Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Synbiotic Product Market Size is Expected to Grow from USD 0.93 Billion in 2023 to USD 1.85 Billion by 2033, Growing at a CAGR of 7.12% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Synbiotic Product Market Size, Share, and COVID-19 Impact Analysis, By Product (Functional Food & Beverages, Animal Feeds, Dietary Supplements, and Others), By Form (Liquid, Capsules, and Powder), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Synbiotic product is a food supplement that contains both prebiotics and probiotics. Using this functional dietary supplement, the pre-existing intestinal flora is altered, modified, and restored. Synbiotic products also support a healthy stomach environment. Microbial strains including Bifidobacterium, Lactobacilli, S. boulardi, and Bifidobacterium coagulans, together with prebiotics such as inulin, FOS, GOS, XOS, and fructans, are some of the most widely used fibers that, when paired with probiotics, are referred to as synbiotics and can enhance microbial viability. Synbiotic products are designed to enhance vitality, energy, immunity, and cognitive function. Demand for probiotic and prebiotic-containing functional foods and beverages is rising as a result of consumers' growing health consciousness. Further driving market expansion is the growing trend of nutritional supplementation brought on by shifting food and lifestyle patterns. The addition of probiotic and prebiotic compounds to functional foods is also driving market expansion. Additionally, customers are being encouraged to include symbiotic products in their daily routines as a result of increased understanding of their advantages, which include enhanced immunity, gastrointestinal health, and general well-being. However, the main barrier is the short shelf life of products containing synbiotics.
The functional food & beverages segment is expected to hold the largest market share of the global synbiotic product market through the forecast period.
Based on the product, the synbiotic product market is categorized into functional food & beverages, animal feeds, dietary supplements, and others. Among these, the functional food & beverages segment is expected to hold the largest market share of the global synbiotic product market through the forecast period. The capacity of functional foods and beverages filled with probiotics and prebiotics to improve gut health and overall health has led to their growing popularity. These products are highly sought after by consumers as a way to maintain a healthy microbiome, increase immunity, and improve digestion. In this market, the demand for symbiotic products is being driven by the rising popularity of health and wellness as well as the growing awareness of the advantages of functional ingredients.
The capsules segment is anticipated to hold a significant market share of the global synbiotic product market through the projected period.
Based on the form, the synbiotic product market is classified into liquid, capsules, and powder. Among these, the capsules segment is anticipated to hold a significant market share of the global synbiotic product market through the projected period. This expansion is fueled by growing consumer knowledge of the advantages of synbiotics for immunity, gastrointestinal health, and general well-being. The simplicity of use and convenience of capsules also contribute to their popularity among consumers.
The offline segment is estimated to hold the highest market share of the global synbiotic product market through the forecast period.
Based on the distribution channel, the synbiotic product market is divided into online and offline. Among these, the offline segment is estimated to hold the highest market share of the global synbiotic product market through the forecast period. Supermarkets, health food stores, and pharmacies are instances of offline retail establishments where customers can examine and purchase symbiotic products in person. Customers are more confident in their product selections since they may ask competent employees for guidance throughout this in-store encounter.
Europe is expected to hold the largest share of the synbiotic product market through the forecast period.
Europe is expected to hold the largest share of the synbiotic product market through the forecast period. The demand for functional foods and beverages that support gut health and general well-being is being driven by European consumers' strong awareness of health and well-being. Symbiotic products are held to high standards by the region's strict food safety and quality regulations and standards, which boosts consumer adoption and trust. In addition, symbiotic goods are widely available to customers due to their extensive availability in a variety of retail channels, such as pharmacies, health food stores, and supermarkets. The appeal of symbiotic products in Europe is further increased by the influence of cultural trends that emphasize natural and organic products.
Asia Pacific is predicted to grow at the fastest CAGR of the synbiotic product market over the forecast period. The demand for synbiotics and other health and wellness products is driven by the growing middle class in nations such as China and India. Demand for functional meals and heightened health consciousness are a result of rapidly changing well-being and urbanization. The industry is expanding as a result of government programs and non-governmental organization (NGO) campaigns that highlight the advantages of synbiotics.
Competitive Analysis
Major key players in the synbiotic product market include Daflorn Ltd, Sabinsa, Danone, UAS Laboratories LLC, Yakult Honsha Co. Ltd, Probiotical S.p.A, United Naturals, Pfizer Inc., Synbiotic Health, NUtech Ventures, Asmara (NU3x), Pure Encapsulations, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the synbiotic product market based on the below-mentioned segments:
Global Synbiotic Product Market, By Product
Global Synbiotic Product Market, By Form
Global Synbiotic Product Market, By Distribution Channel
Global Synbiotic Product Market, By Regional Analysis
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