LATIN AMERICA PROBIOTICS MARKET 2022-2028

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The probiotics market in Latin America is predicted to showcase growth, with a CAGR of 6.72% over the forecasting duration from 2022 to 2028, as per our report.

SKU: TR-176-2022 Category: Tag:

Description

MARKET OUTLOOK

The probiotics market in Latin America is predicted to showcase growth, with a CAGR of 6.72% over the forecasting duration from 2022 to 2028, as per our report. Mexico, Brazil, and Rest of Latin America are assessed in the market in this region.
Probiotics aimed at adults as well as for children are gaining popularity in the region. Similarly, these products are also largely being given to animals too. Several pet owners are now increasingly concerned about the well-being and nutrition of their pets, and have thus turned to probiotic solutions. These factors are supporting the market expansion in Latin America.
Rapid growth in the income of the middle-class population and the increase in the disposable income of consumers are seen in Mexico, which are important drivers for the probiotics market. Growing consumer awareness about health and nutrition has further bolstered the demand for probiotics. Mexicans largely prefer to consume probiotics in the form of beverages and nutritional supplements.
Whereas, innovation is a key focus area of several companies in Rest of Latin America. For instance, as a part of Start-Up Chile, a public startup initiative by the Chilean Government, Bifidice introduced probiotic ice cream as a healthy twist to the traditionally consumed dessert, in 2020. Further, pet food manufacturers are also eyeing growth by launching new and innovative products. These developments are estimated to augment the market’s growth in the coming years.

COMPETITIVE OUTLOOK

Major players operating in the probiotics market include PharmaCare Laboratories Pty Ltd, Probi AB, Danone SA, Nestlé Inc, KeVita Inc, The Clorox Company, General Mills Inc, and BioGaia AB.

TABLE OF CONTENTS

1. LATIN AMERICA PROBIOTICS MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE PROBIOTICS MARKET
2.2. KEY INSIGHTS
2.2.1. RISE IN ACQUISITIONS TO EXPAND PRODUCT PORTFOLIO
2.2.2. INNOVATIVE PROBIOTIC PRODUCT FORMULATIONS IN TREND
2.2.3. PROBIOTIC RECOMMENDATIONS BY HEALTH PRACTITIONERS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. KEY IMPACT ANALYSIS
2.4.1. BRAND NAME
2.4.2. PRODUCT AVAILABILITY
2.4.3. REGULATORY CERTIFICATIONS
2.4.4. INTENDED END-USE
2.5. MARKET ATTRACTIVENESS INDEX
2.6. VENDOR SCORECARD
2.7. INDUSTRY COMPONENTS
2.8. REGULATORY FRAMEWORK
2.9. KEY MARKET STRATEGIES
2.9.1. PRODUCT LAUNCHES
2.9.2. ACQUISITIONS
2.9.3. PARTNERSHIPS
2.10. MARKET DRIVERS
2.10.1. PREVENTIVE HEALTHCARE DEMAND DUE TO RISING CONSUMER AWARENESS
2.10.2. GROWING THREAT OF ANTIBIOTIC RESISTANCE
2.10.3. NOVEL TECHNOLOGIES FOR PRODUCT DELIVERY
2.11. MARKET CHALLENGES
2.11.1. EXPENSIVE LOGISTICS CHAIN
2.11.2. INDISTINCT REGULATORY FRAMEWORK
2.12. MARKET OPPORTUNITIES
2.12.1. GROWING USE OF PROBIOTICS IN THE COSMETIC INDUSTRY
2.12.2. DEMAND FOR PSYCHOBIOTICS
3. LATIN AMERICA PROBIOTICS MARKET OUTLOOK – BY STRAIN
3.1. BACTERIA
3.1.1. BIFIDOBACTERIUM SPP.
3.1.2. LACTOBACILLUS SPP.
3.1.3. OTHER SPP.
3.2. YEAST
4. LATIN AMERICA PROBIOTICS MARKET OUTLOOK – BY DIET PREFERENCE
4.1. PLANT-BASED PRODUCTS
4.2. ANIMAL-BASED PRODUCTS
5. LATIN AMERICA PROBIOTICS MARKET OUTLOOK – BY SALES CHANNEL
5.1. ONLINE SALES CHANNEL
5.2. OFFLINE SALES CHANNEL
5.2.1. CONVENIENCE STORES
5.2.2. PHARMACIES
5.2.3. SUPERMARKETS
5.2.4. OTHER OFFLINE SALES CHANNELS
6. LATIN AMERICA PROBIOTICS MARKET OUTLOOK – BY END-USE
6.1. PROBIOTIC FOODS
6.1.1. BAKERY/BREAKFAST CEREALS
6.1.2. YOGURT
6.1.3. CONFECTIONERY
6.1.4. BABY FORMULAS
6.1.5. OTHER PRODUCTS
6.2. PROBIOTIC BEVERAGES
6.2.1. DAIRY-BASED BEVERAGES
6.2.2. FRUIT-BASED BEVERAGES
6.2.3. OTHER BEVERAGES
6.3. NUTRITIONAL SUPPLEMENTS
6.3.1. POWDERS
6.3.2. CAPSULES
6.3.3. GUMMIES
6.3.4. OTHER NUTRITIONAL SUPPLEMENTS
6.4. VETERINARY FEED
6.5. COSMETICS
7. LATIN AMERICA PROBIOTICS MARKET – COUNTRY OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST OF LATIN AMERICA
8. COMPETITIVE LANDSCAPE
8.1. LIFEWAY FOODS INC
8.2. KERRY GROUP PLC
8.3. I-HEALTH INC
8.4. YAKULT HONSHA CO LTD
8.5. JARROW FORMULAS INC
8.6. NESTLÉ INC
8.7. CHURCH & DWIGHT CO
8.8. GENERAL MILLS INC
8.9. BIOGAIA AB
8.10. PROBI AB
8.11. KEVITA INC
8.12. CHR HANSEN HOLDING AS
8.13. DANONE SA
8.14. PHARMACARE LABORATORIES PTY LTD
8.15. THE CLOROX COMPANY
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY

LIST OF TABLES

TABLE 1: LATIN AMERICA PROBIOTICS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: LIST OF NOTABLE ACQUISITIONS IN THE PROBIOTICS MARKET
TABLE 3: VENDOR SCORECARD
TABLE 4: REGULATORY FRAMEWORK
TABLE 5: LIST OF PRODUCT LAUNCHES
TABLE 6: LIST OF ACQUISITIONS
TABLE 7: LIST OF PARTNERSHIPS
TABLE 8: LATIN AMERICA PROBIOTICS MARKET, BY DIET PREFERENCE, 2022-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA PROBIOTICS MARKET, BY STRAIN, 2022-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA PROBIOTICS MARKET, BY BACTERIA, 2022-2028 (IN $ MILLION)
TABLE 11: LATIN AMERICA PROBIOTICS MARKET, BY SALES CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 12: LATIN AMERICA PROBIOTICS MARKET, BY OFFLINE SALES CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 13: LATIN AMERICA PROBIOTICS MARKET, BY END-USE, 2022-2028 (IN $ MILLION)
TABLE 14: LATIN AMERICA PROBIOTICS MARKET, BY PROBIOTIC FOODS, 2022-2028 (IN $ MILLION)
TABLE 15: LATIN AMERICA PROBIOTICS MARKET, BY PROBIOTIC BEVERAGES, 2022-2028 (IN $ MILLION)
TABLE 16: LATIN AMERICA PROBIOTICS MARKET, BY NUTRITIONAL SUPPLEMENTS, 2022-2028 (IN $ MILLION)
TABLE 17: LATIN AMERICA PROBIOTICS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: PROPOSED HEALTH BENEFITS OF PROBIOTICS
FIGURE 2: KEY BUYING IMPACT ANALYSIS
FIGURE 3: MARKET ATTRACTIVENESS INDEX
FIGURE 4: INDUSTRY COMPONENTS
FIGURE 5: LATIN AMERICA PROBIOTICS MARKET, BY STRAIN, 2021 & 2028 (IN %)
FIGURE 6: LATIN AMERICA PROBIOTICS MARKET, BY BACTERIA, 2022-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA PROBIOTICS MARKET, BY BACTERIA, 2021 & 2028 (IN %)
FIGURE 8: LATIN AMERICA PROBIOTICS MARKET, BY BIFIDOBACTERIUM SPP., 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA PROBIOTICS MARKET, BY LACTOBACILLUS SPP., 2022-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA PROBIOTICS MARKET, BY OTHER SPP., 2022-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA PROBIOTICS MARKET, BY YEAST, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA PROBIOTICS MARKET, BY DIET PREFERENCE, 2021 & 2028 (IN %)
FIGURE 13: LATIN AMERICA PROBIOTICS MARKET, BY PLANT-BASED PRODUCTS, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA PROBIOTICS MARKET, BY ANIMAL-BASED PRODUCTS, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA PROBIOTICS MARKET, BY SALES CHANNEL, 2021 & 2028 (IN %)
FIGURE 16: LATIN AMERICA PROBIOTICS MARKET, BY ONLINE SALES CHANNEL, 2022-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA PROBIOTICS MARKET, BY OFFLINE SALES CHANNEL, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA PROBIOTICS MARKET, BY OFFLINE SALES CHANNEL, 2021 & 2028 (IN %)
FIGURE 19: LATIN AMERICA PROBIOTICS MARKET, BY CONVENIENCE STORES, 2022-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA PROBIOTICS MARKET, BY PHARMACIES, 2022-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA PROBIOTICS MARKET, BY SUPERMARKETS, 2022-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA PROBIOTICS MARKET, BY OTHER OFFLINE SALES CHANNEL, 2022-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA PROBIOTICS MARKET, BY END-USE, 2021 & 2028 (IN %)
FIGURE 24: LATIN AMERICA PROBIOTICS MARKET, BY PROBIOTIC FOODS, 2022-2028 (IN $ MILLION)
FIGURE 25: LATIN AMERICA PROBIOTICS MARKET, BY PROBIOTIC FOODS, 2021 & 2028 (IN %)
FIGURE 26: LATIN AMERICA PROBIOTICS MARKET, BY BAKERY/BREAKFAST CEREALS, 2022-2028 (IN $ MILLION)
FIGURE 27: LATIN AMERICA PROBIOTICS MARKET, BY YOGURT, 2022-2028 (IN $ MILLION)
FIGURE 28: LATIN AMERICA PROBIOTICS MARKET, BY CONFECTIONERY, 2022-2028 (IN $ MILLION)
FIGURE 29: LATIN AMERICA PROBIOTICS MARKET, BY BABY FORMULAS, 2022-2028 (IN $ MILLION)
FIGURE 30: LATIN AMERICA PROBIOTICS MARKET, BY OTHER PRODUCTS, 2022-2028 (IN $ MILLION)
FIGURE 31: LATIN AMERICA PROBIOTICS MARKET, BY PROBIOTIC BEVERAGES, 2022-2028 (IN $ MILLION)
FIGURE 32: LATIN AMERICA PROBIOTICS MARKET, BY PROBIOTIC BEVERAGES, 2021 & 2028 (IN %)
FIGURE 33: LATIN AMERICA PROBIOTICS MARKET, BY DAIRY-BASED BEVERAGES, 2022-2028 (IN $ MILLION)
FIGURE 34: LATIN AMERICA PROBIOTICS MARKET, BY FRUIT-BASED BEVERAGES, 2022-2028 (IN $ MILLION)
FIGURE 35: LATIN AMERICA PROBIOTICS MARKET, BY OTHER BEVERAGES, 2022-2028 (IN $ MILLION)
FIGURE 36: LATIN AMERICA PROBIOTICS MARKET, BY NUTRITIONAL SUPPLEMENTS, 2022-2028 (IN $ MILLION)
FIGURE 37: LATIN AMERICA PROBIOTICS MARKET, BY NUTRITIONAL SUPPLEMENTS, 2021 & 2028 (IN %)
FIGURE 38: LATIN AMERICA PROBIOTICS MARKET, BY POWDERS, 2022-2028 (IN $ MILLION)
FIGURE 39: LATIN AMERICA PROBIOTICS MARKET, BY CAPSULES, 2022-2028 (IN $ MILLION)
FIGURE 40: LATIN AMERICA PROBIOTICS MARKET, BY GUMMIES, 2022-2028 (IN $ MILLION)
FIGURE 41: LATIN AMERICA PROBIOTICS MARKET, BY OTHER NUTRITIONAL SUPPLEMENTS, 2022-2028 (IN $ MILLION)
FIGURE 42: LATIN AMERICA PROBIOTICS MARKET, BY VETERINARY FEED, 2022-2028 (IN $ MILLION)
FIGURE 43: LATIN AMERICA PROBIOTICS MARKET, BY COSMETICS, 2022-2028 (IN $ MILLION)
FIGURE 44: LATIN AMERICA PROBIOTICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 45: BRAZIL PROBIOTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 46: MEXICO PROBIOTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 47: REST OF LATIN AMERICA PROBIOTICS MARKET 2022-2028 (IN $ MILLION)

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Companies Mentioned

1. LIFEWAY FOODS INC
2. KERRY GROUP PLC
3. I-HEALTH INC
4. YAKULT HONSHA CO LTD
5. JARROW FORMULAS INC
6. NESTLÉ INC
7. CHURCH & DWIGHT CO
8. GENERAL MILLS INC
9. BIOGAIA AB
10. PROBI AB
11. KEVITA INC
12. CHR HANSEN HOLDING AS
13. DANONE SA
14. PHARMACARE LABORATORIES PTY LTD
15. THE CLOROX COMPANY

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