Synbiotics Market Size to Reach USD 1674.8 Million in 2030 | Emergen Research

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 latest analysis by Emergen Research. Increasing awareness about the potential health benefits of synbiotics is expected to remain a key driver for market growth over the forecast period. Synbiotics can be defined as a combination of two or more complementary components, including prebiotics and probiotics, which act in synergy to confer health benefits on the host. Probiotics are living microorganisms that are known to have a positive effect on human health. Prebiotics are non-digestible food ingredients that promote the growth of beneficial microorganisms in the gut. Probiotics and prebiotics work together to provide greater health benefits than either component can provide individually.

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The growing popularity of synbiotics as a dietary supplement is expected to be a key driver for market growth over the forecast period. Synbiotics are known to improve gut health and boost immunity. They are also believed to help in the management of obesity and other chronic diseases such as diabetes and heart disease. The rising prevalence of these chronic diseases is expected to drive demand for synbiotics over the forecast period.

The increasing demand for functional foods and beverages is another factor expected to drive growth of the synbiotics market over the forecast period. Functional foods are foods that contain bioactive components that provide health benefits beyond basic nutrition. Synbiotics are being increasingly used as functional ingredients in a range of food and beverage products. The growing demand for these products is expected to drive growth of the synbiotics market over the forecast period.

Some Key Highlights From the Report

• In 2021, the powdered segment accounted for a significant market share due to  the growing preference for dietary powders among consumers. Powdered goods are very effective in maintaining gut flora, and are thus very popular in the food industry. The use of synbiotics is also gaining popularity in animal feed, due to the wide range of benefits they offer.
• The capsules segment is expected to grow at a rapid pace during the forecast period due to the growing demand for capsules as they are easy to consume and provide immediate results.
• The human segment held the largest share of the market in 2021. This can be attributed to the growing awareness of the health benefits associated with synbiotics among consumers and the rising demand for dietary supplements.

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• The food & beverages segment accounted for largest revenue share in 2021 due to provision of better nutrient absorption, immunity, and segmentation. The animal feed segment is expected to grow significantly over the forecast period owing to increase in demand for Synbiotics as an alternative option in pet food products such as cat & dog foods.
• Application of synbiotic products in pharmaceutical & healthcare industry is also increasing due to their ability in treating a number of chronic diseases such as obesity, colitis, and inflammatory bowel diseases. The increase in awareness about various health benefits of synbiotics among consumers is also driving the demand for these products from pharmaceutical & healthcare industry.
• The North America synbiotics market is expected to register considerable growth over the forecast period. The region has a well-developed healthcare infrastructure and a large number of people are aware of the potential health benefits of synbiotics. The growing demand for functional foods and beverages is also expected to drive growth of the synbiotics market in North America.
• The Asia Pacific synbiotics market is expected to register significant growth over the forecast period. The region has a large population and a growing awareness about the potential health benefits of synbiotics. The growing demand for functional foods and beverages is also expected to drive growth of the synbiotics market in Asia Pacific.
• Some major companies in the global market report include 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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Emergen Research has segmented the global synbiotics market based on fiber type, polymer type, end-users, and region:

• Fiber Type Outlook (Revenue, USD Million; 2019-2030)
  • Roselle Fiber
  • Kenaf Fiber
  • Flax Fiber
  • Ramie Fiber
  • Others

• Polymer Type Outlook (Revenue, USD Million; 2019-2030)
  • PP
  • PE
  • PA
  • PLA
  • Others

• End-Users Outlook (Revenue, USD Million; 2019-2030)
  • Building & Construction
  • Automotive
  • Medical
  • Consumer Goods
  • Others

• Regional Outlook (Revenue, USD Million; 2019-2030)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. UK
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of Middle East & Africa

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