Synbiotics Market Forecast to 2030
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 top competitors in the market, their goals for business expansion, and their development strategies are all closely examined in the Synbiotics Market report. The archive encourages businesspeople to look up information about potential customers and places where they might be located. The review, which only highlights the greatest sellers, can help entrepreneurs find potential customers and discover more about their local market.
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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The global Synbiotics market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Synbiotics industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
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.
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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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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
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)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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