Market by Strain, Diet Preference, Sales Channel, End-use, and Country Outlook | Forecast 2022-2028
As per Triton Market Research’s report, the probiotics market in Latin America is estimated to develop with a CAGR of 6.72% over the forecast years from 2022 to 2028.
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The countries analyzed in this region include:
• Mexico
• Brazil
• Rest of Latin America
In Latin America, Brazil is expected to grow the
fastest in the probiotics market. Several key players in the market are stepping into the Latin America
region to offer probiotic products as a number of consumers are looking to
increase their consumption of probiotic supplements due to growing awareness.
However, a major section of the population here still requires more exposure
and knowledge regarding the benefits of probiotics, and this is likely to slow
down the market’s growth.
In Mexico, an increasing number of pet owners turned to probiotics to
address the health or digestive issues of their dogs. In 2020, Charles &
Alice expanded its very successful fruit-based probiotic products range. Called
‘Charles & Alice Kids! Fruit Probiotics,’ this product is now widely
distributed across the nation. Such developments are fueling the probiotics
market’s growth.
Whereas, in Brazil, consumers also include supplements in their regular
diets owing to the rising focus on their diet, health, and nutrition. As a
result, a number of manufacturers, formulators, and businesses now offer
probiotics for digestive health. ColiKids and Simbioflora are two such local
brands offering probiotic products. These factors are expected to accelerate
the market’s growth in the coming years.
Probiotic powders are simpler to store as they have a long shelf life due
to their low water content. Various such powdered probiotics are added to baby
formulas. Probiotic powders can also be blended or sprinkled on yogurt, cereal
bowls, and other foods and beverages to enhance their health benefits. Powder
packets are currently witnessing increased demand owing to their single-serve
packaging.
The studied report assesses the market’s growth
according to end-use, strain, diet preference, and sales channel. Here, the end-use segment comprises nutritional
supplements, probiotic beverages, probiotic foods, veterinary feed, and
cosmetics. The nutritional supplements segment consists of powders, capsules,
gummies, and other nutritional supplements.
The notable players in the probiotics market
include Jarrow Formulas Inc, Church & Dwight Co, The Clorox Company, Nestlé
Inc, PharmaCare Laboratories Pty Ltd, Yakult Honsha Co Ltd, I-Health Inc, and
Danone SA.
Founded in 1874, Chr Hansen Holding AS is an international bioscience
company that develops solutions for the nutritional, food & beverage,
agricultural, and pharmaceutical industries. The company’s product line
consists of probiotics for human and animal health, food cultures, and enzymes.
The company has a notable presence in Latin America.
In August 2021, Chr Hansen Holding launched a line-up of three live
probiotics - Chr. Hansen Pet-Provital™, Chr. Hansen Pet-Proessentials™ &
Chr. Hansen Pet-Prostart™ - each covering the dogs’ and cats’ health needs
related to a specific life stage.
Key deliverables of the
report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the probiotics market revenue growth in Latin America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model
●
A wide-ranging study of factors that will challenge the Latin
America probiotics market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
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VIEW REPORT1. 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
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)
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)