Global Synbiotic Product Market Size study & Forecast, by Product (Functional Food & Beverages, Dietary Supplements, Others), by Distribution Channel (Offline, Online) and Regional Analysis, 2023-2030
Global Synbiotic Product Market is valued at approximately USD 0.87 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.3% over the forecast period 2023-2030. A synbiotic product refers to a combination of both probiotics and prebiotics in a single formulation Synbiotics are designed to enhance the effectiveness of probiotics by providing the necessary nutrients for their growth and activity. These products aim to support and maintain a healthy gut microbiome, which is linked to various aspects of overall health, including digestion, immune function, and even mental well-being. The Synbiotic Product market is expanding because of factors such as increasing the demand for functional foods and rising inclination towards nutritional supplements. As a result, the demand for Synbiotic products have progressively increased in the international market during the forecast period 2023-2030.
Functional food is designed to enhance overall well-being, prevent specific health issues, or address certain nutritional deficiencies. Synbiotic products fall within this category because they combine the benefits of both probiotics and prebiotics to promote a healthier gut and potentially provide a range of other health advantages. According to Statista, in 2019, the global functional food market was approximately USD 178 billion and anticipated to be worth roughly USD 268 billion by 2027. Furthermore, the functional food ingredients in the Asia Pacific are forecast to reach around USD 21.45 billion in 2023. Another important factor that drives the Synbiotic Product market is the rising inclination towards nutritional supplements. Many consumers are adopting a holistic approach to health, recognizing the role of balanced nutrition in overall well-being. Nutritional supplements, including synbiotic products, align with this mindset by offering targeted support for specific health aspects. In addition, as per Statista, the global dietary supplement market is expected to be worth USD 185.1 billion by 2025. Moreover, the increasing use of probiotics and prebiotics and rising awareness regarding healthy lifestyle is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost of Synbiotic Products is going to impede overall market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Synbiotic Product Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the increasing awareness regarding synbiotic products and the continuous demand for prebiotics and probiotics in the region. The region’s dominant performance is anticipated to propel the overall demand for Synbiotic Products. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as the rise in health issues of the growing population has increased the demand for functional foods in the region.
Major market player included in this report are:
Daflorn Ltd
Chr. Hansen A/S
Skystone Feed Co., Ltd
Sabinsa Corporation
Yakult Pharmaceutical Industry Co., Ltd
Pfizer Inc
Ajinomoto Co., Inc
Calpis Co., Ltd
Danone and Morinaga & Company Ltd
Probiotical S.p.A.
Recent Developments in the Market:
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Functional Food & Beverages
Dietary Supplements
Others
By Distribution Channel
Offline
Online
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Functional food is designed to enhance overall well-being, prevent specific health issues, or address certain nutritional deficiencies. Synbiotic products fall within this category because they combine the benefits of both probiotics and prebiotics to promote a healthier gut and potentially provide a range of other health advantages. According to Statista, in 2019, the global functional food market was approximately USD 178 billion and anticipated to be worth roughly USD 268 billion by 2027. Furthermore, the functional food ingredients in the Asia Pacific are forecast to reach around USD 21.45 billion in 2023. Another important factor that drives the Synbiotic Product market is the rising inclination towards nutritional supplements. Many consumers are adopting a holistic approach to health, recognizing the role of balanced nutrition in overall well-being. Nutritional supplements, including synbiotic products, align with this mindset by offering targeted support for specific health aspects. In addition, as per Statista, the global dietary supplement market is expected to be worth USD 185.1 billion by 2025. Moreover, the increasing use of probiotics and prebiotics and rising awareness regarding healthy lifestyle is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost of Synbiotic Products is going to impede overall market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Synbiotic Product Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the increasing awareness regarding synbiotic products and the continuous demand for prebiotics and probiotics in the region. The region’s dominant performance is anticipated to propel the overall demand for Synbiotic Products. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as the rise in health issues of the growing population has increased the demand for functional foods in the region.
Major market player included in this report are:
Daflorn Ltd
Chr. Hansen A/S
Skystone Feed Co., Ltd
Sabinsa Corporation
Yakult Pharmaceutical Industry Co., Ltd
Pfizer Inc
Ajinomoto Co., Inc
Calpis Co., Ltd
Danone and Morinaga & Company Ltd
Probiotical S.p.A.
Recent Developments in the Market:
- In April 2023, ADM collaborated with bioactives company Brightseed to develop evidence-based functional synbiotic products aimed at microbiome optimisation. ADM, which has made an undisclosed investment in the company, hopes to provide a variety of clinically verified functional ingredients for foods and beverages, nutritional supplements, and medical foods by 2025.
- Historical Data – 2020 - 2021
- Base Year for Estimation – 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Product, Distribution Channel, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Functional Food & Beverages
Dietary Supplements
Others
By Distribution Channel
Offline
Online
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Synbiotic Product Market, by Region, 2020-2030 (USD Billion)
1.2.2. Synbiotic Product Market, by Product, 2020-2030 (USD Billion)
1.2.3. Synbiotic Product Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL SYNBIOTIC PRODUCT MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL SYNBIOTIC PRODUCT MARKET DYNAMICS
3.1. Synbiotic Product Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increased the demand for functional foods
3.1.1.2. Rising inclination towards nutritional supplements
3.1.2. Market Challenges
3.1.2.1. Availability of counterfeit products
3.1.2.2. High cost associated to manufacturing of Synbiotic Products
3.1.3. Market Opportunities
3.1.3.1. Increasing use of probiotics and prebiotics
3.1.3.2. Rising awareness regarding healthy lifestyle
CHAPTER 4. GLOBAL SYNBIOTIC PRODUCT MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL SYNBIOTIC PRODUCT MARKET, BY PRODUCT
5.1. Market Snapshot
5.2. Global Synbiotic Product Market by Product, Performance - Potential Analysis
5.3. Global Synbiotic Product Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Synbiotic Product Market, Sub Segment Analysis
5.4.1. Functional Food & Beverages
5.4.2. Dietary Supplements
5.4.3. Others
CHAPTER 6. GLOBAL SYNBIOTIC PRODUCT MARKET, BY DISTRIBUTION CHANNEL
6.1. Market Snapshot
6.2. Global Synbiotic Product Market by Distribution Channel, Performance - Potential Analysis
6.3. Global Synbiotic Product Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Synbiotic Product Market, Sub Segment Analysis
6.4.1. Offline
6.4.2. Online
CHAPTER 7. GLOBAL SYNBIOTIC PRODUCT MARKET, REGIONAL ANALYSIS
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Synbiotic Product Market, Regional Market Snapshot
7.4. North America Synbiotic Product Market
7.4.1. U.S. Synbiotic Product Market
7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
7.4.1.2. Distribution Channel breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Synbiotic Product Market
7.5. Europe Synbiotic Product Market Snapshot
7.5.1. U.K. Synbiotic Product Market
7.5.2. Germany Synbiotic Product Market
7.5.3. France Synbiotic Product Market
7.5.4. Spain Synbiotic Product Market
7.5.5. Italy Synbiotic Product Market
7.5.6. Rest of Europe Synbiotic Product Market
7.6. Asia-Pacific Synbiotic Product Market Snapshot
7.6.1. China Synbiotic Product Market
7.6.2. India Synbiotic Product Market
7.6.3. Japan Synbiotic Product Market
7.6.4. Australia Synbiotic Product Market
7.6.5. South Korea Synbiotic Product Market
7.6.6. Rest of Asia Pacific Synbiotic Product Market
7.7. Latin America Synbiotic Product Market Snapshot
7.7.1. Brazil Synbiotic Product Market
7.7.2. Mexico Synbiotic Product Market
7.8. Middle East & Africa Synbiotic Product Market
7.8.1. Saudi Arabia Synbiotic Product Market
7.8.2. South Africa Synbiotic Product Market
7.8.3. Rest of Middle East & Africa Synbiotic Product Market
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Company
8.1.2. Company
8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Daflorn Ltd
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Chr. Hansen A/S
8.3.3. Skystone Feed Co., Ltd
8.3.4. Sabinsa Corporation
8.3.5. Yakult Pharmaceutical Industry Co., Ltd
8.3.6. Pfizer Inc
8.3.7. Ajinomoto Co., Inc
8.3.8. Calpis Co., Ltd
8.3.9. Danone and Morinaga & Company Ltd
8.3.10. Probiotical S.p.A.
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Synbiotic Product Market, by Region, 2020-2030 (USD Billion)
1.2.2. Synbiotic Product Market, by Product, 2020-2030 (USD Billion)
1.2.3. Synbiotic Product Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL SYNBIOTIC PRODUCT MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL SYNBIOTIC PRODUCT MARKET DYNAMICS
3.1. Synbiotic Product Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increased the demand for functional foods
3.1.1.2. Rising inclination towards nutritional supplements
3.1.2. Market Challenges
3.1.2.1. Availability of counterfeit products
3.1.2.2. High cost associated to manufacturing of Synbiotic Products
3.1.3. Market Opportunities
3.1.3.1. Increasing use of probiotics and prebiotics
3.1.3.2. Rising awareness regarding healthy lifestyle
CHAPTER 4. GLOBAL SYNBIOTIC PRODUCT MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL SYNBIOTIC PRODUCT MARKET, BY PRODUCT
5.1. Market Snapshot
5.2. Global Synbiotic Product Market by Product, Performance - Potential Analysis
5.3. Global Synbiotic Product Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Synbiotic Product Market, Sub Segment Analysis
5.4.1. Functional Food & Beverages
5.4.2. Dietary Supplements
5.4.3. Others
CHAPTER 6. GLOBAL SYNBIOTIC PRODUCT MARKET, BY DISTRIBUTION CHANNEL
6.1. Market Snapshot
6.2. Global Synbiotic Product Market by Distribution Channel, Performance - Potential Analysis
6.3. Global Synbiotic Product Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Synbiotic Product Market, Sub Segment Analysis
6.4.1. Offline
6.4.2. Online
CHAPTER 7. GLOBAL SYNBIOTIC PRODUCT MARKET, REGIONAL ANALYSIS
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Synbiotic Product Market, Regional Market Snapshot
7.4. North America Synbiotic Product Market
7.4.1. U.S. Synbiotic Product Market
7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
7.4.1.2. Distribution Channel breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Synbiotic Product Market
7.5. Europe Synbiotic Product Market Snapshot
7.5.1. U.K. Synbiotic Product Market
7.5.2. Germany Synbiotic Product Market
7.5.3. France Synbiotic Product Market
7.5.4. Spain Synbiotic Product Market
7.5.5. Italy Synbiotic Product Market
7.5.6. Rest of Europe Synbiotic Product Market
7.6. Asia-Pacific Synbiotic Product Market Snapshot
7.6.1. China Synbiotic Product Market
7.6.2. India Synbiotic Product Market
7.6.3. Japan Synbiotic Product Market
7.6.4. Australia Synbiotic Product Market
7.6.5. South Korea Synbiotic Product Market
7.6.6. Rest of Asia Pacific Synbiotic Product Market
7.7. Latin America Synbiotic Product Market Snapshot
7.7.1. Brazil Synbiotic Product Market
7.7.2. Mexico Synbiotic Product Market
7.8. Middle East & Africa Synbiotic Product Market
7.8.1. Saudi Arabia Synbiotic Product Market
7.8.2. South Africa Synbiotic Product Market
7.8.3. Rest of Middle East & Africa Synbiotic Product Market
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Company
8.1.2. Company
8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Daflorn Ltd
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Chr. Hansen A/S
8.3.3. Skystone Feed Co., Ltd
8.3.4. Sabinsa Corporation
8.3.5. Yakult Pharmaceutical Industry Co., Ltd
8.3.6. Pfizer Inc
8.3.7. Ajinomoto Co., Inc
8.3.8. Calpis Co., Ltd
8.3.9. Danone and Morinaga & Company Ltd
8.3.10. Probiotical S.p.A.
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
