Europe Synbiotic Product Market Size & Outlook, 2019-2027
Europe synbiotic product market, 2016-2027 (US$M)
Related Markets
Europe synbiotic product market highlights
- The Europe synbiotic product market generated a revenue of USD 259.2 million in 2019.
- The market is expected to grow at a CAGR of 7.2% 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.
- Country-wise, UK is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 259.2 million |
| Market revenue in 2027 | USD 450.6 million |
| Growth rate | 7.2% (CAGR from 2019 to 2027) |
| Largest segment | Functional food & beverages |
| Fastest growing segment | Dietary Supplements |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 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, Europe region accounted for 37.0% of the global synbiotic product market in 2019.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 304.9 million by 2027.
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Synbiotic Product Market Scope
Synbiotic Product Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 82.25% in 2019. Horizon Databook has segmented the Europe synbiotic product market based on functional food & beverages, dietary supplements, other products covering the revenue growth of each sub-segment from 2016 to 2027.
A growing number of food manufacturers in Europe are beginning to explore the commercial opportunities for food products containing health-promoting microbial bacteria. With an increased focus on health over the past few years, consumers are reassessing their decisions surrounding food and exercise.
Increasing awareness of the health benefits of synbiotic products, along with high availability and visibility of the products, is one of the main factors driving the market growth in the region.
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Target buyers of Europe 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 continent-level data and insights on the Europe synbiotic product market, including forecasts for subscribers. This continent databook contains high-level insights into Europe synbiotic product market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe synbiotic product market size, by country, 2016-2027 (US$M)
Europe Synbiotic Product Market Share, 2019 & 2027 (US$M)
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