Synbiotic Market

Synbiotic Market Value And Growth (2003-2028):

Synbiotic Market was valued at US $ 0.8 billion in 2022 And the market size is forecasted to reach US$1.6 billion by 2028 growing at a CAGR of 8.7%.

Synbiotic Market Overview:

By Synbiotics, we mean those compounds which are a combination of prebiotics and probiotics in a form of synergism that promotes the growth and survival of the gut bacteria that mostly live in the intestine and colon of a human body in the gastrointestinal tract. The survival of probiotics in the guts and the difficulties related to that is positively influenced by the effect of Synbiotics. On that account, an appropriate combination of both the prebiotics and probiotic components in a product cumulatively has a better effect than the stand-alone components. They are available in both forms - food and dietary supplement. Consumption of synbiotics can provide many nutritional & health benefits that include weight loss, improving mental, digestive & heart health, decreasing inflammation, enhancing immune function, and reducing the risk of cardiovascular diseases. In addition, they are also used to boost the absorption of nutrients such as phosphorous, calcium, and magnesium and to treat hepatic conditions. These are the various characteristics that increases the global Synbiotic market share.

REPORT COVERAGE:

Synbiotic Market Growth:

With the rise in the health issues of the growing population, the demand for functional foods has also increased. The growing health consciousness amongst consumers is the major market driver for Synbiotic products worldwide.

Synbiotic Market Drivers:

With the changing lifestyle patterns, the health issues of the growing population are also on the rise. As a result, the demand for probiotics and prebiotics as functional food is also going up. It is proven by research that probiotics work best when combined with prebiotics and the pre-pro combo i.e. The synbiotic products are mostly preferred in the form of dietary supplements, commonly delivered in the Licaps capsule-in-a-capsule technology designed for the preferred-time release of the ingredient. The frequent innovations in this product category fuel the market growth for symbiotic products. Synbiotic products enhance immunity, provide energy, and improve vitality and cognitive health. The high nutritive value of symbiotic products and the rising awareness of the benefits of these products are fostering the growth of the global synbiotic market growth.

Synbiotic Market Restraints:

As the products provide a lot of health benefits and the manufacturing costs are high, consumers are expected to pay a premium price for them. However, the high price range of the products is believed to create hurdles for the growth of the synbiotic market size globally.

Recent Developments in the Synbiotic Market:

Unique times, a Singapore-based brand launched a new product in 2021 called Premium Probiotic 10. This product is touted to contain the benefits of prebiotics, probiotics, and superfoods.

Synbiotic Market Segmentation: 

By Product Type:

• Food and Beverages

• Dietary Supplements

• Animal Feed

• Others

Based on the product type, the synbiotic market can be divided into four categories namely Food and Beverages, Dietary Supplements, Animal Feed and Others. Among these, the functional food and beverages segment dominated the market owing to the rising application of functional food and beverages to enhance immunity, digestive health and cardio health. The dietary supplements segment is anticipated to grow at the fastest CAGR of 9.5% in this forecast period. This is because high consumer awareness coupled with prevalent marketing is driving the demand for synbiotic-based dietary supplements.

By Form:

• Capsules

• Powder

• Liquid

Based on form, the synbiotic market can be segregated into three categories namely Capsules, Powder, and Liquid. The capsule segment is the leading segment in the world as they are easily available and are highly suitable to be carried around without much hassle.

By Distribution Channel:

The market can be categorized into four categories Pharmacies/Health Stores, Supermarkets/hypermarkets, Online stores and Others. The Supermarkets/Hypermarkets held the largest share and dominated the global synbiotic market and are expected to grow at a CAGR of 8.6% between 2022 and 2027. This can be attributed to the fact that the buying experience becomes convenient due to the display of a large variety of products at the same time and place. Additionally, the number of hypermarkets has been growing extensively in populated countries like Japan, India and China. This has been boosting the market growth of synbiotic products.

Synbiotic Market Regional Analysis: 

• Europe 

Europe occupied the largest share in the synbiotic market worldwide. The factors behind the growth can be attributed to the increasing awareness about synbiotic products and the growing demand for functional foods. Additionally, European Union lays importance on ensuring clean labelling in case of food with nutrition and health benefit claims. A term was coined by the European Food and Safety Authority (EPSA) known as QPS (Qualified Presumption of Safety). This ensures the additional safety assessment of the bacterial supplements which are being used in the production of prebiotics and probiotics.

• North America 

The high visibility of synbiotics has increased the global synbiotic market growth in North America. The surging demand for synbiotics in food offers substantial opportunities to the manufacturers having a robust manufacturing base to modify and enhance their product lines. A major section of the population suffers from intestinal problems and hence resorts to synbiotics. This in turn boosts the market for synbiotics in North America.

• Asia-Pacific 

The Asia Pacific region is assumed to show the highest amount of global synbiotic market growth. The reasons for the same would be the rising incidences of irritable bowel syndrome and ulcerative colitis, especially among millennials. The spreading of awareness regarding the health benefits of synbiotics is also expected to favour market growth.

Synbiotic Market Key Players:

1. Seed Health, Inc.

2. Sabinsa Corporation

3. Biomin America Inc.

4. Chobani Global Holdings, LLC 

5. United Naturals

6. Probiotical SpA

7. Yakult Honsha Co., Ltd.

8. Pfizer Inc.

9. Daflorn Ltd.