Market Trends of South America Probiotics Industry
This section covers the major market trends shaping the South America Probiotics Market according to our research experts:
Functional Food and Beverage Serve the Largest Probiotic Market in the region
The functional food and beverage segment accounted for the highest revenue share in 2018, as it has various applications in the food industry, led by the increasing awareness among consumers and the on-going convenience trend. Functional foods and beverages containing probiotics have gained popularity in the market, recently, as they contain biologically active ingredients that have more metabolic and physiological health benefits than nutritional benefits. There is an increase in the consumer demand for non-dairy probiotic products as they have low lactose and cholesterol content, and they do not have to be refrigerated, which in turn is boosting the probiotic market in the region.
Brazil Holds the Largest Market Share in the region
Brazil and Argentina are the fastest emerging markets for probiotic products. Dairy products are expected to record a significant growth rate and are expected to continue to register a robust CAGR during the forecast period, 2020-2025. 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. Moreover, the application of probiotics in various food, drinks, and pharmaceuticals is rapidly opening up a great investment opportunity in the region. The probiotic market scope covers production, extraction, fortification, and other functions, in this region.
