Latin America Probiotics Market Size, Share & Growth | 2031

Segments - Latin America Probiotics Market by Product Types (Food and Beverage [Dairy Products, Fermented Food Products, Non-alcoholic Beverages, and Others] and Dietary Supplements [Animal Feed]), Distribution Channels (Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, and Others), and Geography (Brazil, Argentina, and Rest of Latin America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031.

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

Latin America Probiotics Market Outlook 2031

The Latin America probiotics market size was USD 5.23 Billion in 2022 and is anticipated to reach USD 9.41 Billion by 2031 expand at a significant CAGR 6.74% during the forecast period, 2023-2031. The growth of the market is attributed to increasing demand for health-based products.

Probiotics are good live bacteria and yeasts which naturally are found in the body. Good bacteria help to removal of extra bad bacteria. Probiotics maintain a healthy diet balance and create vitamins in the body. Lactobacillus and Bifidobacterium are major types of bacteria whereas Saccharomyces boulardii is a prominent type of yeast. Yogurt is the most familiar source of probiotics.

During the COVID-19 pandemic, the consumption patterns of consumers has changed, which in turn, led them to opt for products with a nutritive value instead of processed foods. However, the closedown of the food & beverage industry due to restriction in the operation hindered the market growth.

Latin America Probiotics Market Trends, Drivers, Restraints and Opportunities

Increasing awareness about probiotics benefits and willingness of consumers to purchase premium products incorporated with probiotics is projected to drive the market growth during the forecast period.
Rising demand for nutritious food is expected to boost the market growth in the coming years.
Growing demand for quality animal-based products is expected to spur the market growth during the forecast period.
Increasing fitness goals among people is projected to drive the market growth in the projected timeline.
High quality standards and regulations for probiotics products can restrain the growth of the market.
Complexities in integrating probiotics in functional foods can create challenges for the market.
The presence of advanced probiotics that can replace pharmaceutical agents is estimated to create lucrative opportunities in the coming years.

Scope of The Latin America Probiotics Market Report

The report on the Latin America probiotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Probiotics Market - Latin America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Product Types (Food and Beverage [Dairy Products, Fermented Food Products, Non-Alcoholic Beverages, and Others] and Dietary Supplements [Animal Feed]) and Distribution Channels (Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, and Others)
Geography	Brazil, Argentina, and Rest of Latin America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Nestle SA; Groupe Danone; PepsiCo Inc.; Kevita Inc.; Fonterra Cooperative Group; and Yakult Honsha Co Ltd.

Latin America Probiotics Market Segment Insights

Dietary supplement segment to hold a significant market share

On the basis of product types, the market is divided into food and beverage and dietary supplements. The food and beverage segment is segregated into dairy products, fermented food products, non-alcoholic beverages, and others. The dietary supplement segment includes animal feed. The food and beverage segment is expected to hold a key share of the market in the coming years owing to reduction in the risk of developing and dying of heart disease.

However, the dietary supplement segment is anticipated to expand at a rapid pace during the forecast period, as it provides adequate amount of essential nutrients.

Latin America Probiotics Market Product Types

Convenience stores segment is expected to grow at a rapid pace

Based on distribution channels, the market is segregated into supermarkets/hypermarkets, pharmacies/health stores, convenience stores, and others. The supermarkets/hypermarkets segment is anticipated to hold a key share of the market in the coming years due to availability of variety and standard goods, less operating cost, and freedom of selection. On the other hand, the convenience stores segment is anticipated to expand at a rapid pace during the forecast period, as it provides an economic boost to the community.

Latin America Probiotics Market Distribution Channel

Argentina is estimated to account a major market share

In terms of geography, the market is classified as Brazil, Argentina, and Rest of Latin America. Brazil is expected to constitute a key share of the market during the projected period. Growing awareness of probiotics such as weight loss, maintenance of digestive health, and improvement in immune function is driving the market growth in the country. However, the market in Argentina is anticipated to expand at a rapid pace during the forecast period due to rising consumer demand in the country.

Segments

The Latin America probiotics market has been segmented on the basis of

Product Types

Food and Beverage
- Dairy Products
- Fermented Food Products
- Non-Alcoholic Beverages
- Others
Dietary Supplements
- Animal Feed

Distribution Channels

Supermarkets/ Hypermarkets
Pharmacies/Health Stores
Convenience Stores
Others

Geography

Brazil
Argentina
Rest of Latin America

Key Players

Nestle SA
Groupe Danone
PepsiCo Inc.
Kevita Inc.
Fonterra Cooperative Group
Yakult Honsha Co Ltd.

Competitive Landscape

Key players competing in the Latin America probiotics market includes Nestle SA; Groupe Danone; PepsiCo Inc.; Kevita Inc.; Fonterra Cooperative Group; Yakult Honsha Co Ltd.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

Latin America Probiotics Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. America Probiotics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. America Probiotics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. America Probiotics Market - Supply Chain
  4.5. Global America Probiotics Market Forecast
     4.5.1. America Probiotics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. America Probiotics Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. America Probiotics Market Absolute $ Opportunity
5. Global America Probiotics Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. America Probiotics Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global America Probiotics Demand Share Forecast, 2019-2026
6. North America America Probiotics Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America America Probiotics Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America America Probiotics Demand Share Forecast, 2019-2026
7. Latin America America Probiotics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America America Probiotics Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America America Probiotics Demand Share Forecast, 2019-2026
8. Europe America Probiotics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe America Probiotics Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe America Probiotics Demand Share Forecast, 2019-2026
9. Asia Pacific America Probiotics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific America Probiotics Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific America Probiotics Demand Share Forecast, 2019-2026
10. Middle East & Africa America Probiotics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa America Probiotics Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa America Probiotics Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global America Probiotics Market: Market Share Analysis
  11.2. America Probiotics Distributors and Customers
  11.3. America Probiotics Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Nestle SA Groupe Danone PepsiCo Inc. Kevita Inc. Fonterra Cooperative Group Yakult Honsha Co Ltd.