Latin America Probiotics Market Size & Outlook, 2023-2030
Latin America probiotics market, 2017-2030 (US$M)
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Latin America probiotics market highlights
- The Latin America probiotics market generated a revenue of USD 5,588.2 million in 2023.
- The market is expected to grow at a CAGR of 13.8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 5,588.2 million |
| Market revenue in 2030 | USD 13,846.8 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Probiotic food & beverages |
| Fastest growing segment | Probiotic Dietary Supplements |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 6.4% of the global probiotics market in 2023.
- Globally, Asia Pacific 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 89,728.4 million by 2030.
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Probiotics Market Scope
Probiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 62.29% in 2023. Horizon Databook has segmented the Latin America 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 increasing preference for healthy eating, booming digitization in various industries including pharmaceuticals, food & beverages, and increasing penetration of online product delivery services are the primary factors driving the probiotics market.
Shifting trend toward health & wellness and consumer awareness regarding probiotics are stimulating the market growth in the region.bStress, obesity, cholesterol, colon cancer, weak eyesight, intestinal regularity, and aging are the major health concerns in the region owing to poor lifestyle patterns and high consumption of processed food.
Recommendations from health authorities regarding probiotic supplements and nutritional diet that aid in overcoming these health issues are propelling the growth of the probiotics market in the region.
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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 continent-level data and insights on the Latin America probiotics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America probiotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America probiotics market size, by country, 2017-2030 (US$M)
Latin America Probiotics Market Outlook Share, 2023 & 2030 (US$M)
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