South Africa Synbiotic Product Market Size & Outlook
South Africa synbiotic product market, 2016-2027 (US$M)
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South Africa synbiotic product market highlights
- The South Africa synbiotic product market generated a revenue of USD 12.2 million in 2019 and is expected to reach USD 22.3 million by 2027.
- The South Africa market is expected to grow at a CAGR of 7.8% 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 12.2 million |
| Market revenue in 2027 | USD 22.3 million |
| Growth rate | 7.8% (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, South Africa accounted for 1.7% 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 Middle East & Africa, South Africa synbiotic product market is projected to lead the regional market in terms of revenue in 2027.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 22.3 million by 2027.
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Synbiotic Product Market Scope
Synbiotic Product Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 82.79% in 2019. Horizon Databook has segmented the South 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.
Over the past few years, the prevalence of lactose intolerance, diabetes, diarrhea, IBS, candida, allergies, and bacterial vaginosis has increased significantly in the country. According to statistics provided by the International Diabetes Federation, 12.8% of the adults in South Africa suffer from diabetes. Such significant diabetic population in the country is promoting the demand for dietary supplements, especially synbiotic products.
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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 country-level data and insights on the South Africa synbiotic product market, including forecasts for subscribers. This country databook contains high-level insights into South Africa synbiotic product market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Africa synbiotic product market size, by product, 2016-2027 (US$M)
South Africa Synbiotic Product Market Share, 2019 & 2027 (US$M)
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