Latin America Eubiotics Market Size & Outlook, 2022-2030
Latin America eubiotics market, 2018-2030 (US$M)
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Latin America eubiotics market highlights
- The Latin America eubiotics market generated a revenue of USD 114.1 million in 2022.
- The market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, probiotics was the largest revenue generating product in 2022.
- Probiotics is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 114.1 million |
| Market revenue in 2030 | USD 187.2 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Probiotics |
| Fastest growing segment | Probiotics |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Probiotics, Prebiotics, Organic Acids, Phtyogenics |
| Key market players worldwide | DSM Firmenich AG, Mitsui & Co Ltd, Lallemand, Beneo, Kemin Industries, DuPont de Nemours Inc, Novonesis AS ADR, Associated British Foods PLC, Novozymes, Evonik Industries AG, Basf SE, Cargill, Archer-Daniels Midland Co, China National Bluestar Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.3% of the global eubiotics market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 2,654.2 million by 2030.
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Eubiotics Market Scope
Eubiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America eubiotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to eubiotics market will help companies and investors design strategic landscapes.
Probiotics was the largest segment with a revenue share of 36.72% in 2022. Horizon Databook has segmented the Latin America eubiotics market based on probiotics, prebiotics, organic acids, phtyogenics covering the revenue growth of each sub-segment from 2018 to 2030.
The above chart depicts the type of meat consumed in Brazil, with beef accounting for 40% of the total consumption, followed by chicken. In addition, Brazil is one of the major producers and exporters of meat across the world.
Rising meat consumption in the country has propelled the demand for high-quality meat production, which is anticipated to drive the consumption of feed additives in livestock sector. This is expected to drive the demand for eubiotics ingredients in feed additives industry.
The country is continuously striving toward producing disease-free, high-quality meat products. Commonly occurring diseases, such as bovine spongiform encephalopathy (BSE), are a major threat to meat processors as infected meat is hazardous for human consumption.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America eubiotics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America eubiotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America eubiotics market size, by country, 2018-2030 (US$M)
Latin America Eubiotics Market Outlook Share, 2022 & 2030 (US$M)
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