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. Growing health awareness among consumers towards nutritional supplements and provision of various health benefits of synbiotics is a key factor driving market revenue growth.
Rapid urbanization and time-constraint lifestyle are leading consumers to favor quick and fast food choices instead of home-cooked balanced meals, thereby decreasing quality of food intake. In addition, growing intake of unhealthy food owing to increase in fast food franchises and convenience stores is another major factor increasing demand for synbiotic products. Consumption of synbiotics provides various nutritional and health benefits such as weight loss, stronger immune system, improved heart and digestive health, diarrhea control, pro-carcinogen neutralization, effective against constipation, decreased stress tolerance, and decreased inflammation, which is causing a surge in demand from pharmaceutical, nutraceutical, and food manufacturers. According to National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) 16 out of 100 adult individuals and about 33 out of 100 adult individuals of 60 and above years old have symptoms of constipation.
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One of the primary factors driving growth of market is increased demand for functional foods from health-conscious customers. Consumption of synbiotics offer various health benefits such as increased levels of lactobacilli and bifidobacteria, balanced gut microbiota, improved liver function in cirrhotic patients, improved immunomodulating ability, and prevention of bacterial translocation. Furthermore, inclusion of functional ingredients, microbial strains, and antioxidants to improve quality and shelf-life of probiotic products is increasing commercialization of synbiotics.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Synbiotics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key participants 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
Global Synbiotics Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Synbiotics market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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Key reasons to buy the Global Synbiotics Market report:
The latest report comprehensively studies the global Synbiotics market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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