North America Synbiotic Product Market Size & Outlook
North America synbiotic product market, 2016-2027 (US$M)
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North America synbiotic product market highlights
- The North America synbiotic product market generated a revenue of USD 187.1 million in 2019.
- The market is expected to grow at a CAGR of 8.4% 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, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 187.1 million |
| Market revenue in 2027 | USD 357.9 million |
| Growth rate | 8.4% (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, North America region accounted for 26.7% 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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North 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 83.06% in 2019. Horizon Databook has segmented the North 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.
The growing prevalence of prebiotics, probiotics, and synbiotics in North America on account of their potential use as nutritional supplements is likely to boost the demand for synbiotic products in the upcoming years.
Due to the pandemic, a majority of the consumers are consciously adopting synbiotics and related supplements to improve physical health, treat obesity, and reduce the risk of heart diseases. Consumers are increasingly opting for synbiotic products since they act synergistically to improve overall gut health by offering more benefits than either a probiotic or prebiotic agent alone.
Additional benefits offered by these products include developing immune systems; treating intestinal defects; activating metabolism; treating allergy; and treating cancer, liver disease, pancreatitis, and irritable bowel syndrome in surgical patients. Since these products promote overall health and wellbeing, they have witnessed an increased demand over the past few years.
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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 North America synbiotic product market, including forecasts for subscribers. This continent databook contains high-level insights into North America synbiotic product market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America synbiotic product market size, by country, 2016-2027 (US$M)
North America Synbiotic Product Market Share, 2019 & 2027 (US$M)
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