LATIN AMERICA PROBIOTICS MARKET 2022-2028

Consumer Goods & Services | Personal Care Products

LATIN AMERICA PROBIOTICS MARKET 2022-2028

Market by Strain, Diet Preference, Sales Channel, End-use, and Country Outlook | Forecast 2022-2028

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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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Table of Content

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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