China Synbiotic Product Market Size & Outlook, 2019-2027
China synbiotic product market, 2016-2027 (US$M)
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China synbiotic product market highlights
- The China synbiotic product market generated a revenue of USD 44.1 million in 2019 and is expected to reach USD 85.7 million by 2027.
- The China market is expected to grow at a CAGR of 8.6% from 2020 to 2027.
- In terms of segment, functional food & beverages was the largest revenue generating product in 2019.
- Dietary Supplements is the most lucrative product segment registering the fastest growth during the forecast period.
Synbiotic product market data book summary
| Market revenue in 2019 | USD 44.1 million |
| Market revenue in 2027 | USD 85.7 million |
| Growth rate | 8.6% (CAGR from 2019 to 2027) |
| Largest segment | Functional food & beverages |
| Fastest growing segment | Dietary Supplements |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Functional Food & Beverages, Dietary Supplements, Other Products |
| Key market players worldwide | Danone SA, Yakult Honsha Co Ltd, United Natural Foods Inc, Pfizer Inc, Sabinsa Corporation, Probiotical, Synbiotic Health, NUtech Ventures |
Other key industry trends
- In terms of revenue, China accounted for 6.3% of the global synbiotic product market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China synbiotic product market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 23.5 million by 2027.
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Synbiotic Product Market Scope
Synbiotic Product Market Companies
| Name | Profile | # Employees | HQ | Website |
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China synbiotic product market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synbiotic product market will help companies and investors design strategic landscapes.
Functional food & beverages was the largest segment with a revenue share of 87.3% in 2019. Horizon Databook has segmented the China synbiotic product market based on functional food & beverages, dietary supplements, other products covering the revenue growth of each sub-segment from 2016 to 2027.
The synbiotic products market in China is mainly driven by rising consumers concerns regarding physical health and other medical problems related to skin, hair, chronic diseases, and overall wellness. Major players in China such as China-Biotics, Inc. and Bayer are expanding their product offerings by launching new products.
For instance, in March 2021, Bayer launched probiotics to improve overall gut health, and treat constipation and diarrhea, in collaboration with China’s Jiangam University. Such initiatives are likely to boost the demand for synbiotic products in China in the coming years.
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Target buyers of China synbiotic product market databook
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Our clientele includes a mix of synbiotic product market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China synbiotic product market, including forecasts for subscribers. This country databook contains high-level insights into China synbiotic product market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China synbiotic product market size, by product, 2016-2027 (US$M)
China Synbiotic Product Market Share, 2019 & 2027 (US$M)
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