India Synbiotic Product Market Size & Outlook, 2019-2027
India synbiotic product market, 2016-2027 (US$M)
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India synbiotic product market highlights
- The India synbiotic product market generated a revenue of USD 10.3 million in 2019 and is expected to reach USD 23.5 million by 2027.
- The India market is expected to grow at a CAGR of 10.8% 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 10.3 million |
| Market revenue in 2027 | USD 23.5 million |
| Growth rate | 10.8% (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, India accounted for 1.5% 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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India 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 87.38% in 2019. Horizon Databook has segmented the India 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 India is majorly driven by the rising consumer concerns regarding prevention of medical conditions such as neonatal sepsis in newborn infants. As per a survey conducted by Department of Health & Family Welfare in October 2017, India, neonatal sepsis and infant mortality rates among infants are the highest in a few rural parts of India.
Synbiotic supplements are being administered to newborn infants to improve their overall immune system and gut health. Moreover, the consumption of synbiotics reduces the risk of pneumonia, bacterial infections, and air-borne infections, which is expected to boost the product demand in the coming years.
Furthermore, the adoption of synbiotic supplements and products in regular diets leads to a positive influence on the development of the fecal microbiota in young consumers and adults. This drives the growth of synbiotic products market in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the India synbiotic product market, including forecasts for subscribers. This country databook contains high-level insights into India synbiotic product market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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India synbiotic product market size, by product, 2016-2027 (US$M)
India Synbiotic Product Market Share, 2019 & 2027 (US$M)
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