Global Synbiotic Products Industry

Global Synbiotic Products Industry

  • April 2021 •
  • 274 pages •
  • Report ID: 6033058 •
  • Format: PDF
Abstract:
- Global Synbiotic Products Market to Reach $1.2 Billion by 2027
- Amid the COVID-19 crisis, the global market for Synbiotic Products estimated at US$721.4 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at aCAGR of 7% over the period 2020-2027. Functional Food & Beverages, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$976.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Product Segments segment is readjusted to a revised 8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $195.1 Million, While China is Forecast to Grow at 10.7% CAGR
- The Synbiotic Products market in the U.S. is estimated at US$195.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$254.9 Million by the year 2027 trailing a CAGR of 10.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

- Select Competitors (Total 43 Featured) -
  • BioImmersion Inc.
  • Biomin Inc.
  • Chobani Inc.
  • Daflorn MLM5 Ltd.
  • Danone Groupe
  • Diamond V Mills, Inc.
  • General Mills, Inc.
  • Pfizer Inc.
  • Probiotical S.p.A.
  • Sabinsa Corporation
  • Seed Health, Inc.
  • Turtle Mountain Corporation
  • UAS Laboratories Inc.