Synbiotic Products Market

Synbiotic Products Market Size, Share, Growth (2022-2027)

The Size of the Synbiotic Products Market was at USD xx. xx million in 2022 and is anticipated to arrive at USD xx. xx million by 2027.

The market is also estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the foreseen period 2022 - 2027.  The rising fortification of functional foods with prebiotics and probiotics is expected to have a positive impact on Synbiotic Products' market growth. The growing preference for a healthy lifestyle among consumers has resulted in a surge in the demand for functional foods and beverages, increasing the call for Synbiotic products in developed and developing nations of the world. Also, the shift in consumer orientation towards nutritional supplements due to changes in lifestyle and eating habits is supposed to drive demand for Synbiotic Products Market in the coming years. The online distribution channel is expected to grow at the fastest CAGR of 10.6% in the Global Synbiotic Products Market during the forecast period 2021 to 2027

Synbiotic Products Market Overview:

Synbiotic products are food supplements that integrate both probiotics and prebiotics. It is a combination of a microorganism that has a beneficial effect on health when consumed. These products generally included a collection of Bifidobacterium, Lactobacillus, and lactulose or inulin, which is a carbonaceous substrate that comprises lactose. This food supplement called as a functional food is used to alter, modify and restore the pre-existing intestinal flora. Synbiotic products are designed to enhance immunity, cognitive health, energy, and vitality. Functional foods have the ability to enhance optimal health by reducing the occurrence of various non-communicable disorders, improving nutrient absorption, aiding better digestion, and ensuring proper weight control. As a result, buyers must pay a premium to purchase such products.

Recent Developments in Synbiotic Products Market:

1. Viva 5 Corporation, a probiotic specialist based in the USA, has published a licensing agreement with NUtech Ventures, the University of Nebraska-Lincoln technology marketer, to become the exclusive distributor of an innovative new Synbiotic, which combines a proprietary human strain of Bifidobacterium adolescentis with a carefully selected prebiotic galactooligosaccharide (GOS) around the world.

2. Pfizer Animal Health announced that it completed the purchase of Synbiotics Corporation, which resulted in a suspension of trading in Synbiotics common stock. Registered shareholders of Synbiotics common shares will receive written instructions, including a letter of transmission, for the exchange of their Synbiotics common shares for the merger.

Synbiotic Products Market Drivers and Restraints:

The rising preference for a healthy lifestyle among consumers has resulted in a surge in the demand for functional foods and beverages, increasing the call for Synbiotic products in developed and developing nations of the world.

Also, the shift in consumer orientation towards nutritional supplements due to changes in lifestyle and eating habits is supposed to drive demand for Synbiotic products in the coming years. Increased fortification of functional foods with prebiotics and probiotics is expected to have a positive impact on market growth. The Synbiotic products facilitate the proper functioning of the intestinal environment. They are primarily developed to enhance immunity, energy, cognitive health, and vitality of the human intestines. They have the particularity of prolonging optimal health by reducing the prevalence of various non-communicable ailments, improving the absorption of nutrients, aiding in better digestion, and ensuring good weight control. As a result, buyers must pay a premium to purchase these products. Companies engaged in the manufacture of nutritional supplements and food and beverage products have enriched their products with probiotics, prebiotics, and Synbiotics to enhance nutritional value and provide health benefits. All these associated medicinal advantages act as growth supporting aspects for the global synbiotic products market.

Synbiotic Products Market Segmentation of the market:

The Global Synbiotic Products Market can be divided based on the

• Product

• Distribution channel.

Functional foods and beverages dominated the market for Synbiotic products and accounted for an 84.1% share in 2019.

The growing application of functional foods and beverages to enhance immunity, cardiovascular health, and digestive health is supposed to open new avenues for Synbiotic foods and beverages in the coming years. Food manufacturers like Nestlé and Pfizer are partnering with universities to better understand how the microbiome affects human health. The offline distribution channel dominated the market for Synbiotic products in 2019 and had a 93.3% share. High visibility of products in retail stores and pharmacies is the main factor driving the sale of Synbiotic products through an offline channel. Furthermore, a growing number of retailers in countries such as India, China, and Brazil will positively influence the growth of the segment in the coming years. The online distribution channel is expected to grow at the fastest CAGR of 10.6% from 2021 to 2027. The increasing familiarity and dependence of Generation X, Generation Y, and Generation Z parents on the Internet and e-commerce are the main factors that are expected to drive sales. Various value-added services, such as discounted prices, cash on delivery, and refunds, offered by online retailers are expected to drive the growth of online channels in the coming years.

Synbiotic Products Market Geographical Classification:

The Global Synbiotic Products Market has been categorized based on geography into the regions of

1. North America

2. Asia Pacific

3. Europe

4. Latin America

5. Middle East and Africa

Among these, Europe has become the largest regional market and accounted for a 37% share in 2019. The region is estimated to maintain its leadership in the Synbiotic product market throughout the conjecture period. Increasing awareness of Synbiotic products coupled with high product visibility is the main driver of demand for these products in the recent past and is likely to continue through the projection period. Asia-Pacific is envisioned to grow at a CAGR of 9.5% during the conjecture period. The increasing habit of eating out can affect intestinal health and affect health. 

Synbiotic Products Market Key Players

1. Asmara (NU3x)

2. Daflorn Ltd.

3. NUtech Ventures

4. Synbiotic Health, Inc.

5. Synbiotics Corporation (Pfizer)

6. United Naturals

7. Probiotical S.p.A.

8. Yakult S/A

9. Sabinsa Corporation