Global Synbiotic Market Size (2023-2030)

In 2022, the Global Synbiotic Market was valued at $0.87 billion, and is projected to reach a market size of $1.56 billion by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 8.7%. The burgeoning use of synbiotics across numerous sectors such as food & beverages, medicines, and animal feed, owing to their varied nutritional and health advantages, is driving the market growth.

INDUSTRY OVERVIEW

Synbiotics are a synergistic mix of prebiotics and probiotics that promote the development and survival of gut bacteria that dwell mostly in the intestine and colon of a human body's gastrointestinal tract. Synbiotics were created to address the challenges that probiotics face in the stomach. As a result, a product containing an adequate combination of both prebiotics and probiotic components should have a positive effect when compared to the effect of any component alone. They're offered as food and a dietary supplement. Weight loss improved mental, digestive, and heart health, improved immunological function, decreased inflammation and reduced the risk of cardiovascular illnesses are just a few of the nutritional and physiological advantages of using synbiotics.They're also used to treat hepatic problems and enhance the absorption of minerals including calcium, phosphorus, and magnesium. They're also utilised in aquaculture to boost fish output by boosting the immune system. Moreover, fortification of dairy products and meals with synbiotics has grown to provide nutritional and health advantages. This, in turn, propels the synbiotic market forward.

Companies in the food and beverage industry, as well as other sectors, are incorporating functional ingredients such as probiotics, prebiotics, and synbiotics into their product lines to provide nutritional enrichment and other health advantages. Synbiotics are predicted to grow in demand and supply chain due to their use in pet food and pharmaceutical sectors, as well as the growing relevance of fibres in the food and beverage industry.The need for functional foods has risen as the population's health problems have worsened. Furthermore, the rise of the dairy sector in countries such as India and China is likely to boost the synbiotic market growth in the coming years. However, the expensive cost of synbiotics, as well as a lack of knowledge about them, may limit the synbiotic market's future expansion. Nonetheless, the loss of aquaculture species is predicted to increase demand for feed items, fueling the synbiotic market's expansion.

COVID-19 IMPACT ON THE SYNBIOTIC MARKET

The COVID-19 epidemic has boosted the demand for synbiotic products. People suffered a lot of stomach problems as a result of the infection, which increased the demand for prebiotics and probiotics. Following the Covid debacle, a host of new products arose to suit the growing need for synbiotics. Due to the economic recovery in most emerging nations, the market for Synbiotic Products is fast nearing pre-COVID levels, with a robust growth rate expected for the projection period. Unprecedented possibilities, on the other hand, paint a dismal picture as a result of the expected third and following waves.

MARKET DRIVERS: 

The industry is growing due to an increase in health-conscious customers

The number of health-conscious customers has risen dramatically in recent years, as has the range of prebiotics and postbiotics-based products available internationally. They aid in the production of nutrients and increase their bioavailability; certain probiotics, in the form of intact cells or lysates, have been shown to have an antioxidant effect. Probiotics have also been shown to help with allergy symptoms, cancer, AIDS, lung infections, and urinary tract infections. There are a few publications on their anti-ageing, tiredness, autism, osteoporosis, obesity, and type 2 diabetes benefits. Synbiotics aid in the treatment of diarrhoea.WHO has done multiple research on probiotic microorganisms over the last decade, including in vitro studies, animal tests, and suitably well-designed clinical trials, which have proven the favourable benefits of probiotic intake in curingdiarrhoea of various forms.

The market is projected to grow as more people become aware of the high nutritional benefits of Synbiotics

Synbiotics are nutrient-dense meals that provide long-term digestive health benefits. Probiotic strains employed in synbiotic formulations include Lactobacilli, Bifidobacteria, S. boulardii, and Bifidobacterium coagulants, while oligosaccharides like fructooligosaccharide and xyloseoligosaccharide, as well as inulin, are sourced from natural sources such chicory and yacon roots. According to the National Center for Biotechnology Information, 62 million Americans suffer from digestive problems. As people become older, most digestive disorders become more frequent. Increased lactobacilli and bifidobacteria levels, as well as balanced gut microbiota, improved liver function in cirrhotic patients, improved immunomodulating ability, bacterial translocation prevention, and reduce nosocomial infections, especially among surgical patients, are all health benefits of synbiotics consumption.

MARKET RESTRAINTS:

Synbiotics' high price range is anticipated to stifle market expansion

Synbiotic production costs are a key stumbling block to the market's expansion. As the effects of COVID-19 spread over the world, retail items for food and beverage companies are seeing substantially reduced use and supply chain volatility. Due to a scarcity of raw materials and a manpower deficit, synbiotics companies have reduced their output. Due to disruptions in the production and supply chain of food, beverage, and pharmaceutical items, the global market for synbiotics has shrunk.

The lack of knowledge about synbiotics is hampering the market growth

One of the prime reasonswhich arenegativelyimpacting the growth is the lack of knowledge among the general population about the nutritional advantages that synbiotic products preside, especially in the developingregions like Africa and the Middle east

SYNBIOTIC MARKET REPORT COVERAGE:

This research report on the Synbiotic Market has been segmented and sub-segmented based on Product Outlook, ByForm, By Distribution Channel and By Region.

SYNBIOTIC MARKET– BY PRODUCT OUTLOOK

• Functional Food & Beverages
• Dietary Supplements
• Animal Feeds
• Other

Based on product outlook, the synbiotic market is segmented into Functional Food & Beverages, Dietary Supplements and Animal Feeds among others.In 2020, functional foods and beverages led the synbiotic product market, accounting for 84.1 per cent of the market, and is projected to expand at a CAGR of over 9% over the forecast period. In the future years, the increasing use of functional foods and drinks to improve immunity, cardiac health, and digestive health is likely to create new doors for synbiotic foods and beverages. Food companies like Nestle and Pfizer are collaborating with universities to learn more about how the microbiome influences human health.For example, in November 2019, Nestlé announced a collaboration with the University of California San Diego's Center for Microbiome Innovation (CMI) to improve its knowledge of how the microbiome affects human health and encourage the growth of nutritious solutions that promote health and well-being.

From 2023 - 2030, the dietary supplements category is predicted to grow at the quickest rate, with a CAGR of 9.6%. The demand for synbiotic-based dietary supplements is being driven by a combination of high consumer awareness and widespread marketing. Furthermore, nutritional supplements have fewer calories than dairy products, have a longer shelf life, and do not require refrigeration. They also serve as a great option for people who have lactose intolerance, which will drive increasing demand for synbiotic-based dietary supplements in the future years.

SYNBIOTIC MARKET– BY FORM

• Capsules
• Powder
• Liquid

Based on form, the synbiotic market is segmented into Capsules, Powder and Liquid. The capsule segment is the most popular in the market since they are readily available and easy to transport.

SYNBIOTIC MARKET- BY DISTRIBUTION CHANNEL

• Offline Stores
• Online Stores
• Others

Based on the distribution channel, the synbiotic market is segmented into Offline and Online Stores. In 2020, the offline distribution channel led the market for synbiotic products with a 93.3 per cent share. The high exposure of synbiotic items in retail and pharmacy stores is a primary factor favouring offline synbiotic product sales. In the future years, a rising number of shops in countries such as India, China, and Brazil will have a beneficial impact on the segment's growth. Walmart, for example, operated 21 shops in India as of May 2018, with plans to add roughly 50 more by the end of 2023.

From 2020 to 2030, the fastest-growing distribution channel will be online, with a CAGR of 10.6%. Growing familiarity with and reliance on the internet and e-commerce among generation X, millennials, and generation Z parents are predicted to increase synbiotic product sales through the online channel in the future years.In the approaching years, certain value-added services given by e-retailers, such as discounted pricing, cash-on-delivery, and paybacks, are predicted to boost the expansion of online channels. Aggregators and manufacturer-hosted e-commerce sites are both included in this channel. Manufacturers have recognised the channel's potential, and as a result, they are hosting their e-commerce websites to better serve customer requirements and increase profit margins.

SYNBIOTIC MARKET- BY REGION

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

By region, the Synbiotic Marketis grouped into North America, Europe, Asia Pacific, Latin America, The Middle East and Africa.In 2021, Europe emerged as the largest regional market, with a 40per cent share. Europe had the largest proportion, followed by North America and the Asia-Pacific region. The market's growth has been aided by greater awareness of synbiotic products as a consequence of rising demand for functional foods, as well as the product's high visibility. The ongoing need for prebiotics and probiotics in food, together with the robust manufacturing base for food and beverage producers, presents significant prospects for manufacturers to include synbiotics in various foods and beverages. In addition, the European Union places a premium on clear labelling for foods that make nutritional or health claims. As a result, synbiotic properties are now being used in the formulation of various goods around the region.

Over the projection period, Asia Pacific is predicted to grow at a CAGR of 9.5%. Intestinal health might be harmed as a result of a growing practice of eating away from home. Over the forecast period, the growing usage of probiotics and prebiotics in the treatment of digestive disorders and ulcerative colitis is likely to propel the regional synbiotic market.

SYNBIOTIC MARKET- BY COMPANIES

Due to the existence of big regional and local competitors in several countries, the worldwide synbiotic products market is fragmented and competitive. Mergers, expansions, acquisitions, and partnerships, as well as new product development, are highlighted as strategic techniques used by prominent corporations to increase their brand exposure among customers.Some of the major players operating in the Synbiotic marketinclude:

1. Daflorn Ltd.
2. Hansen A/S
3. SKYSTONE FEED CO.
4. LTD, BEHN MEYER
5. Yakult Pharmaceutical Industry Co., Ltd.
6. Pfizer Inc.
7. Ajinomoto Co., Inc.
8. Calpis Co., Ltd.
9. Danone
10. Morinaga & Company Ltd

NOTABLE HAPPENING IN THE SYNBIOTIC MARKET

• PRODUCT LAUNCH- Ahava skincare developed a new synbiotic product line in 2021 to enhance the skin's barrier, resulting in a healthy, moisturised skin. This product range, which contains hand cream, body lotion, and foot cream with both prebiotic and probiotic characteristics, includes dead sea minerals to address an imbalanced skin flora.
• COLLABORATION- Clasado Biosciences and Herbalife Nutrition partnered to produce a novel synbiotic product in 2021. Bimuno, a prebiotic ingredient manufactured by Clasado, was the main component in Macrobiotic Max, a new supplement from Herbalife Nutrition.
• PRODUCT LAUNCH- Taiyo, a Japanese ingredient provider, added Sunfiber, a prebiotic ingredient, to their product offering in 2020, coupling it with probiotics. In addition, the business unveiled a new women's health product that offers dual advantages.
• PRODUCT LAUNCH-Sabinsa Corporation developed LactoSporin®, a unique probiotic derivative for skin and hair, as a synbiotic product in January 2019.