MarkNtel Advisors has recently published a research report that delves into the South America Probiotic Supplements Market Research Report: Forecast (2023-2028). This report aims to improve user comprehension and facilitate informed decision-making by thoroughly examining significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. Utilizing both qualitative and quantitative data, the report provides a comprehensive overview, offering detailed growth prospects and succinct insights into competitors to familiarize both established businesses and newcomers with the current market scenario.
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South America Probiotic Supplements Market Insight and Analysis:
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 Driver:
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.
South America Probiotic Supplements Industry Segmentation Insights:
-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
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-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
Top Companies in Global South America Probiotic Supplements Market : 2023-2028
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company's profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, 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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