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Synbiotics Market Size, Share, Growth, Regional Trends, Business Opportunities, Competition and Forecast to 2030

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Synbiotics Market Size, Share, Growth, Regional Trends, Business Opportunities, Competition and Forecast to 2030

July 26
23:20 2022
Synbiotics Market Size, Share, Growth, Regional Trends, Business Opportunities, Competition and Forecast to 2030
Emergen Research | Synbiotics Market
Growing health awareness among consumers towards nutritional supplements is a key factor driving synbiotics market revenue growth

The global synbiotics market size was USD 817.2 Million in 2021 and is expected to register a revenue CAGR of 8.3% during the forecast period, according to latest analysis by Emergen Research. Growing health awareness among consumers towards nutritional supplements and provision of various health benefits of synbiotics is a key factor driving market revenue growth.

Rapid urbanization and time-constraint lifestyle are leading consumers to favor quick and fast food choices instead of home-cooked balanced meals, thereby decreasing quality of food intake. In addition, growing intake of unhealthy food owing to increase in fast food franchises and convenience stores is another major factor increasing demand for synbiotic products.

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Consumption of synbiotics provides various nutritional and health benefits such as weight loss, stronger immune system, improved heart and digestive health, diarrhea control, pro-carcinogen neutralization, effective against constipation, decreased stress tolerance, and decreased inflammation, which is causing a surge in demand from pharmaceutical, nutraceutical, and food manufacturers. According to National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) 16 out of 100 adult individuals and about 33 out of 100 adult individuals of 60 and above years old have symptoms of constipation.

One of the primary factors driving growth of market is increased demand for functional foods from health-conscious customers. Consumption of synbiotics offer various health benefits such as increased levels of lactobacilli and bifidobacteria, balanced gut microbiota, improved liver function in cirrhotic patients, improved immunomodulating ability, and prevention of bacterial translocation. Furthermore, inclusion of functional ingredients, microbial strains, and antioxidants to improve quality and shelf-life of probiotic products is increasing commercialization of synbiotics. 

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The report on the Global Synbiotics Market is an investigative study on the key features of the business landscape along with an analysis of the growth opportunities, challenges, threats, drivers and restraints, and limitations of the market. The report also offers insights into the segments, sub-segments, and regions exhibiting promising growth.

The report further sheds light on the competitive landscape of the Synbiotics market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.

Key participants include Daflon Probiotics, Danone, Sabinsa, Yakult Pharmaceutical Industry Co., Ltd., Probiotical S.p.A., Pfizer Inc., Synbiotic Health, United Naturals, Chr. Hansen Holding A/S, and NUtech Ventures.

Key Highlights from the Report

In 2021, the powdered segment accounted for a significant market share. One of the major factors driving revenue growth of market is availability of a high amount of fiber, which aids in digestion and blood sugar regulation. Powdered goods are very effective in treatment of Inflammatory Bowel Diseases (IBD) and lactose intolerance, since they allow for appropriate digestion. According to a research, IBD cases accounted to 396 per 100,000 individuals annually.

The food & beverages segment accounted for largest revenue share in 2021 owing to provision of better nutrient absorption, aiding in better digestion, and helping in weight management. Increase in development and manufacturing of nutritional supplements with enhanced nutritional value by major companies is driving revenue growth of the market. In addition, increasing demand for functional food for immunity health, digestive health and cardio health along with growing consumer awareness is a major factor driving growth of this segment.

The indirect segment accounted for a significant revenue share in 2021. Provision of high visibility of products on various retail and pharmacy outlets enabling easy access is one of the major factors driving revenue growth of this segment. In addition, growing number of retailers is also contributing to market growth.

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Synbiotics Market Segmentation by Regions:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Emergen Research has segmented the global synbiotics market based on fiber type, polymer type, end-users, and region:

Fiber Type Outlook (Revenue, USD Million; 2019-2030)

Roselle Fiber

Kenaf Fiber

Flax Fiber

Ramie Fiber

Others

Polymer Type Outlook (Revenue, USD Million; 2019-2030)

PP

PE

PA

PLA

Others

End-Users Outlook (Revenue, USD Million; 2019-2030)

Building & Construction

Automotive

Medical

Consumer Goods

Others

Key Features of the Synbiotics Market Report:

The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats

The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares

Evaluation of key current and emerging market trends and growth prospects

It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth

Brief overview of industry with regards to research and development, technological advancements, and product development

In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario

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Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.

About Us:

At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Read Full Press Release @https://www.emergenresearch.com/press-release/global-synbiotics-market

Media Contact
Company Name: Emergen Research
Contact Person: Eric Lee
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Country: Canada
Website: www.emergenresearch.com/industry-report/synbiotics-market

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