Synbiotic Market Forecast 2020-2025
Synbiotic Market size is forecast to reach $1.8 billion by 2026, growing at a CAGR of 8.9% during the forecast period 2021-2026. Synbiotic is a combination of prebiotics, oligosaccharide fructans, and probiotics that are believed to have a synergistic effect by inhibiting the growth of pathogenic bacteria and enhancing the growth of beneficial organisms. The key factor driving the growth is that synbiotics are considered important tools to help maintaining humans and animals in good health, for prevention of disease, and/or as alternatives for reducing the risk associated with diseases. Growing awareness regarding health and wellness among consumers with rising urbanization is also augmenting the growth of the market. The effectiveness of synbiotics have proven synergistic health effects in consumers like improving survival and implantation of probiotics in the colon, preventing necrotizing enterocolitis, problems regarding gastrointestinal (GI) tract, thereby selectively stimulating the growth or activating the metabolism of health-promoting bacteria (probiotics) in the colon and improving the microbial composition of the GI tract, which is set to further enhance the overall market developments of the Synbiotic Market for the period 2021-2026.
Synbiotic Market Report Coverage
The report: “Synbiotic Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Synbiotic Market.
By Product Type: Food and Beverages, Dietary Supplement, Animal Feed, and Others
By Form: Capsules, Powder, and Liquid
By Packaging: Paper, Metals, Glass, Plastics, and Others
By Distribution Channel: Pharmacies/Health Stores, Supermarkets/Hypermarkets, Online Stores, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)
Key Takeaways
- Europe dominated the Synbiotic Market in 2020 owing to increased awareness of synbiotic products, combined with high product exposure all throughout the European Union. The Synbiotic Market scope for different regions will be provided in the final report.
- Growing number of health conscious consumers coupled with rising awareness regarding the high nutritive value of synbiotic products are likely to aid the market growth of the Synbiotic Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Synbiotic Market report.
- The high price range of synbiotics is poised to create the hurdles for the Synbiotic Market.
Synbiotic Market Segment Analysis – By Product Type
The food and beverages segment held the largest share in the Synbiotic Market in 2020 and is estimated to grow at a CAGR of 8.3% during the forecast period 2021-2026.
Synbiotic Market Segment Analysis – By Geography
Europe dominated the Synbiotic Market with a major share of 41.0% in 2020. This is attributed to the factors like increased awareness of synbiotic products, combined with high product exposure, that has favored recent demand for synbiotic products. Additionally, over the recent past, growing number of consumers are suffering from intestinal problems because of which they are taking resort of synbiotics, which is boosting the market growth.
Synbiotic Market Drivers
Increasing number of health conscious consumers is driving the market growth
Over the recent past, the number of health conscious consumers has increased manifold along with the scope of availability of prebiotics and postbiotics based based products globally. They contribute to the synthesis of nutrients and improve their bioavailability; some probiotics are known to exert anti-oxidative activity in the form of intact cells or lysates. Probiotics have also demonstrated their inherent effects in alleviating symptoms of allergy, cancer, AIDS, respiratory and urinary tract infections. There are stray reports on their beneficial effects on aging, fatigue, autism, osteoporosis, obesity and type 2 diabetes Synbiotics help to fight diarrhoea. Diarrhoea is defined by the World Health Organization(WHO) as three or more loose or watery stools during 24-hour period. Over the last decade till 2020, several investigations have been conducted by WHO on probiotic microorganisms by in vitro studies, animal experiments and appropriate well-designed clinical studies have validated the positive effects of probiotic consumption in arresting diarrhea of different types Thus, increasing the growth of the Synbiotic Market during the forecast period 2021-2026.
Synbiotic Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Synbiotic Market. In 2020, the Synbiotic Market share is fragmented by the top ten players present in the market. The Synbiotic Market, top 10 companies are:
- Seed Health, Inc.
- Sabinsa Corporation
- Biomin America Inc.
- United Naturals
- Probiotical SpA
- Yakult Honsha Co., Ltd.
- Pfizer Inc.
- Daflorn Ltd.
- Chobani Global Holdings, LLC
Synbiotic Market Developments:
- In September 2021, CoSara is a joint venture company of Synbiotics Limited, a wholly owned subsidiary Ambalal Sarabhai Enterprises Limited and Co- Diagnostics Inc, USA., received CDSCO license to manufacture SARAGENE Dengue Test Kit.
- In January 2019, Sabinsa Corporation launched a synbiotic product-LactoSporin®, which is a novel probiotic metabolite for skin
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