Global Synbiotic Product Market Size, Share, Growth and Industry Report to 2027
The global synbiotic product market size was accounted at USD 700 million in 2019 and projected to register a higher CAGR around 8% during the forecast period 2020 to 2027. The rising consumption of functional food and beverage due to growing health awareness is driving the market growth positively. Moreover, shifting lifestyle and eating habits are predicted to uplift the market growth during the forecast period. In addition, the market is drive by huge range of applications used in food & beverage, animal feed, personal care, and pharmaceutical products.
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Synbiotic products are part of functional food and beverage to know the improving immunity, cognitive health, vitality, and to enhance energy. Synbiotic products are a combination of probiotics and prebiotics. The market is segmented on the basis of product, distribution channel, and region. The functional food and beverage segment dominating the market estimated to hold the market share of more than 90% globally. On the basis of region, Europe is accounted to hold the largest market share around 35% in 2019 and expected to lead the synbiotic product's market during the forecast period.
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The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
Global synbiotic product market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.
Synbiotic Product Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.
Synbiotic Product Market Segmentation:
- Functional Food & Beverages
- Dietary Supplements
By Distribution Channel:
List of Key Companies:
- Daflorn Ltd.
- Sabinsa Corporation
- Yakult S/A
- Probiotical S.p.A.
- United Naturals
- Synbiotics Corporation (Pfizer)
- Synbiotic Health, Inc.
- North America
- Rest of The World
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