Mexico Probiotics Market Size, Share, Opportunities, And Trends 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), And By Geography - Forecasts From 2023 To 2028

  • Published : Jun 2023
  • Report Code : KSI061613223
  • Pages : 80

Probiotics are live microorganisms that may be applied topically or taken internally to improve one's health. It's easy to get yogurts, other fermented foods, and probiotic-rich drinks, which make for delectable, nutrient-dense snacks. Many cosmetic items include probiotics as well. 

The market is being propelled by the rising consumer preference for preventative healthcare along with the creation of effective probiotic strains. Probiotics benefit the body when ingested in sufficient levels, such as enhanced gut health and decreased intestinal inflammation. Probiotics are essential for preventative healthcare since they boost immune function and stop the development of illnesses. Therefore, increasing awareness of preventive healthcare is anticipated to fuel market expansion during the projected period.

Major manufacturers are focusing on developing probiotic products as per consumer demand. For instance, in May 2022, the first psych biotic L. plantarum PS128TM, MOKBIO®, received COFEPRIS clearance, according to M8 Pharmaceuticals' Mexican affiliate. The first M8 unique product with Mexican approval is MOKBIO® capsules, a probiotic strain with research and support to meet the needs of patients with CNS diseases. These include the possible neurological and mental health advantages of MOKBIO® PS128, such as bettering sleep and lowering anxiety symptoms, depression, autism, and Parkinson's disease.

Growing health concerns and new developments are boosting the Mexican probiotics market growth.

Rising rates of self-medication and increasing focus on personal health are expected to drive the growth of the probiotics market throughout the projected period. Developing better and enhanced probiotic strains is predicted to fuel market growth further. Adding probiotics to feed improves animal weight growth and feed efficiency while preserving and advancing the health of domestic animals and poultry. Increased demand for meat and other livestock products is driving the demand in Mexico, which lessens the risk of disease outbreaks that probiotics in the animal husbandry industry serve to avoid.

There have been many product innovations by leading manufacturers in the country to fuel the probiotic market. For instance, in June 2021, Kerry, the world's top flavor and nutrition company, announced the opening of a new flavor plant in Latin America that will primarily serve Mexico, Central America, the Caribbean, and the Andean region. The brand-new state-of-the-art facility, located in Irapuato, Mexico, will significantly increase Kerry's regional capabilities and support clients in providing more regional and sustainable taste solutions. Kerry can now offer more snacks, alcoholic and non-alcoholic beverages, and meat, dairy, and pastry.

Market Developments:

  • June 2021: The establishment of a new flavor 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 state-of-the-art plant, situated in Irapuato, Mexico, will greatly boost Kerry's capabilities in the area and help clients deliver more regional and sustainable flavor 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 daily 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 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 the American FDA has granted FDA GRAS classification, helps to guarantee that consumers receive a probiotic component that works.

Mexico Probiotics Market Scope:

 

Report Metric Details
Growth Rate CAGR during the forecast period
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Ingredient, Form, Application, and End-User
Companies Covered Yakult SA de CV, Kerry Group Plc., Danone de Mexico, Nestle
Customization Scope Free report customization with purchase

 

Market Segmentation:

  • By Ingredient
    • Bacteria
    • Lactobacilli
    • Bifidobacterium
    • Streptococcus thermophilus
    • Yeast
    • Others
  • By Form
    • Liquid
    • Dry
  • By Application
    • Functional Food and Beverages
    • Dietary Supplements
    • Animal Feed
  • By End-User
    • Human
    • Animal

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Sources

2.3. Research Design

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. 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 ENVIRONMENT AND ANALYSIS

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


Yakult SA de CV

Kerry Group Plc.

Danone de Mexico

Nestle