expected sales and demand for each segment in terms of both value and volume, over a specific period of time.
Such data enables the stakeholders to scale their business, customer base, brand visibility, and target niche in the market for strategic investments in the future" means that this data can help stakeholders make informed decisions about how to grow their business and reach their target audience.
Geographically, the industry is spread out among the following countries:
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
Besides this, information about all distributors, suppliers, retailers of the South America Probiotic Supplements Market operating across each of the above-cited regions/countries is also cited thoroughly in the research report.
Explore the Report's Framework: Get Oriented with the Table of Contents for a Clear Understanding
- Market Segmentation
- Introduction
- Executive Summary
- Market Porters Five Forces Analysis
- Market Technological Changes
- Market Trends Insights
- Market Dynamics
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About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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