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 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)
