Mexico Probiotics Market Size & Outlook, 2023-2030
Mexico probiotics market, 2017-2030 (US$M)
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Mexico probiotics market highlights
- The Mexico probiotics market generated a revenue of USD 1,749.7 million in 2023 and is expected to reach USD 4,204.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 13.3% 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 1,749.7 million |
| Market revenue in 2030 | USD 4,204.2 million |
| Growth rate | 13.3% (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, Mexico accounted for 2.0% 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 North America, U.S. probiotics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 47,205.0 million by 2030.
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Probiotics Market Scope
Probiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 60.5% in 2023. Horizon Databook has segmented the Mexico 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 market for probiotics in Mexico is projected to grow significantly in the near future as consumers are increasingly becoming aware of the deterioration of private healthcare in the country. Rising self medication is expected to fuel the growth of the market in the country.
The increased awareness among the masses about fitness and a healthy lifestyle is also driving the growth of the probiotics market in Mexico. Increasing meat consumption and the emerging animal husbandry sector are leading to the use of probiotics in the feed industry of the country to ensure animal health and eliminate the risk of disease outbreaks caused by meat consumption.
Most nutritionists and gastroenterologists in Mexico recommend that probiotics are safe and effective for treating problems related to the digestive system. Fermentation is one of the oldest food processing methods adopted in the country.
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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 Mexico probiotics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico probiotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico probiotics market size, by form, 2017-2030 (US$M)
Mexico Probiotics Market Outlook Share, 2023 & 2030 (US$M)
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