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The Latin America probiotic supplements market size reached a value of approximately USD 103.48 million in 2023. The market is further expected to grow at a CAGR of 6.90% between 2024 and 2032, reaching a value of USD 153.8 million by 2032.
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.
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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.
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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.
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.
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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.
REPORT FEATURES | DETAILS |
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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:
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Breakup by Source |
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Breakup by Form |
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Breakup by Application |
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Breakup by End User |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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
In 2023, the market reached an approximate value of USD 103.48 million.
The market is expected to grow at a CAGR of 6.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 153.8 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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