U.S. Synbiotic Product Market Size & Outlook, 2019-2027
U.S. synbiotic product market, 2016-2027 (US$M)
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U.S. synbiotic product market highlights
- The U.S. synbiotic product market generated a revenue of USD 157.5 million in 2019 and is expected to reach USD 297.0 million by 2027.
- The U.S. market is expected to grow at a CAGR of 8.3% 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 157.5 million |
| Market revenue in 2027 | USD 297.0 million |
| Growth rate | 8.3% (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, U.S. accounted for 22.5% 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 North America, U.S. synbiotic product market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 297.0 million by 2027.
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Synbiotic Product Market Scope
Synbiotic Product Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 82.98% in 2019. Horizon Databook has segmented the U.S. 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 adoption of synbiotic products among consumers in the U.S. has gradually increased over the past few years and is likely to continue over the forecast period owing to the increasing awareness regarding the additional benefits these products offer over other biotic supplements.
According to a clinical study conducted by Cummings J.H. on Gastrointestinal effects of prebiotics, it is confirmed that synbiotic products have a positive effect on gastrointestinal diseases as they have both probiotic and prebiotic properties. Since a significant portion of the country suffers from intestinal and digestive problems, the demand for synbiotic products has further increased.
Furthermore, consumers are adopting synbiotic supplements for feeding animals such as cattle, cows, chickens, and dogs as these products are considered as important tools to help maintain good health in animals and reduce the risks associated with certain diseases including bacterial infections, infections in gastrointestinal tract, and diarrhea.
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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 U.S. synbiotic product market, including forecasts for subscribers. This country databook contains high-level insights into U.S. synbiotic product market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. synbiotic product market size, by product, 2016-2027 (US$M)
U.S. Synbiotic Product Market Share, 2019 & 2027 (US$M)
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