Latin America Prebiotics Market Size & Outlook, 2023-2030
Latin America prebiotics market, 2018-2030 (US$M)
Related Markets
Latin America prebiotics market highlights
- The Latin America prebiotics market generated a revenue of USD 751.5 million in 2023.
- The market is expected to grow at a CAGR of 14.8% from 2024 to 2030.
- In terms of segment, inulin was the largest revenue generating type in 2023.
- Xylo-oligosaccharides is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 751.5 million |
| Market revenue in 2030 | USD 1,974.8 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Inulin |
| Fastest growing segment | Xylo-oligosaccharides |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inulin, Fructo-oligosaccharides, Mannan-oligosaccharides, Galacto-oligosaccharides, Xylo-oligosaccharides, Isomalto-oligosaccharides, Resistant Starch, Resistant Maltodextrin, Beta-glucan |
| Key market players worldwide | Abbott Laboratories, Cargill, The Kraft Heinz Co, Cosucra, Roquette America, Yakult Honsha Co Ltd, Lactalis, Consun Pharmaceutical Group Ltd, Bright Food (Group), FrieslandCampina, Suedzucker AG, Jarrow Formulas, Beneo |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.8% of the global prebiotics market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,808.6 million by 2030.
Key Regions: Japan , China , India , Australia , South Korea
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Prebiotics Market Scope
Prebiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America prebiotics 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 prebiotics market will help companies and investors design strategic landscapes.
Inulin was the largest segment with a revenue share of 30.17% in 2023. Horizon Databook has segmented the Latin America prebiotics market based on inulin, fructo-oligosaccharides, mannan-oligosaccharides, galacto-oligosaccharides, xylo-oligosaccharides, isomalto-oligosaccharides, resistant starch, resistant maltodextrin, beta-glucan covering the revenue growth of each sub-segment from 2018 to 2030.
The sports nutrition market is expected to witness growth in Brazil on account of upcoming sports events such as Summer Olympics 2016. This is expected to promote demand for dietary supplements, which would augment prebiotics market growth over the next eight years.
Increased disposable income in Brazil, Argentina and China are expected to boost dietary supplements consumption and fuel prebiotics demand over the forecast period. Rising domestic demand for meat in major countries such as Brazil, Argentina and Chile is expected to play an important role in augmenting market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America prebiotics market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America prebiotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America prebiotics market
Latin America Prebiotics Market Share, 2023 & 2030 (US$M)
Latin America prebiotics market
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