Synbiotic Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025

Report Code: FBR 87314 Report Format: PDF + Excel (Delivery in 48 Hrs)

Synbiotic Market Overview 

Synbiotic Market size was valued at $ 725.58M by 2019, and is anticipated to grow at a CAGR of 8.45% during the forecast period 2020-2025. The Synbiotic Market growth rate is attributed to growing understanding of health amongst urban consumers that has led to a rise in the consumption of functional foods and beverages, thereby boosting the synbiotic products and the market as a whole. Synbiotics in the form of synergism are the combinations of prebiotics and probiotics that promote the survival and growth of the bacteria in the gut. These bacteria are predominantly found in the intestine of the human body and in the colon of the gastrointestinal tract. Synbiotics help improve the proper functioning of the stomach, which could not be done by daily diet in an adequate quantity. They play a significant role in osteoporosis prevention, lactose intolerance alleviation and other common conditions. Synbiotics foster a healthy heart and reduce inflammation while reducing the risk of cardiovascular or carcinogenic conditions. These are used for food fortification and can also be found in the form of supplements that often combine prebiotics based on plants with probiotic strains that promote health. Synbiotics, among others, are available in fruit, feed, and pharmaceutical grades. 
In addition, they are also used to enhance the absorption of nutrients such as calcium, magnesium, and phosphorus; and to treat hepatic disorders. Furthermore, in aquaculture, they are also used to stimulate the immune system to improve the growth of fish. Synbiotics are also used for medicinal purposes in the pharmaceutical and pet food sectors. Synbiotic products also make it easier for the intestinal environment to operate smoothly. Strains of probiotics, including Bifidobacterium, Lactobacilli, S. from boulardii, B. The most widely used fibers are coagulants and prebiotics, including inulin, FOS, GOS, XOS, and fructans, which are referred to as synbiotics when used along with probiotics and are capable of enhancing the viability of probiotics. Hence, In order to boost nutritional value and provide related health benefits, companies engaged in nutritional supplements and food and beverage processing have increased the fortification of their products with probiotics, prebiotics and synbiotics. However, the high price of synbiotic products can restrict the sales of such products, which, in turn, can hamper the growth of the global synbiotic market in the forecast period 2020-2025.

Report Coverage

The report: “Synbiotic Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Synbiotic Market:
By Product Types: Food Grade, Feed Grade, Pharma Grade and Others.
By Product Form: Capsules, Powder and Liquid
By Product Packaging Material: Paper, Metals, Glass, Plastics, Paperboard and Others.
By Application: Food & Beverages, Pharmaceutical, Dairy Industry, Animal Feed, Aquaculture Farming and Others.
By Distribution Channel: Store-based and Non-Store based.
By Geography: North America, Europe, Asia-Pacific and RoW.

Key Takeaways

  • Europe dominated the Synbiotic Market with a share of 35% in the year 2019.        
  • The factors such as growing awareness among consumers towards health and nutritional supplementation and growing demands from the pet food and pharmaceutical industries on account of nutritional benefits are amongst the major factor projected to impel growth of Synbiotic Market.
  • Technological advancements for the deployment of product in aquaculture, continuous R&D in this industry and strategic initiatives undertaken by major players are the key factors owing to the growth in the segment during forecast period 2020-2025.

By Product Type - Segment Analysis

On the basis of product type, food grade segment held the major share of the market in terms of revenue and is poised to grow with a CAGR of 8.2%. The reason is being attributed to Increasing application of functional food and beverages to enhance immunity, cardio health, and digestive health is expected to open new avenues for synbiotic food and beverages in the coming years. Food manufacturers such as Nestle and Pfizer are partnering with Universities to enhance understanding about how the micro biome affects human health. For instance, in November 2019, Nestlé entered into a partnership with the Center for Micro biome Innovation (CMI) at the University of California San Diego to enhance its understanding of how the micro biome affects human health as well as increase the development of nutritional solutions that promote health and well-being. Apart from this, high consumer awareness, coupled with prevalent marketing, is the major factor driving the demand for synbiotic-based dietary supplements. Moreover, dietary supplements are low in calories, have a longer shelf life as compared to dairy products, and do not require refrigeration. Furthermore, they serve as an excellent alternative for those with lactose intolerance, thereby boosting the demand for synbiotic-based dietary supplements in the coming years.

By Geography - Segment Analysis

Europe dominated the Synbiotic Market with a share of 35% in 2019. The application of Synbiotic has grown rapidly over the last few years owing to increased awareness of synbiotic products, combined with high product exposure, is the key factor that has favored recent demand for synbiotic products and is anticipated to continue over the forecast period 2020-2025. In 2020, the European synbiotic products market gained the largest market share owing to an increased consumption of functional foods containing fortified nutrients. It is also foreseen to be the fastest growing regional market in this business in future owing to growing intestinal problems among consumers are influencing the demand for synbiotic products in the European nations.
At a CAGR of 9.2% over the forecast period 2020-2025, Asia Pacific is projected to grow. Growing eating habits away from home may have an effect on intestinal health, resulting in compromised health. Increased use of probiotics and prebiotics for the treatment of irritable bowel syndrome and ulcerative colitis is poised to drive the regional demand for synbiotic products over the forecast period 2020-2025. Furthermore, increasing consumer awareness of nutritional supplementation is anticipated to play a significant role in driving market in the near future. Rising demand for dietary supplements in China and India is to have a strong effect on the synbiotics market over the coming years owing to increased awareness of the nutritional benefits of functional foods. As diet foods, the use of functional food products is increasing which appear to achieve customer satisfaction when it comes to energy and dietary requirements.

Drivers – Synbiotic Market

  • Growing demand for probiotics and prebiotics in functional food

With demand for probiotics and prebiotics in functional food and beverage is continuing to increase. Speeding healthy lifestyles among consumers towards nutritional supplements is expected to play a significant role in driving market growth for synbiotics over the coming years. Manufacturers in the nutraceutical and food & beverage industries have enhanced the strengthening of natural ingredients such as probiotics, prebiotics and synbiotics in their product selection to provide nutritional enrichment and related health benefits. For instance, The European Commission lifted quotas for manufacturing dairy products in the region in March 2015. As a result, key players in the dairy industry in Europe are expected to expand their manufacturing capacity and thus are likely to influence market growth in synbiotics over the projected timeframe. In the coming years, technological innovation regarding the application of synbiotics in aquaculture is anticipated to accelerate market penetration.

Challenges – Synbiotic Market

  • High price of synbiotic food

High manufacturing costs of synbiotics is a major restraint for the growth of the symbiotic market. As the consequences of COVID-19 are felt across the globe, retail products for food & beverage firms face drastically reduced use and supply chain volatility issues. The producers of synbiotics have limited production owing to the shortage of raw materials and lack of labor force. As of now, the market for synbiotic has decreased worldwide owing to disrupted production and supply chain of food and beverage and pharmaceutical products. Owing to COVID-19, detergent and textile markets are fully closed; in addition to the manufacture of pharmaceuticals and the animal feed industries also produce small and important markets that restrict the growth of the global papain market.

Synbiotic Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Synbiotic Market. In 2019, Synbiotic Market share is fragmented by the top ten players present in the market. Synbiotic Market top 10 companies are Sabinsa Coorporation, Groupe Danone, USA Laboratories Inc, Biomin Incorporated, Daflorn MLM5 Limited, Skystone Feed Coperative Limited, Yakult Pharmaceuticals, Chr. Hansen, Behn Mayer & Company Private Limited, Pfizer Pharmaceuticals and others.

Acquisitions/Product Launches

  • In 2019, Pfizer Inc. and Array BioPharma Inc. have entered into a definitive merger agreement has been signed pursuant to which Pfizer acquires Array, a global biopharmaceutical company focusing on the discovery, production and distribution of targeted small molecular medicines for the treatment of cancer and other highly unmet diseases.
  • In March 2019, Yakult Korea entered into collaboration with a Dutch life science company, BioActor to develop a dual-purpose functional drink called MPRO3, a synbiotic product that contains probiotics, prebiotics, and flavobiotics, in the Korean Market.
1. Synbiotic Market Overview
    1.1 Definitions and Scope
2. Synbiotic Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Synbiotic Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Patent Analysis – Key Companies
    3.4 Pricing Analysis
4. Synbiotic Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Synbiotic Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Synbiotic Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Synbiotic Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Synbiotic Market – By Product Types (Market Size –$Million/$Billion)
    8.1 Food Grade 
    8.2 Feed Grade
    8.3 Pharma Grade
    8.4 Others 
9. Synbiotic Market - By Product Form (Market Size –$Million/$Billion)
    9.1 Capsules
    9.2 Powder
    9.3 Liquid 
10. Synbiotic Market - By Product Packaging Material (Market Size –$Million/$Billion)
    10.1 Paper
    10.2 Metals
    10.3 Glass
    10.4 Plastics
    10.5 Paperboard
    10.6 Others
11. Synbiotic Market - By Application(Market Size –$Million/$Billion)
    11.1 Food & Beverages
    11.2 Pharmaceutical
    11.3 Dairy Industry
    11.4 Animal Feed
    11.5 Aquaculture Farming
    11.6 Others
12. Synbiotic Market - By Distribution Channel (Market Size –$Million/$Billion)
    12.1 Store-based
        12.1.1 Supermarkets & Hypermarkets
        12.1.2 Convenience Stores
        12.1.3 Others
    12.2 Non-Store based 
13. Synbiotic Market - By Geography (Market Size –$Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 U.K.
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 India
        13.3.3 Japan
        13.3.4 South Korea
        13.3.5 Australia & New Zealand
        13.3.6 Rest of Asia-Pacific
    13.4 Rest of the World
        13.4.1 Middle East
        13.4.2 Africa
        13.4.3 South America
14. Synbiotic Market - Entropy
15. Synbiotic Market – Industry/Segment Competition Landscape   Premium 
    15.1 Market Share Analysis
        15.1.1 Global Market Share – Key Companies
        15.1.2 Market Share by Region – Key companies
        15.1.3 Market Share by Countries – Key Companies
        15.1.4 Best Practices for Companies
16. Synbiotic Market – Key Company List by Country Premium Premium
17. Synbiotic Market Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global SYBIOTIC MARKET BY PRODUCT FORM Market 2019-2024 ($M)
1.1 POWDERED Market 2019-2024 ($M) - Global Industry Research
1.2 LIQUID Market 2019-2024 ($M) - Global Industry Research
2.Global SYBIOTIC MARKET BY PRODUCT APPLICATION Market 2019-2024 ($M)
2.1 FOOD BEVERAGES Market 2019-2024 ($M) - Global Industry Research
2.2 PHARMACEUTICAL Market 2019-2024 ($M) - Global Industry Research
2.3 DAIRY INDUSTRY Market 2019-2024 ($M) - Global Industry Research
2.4 AQUACULTURE FARMING Market 2019-2024 ($M) - Global Industry Research
3.Global SYBIOTIC MARKET BY END USER Market 2019-2024 ($M)
3.1 COMMERCIAL USE Market 2019-2024 ($M) - Global Industry Research
3.2 PERSONAL USE Market 2019-2024 ($M) - Global Industry Research
4.Global SYBIOTIC MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
4.1 DIRECT /B2 B Market 2019-2024 ($M) - Global Industry Research
4.2 INDIRECT/B2 C Market 2019-2024 ($M) - Global Industry Research
5.Global SYBIOTIC MARKET BY PRODUCT FORM Market 2019-2024 (Volume/Units)
5.1 POWDERED Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 LIQUID Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global SYBIOTIC MARKET BY PRODUCT APPLICATION Market 2019-2024 (Volume/Units)
6.1 FOOD BEVERAGES Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 PHARMACEUTICAL Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 DAIRY INDUSTRY Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 AQUACULTURE FARMING Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global SYBIOTIC MARKET BY END USER Market 2019-2024 (Volume/Units)
7.1 COMMERCIAL USE Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 PERSONAL USE Market 2019-2024 (Volume/Units) - Global Industry Research
8.Global SYBIOTIC MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 (Volume/Units)
8.1 DIRECT /B2 B Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 INDIRECT/B2 C Market 2019-2024 (Volume/Units) - Global Industry Research
9.North America SYBIOTIC MARKET BY PRODUCT FORM Market 2019-2024 ($M)
9.1 POWDERED Market 2019-2024 ($M) - Regional Industry Research
9.2 LIQUID Market 2019-2024 ($M) - Regional Industry Research
10.North America SYBIOTIC MARKET BY PRODUCT APPLICATION Market 2019-2024 ($M)
10.1 FOOD BEVERAGES Market 2019-2024 ($M) - Regional Industry Research
10.2 PHARMACEUTICAL Market 2019-2024 ($M) - Regional Industry Research
10.3 DAIRY INDUSTRY Market 2019-2024 ($M) - Regional Industry Research
10.4 AQUACULTURE FARMING Market 2019-2024 ($M) - Regional Industry Research
11.North America SYBIOTIC MARKET BY END USER Market 2019-2024 ($M)
11.1 COMMERCIAL USE Market 2019-2024 ($M) - Regional Industry Research
11.2 PERSONAL USE Market 2019-2024 ($M) - Regional Industry Research
12.North America SYBIOTIC MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
12.1 DIRECT /B2 B Market 2019-2024 ($M) - Regional Industry Research
12.2 INDIRECT/B2 C Market 2019-2024 ($M) - Regional Industry Research
13.South America SYBIOTIC MARKET BY PRODUCT FORM Market 2019-2024 ($M)
13.1 POWDERED Market 2019-2024 ($M) - Regional Industry Research
13.2 LIQUID Market 2019-2024 ($M) - Regional Industry Research
14.South America SYBIOTIC MARKET BY PRODUCT APPLICATION Market 2019-2024 ($M)
14.1 FOOD BEVERAGES Market 2019-2024 ($M) - Regional Industry Research
14.2 PHARMACEUTICAL Market 2019-2024 ($M) - Regional Industry Research
14.3 DAIRY INDUSTRY Market 2019-2024 ($M) - Regional Industry Research
14.4 AQUACULTURE FARMING Market 2019-2024 ($M) - Regional Industry Research
15.South America SYBIOTIC MARKET BY END USER Market 2019-2024 ($M)
15.1 COMMERCIAL USE Market 2019-2024 ($M) - Regional Industry Research
15.2 PERSONAL USE Market 2019-2024 ($M) - Regional Industry Research
16.South America SYBIOTIC MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
16.1 DIRECT /B2 B Market 2019-2024 ($M) - Regional Industry Research
16.2 INDIRECT/B2 C Market 2019-2024 ($M) - Regional Industry Research
17.Europe SYBIOTIC MARKET BY PRODUCT FORM Market 2019-2024 ($M)
17.1 POWDERED Market 2019-2024 ($M) - Regional Industry Research
17.2 LIQUID Market 2019-2024 ($M) - Regional Industry Research
18.Europe SYBIOTIC MARKET BY PRODUCT APPLICATION Market 2019-2024 ($M)
18.1 FOOD BEVERAGES Market 2019-2024 ($M) - Regional Industry Research
18.2 PHARMACEUTICAL Market 2019-2024 ($M) - Regional Industry Research
18.3 DAIRY INDUSTRY Market 2019-2024 ($M) - Regional Industry Research
18.4 AQUACULTURE FARMING Market 2019-2024 ($M) - Regional Industry Research
19.Europe SYBIOTIC MARKET BY END USER Market 2019-2024 ($M)
19.1 COMMERCIAL USE Market 2019-2024 ($M) - Regional Industry Research
19.2 PERSONAL USE Market 2019-2024 ($M) - Regional Industry Research
20.Europe SYBIOTIC MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
20.1 DIRECT /B2 B Market 2019-2024 ($M) - Regional Industry Research
20.2 INDIRECT/B2 C Market 2019-2024 ($M) - Regional Industry Research
21.APAC SYBIOTIC MARKET BY PRODUCT FORM Market 2019-2024 ($M)
21.1 POWDERED Market 2019-2024 ($M) - Regional Industry Research
21.2 LIQUID Market 2019-2024 ($M) - Regional Industry Research
22.APAC SYBIOTIC MARKET BY PRODUCT APPLICATION Market 2019-2024 ($M)
22.1 FOOD BEVERAGES Market 2019-2024 ($M) - Regional Industry Research
22.2 PHARMACEUTICAL Market 2019-2024 ($M) - Regional Industry Research
22.3 DAIRY INDUSTRY Market 2019-2024 ($M) - Regional Industry Research
22.4 AQUACULTURE FARMING Market 2019-2024 ($M) - Regional Industry Research
23.APAC SYBIOTIC MARKET BY END USER Market 2019-2024 ($M)
23.1 COMMERCIAL USE Market 2019-2024 ($M) - Regional Industry Research
23.2 PERSONAL USE Market 2019-2024 ($M) - Regional Industry Research
24.APAC SYBIOTIC MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
24.1 DIRECT /B2 B Market 2019-2024 ($M) - Regional Industry Research
24.2 INDIRECT/B2 C Market 2019-2024 ($M) - Regional Industry Research
25.MENA SYBIOTIC MARKET BY PRODUCT FORM Market 2019-2024 ($M)
25.1 POWDERED Market 2019-2024 ($M) - Regional Industry Research
25.2 LIQUID Market 2019-2024 ($M) - Regional Industry Research
26.MENA SYBIOTIC MARKET BY PRODUCT APPLICATION Market 2019-2024 ($M)
26.1 FOOD BEVERAGES Market 2019-2024 ($M) - Regional Industry Research
26.2 PHARMACEUTICAL Market 2019-2024 ($M) - Regional Industry Research
26.3 DAIRY INDUSTRY Market 2019-2024 ($M) - Regional Industry Research
26.4 AQUACULTURE FARMING Market 2019-2024 ($M) - Regional Industry Research
27.MENA SYBIOTIC MARKET BY END USER Market 2019-2024 ($M)
27.1 COMMERCIAL USE Market 2019-2024 ($M) - Regional Industry Research
27.2 PERSONAL USE Market 2019-2024 ($M) - Regional Industry Research
28.MENA SYBIOTIC MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
28.1 DIRECT /B2 B Market 2019-2024 ($M) - Regional Industry Research
28.2 INDIRECT/B2 C Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Synbiotic Market Revenue, 2019-2024 ($M)
2.Canada Synbiotic Market Revenue, 2019-2024 ($M)
3.Mexico Synbiotic Market Revenue, 2019-2024 ($M)
4.Brazil Synbiotic Market Revenue, 2019-2024 ($M)
5.Argentina Synbiotic Market Revenue, 2019-2024 ($M)
6.Peru Synbiotic Market Revenue, 2019-2024 ($M)
7.Colombia Synbiotic Market Revenue, 2019-2024 ($M)
8.Chile Synbiotic Market Revenue, 2019-2024 ($M)
9.Rest of South America Synbiotic Market Revenue, 2019-2024 ($M)
10.UK Synbiotic Market Revenue, 2019-2024 ($M)
11.Germany Synbiotic Market Revenue, 2019-2024 ($M)
12.France Synbiotic Market Revenue, 2019-2024 ($M)
13.Italy Synbiotic Market Revenue, 2019-2024 ($M)
14.Spain Synbiotic Market Revenue, 2019-2024 ($M)
15.Rest of Europe Synbiotic Market Revenue, 2019-2024 ($M)
16.China Synbiotic Market Revenue, 2019-2024 ($M)
17.India Synbiotic Market Revenue, 2019-2024 ($M)
18.Japan Synbiotic Market Revenue, 2019-2024 ($M)
19.South Korea Synbiotic Market Revenue, 2019-2024 ($M)
20.South Africa Synbiotic Market Revenue, 2019-2024 ($M)
21.North America Synbiotic By Application
22.South America Synbiotic By Application
23.Europe Synbiotic By Application
24.APAC Synbiotic By Application
25.MENA Synbiotic By Application
26.DAFLORN LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.HANSEN A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.SKYSTONE FEED CO., LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.BEHN MEYER, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.YAKULT PHARMACEUTICAL INDUSTRY CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.PFIZER INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.AJINOMOTO CO., INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.CALPIS CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.DANONE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.MORINAGA COMPANY LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)