South America Probiotics Market | Growth, Trends, and Forecast (2018 - 2023)
South America Probiotics Market - Growth, Trends, and Forecast (2018 - 2023)

PUBLISHED

APR 2018

South America Probiotics Market - Growth, Trends, and Forecast (2018 - 2023)

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Market Insights

The South America probiotics market is expected to register a CAGR of 7.1%, during the forecast period of 2018–2023. While the share of South America in the global market for probiotics is the smallest, estimated to be 12% in 2017, the region’s demand for these products is expected to post a healthy growth.

Market Dynamics

The past decade has been witness to the launch of more than 500 food & beverage probiotic products that have garnered exceptional response in terms of acceptance. Prevention and cure of disorders, such as lactose intolerance and inflammatory bowel disease are some of the benefits offered by probiotics, with rising health-consciousness levels and wider access to probiotic dietary supplements being the major factors sustaining growth. The beneficial effects of food with added live microbes (probiotics) on human health are being increasingly promoted by health professionals. Probiotic products available in the South American market today are usually in the form of fermented milk and yoghurts. However, with an increase in the consumer vegetarianism globally, there is also a demand for the vegetarian probiotic products.

Market Segmentation

The South America probiotics market is segmented by applications into functional food & beverages, animal feed, dietary supplements, and specialty nutrients. Dairy records a significant growth rate and is expected to continue to register a CAGR of 14%, during the forecast period, 2018 – 2023. Probiotic yogurts and beverages are widely available and are ideal healthy snacks. Feed probiotics are used to improve animal weight gain and feed efficiency, and also, to maintain and promote normal health status of domestic animals and fowls. Feed probiotics are widely used by the major mills as feed ingredients for piglets, calves, sows, and fowls.

Regional Analysis

Brazil holds the maximum market share in South America probiotics market with an estimated share of 48% in 2017 and also the fastest growing regional market for probiotics with a higher CAGR of about 11%, between 2018 and 2023.

                               

Key Developments

  • December 2017 – Royal DSM, a global science-based company active in health, nutrition, and materials, announced that it has acquired BioCare Copenhagen A/S, based in Copenhagen (Denmark). With the acquisition, DSM expands its offering in gut health ingredients with probiotics, an attractive market segment in nutritional ingredients

Competitive Landscape

Major Players - American Biologics, CHR Hansen Holdings A/S, Fonterra Cooperative Group, FrieslandCampina, General Mills Inc., FMC Corporation, Morinaga Milk Industry, Nestlé SA, Royal DSM NV, Yakult Honsha Co Ltd., among others.

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  •  Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

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1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Market Definitions

2. Research Approach and Methodology

                2.1 Introduction

                2.2 Research Design

                2.3 Study Timelines

                2.4 Study Phases

                                2.4.1 Secondary Research

                                2.4.2 Discussion Guide

                                2.4.3 Market Engineering & Econometric Modeling

                                2.4.4 Expert Validation

3. Market Overview

                3.1 Market Dynamics

                                3.1.1 Drivers

                                                3.1.1.1Preference for Probiotic Products Gaining from Evolving Applications

                                                3.1.1.2 Functional Foods & Beverages Growing in Popularity

                                                3.1.1.3 Wider Acceptance and Convenience Offered                   

                               3.1.2 Restraints

                                                3.1.2.1 Effectiveness of Probiotics Comes Under the Scanner                                               

                                                3.1.2.2 Consumer Awareness Still Lacking

                                3.1.3 Opportunities

                                                3.1.3.1 United States Offers Enormous Prospects

                                3.1.4 Porter's Five Forces Analysis

                                                3.1.4.1 Bargaining Power of Suppliers

                                                3.1.4.2 Bargaining Power of Buyers

                                                3.1.4.3 Threat of New Entrants

                                                3.1.4.4 Threat of Substitute Products and Services

                                                3.1.4.5 Degree of Competition

4. Market Segmentation

                4.1 By Applications

                                4.1.1 Animal Feed

                                4.1.2 Dietary Supplements

                                4.1.3 Functional Foods & Beverages

                                4.1.4 Specialty Nutrients

        4.2 By Ingredients

                4.2.1 Bifidobacteria

                4.2.2 Lactobacilli

                4.2.3 Yeast                                               

                4.4 By Geography

                                4.4.1 South America

                                                4.4.1.1 Brazil

                                                4.4.1.2 Argentina

                                                4.4.1.3 Rest of South America

5. Competitive Landscape

                5.1 Strategy Adopted by Key players

                5.2 Most Active Companies in the Past Five Years

                5.3 Market Share Analysis

6. Company Profiles

                6.1 American Biologics

                6.2 CHR Hansen Holdings A/S

                6.3 Royal DSM NV

                6.4 Fonterra Cooperative Group

                6.5 FrieslandCampina

                6.6 General Mills Inc.

                6.7 FMC Corporation

                6.8 Morinaga Milk Industry

                6.9 Nestlé SA

                6.10 Yakult Honsha Co Ltd.

7. Appendix

                7.1 Disclaimer

                7.2 Sources

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