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 the latest analysis by Emergen Research. Growing health awareness among consumers towards nutritional supplements and the provision of various health benefits from synbiotics is a key factor driving market revenue growth.
The most recent market research report from Emergen Research, titled Global Synbiotics Market, provides an estimated market size and share as well as current industry trends, global market growth rates, significant drivers and opportunities, difficulties, product segmentation, and key market competitors. Pricing range, size of the market, degree of competition, product offerings and details, and business histories
Rapid urbanization and a time-constraint lifestyle are leading consumers to favor quick and fast food choices instead of home-cooked, balanced meals, thereby decreasing the quality of food intake. In addition, the growing intake of unhealthy food owing to the increase in fast food franchises and convenience stores is another major factor increasing demand for synbiotic products. Consumption of synbiotics provides various nutritional and health benefits such as weight loss, a stronger immune system, improved heart and digestive health, diarrhea control, pro-carcinogen neutralization, effectiveness against constipation, decreased stress tolerance, and decreased inflammation, which is causing a surge in demand from pharmaceutical, nutraceutical, and food manufacturers. According to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), 16 out of 100 adult individuals and about 33 out of 100 adults 60 and older have symptoms of constipation.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Synbiotics market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Synbiotics market and pinpoint the fundamental growth trends.
The leading market contenders listed in the report are:
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.
Global Synbiotics Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- RD Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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Some 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.
- The Europe market accounted for largest revenue share in 2021. Rising consumer awareness for synbiotics in addition to availability and high visibility of products is a major factor driving revenue growth of the market. Additionally, increasing disposable income and shifting preference for nutritional supplement with food consumption are increasing demand for functional foods beverages.
Market Overview:
The report bifurcates the Synbiotics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Form Outlook (Revenue, USD Million; 2019-2030)
- Powdered
- Liquid
- Application Outlook (Revenue, USD Million; 2019-2030)
- Food Beverages
- Dairy
- Pharmaceuticals
- Aquaculture farming
- Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
- Indirect
- Direct
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Key reasons to buy the Global Synbiotics Market report:
- The latest report comprehensively studies the global Synbiotics market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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