South & Central America Probiotic Supplements Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Capsules and Tablets, Gummies, Powder, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
The South & Central America probiotic supplements market is expected to grow from US$ 571.15 million in 2022 to US$ 849.90 million by 2028. It is estimated to grow at a CAGR of 6.8% from 2022 to 2028.
Rising Strategic Development Initiatives is Driving the South & Central America Probiotic Supplements Market
The probiotic supplements market is growing with an upward trend, and manufacturers are making significant investments in research & development, partnerships, and collaborations to launch innovative products to tap into emerging market opportunities. Jarrow Formula launched probiotic gummy supplements in three variations—probiotic duo gummies, probiotic and prebiotic gummies, and probiotic and immune gummies. They are pectin-based, non-GMO (genetically modified organism), gluten-free, and vegetarian. They contain no artificial flavors, sweeteners, colors, or preservatives that address various consumer requirements. Such developments are expected to provide immense growth opportunities to the probiotic supplements market in the coming years. Consumers across the globe are getting familiar with probiotics and their potential benefits, leading to the introduction of innovative probiotic products in various delivery formats, including capsules, powders, liquids, and other forms. For instance, in 2018, Activ Nutritional LLC launched Viactiv Digestive Health Soft Chews with its proprietary, heat-treated, and dried Lactobacillus LB Fermentate, expanding the iconic Viactiv supplement brand into the digestive health category. Further, the manufacturers are expanding their retail network in various countries to widen their customer base and boost revenues. Thus, rising strategic development initiatives is expected to significantly drive the South & Central America probiotic supplements market.
Probiotic Supplements Market Overview
The South & Central America probiotic supplements market is segmented into Brazil, Argentina, and the Rest of South & Central America. The market is mainly driven by consumers’ awareness of health and wellness, the use of probiotic supplements and their associated benefits, the increasing prevalence of gastrointestinal and other diseases, and expenditure on preventative health management practices. Moreover, the stringent regulatory frameworks help consumers access trusted probiotic supplements. For instance, in February 2021, Brazilian National Health Surveillance Agency (ANVISA) updated rules on formulations, dosage and usage limits, and authorized health claims and labelling for food supplements. Hence, health claim approvals for dietary supplements and probiotics in Brazil are leading to product innovation. Moreover, advertising and promotional initiatives of dietary and nutrient supplements by leading players such as Amway, Bayer AG, Herbalife Nutrition Ltd., and retailers encourage consumers to adopt probiotic supplements. Additionally, online platforms in Brazil, and Argentina offering discounts on probiotic supplements and door-to-door delivery attract consumers. Thus, the ease of delivery options, and discounts encouraging the probiotic supplements sales across the region.
South & Central America Probiotic Supplements Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
South & Central America Probiotic Supplements Market Segmentation
The South & Central America probiotic supplements market is segmented into product type, distribution channel, and country.
Based on product type, the South & Central America probiotic supplements market is sub segmented into capsules and tablets, gummies, powder, and others. The capsules and tablets segment registered the largest market share in 2022.
Based on distribution channel, the South & Central America probiotic supplements market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held a larger market share in 2022.
Based on country, the South & Central America probiotic supplements market is segmented into Brazil, Argentina, and the Rest of South & Central America. The South & Central America dominated the market share in 2022.
Bayer AG; BioGaia AB; Church & Dwight Co., Inc.; GNC Holdings, LLC; Nature's Bounty; Nestlé S.A.; NOW Foods; and SFI Health are the leading companies operating in the South & Central America probiotic supplements market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. South & Central America Probiotic Supplements Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. South & Central America Probiotic Supplements Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Consumer Focus on Preventive Health
5.1.2 Rising Demand for Probiotic Supplements for Women’s Health
5.1.3 Increasing Awareness of Health Benefits of Probiotics for Infants and Kids
5.2 Market Restraints
5.2.1 Complexities and Variations in Regulations Worldwide
5.3 Market Opportunities
5.3.1 Rising Strategic Development Initiatives
5.4 Future Trends
5.4.1 Growing Preference for Gummy Formats of Probiotic Supplements
5.4.2 Rising Trend of Consuming Non-GMO and Vegan Probiotic Supplements.
5.5 Impact Analysis of Drivers and Restraint
6. Probiotic Supplements Market – South & Central America Market Analysis
6.1 South & Central America Probiotic Supplements Market –Revenue and Forecast to 2028
7. South & Central America Probiotic Supplements Market Analysis – By Product Type
7.1 Overview
7.2 South & Central America Probiotic Supplements Market, By Product Type (2021 and 2028)
7.3 Capsules and Tablets
7.3.1 Overview
7.3.2 Capsules and Tablets: South & Central America Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Gummies
7.4.1 Overview
7.4.2 Gummies: South & Central America Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Powder
7.5.1 Overview
7.5.2 Powder: South & Central America Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: South & Central America Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Probiotic Supplements Market Analysis – By Distribution Channel
8.1 Overview
8.2 South & Central America Probiotic Supplements Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: South & Central America Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: South & Central America Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: South & Central America Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: South & Central America Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Probiotic Supplements Market – Country Analysis
9.1 Overview
9.1.1 South & Central America: Probiotic Supplements Market, by Key Country
9.1.1.1 Brazil: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Probiotic Supplements Market, By Product Type
9.1.1.1.2 Brazil: Probiotic Supplements Market, by Distribution Channel
9.1.1.2 Argentina: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Probiotic Supplements Market, By Product Type
9.1.1.2.2 Argentina: Probiotic Supplements Market, by Distribution Channel
9.1.1.3 Rest of South & Central America: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South & Central America: Probiotic Supplements Market, By Product Type
9.1.1.3.2 Rest of South & Central America: Probiotic Supplements Market, by Distribution Channel
10. Industry Landscape
10.1 Product launch
10.2 Expansion
11. Company Profiles
11.1 Bayer AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BioGaia AB
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nestlé S.A.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 SFI Health
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 GNC Holdings, LLC
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Nature's Bounty
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Church & Dwight Co., Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 NOW Foods
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
LIST OF TABLES
Table 1. South & Central America Probiotic Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of South & Central America Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South & Central America Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
LIST OF FIGURES
Figure 1. South & Central America Probiotic Supplements Market Segmentation
Figure 2. South & Central America Probiotic Supplements Market Segmentation – By Country
Figure 3. South & Central America Probiotic Supplements Market Overview
Figure 4. South & Central America Probiotic Supplements Market, By Product
Figure 5. South & Central America Probiotic Supplements Market, By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. South & Central America Probiotic Supplements Market - Ecosystem
Figure 9. Probiotic Supplements Market Impact Analysis of Drivers and Restraints
Figure 10. South & Central America: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. South & Central America Probiotic Supplements Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. Capsules and Tablets: South & Central America Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Gummies: South & Central America Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Powder: South & Central America Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Others: South & Central America Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. South & Central America Probiotic Supplements Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 17. Supermarkets and Hypermarkets: South & Central America Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Specialty Stores: South & Central America Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Online Retail: South & Central America Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Others: South & Central America Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. South & Central America: Probiotic Supplements Market, by Key Country – Revenue (2021) (US$ Million)
Figure 22. South & Central America: Probiotic Supplements Market Revenue Share, by Key Country (2021 and 2028)
Figure 23. Brazil: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. Argentina: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of South & Central America: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
- Bayer AG
- BioGaia AB
- Church & Dwight Co., Inc.
- GNC Holdings, LLC
- Nature's Bounty
- Nestlé S.A.
- NOW Foods
- SFI Health
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America probiotic supplements market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South & Central America probiotic supplements market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the probiotic supplements market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution