Brazil Probiotics Market Size & Outlook, 2023-2030
Brazil probiotics market, 2017-2030 (US$M)
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Brazil probiotics market highlights
- The Brazil probiotics market generated a revenue of USD 2,122.7 million in 2023 and is expected to reach USD 5,288.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 13.9% from 2024 to 2030.
- In terms of segment, probiotic food & beverages was the largest revenue generating form in 2023.
- Probiotic Dietary Supplements is the most lucrative form segment registering the fastest growth during the forecast period.
Probiotics market data book summary
| Market revenue in 2023 | USD 2,122.7 million |
| Market revenue in 2030 | USD 5,288.1 million |
| Growth rate | 13.9% (CAGR from 2023 to 2030) |
| Largest segment | Probiotic food & beverages |
| Fastest growing segment | Probiotic Dietary Supplements |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Probiotic Food & Beverages, Probiotic Dietary Supplements, Animal Feed Probiotics |
| Key market players worldwide | Arla Foods, BioGaia AB Class B, Danone SA, DuPont de Nemours Inc, General Mills Inc, Lifeway Foods Inc, Kerry Group PLC Class A, Nestle SA, Probi AB, Yakult Honsha Co Ltd, Chr. Hansen, i-Health, Lallemand, Mother Dairy |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.4% of the global probiotics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil probiotics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 5,288.1 million by 2030.
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Probiotics Market Scope
Probiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil probiotics 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 probiotics market will help companies and investors design strategic landscapes.
Probiotic food & beverages was the largest segment with a revenue share of 63.1% in 2023. Horizon Databook has segmented the Brazil probiotics market based on probiotic food & beverages, probiotic dietary supplements, animal feed probiotics covering the revenue growth of each sub-segment from 2017 to 2030.
The Brazilian market is observing substantial growth due to the growing demand for wellness and health products, combined with a rise in consumer awareness regarding functional beverages. In Brazil, while purchasing dietary supplements, consumers prefer buying supplements which are easy for digestion.
Probiotics are associated with numerous health advantages from weight loss to improving skin. Additionally, yogurt is the main food that arrives to consumers mind as a food product which is super-rich in probiotics.
Therefore, manufacturers are delivering quality products to consumers thereby providing additional benefits. The Brazilian Health Regulatory Agency (ANVISA) does not allow manufacturers to print any claims on the product packaging stating that certain dietary supplements are good for the digestive system unless those claims have been scientifically proven.
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Our clientele includes a mix of probiotics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil probiotics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil probiotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil probiotics market size, by form, 2017-2030 (US$M)
Brazil Probiotics Market Outlook Share, 2023 & 2030 (US$M)
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