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Mexico Probiotics Market - Forecasts from 2022 to 2027

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    Report

  • 80 Pages
  • December 2022
  • Region: Mexico
  • Knowledge Sourcing Intelligence LLP
  • ID: 5716740
The Mexico probiotics market is anticipated to expand at a CAGR of 6.26% over the course of the forecast period, from US$0.493 billion in 2020 to a total market value of US$0.754 billion by 2027.

Live microorganisms known as probiotics are intended to enhance one's health whether administered orally or topically. Yogurts, other fermented foods, and probiotic-rich beverages are widely available and provide delicious, nutrient-dense snacks. Probiotics are also found in many cosmetic products. When consumed in appropriate amounts, probiotics have beneficial effects on the body, including improved gut health and reduced intestinal inflammation. Since they improve immune function and halt the progression of diseases, probiotics are crucial for preventative healthcare.

Growing Health concerns and new developments are anticipated to boost the market

The market for probiotics is anticipated to develop throughout the forecast period as a result of rising self-medication rates and a growing awareness of personal health decline. Due to rising awareness of fitness and good health, particularly among the younger population base, the Mexico probiotic market is anticipated to expand quickly over the forecast period. The expansion of the market is further anticipated to be fueled by the creation of improved and enhanced probiotic strains for certain uses. Probiotics are added to feed to increase animal weight gain and feed effectiveness as well as to preserve and advance the well-being of domestic animals and poultry. The market is expanding as a result of rising demand for meat and other livestock products, which helps to offset the threat of disease outbreaks that probiotics in the animal husbandry sector help to prevent.

Key Developments:

  • June 2021: The establishment of a new flavour facility in Latin America, which will primarily service Mexico, Central America, the Caribbean, and the Andean area, has been announced by Kerry, the leading taste and nutrition firm in the world. The brand-new cutting-edge plant, which is situated in Irapuato, Mexico, will greatly boost Kerry's capabilities in the area and help clients deliver more regional and sustainable flavour solutions. With the launch of this new website, Kerry can provide a wider range of snacks, alcoholic and non-alcoholic beverages, meat, dairy, and bakery products. Additionally, it will be crucial in achieving Kerry's goal of providing sustainable nutrition solutions to more than two billion people worldwide by 2030.
  • April 2020: By partnering with Kerry Group's Ganeden BC30® Probiotic, which has been clinically shown to support children's immune systems, Charles & Alice announced the expansion of its Fruit ProbioticsTM brand and its entry into Mexico. Charles & Alice Kids ¡Niños! Fruit Probiotics combine the advantages of organic fruit with cutting-edge probiotics in a pleasant way to promote children's immune system health. One can consume more than a full serving of fruit per day in just two 3.2 oz (90g) chilled pouches, which also contain 1 billion probiotic CFUs (colony forming units). The company sought to offer nutritious products that are supported by science and can assist individuals of all ages, especially children and their families, in terms of immune and digestive health. The superior research and safety record of GanedenBC30, which has been granted FDA GRAS classification by the American FDA, helps to guarantee that consumers receive a probiotic component that works.

Product Offerings:

  • BC30TM: BC30TM (Bacillus coagulans GBI-30, 6086) is the patented probiotic component by Kerry Group. It is utilized by product makers to make functional foods and drinks. More than 1,000 of the world's top food, beverage, and companion animal products use BC30, a probiotic that is committed to assisting in the development of a safe and effective probiotic for everyone. BC30 is a probiotic ingredient that forms spores and is extremely stable. It can be incorporated into food and beverage products. Customers who are used to finding probiotics in conventional formats, such yoghurt, may get the advantages of probiotics in a variety of products that meet their daily routines and dietary preferences thanks to BC30.
  • Sofl LT: The fermented dairy product Sofl LT by Yakult has a distinct consistency that makes it perfect for spooning. Additionally, because it is created with milk, it contains calcium and protein and is low in calories. More than 100 million Lactobacillus casei Shirota and Streptococcus thermophilus are present in every gram of Sofl LT.

Market Segmentation:

  • By Ingredient
  • Bacteria
  • Lactobacilli
  • Bifidobacterium
  • Streptococcus thermophilus
  • Yeast
  • Saccharomyces boulardii
  • Others
  • By Form
  • Liquid
  • Dry
  • By Application
  • Functional Food and Beverages
  • Dietary Supplements
  • Animal Feed
  • By End-User
  • Human
  • Animal
Frequently Asked Questions about the Mexican Probiotics Market

What is the estimated value of the Mexican Probiotics Market?

The Mexican Probiotics Market was estimated to be valued at $0.49 billion in 2020.

What is the growth rate of the Mexican Probiotics Market?

The growth rate of the Mexican Probiotics Market is 6.2%, with an estimated value of $0.75 billion by 2027.

What is the forecasted size of the Mexican Probiotics Market?

The Mexican Probiotics Market is estimated to be worth $0.75 billion by 2027.

Who are the key companies in the Mexican Probiotics Market?

Key companies in the Mexican Probiotics Market include Yakult SA de CV, Kerry Group Plc. and Nestle.

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. MEXICO PROBIOTICS MARKET BY INGREDIENT
5.1. Introduction
5.2. Bacteria
5.2.1. Lactobacilli
5.2.2. Bifidobacterium
5.2.3. Streptococcus Thermophilus
5.3. Yeast
5.4. Saccharomyces Boulardii
5.5. Others

6. MEXICO PROBIOTICS MARKET BY FORM
6.1. Introduction
6.2. Liquid
6.3. Dry

7. MEXICO PROBIOTICS MARKET BY APPLICATION
7.1. Introduction
7.2. Functional Food and Beverages
7.3. Dietary Supplements
7.4. Animal Feed

8. MEXICO PROBIOTICS MARKET BY END-USER
8.1. Introduction
8.2. Human
8.3. Animal

9. COMPETITIVE INTELLIGENCE
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES
10.1. Yakult SA de CV
10.2. Kerry Group Plc.
10.3. Danone de Mexico
10.4. Nestle
*List is not exhaustive

Companies Mentioned

  • Yakult SA de CV
  • Kerry Group Plc.
  • Danone de Mexico
  • Nestle