Middle East & Africa Synbiotic Product Market Size & Outlook
Middle East & Africa synbiotic product market, 2016-2027 (US$M)
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MEA synbiotic product market highlights
- The MEA synbiotic product market generated a revenue of USD 40.6 million in 2019.
- The market is expected to grow at a CAGR of 8.8% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2020 to 2027.
MEA data book summary
| Market revenue in 2019 | USD 40.6 million |
| Market revenue in 2027 | USD 79.5 million |
| Growth rate | 8.8% (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, MEA region accounted for 5.8% 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.
Key Regions: U.S. , UK , Brazil , South Africa , Germany
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Synbiotic Product Market Scope
Synbiotic Product Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 83.5% in 2019. Horizon Databook has segmented the Middle East & Africa synbiotic product market based on functional food & beverages, dietary supplements, other products covering the revenue growth of each sub-segment from 2016 to 2027.
Ongoing urbanization and rising disposable income among people in the Middle East and in South Africa are expected to fuel the demand for dietary supplements such as synbiotic products over forecast period. Furthermore, the increasing importance of the Middle East as a commercial hub on account of its vicinity to oil & gas fields is expected to increase the presence of working professionals in the region.
In addition to this, over the past few decades, cities like Dubai and Abu Dhabi have emerged as major tourist hubs in the region, attracting a considerable number of tourists from across the globe. These market trends could have a positive impact on the demand for synbiotic products over the forecast period.
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Our clientele includes a mix of synbiotic product market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa synbiotic product market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa synbiotic product market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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MEA synbiotic product market size, by country, 2016-2027 (US$M)
Middle East & Africa Synbiotic Product Market Share, 2019 & 2027 (US$M)
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