Global Synbiotic Products Market to Reach $1.6 Billion by 2030
The global market for Synbiotic Products estimated at US$1 Billion in the year 2023, is expected to reach US$1.6 Billion by 2030, growing at a CAGR of 7.1% over the period 2023-2030. Synbiotic Functional Food & Beverages, one of the segments analyzed in the report, is expected to record 6.9% CAGR and reach US$1.4 Billion by the end of the analysis period. Growth in the Other Product Segments segment is estimated at 8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $264.8 Million, While China is Forecast to Grow at 10.8% CAGR
The Synbiotic Products market in the U.S. is estimated at US$264.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$396.9 Million by the year 2030 trailing a CAGR of 10.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 6.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
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