Global Synbiotic Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Synbiotic Products Market Introduction:

“The global Synbiotic Products Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global synbiotic products market report has been segmented on the basis of type, application, packaging material, distribution channel, and region.

Synbiotic products are the food ingredients or dietary supplements combining probiotics and prebiotics products. A synbiotic products are combination of a microorganism that have some beneficial healthy effect when consumed.

These products generally contain a combination of Bifidobacterium, Lactobacillus or Streptococcus species, and a carbon substrate including lactose, lactulose or inulin.

Synbiotic products are useful in treatment of gynecology, urology, anti-ageing, gastroenterology, immunology, cardiology, skin care, dietetics and oral care diseases and disorders.

Market Dynamics:

Key factors expected to drive growth of the global synbiotic products market is growing health awareness among consumers and rising nutritional supplementation across the globe. In addition, rising disposable income, changing food consumption habits, increasing demand for prebiotics and probiotic in functional food & beverages, and rising awareness regarding healthy benefits of consumption of synbiotic products are some other factors expected to drive growth of the global synbiotic products market.

Furthermore, growing food and beverages sectors, changing consumer preferences, changing living standards launches of new advance and nutritional products, growing dairy industry, and government and several NGO’s initiatives for promoting healthy benefits of synbiotic products consumptions are some other factors expected to drive growth of the target market over the forecasted period.

However, strict regulations and products recalls are some factors expected to hamper growth of the global synbiotic products market over the forecast period.

Trends:

Prominent players are focusing on collaborating with other market players in order to form effective distribution chain.

In addition, major players are launching new synbiotic products with different natural or organic based ingredients to cater the growing demand for healthy products, are some key trends witnessed in the target market, currently.

In March 2018, for instance, Viva 5 Corporation which is the US-based probiotic specialist company entered into strategic licensing partnership with NUtech Ventures  as an exclusive distributor of an innovative new synbiotic.

Under this partnership, the company focus on expanding its geographical presence across the globe.

Segmental Analysis:

On the basis of type, dietary supplements segment is expected to dominate the global synbiotic products market, owing to increasing health consciousness among consumers. On the basis of application, the food and beverage segment is expected to dominate the target market, owing to increasing F&B expenditure across the globe.

On the basis of packaging material, paper is expected to dominate the target market, due to environmental friendly option for packaging synbiotic product.

On the basis of distribution channel, the store based segment is expected to dominate the target market, owing to wide availability of product and non-store based segment is expected to register highest CAGR owing to growing e-commerce sector across the globe.

Regional Analysis:

The market in North America is expected to dominate in the global synbiotic products market. This is primarily attributed to increasing awareness regarding healthy lifestyle and higher per capita income level of population in countries in the region.

The market in Asia Pacific is expected to be an emerging market for the global synbiotic products market, and is expected to register highest CAGR over the forecast period, owing to growing demand for dietary supplements in China and India countries in the region.

Moreover, the markets in Europe, Latin America and Middle East & Africa are expected to register significant higher revenue growth in the global synbiotic products market over the forecast period.

GLOBAL SYNBIOTIC PRODUCTS MARKET SEGMENTATION:

Segmentation by type:

• Dairy and Frozen desserts
• Bakery and Confectionary
• Snacks
• Beverages
• Dietary supplements
• Others (include, dry food, animal feed, fermented meat, etc.)

 Segmentation by application:

• Food & Beverage
• Pharmaceuticals
• Animal Feed

Segmentation by packaging material:

• Glass
• Plastic
• Metal
• Paper

Segmentation by distribution channel:

• Store based
• Non-store based

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa