Synbiotic Market

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Companies
Industry Size (2022)
US$ 1.86 Bn
Forecast (2032)
CAGR
7% - 9%(2022 to 2032)

Synbiotic Market Overview (2022-2032)

[250 Pages Report] The global synbiotic demand is forecast to increase at a healthy CAGR of around 7% to 9% between 2022 and 2032, totaling over US$ 1.86 Billion by 2032. Growth in the market is driven by the rising application of synbiotics across various industries such as food & beverages, pharmaceuticals, and animal feed, owing to their various nutritional and health benefits.

Report Attribute

Details

Synbiotic Market Anticipated Forecast Value (2032)

US$ 1.86 Billion

Synbiotic Market Projected Growth Rate (2022-2032)

7% - 9% CAGR

Synbiotics are food ingredients or dietary supplements containing probiotic and prebiotics in the form of synergism. They are believed to inhibit the growth of pathogenic bacteria in the gut while at the same time enhancing the growth of beneficial organisms.

Probiotics are beneficial bacteria that enhance gut health while prebiotics are indigestible substrates that aid and promote the growth of friendly bacteria.

Over the last few years synbiotics and other functional foods have become essential tools for enhancing human and animal health as well as for preventing diseases. Various studies have indicated that the combination of prebiotics and probiotics may reduce the risk associated with intestinal diseases and eliminate specific microbial disorders.

Synbiotics help to boost the proper functioning of digestive system and thus improve the overall human and animal health. They are also used to improve absorption of nutrients such as calcium, phosphorus, and magnesium, and to treat hepatic and cardiovascular conditions.

Rising adoption of synbiotics across pharmaceutical, aquaculture and pet food industries is generating lucrative growth prospects within the global synbiotic market and the trend is likely to continue in the future. They are often used in aquaculture to facilitate the fish development and enhance their immune system. Similarly, they find application in pharmaceuticals and pet foods due to their various nutritional and health benefits.

Growing consumer inclination towards nutritional supplements and functional foods for improving health will continue to boost the sales of synbiotics during the forecast period. People across countries like the United States, United Kingdom, China, and Germany consume large amounts of functional foods and beverages to improve their gut health and minimize the threat of infections.

Which Factors Determine the Growth of Synbiotic Market?

Rising consumer awareness about the nutritional and health benefits of synbiotics, bourgeoning demand for functional and convenience food products, and increasing prevalence of digestive and cardiovascular disorders are some of the major factors driving the global synbiotic market.

Synbiotics have become the safest and most effective solutions for combating specific bacterial pathogens and enhancing the gut health. With rising awareness about the benefits of functional ingredients like synbiotics, people are increasingly consuming large amounts of functional foods and supplements.

Synbiotic is used as a functional ingredient in food products, which has a digestion-resistant quality. In fact, most of the functional foods and beverages used today are being fortified with synbiotics (prebiotics and probiotics). Rising consumption of these functional foods and beverages will therefore continue to push the sales of synbiotics during the forecast period.

Moreover, growing demand for dietary supplements, animal feeds, and dairy products in countries like China and India is expected to have a strong effect on the synbiotics market during the forecast period.

Synbiotics are being increasingly used in the food industry for manufacturing food products such as nutrient supplements, candies, chocolates, and several other functional foods. Increasing use of synbiotics in food processing industry will continue to provide a major impetus to market growth in the future.

Similarly, the pharmaceutical industry is expected to accrue significant benefits to the global synbiotic market. Synbiotics have become an integral part of various medicines used to treat digestive and cardiovascular conditions.

What are the Challenges Faced by the Synbiotic Industry?

Although synbiotics have multiple benefits, there are numerous obstacles that are likely to pose a challenge to market growth. Some of these factors are the high manufacturing costs of synbiotics, shortage of raw materials and lack of awareness among some regions of developing and underdeveloped regions.

Why is Europe Considered as a Prominent Market for Synbiotics?

Currently, Europe remains the most dominant market for synbiotics and the trend is likely to continue during the forecast period, owing to high awareness levels of consumers about benefits of synbiotics, presence of leading market players, and growing popularity of functional foods and supplements across countries like the U.K. and Germany.

Similarly, increasing prevalence of digestive and cardiovascular disorders is playing a crucial role in expanding the size of synbiotics market across Europe. People are consuming large amounts of synbiotic based functional foods, medicines and beverages to improve their health and tackle various disorders.

How Will Growth Unfold Across Asia Pacific?

According to Future Market Insights, Asia Pacific market is poised to grow at a relatively faster CAGR over the forecast period, owing to the growing consumer awareness regarding the benefits of synbiotics, rapid expansion of functional food market, and presence of both regional and international market players.

Rising health issues across nations like China and India has prompted manufacturer of foods & beverages, animal feeds and dairy products to add synbiotics to their products. This will continue to act as a catalyst for the growth of synbiotic market in the future.

Market Competition

Some of the key participants present in the global synbiotic market include Pfizer Pharmaceuticals, Groupe Danone, Sabinsa Corporation, Yakult Pharmaceuticals, Behn Mayer & Company Private Limited, Skystone Feed Corporation Limited, Chr. Hansen, and Daflorn MLMS Limited.

Attributed to the presence of a large number of regional and domestic participants, the market is highly competitive in nature. Leading players are continually adopting various growth strategies such as new product development, mergers, expansions and partnerships to gain a competitive edge in the market.

Scope of Report 

Report Attribute

Details

Growth Rate

CAGR of 7% - 9% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Form
  • Application
  • Distribution Channel
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

Customization

Available Upon Request

Key Segments Profiled in the Synbiotic Industry Survey

By Form:

  • Powder
  • Liquid

By Application:

  • Food & Beverages
  • Pharmaceutical
  • Dairy Industry
  • Animal Feed
  • Aquaculture Farming

By Distribution Channel:

  • Direct/B2B
  • Indirect/B2C
  • Online Retail
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Retail Stores
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

At what rate will the synbiotic market grow until 2032?

FMI projects the global synbiotic market to expand at a CAGR of around 7% to 9% by 2032

Which regions is expected to offer maximum growth opportunities for market players?

As per FMI, Asia Pacific is anticipated to emerge as the most opportunistic market for synbiotics during the forecast period.

Which are some prominent synbiotic manufacturers?

Pfizer Pharmaceuticals, Groupe Danone, Sabinsa Corporation, Yakult Pharmaceuticals, and Behn Mayer & Company Private Limited are some prominent synbiotic manufacturers

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Future Market Insights

Synbiotic Market