South America Probiotic Ingredients Market Forecast to 2028 – COVID

South America Probiotic Ingredients Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lactobacillus, Bifidobacterium, and Others) and Application (Functional Food & Beverages, Pharmaceuticals & Nutraceuticals, Animal Feed, and Others)

Report Code : BMIRE00026058 | Region : LAMEA | Industry : Food and Beverages | Published Date : 19/Sep/2022

The South America probiotic ingredients market is expected to grow from US$ 268.94 million in 2022 to US$ 438.17 million by 2028; it is estimated to grow at a CAGR of 8.5% from 2022 to 2028.

Antibiotics have been widely used as feed additives in livestock diets for several decades due to their therapeutic effects. However, a few countries have limited the use of certain antibiotics due to concerns that using antibiotics as feed additives contributes to increased bacterial antibiotic resistance. Moreover, probiotics, prebiotics, and essential oils have been suggested as antibiotic alternatives, as probiotics are live microbial feed supplements that beneficially affect the host by improving intestinal microbial balance. The use of probiotics as a possible alternative to antibiotics has received renewed interest due to the legislation prohibiting the use of subtherapeutic amounts of antibiotics. Probiotic is a generic term, and products can contain yeast cells, bacterial cultures, or both. These products stimulate the microorganisms capable of modifying the gastrointestinal environment to improve health and feed efficiency. They are known for boosting an animal's overall health by improving the microbial balance in its gut. The most used probiotic bacteria in animal feeds include lactobacillus, bacillus, streptococcus, pediococcus, enterococcus, bifidobacterium, and propionibacterium. In the last few years, the use of probiotic ingredients in the feed of farm animals such as pigs, poultry, and ruminants; aquaculture feeds; and pet feeds has increased significantly. Probiotics are increasingly introduced to commercial animal feed for cattle and poultry to change gastrointestinal flora and overall animal health.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America probiotic ingredients market . The South Americaprobiotic ingredients market is expected to grow at a good CAGR during the forecast period.

South America Probiotic Ingredients Market Revenue and Forecast to 2028 (US$ Million)

South America Probiotic Ingredients Market Segmentation

The South America probiotic ingredients market is segmented based on type, application, and country. Based on type, the market is divided into lactobacillus, bifidobacterium, and others. The lactobacillus segment would dominate the South America probiotic ingredients market in 2022. In terms of application, the market is categorized into functional food & beverages, pharmaceuticals & nutraceuticals, animal feed, and others. The functional food & beverages segment would dominate the South America probiotic ingredients market in 2022. Based on country, the South America probiotic ingredients market is segmented into Brazil, Argentina, and the Rest of South America. The Rest of South America would dominate the South America probiotic ingredients market in 2022.

Key players operating in the South America probiotic ingredients market include ADM; Novozymes A/S; Chr. Hansen Holding A/S; Kerry Group plc; Lallemand Inc; IFF Nutrition & Biosciences; AngelYeast Co., Ltd; Probiotical S.p.A; Adisseo; and Probi by Altair.

At 8.5% CAGR, the South America Probiotic Ingredients Market is speculated to be worth US$ 438.17 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the SAM probiotic ingredients market was valued at US$ 268.94 million in 2022 and is expected to reach US$ 438.17 million by 2028, registering an annual growth rate of 8.3% from 2022 to 2028. Increasing consumer focus on preventive health and rising demand for probiotic-fortified food & beverages.

Although probiotic-infused products are becoming increasingly popular, the lack of a proper regulatory framework in the probiotics industry is hampering the probiotic ingredients market growth. There is no clear distinction between probiotics-based pharmaceuticals and probiotics-fortified food products, with variations across different countries. Furthermore, there are at least three different views on the necessary colony forming units (CFU) from different government bodies. As per customer bodies, authorities must set regulatory standards to prevent probiotic products from making misleading claims. Thus, the complexity in the regulatory, legislative, and technological aspects is serving as a major hurdle for the probiotic ingredients market growth. As no rules prevent the misuse of the term "probiotics," many products are marketed as "probiotics" that have not demonstrated health advantages. For instance, heat-killed microorganisms are marketed as probiotics. However, heat-killed bacteria may not fit the WHO's definition of a probiotic as a 'living microorganism.' Such labeling issues arise due to a lack of standardization. As a result, physicians may not be able to confidently recommend probiotics as an effective treatment until issues with probiotic regulations are resolved. This is expected to drive the market during the forecast period.

On the contrary, regulatory issues hurdles the growth of SAM probiotic ingredients market.

Based on type, the SAM probiotic ingredients market is divided into lactobacillus, Bifidobacterium, and others. The lactobacillus probiotic ingredients segment held 66.4% market share in 2022, amassing US$ 178.65 million. It is projected to garner US$ 287.06 million by 2028 to expand at 8.2% CAGR during 2022–2028.

Based on application type, the SAM probiotic ingredients market is categorized into functional food & beverages, pharmaceuticals & nutraceuticals, animal feed, and others. The functional food & beverages segment held 80.5% market share in 2022, amassing US$ 216.57 million. It is projected to garner US$ 347.86 million by 2028 to expand at 8.2% CAGR during 2022–2028.

Based on country, the SAM probiotic ingredients market has been categorized into the Brazil, Argentina, and Rest of SAM. Our regional analysis states that Rest of SAM captured 48.3% market share in 2022. It was assessed at US$ 129.95 million in 2022 and is likely to hit US$ 206.66 million by 2028, exhibiting a CAGR of 8.0% during the forecast period.

Key players dominating the SAMprobiotic ingredients market are ADM; Novozymes A/S; Chr. Hansen Holding A/S; Kerry Group plc; Lallemand Inc; IFF Nutrition & Biosciences; AngelYeast Co., Ltd; Probiotical S.p.A; Adisseo; and Probi among others.

In Aug 2021, Chr. Hansen Holding A/S launches science-based probiotics for the pet segment. In June 2020, Novozymes A/S acquires PrecisionBiotics Group to advance its business within human health.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

4. SAM Probiotic Ingredients Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Expert Opinion

4.4 Ecosystem Analysis

5. SAM Probiotic Ingredients Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Consumer Focus on Preventive Health

5.1.2 Rising Demand for Probiotic-Fortified Food and Beverages

5.2 Market Restraints

5.2.1 Regulatory Issues

5.3 Market Opportunities

5.3.1 Declining Use of Antibiotics in Animal Feed

5.4 Future Trends

5.4.1 Product Launches with Probiotics as a Key Ingredient

5.5 Impact Analysis of Drivers and Restraints

6. Probiotic Ingredients – SAM Market Analysis

6.1 SAM Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

7. SAM Probiotic Ingredients Market Analysis – By Type

7.1 Overview

7.2 SAM Probiotic Ingredients Market, By Type (2021 and 2028)

7.3 Lactobacillus

7.3.1 Overview

7.3.2 Lactobacillus: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Mn)

7.4 Bifidobacterium

7.4.1 Overview

7.4.2 Bifidobacterium: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Mn)

7.5 Others

7.5.1 Overview

7.5.2 Others: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Mn)

8. SAM Probiotic Ingredients Market Analysis – By Application

8.1 Overview

8.2 SAM Probiotic Ingredients Market, By Application (2021 and 2028)

8.3 Functional Food & Beverages

8.3.1 Overview

8.3.2 Functional Food & Beverages: Probiotic Ingredients Market– Revenue and Forecast to 2028 (US$ Mn)

8.4 Pharmaceuticals & Nutraceuticals

8.4.1 Overview

8.4.2 Pharmaceuticals & Nutraceuticals: Probiotic Ingredients Market– Revenue and Forecast to 2028 (US$ Mn)

8.5 Animal Feed

8.5.1 Overview

8.5.2 Animal Feed: Probiotic Ingredients Market– Revenue and Forecast to 2028 (US$ Mn)

8.6 Others

8.6.1 Overview

8.6.2 Others: Probiotic Ingredients Market– Revenue and Forecast to 2028 (US$ Mn)

9. SAM Probiotic Ingredients Market – by Country Analysis

9.1 SAM: Probiotic Ingredients Market

9.1.1 SAM: Probiotic Ingredients Market, by Key Country

9.1.1.1 Brazil: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Brazil: Probiotic Ingredients Market, By Type

9.1.1.1.2 Brazil: Probiotic Ingredients Market, by Application

9.1.1.2 Argentina: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Argentina: Probiotic Ingredients Market, By Type

9.1.1.2.2 Argentina: Probiotic Ingredients Market, by Application

9.1.1.3 Rest of SAM: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Rest of SAM: Probiotic Ingredients Market, By Type

9.1.1.3.2 Rest of SAM: Probiotic Ingredients Market, by Application

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 New Product Development

10.4 Merger and Acquisition

11. Company Profiles

11.1 ADM

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Novozymes A/S

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Chr. Hansen Holding A/S

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Kerry Group plc

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Lallemand Inc.

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 IFF Nutrition & Biosciences

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 WOT Analysis

11.6.6 Key Developments

11.7 AngelYeast Co., Ltd.

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Probiotical S.p.A.

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Adisseo

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Probi

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES.

Table 1.             SAM Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Brazil Probiotic Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Brazil Probiotic Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Argentina Probiotic Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Argentina Probiotic Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Rest of SAM Probiotic Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Rest of SAM Probiotic Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             List of Abbreviation

LIST OF FIGURES.

Figure 1.           SAM Probiotic Ingredients Market Segmentation

Figure 2.           SAM Probiotic Ingredients Market Segmentation – By Country

Figure 3.           SAM Probiotic Ingredients Market Overview

Figure 4.           SAM Probiotic Ingredients Market: By Type

Figure 5.           SAM Probiotic Ingredients Market: By Country

Figure 6.           SAM Porter's Five Forces Analysis: Probiotic Ingredients Market

Figure 7.           SAM Expert Opinion

Figure 8.           SAM Ecosystem: Probiotic Ingredients Market

Figure 9.           SAM Probiotic Ingredients Market Impact Analysis of Drivers and Restraints

Figure 10.        SAM: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        SAM Probiotic Ingredients Market Revenue Share, By Type (2021 and 2028)

Figure 12.        SAM Lactobacillus: Probiotic Ingredients Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 13.        SAM Bifidobacterium: Probiotic Ingredients Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14.        SAM Others: Probiotic Ingredients Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15.        SAM Probiotic Ingredients Market Revenue Share, By Application (2021 and 2028)

Figure 16.        SAM Functional Food & Beverages: Probiotic Ingredients Market– Revenue and Forecast To 2028 (US$ Mn)

Figure 17.        SAM Pharmaceuticals & Nutraceuticals: Probiotic Ingredients Market– Revenue and Forecast To 2028 (US$ Mn)

Figure 18.        SAM Animal Feed: Probiotic Ingredients Market– Revenue and Forecast To 2028 (US$ Mn)

Figure 19.        SAM Others: Probiotic Ingredients Market– Revenue and Forecast To 2028 (US$ Mn)

Figure 20.        SAM: Probiotic Ingredients Market, by Key Country – Revenue (2021) (US$ Million)

Figure 21.        SAM: Probiotic Ingredients Market Revenue Share, by Key Country (2021 and 2028)

Figure 22.        Brazil: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Argentina: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Rest of SAM: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - South America Probiotic Ingredients Market

● ADM

● Novozymes A/S

● Chr. Hansen Holding A/S

● Kerry Group plc

● Lallemand Inc

● IFF Nutrition & Biosciences

● AngelYeast Co., Ltd

● Probiotical S.p.A

● Adisseo

● Probi

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM probiotic ingredients market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the SAM probiotic ingredients market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the SAM probiotic ingredients market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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