The global synbiotic market demand is forecast to increase at a healthy CAGR of around 7% to 9% between 2022 and 2032, totaling over US$ 1.86 Billion by 2032. Due to the increasing use of synbiotics in a variety of industries, including food and beverage, medicines, and animal feed, as well as their numerous nutritional and health advantages, the market is expected to grow.
The synbiotic market refers to the market for food and dietary supplement products that contain both probiotics and prebiotics. Probiotics are live microorganisms that provide a variety of health benefits when consumed, while prebiotics are non-digestible food ingredients that promote the growth and activity of beneficial microorganisms in the gut.
The synbiotic market has been growing in recent years, driven by increasing consumer awareness of the health benefits of probiotics and prebiotics, as well as the growing demand for functional foods and dietary supplements. In addition, the increasing prevalence of digestive and immune system-related health problems has led to a growing demand for synbiotic products.
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In terms of geography, North America and Europe are the largest markets for synbiotics, due to a high level of awareness of the health benefits of these products and a well-developed functional food and dietary supplement market in these regions. Asia-Pacific is expected to show strong growth, driven by factors such as increasing disposable incomes and a growing awareness of the health benefits of synbiotics in countries such as China and India.
Overall, the synbiotic market is characterized by intense competition, with companies constantly innovating and introducing new products to stay ahead in the market. However, factors such as the high cost of raw materials and regulatory challenges are expected to challenge the growth of the market.
Owing to increasing awareness among consumers and increased internet penetration, Synbiotic is widely used in the food industry. It is used in the manufacturing of food products such as cereals, nutrient supplements, candies, and chocolates. Increasing use of Synbiotic in food processing industry contributes to the growth of the global Synbiotic market.
Global Synbiotic: Key Players
Some the key players operating their business in the global Synbiotic market
- Pfizer Pharmaceuticals
- Yakult Pharmaceuticals
- Groupe Danone
- Behn Mayer & Company Private Limited
- Skystone Feed Coperative Limited
- Sabinsa Coorporation
- Daflorn MLM5 Limited
- Chr. Hansen
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In 2019, Pfizer Inc. and Array BioPharma Inc. have entered into a definitive merger agreement has been signed pursuant to which Pfizer acquires Array, a global biopharmaceutical company focusing on the discovery, production and distribution of targeted small molecular medicines for the treatment of cancer and other highly unmet diseases.
Opportunities for Synbiotic market:The rising population’s rise in health issues has increased demand for functional foods. Moreover, the development of the dairy industry in countries like India and China is also expected to fuel the growth of the synbiotic market in the coming years.
The demand for probiotics and prebiotics in functional food and beverage is continuing to increase. Speeding healthy lifestyles among consumers towards nutritional supplements is expected to play a significant role in driving market growth for synbiotics over the coming years.
Manufacturers in the nutraceutical and food & beverage industries have enhanced the strengthening of natural ingredients such as probiotics, prebiotics and synbiotics in their product selection to provide nutritional enrichment and related health benefits. The European Commission lifted quotas for manufacturing dairy products in the region in March 2015.
Brief Approach to Research Synbiotic Market:
A modelling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes
Global Synbiotics Market: Segmentation
The synbiotics market report covers the detailed analysis of the following segmentation which includes, by application, form, distribution channel and region.
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On the basis of product form, global Synbiotic market can be segmented as:-
- Powder
- Liquid
On the basis of product application, global Synbiotic market can be segmented as:-
- Food & Beverages
- Pharmaceutical
- Dairy Industry
- Animal Feed
- Aquaculture Farming
On the basis of distribution channel, global Synbiotic market can be segmented as:-
- Direct/B2B
- Indirect/B2C
- Online Retail
- Hypermarkets/Supermarkets
- Convenience Store
- Retail stores
- Others
On the basis of region, the Global Synbiotic market has been segmented as
- North America
- Latin America
- Europe Barley
- CIS & Russia
- Japan
- APEJ
- The Middle East & Africa
Report Highlights:
- An overview of the Synbiotic market, including background and evolution
- Macroeconomic factors affecting the Synbiotic market and its potential
- Market dynamics, such as drivers, challenges and trends
- Detailed value chain analysis of the Synbiotic market
- Cost structure of the products and segments covered in the study
- In-depth pricing analysis, by key product segments, regions and by major participants in Synbiotic market
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
- Analysis of the Synbiotic market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players in this market
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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