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:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| 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: