Latin America Synbiotic Product Market Size & Outlook
Latin America synbiotic product market, 2016-2027 (US$M)
Related Markets
Latin America synbiotic product market highlights
- The Latin America synbiotic product market generated a revenue of USD 66.6 million in 2019.
- The market is expected to grow at a CAGR of 9% 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, Brazil is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 66.6 million |
| Market revenue in 2027 | USD 132.5 million |
| Growth rate | 9% (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, Latin America region accounted for 9.5% 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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Latin America 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 88.14% in 2019. Horizon Databook has segmented the Latin America synbiotic product market based on functional food & beverages, dietary supplements, other products covering the revenue growth of each sub-segment from 2016 to 2027.
People in the region have been suffering from various diseases such as obesity, Empacho (indigestion), irritable bowel syndrome (IBS), and several other digestion-related issues. Many of these are directly caused due to a poor digestion system, which can be attributed to the excessive consumption of junk food and food with high sodium content.
According to statistics provided by the National Survey of Risk Factors conducted in 2018 by FIC (Fundación InterAmericana del Corazón) Argentina, an estimated 33.1% of the adult population in Argentina was considered as overweight and 32.4% were considered obese. These health issues are opening new avenues for synbiotic products in the region.
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Target buyers of Latin America 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America synbiotic product market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America synbiotic product market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America synbiotic product market size, by country, 2016-2027 (US$M)
Latin America Synbiotic Product Market Share, 2019 & 2027 (US$M)
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