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Chile Probiotics Market - Forecasts from 2022 to 2027

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  • 74 Pages
  • January 2023
  • Region: Chile
  • Knowledge Sourcing Intelligence LLP
  • ID: 5743390
The Chile probiotics market is anticipated to expand at a CAGR of 3.95% over the course of the forecast period, from US$300.788 million in 2020 to a total market value of US$394.400 million by 2027.

Live microorganisms known as probiotics are intended to improve one's health whether taken 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 for humans and animals is anticipated to boost the market

One of the key factors driving the market growth for probiotics is anticipated to be an expansion in the food and beverage sector as a result of rising consumer expenditure and supportive governmental policies. Preventive healthcare awareness is expanding as a result of a number of variables, including rising disposable income, rising standards of living, and an aging population. Probiotics are being used in dietary supplements such as infant formula, food supplements, nutritional supplements, and specialty nutrients as the demand for dietary supplements rise as a result of rising fitness aspirations among individuals. The demand for probiotics in functional food and beverages has increased as a result of rising processed food consumption, unhealthy lifestyle choices, and increased media and health authority coverage of the relationship between diet and health.

Market Developments:

  • Sept 2022: Resist X Pro, an additive that boosts salmon's immune response and resistance to rickettsiosis, was introduced by BioMar. A probiotic created by IctioBiotics, a subsidiary of the Ictio Biotechnologies technical consortium at the University of Santiago de Chile, is a component of the new product. It is given to fish as a preventative measure against potential outbreaks during the time of greatest challenge. The supplement can be added to any existing Biomar diet and is made for Atlantic salmon and rainbow trout. The manufacturer advises beginning the usage of the new addition 15 days prior to the risk period and continuing it for at least six consecutive weeks throughout the fish's exposure to Piscirickettsia salmonis.
  • May 2019: Trials are being planned throughout Chile by the Chilean biotechnology startup company IctioBiotic, which developed a probiotic for farmed salmon with the goal of reducing diseases like salmon rickettsial syndrome (SRS). A start-up company called IctioBiotic developed an oral probiotic that, when added to the diet, prevents SRS and other illnesses by boosting fish's immune systems, which do so by between 30% and 80%. The business will collaborate with a large fish feed producer, enabling the probiotic to be given throughout Chile. The business also stated that because industrial production is not possible in Chile, it has a contract with a Spanish company to handle the manufacture. The business further stated that the invention has already been granted a patent.

Product Offerings:

  • Progurt Probiotic Sachet: Progurt Probiotic Sachets are a 100% natural, super-strength, a human-isolated probiotic that is intended to support gut flora balance and digestive health. More than 1 trillion CFU of helpful bacteria per sachet. Each Progurt Probiotic Sachet is water-soluble and contains multiple human probiotic isolates that are the same as those that are present in a healthy human gut from birth. These isolates include Lactic Acid Bacteria (LAB) and Bifidobacteria, including advantageous strains of Lactobacillus acidophilus, Lactobacillus Bifidus, and S. thermophilus, making them more potent than other probiotics. Each Progurt Probiotic Sachet is an intense, super-strength, single dosage, equivalent to 40 capsules* (*at 25 Billion per Capsule), and is ideal for use after taking antibiotics, even when traveling.
  • 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 Chilean Probiotics Market

What is the estimated value of the Chilean Probiotics Market?

The Chilean Probiotics Market was estimated to be valued at $300.79 million in 2020.

What is the growth rate of the Chilean Probiotics Market?

The growth rate of the Chilean Probiotics Market is 3.9%, with an estimated value of $394.4 million by 2027.

What is the forecasted size of the Chilean Probiotics Market?

The Chilean Probiotics Market is estimated to be worth $394.4 million by 2027.

Who are the key companies in the Chilean Probiotics Market?

Key companies in the Chilean Probiotics Market include Yakult Honsha Co. Ltd, Danone, Axon Pharma and Progurt Colombia.

Table of Contents

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

2.1. Research Data
2.2. Assumptions

3.1. Research Highlights

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

5.1. Introduction
5.2. Bacteria
5.2.1. Lactobacilli
5.2.2. Bifidobacterium
5.2.3. Streptococcus thermophilus
5.3. Yeast
5.3.1. Saccharomyces boulardii
5.3.2. Others

6.1. Introduction
6.2. Liquid 
6.3. Dry

7.1. Introduction
7.2. Functional Food and Beverages
7.3. Dietary Supplements
7.4. Animal Feed

8.1. Introduction
8.2. Human
8.3. Animal 

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

10.1. Yakult Honsha Co. Ltd
10.2. Danone
10.3. Axon Pharma
10.4. Progurt Colombia
*Not an exhaustive list

Companies Mentioned

  • Yakult Honsha Co. Ltd
  • Danone
  • Axon Pharma
  • Progurt Colombia