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Latin America Probiotic Supplements Market

Latin America Probiotic Supplements Market Share, Size, Analysis, Growth, Forecast: By Source: Bacteria, Yeast, Others; By Form: Liquid, Dry; By Application: Gastrointestinal Health, Immune Health, Oral Health, Urinary Tract Health, Vaginal Health, Others; By End User; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032

Latin America Probiotic Supplements Market Outlook

The Latin America probiotic supplements market size reached a value of approximately USD 110.62 million in 2023. The market is further expected to grow at a CAGR of 6.80% between 2024 and 2032, reaching a value of USD 200.85 million by 2032.

 

Key Trends in the Market

Probiotics refer to live microorganisms such as good bacteria or yeasts that are naturally present in the body, and they help in eliminating bad bacteria to avoid infection or diseases. To boost the probiotic volume in a person’s body, probiotic supplements are used to provide additional good bacteria. Probiotic supplements help in keeping the body healthy, create vitamins, breakdown and absorb medications and help support cells to prevent bad bacteria.

 

Latin America Probiotic Supplements Market

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  • The use of probiotics in liquid drinks and beverages has gained popularity in the region which is fuelling the Latin America probiotic supplements market. Multiple beverage brands are introducing liquid drinks with different flavours in their probiotic supplement section which is attracting many customers in Latin America.
  • Consumers with lactose intolerance are inclining more towards non-dairy probiotic products which have low-levels of cholesterol and lactose. The convenience of incorporating probiotics is an on-going trend which is boosting the market in the region. Increased awareness for such non-dairy products and rising customer preference towards healthy snacks like probiotic yogurts and drinks are expanding the Latin America probiotic supplements market.
  • The rising use of probiotic supplements by multiple pharmaceutical companies in the region is one of the key trends for the growth of the probiotic supplements market. Female consumers are shifting towards intaking healthy ingredients in their regular diets like prenatal probiotics capsules and gummies owing to the increased focus on maternity health and the advantages of probiotic supplements.

 

Market Analysis

Based on source, the market is segmented into bacteria, and yeast among others. On the basis of form, the market is bifurcated into liquid and dry, with dry further divided based on type into capsules, chewables and gummies, tablets and softgels, and powder, among others. On the basis of application, the market is classified into gastrointestinal health, immune health, oral health, urinary tract health, and vaginal health, among others. Based on end user, the market is segmented into infants, children, adults, and geriatric. On the basis of distribution channel, the market is divided into hypermarkets and supermarkets, pharmacies, and online, among others. By country, the probiotic supplements market in Latin America is divided into Brazil, Argentina, Mexico, Chile, Colombia, Peru, Ecuador, and Central America.

 

Latin America Probiotic Supplements Market

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America probiotic supplements market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Nestlé Health Science S.A.
  • Biogaia AB
  • Procter & Gamble
  • AB-Biotics, S.A.
  • Farmoquímica SA
  • Herbalife International, Inc.
  • Grupo Omnilife, S.A. de C.V.
  • Farmaceutica Medcell Limitada
  • Others

 

Market Share by Form

Based on form, liquid probiotic supplements account for a larger share in the Latin America probiotic supplements market. With growing awareness of the health benefits of probiotic and increasing preference for flavoured drinks and beverages like probiotic yogurt and smoothies, there is a rising demand for liquid probiotic supplements. Consumers are now preferring probiotic drinks over soft drinks due to their beneficial properties like gut health and digestion. The increased inclination towards probiotic liquid due to multiple health benefits is aiding the growth of the overall probiotic supplements market in Latin America.

 

Latin America Probiotic Supplements Market

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Competitive Landscape

Nestlé Health Science S.A. is a globally recognised company in nutritional science which was founded in 2011 and is headquartered in Vevey, Switzerland. They offer a wide range of products from active lifestyle nutrition and pharmaceutical therapies to medical nutrition.

 

BioGaia AB is a Swedish biotechnology company founded in 1990 and headquartered in Stockholm, Sweden. They specialise in a variety of products for baby and child gut health, adult gut health, probiotic gastrointestinal health, oral and bone health.

 

Procter & Gamble is an American consumer goods company which is headquartered in Ohio in the United States and was founded in 1837. They have a wide range of products that include conditioners, shampoos, toothbrushes, detergents, and more.

 

Other market players include AB-Biotics, S.A., Farmoquímica SA, Herbalife International, Inc., Grupo Omnilife, S.A. de C.V., and Farmaceutica Medcell Limitada, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • Form
  • Application
  • End User
  • Distribution Channel
  • Region
Breakup by Source
  • Bacteria
  • Yeast
  • Others
Breakup by Form
  • Liquid
  • Dry
Breakup by Application
  • Gastrointestinal Health
  • Immune Health
  • Oral Health
  • Urinary Tract Health
  • Vaginal Health
  • Others
Breakup by End User
  • Infants
  • Children
  • Adults
  • Geriatric
Breakup by Distribution Channel
  • Hypermarkets and Supermarkets
  • Pharmacies
  • Online
  • Others
Breakup by Region
  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Colombia
  • Peru
  • Ecuador
  • Central America
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nestlé Health Science S.A.
  • Biogaia AB
  • Procter & Gamble
  • AB-Biotics, S.A.
  • Farmoquímica SA
  • Herbalife International, Inc.
  • Grupo Omnilife, S.A. de C.V.
  • Farmaceutica Medcell Limitada
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Market Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Industry Opportunities and Challenges
8    Latin America Probiotic Supplements Market Overview

    8.1    Key Industry Highlights
    8.2    Latin America Probiotic Supplements Historical Market (2018-2023)
    8.3    Latin America Probiotic Supplements Market Forecast (2024-2032)
9    Latin America Probiotic Supplements Market by Source
    9.1    Bacteria
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Yeast
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Others
10    Latin America Probiotic Supplements Market by Form
    10.1    Liquid
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Dry
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
        10.2.3    Breakup by Type
            10.2.3.1    Capsules
            10.2.3.2    Chewables and Gummies
            10.2.3.3    Tablets and Softgels
            10.2.3.4    Powder
            10.2.3.5    Others
11    Latin America Probiotic Supplements Market by Application
    11.1    Gastrointestinal Health
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Immune Health
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Oral Health 
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Urinary Tract Health
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Vaginal Health
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Probiotic Supplements Market by End User
    12.1    Infants
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Children
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Adults
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Geriatric
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
13    Latin America Probiotic Supplements Market by Distribution Channel
    13.1    Hypermarkets and Supermarkets
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Pharmacies
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Online
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Others
14    Latin America Probiotic Supplements Market by Country
    14.1    Brazil
        14.1.1    Historical Trend (2018-2023)
        14.1.2    Forecast Trend (2024-2032)
        14.1.3    Market by Source
        14.1.4    Market by Form
        14.1.5    Market by Application
        14.1.6    Market by End User
        14.1.7    Market by Distribution Channel
    14.2    Argentina
        14.2.1    Historical Trend (2018-2023)
        14.2.2    Forecast Trend (2024-2032)
        14.2.3    Market by Source
        14.2.4    Market by Form
        14.2.5    Market by Application
        14.2.6    Market by End User
        14.2.7    Market by Distribution Channel
    14.3    Mexico
        14.3.1    Historical Trend (2018-2023)
        14.3.2    Forecast Trend (2024-2032)
        14.3.3    Market by Source
        14.3.4    Market by Form
        14.3.5    Market by Application
        14.3.6    Market by End User
        14.3.7    Market by Distribution Channel
    14.4    Chile
        14.4.1    Historical Trend (2018-2023)
        14.4.2    Forecast Trend (2024-2032)
        14.4.3    Market by Source
        14.4.4    Market by Form
        14.4.5    Market by Application
        14.4.6    Market by End User
        14.4.7    Market by Distribution Channel
    14.5    Colombia
        14.5.1    Historical Trend (2018-2023)
        14.5.2    Forecast Trend (2024-2032)
        14.5.3    Market by Source
        14.5.4    Market by Form
        14.5.5    Market by Application
        14.5.6    Market by End User
        14.5.7    Market by Distribution Channel
    14.6    Peru
        14.6.1    Historical Trend (2018-2023)
        14.6.2    Forecast Trend (2024-2032)
        14.6.3    Market by Source
        14.6.4    Market by Form
        14.6.5    Market by Application
        14.6.6    Market by End User
        14.6.7    Market by Distribution Channel
    14.7    Ecuador
        14.7.1    Historical Trend (2018-2023)
        14.7.2    Forecast Trend (2024-2032)
        14.7.3    Market by Source
        14.7.4    Market by Form
        14.7.5    Market by Application
        14.7.6    Market by End User
        14.7.7    Market by Distribution Channel
    14.8    Central America
        14.8.1    Historical Trend (2018-2023)
        14.8.2    Forecast Trend (2024-2032)
        14.8.3    Market by Source
        14.8.4    Market by Form
        14.8.5    Market by Application
        14.8.6    Market by End User
        14.8.7    Market by Distribution Channel
15    Market Dynamics
    15.1    SWOT Analysis
        15.1.1    Strengths
        15.1.2    Weaknesses
        15.1.3    Opportunities
        15.1.4    Threats
    15.2    Porter’s Five Forces Analysis
        15.2.1    Supplier’s Power
        15.2.2    Buyers Powers 
        15.2.3    Threat of New Entrants
        15.2.4    Degree of Rivalry
        15.2.5    Threat of Substitutes
    15.3    Key Indicators for Demand
    15.4    Key Indicators for Price
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Nestlé Health Science S.A.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Biogaia AB
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Procter & Gamble
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    AB-Biotics, S.A.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Farmoquímica SA
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Herbalife International, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Grupo Omnilife, S.A. de C.V.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Farmaceutica Medcell Limitada
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Latin America Probiotic Supplements Market: Key Industry Highlights, 2018 and 2032 
2.    Latin America Probiotic Supplements Historical Market: Breakup by Source (USD Million), 2018-2023
3.    Latin America Probiotic Supplements Market Forecast: Breakup by Source (USD Million), 2024-2032
4.    Latin America Probiotic Supplements Historical Market: Breakup by Form (USD Million), 2018-2023
5.    Latin America Probiotic Supplements Market Forecast: Breakup by Form (USD Million), 2024-2032
6.    Latin America Probiotic Supplements Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Latin America Probiotic Supplements Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Latin America Probiotic Supplements Historical Market: Breakup by End User (USD Million), 2018-2023
9.    Latin America Probiotic Supplements Market Forecast: Breakup by End User (USD Million), 2024-2032
10.    Latin America Probiotic Supplements Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
11.    Latin America Probiotic Supplements Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12.    Latin America Probiotic Supplements Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Latin America Probiotic Supplements Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Probiotic Supplements Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 110.62 million.

The market is expected to grow at a CAGR of 6.80% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 200.85 million by 2032.

Rising awareness regarding the advantages of probiotic supplements, increased use of probiotic liquid and beverages, and growing demand for pharmaceutical products with probiotics are the major drivers for the market.

The key trends of the market are flavoured probiotic, use of probiotics in various recipes, increasing availability of probiotic supplements, and growing intake of pre-natal probiotics.

The major countries in the probiotic supplements market in Latin America are Brazil, Argentina, Mexico, Chile, Colombia, Peru, Ecuador, and Central America.

The key distribution channels for probiotic supplements in Latin America are hypermarkets and supermarkets, pharmacies, and online, among others.

The key players in the Latin America probiotic supplements market, according to the report are Nestlé Health Science S.A., Biogaia AB, Procter & Gamble, AB-Biotics, S.A., Farmoquímica SA, Herbalife International, Inc., Grupo Omnilife, S.A. de C.V., and Farmaceutica Medcell Limitada, among others.

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