Synbiotic Foods Market Industry Size, Share, Statistics, Trends, Strategy, Segmentation Analysis and Forecast to 2023.

Market Research Future Publish a New Market Research Report On - “Global Synbiotic Foods Market Size, Status, Analysis and Forecast to 2023”.

Synbiotic Foods Market Information: by Type (Dairy and Frozen Desserts, Bakery and Confectionary, Snacks, Beverages, Dietary Supplements others), Packaging Material (Glass, Plastics, Metals, Paper and Paperboard others), Distribution Channel (Store-Based and Non-Store Based) and Region Forecast till 2023

Market Synopsis of Synbiotic Foods Market:

Market Definition

Food ingredients and dietary supplements having a combination of both prebiotics and probiotics are termed as synbiotic foods. Synbiotic foods are used to improve gut health and gastro-intestinal function. Most familiar synbiotics used in food formulation include bifidobacteria bifidum, bifidobacteria longum, bifidobacteria infantis, lactobacillus acidophilus, lactobacillus bulgaricus, lactobacillus casei and others. Owing to high nutritional benefits, synbiotics have a potential application in food & beverages, pharmaceutical and nutraceuticals industries.

Market Scenario       

Synbiotic foods are gaining recognition among the consumers and manufacturers of food & beverage and nutraceuticals products due to the products high nutritional importance and related health benefits. Products fortified with synbiotics help in the prevention of osteoporosis and reduce the risk of cardiovascular diseases. Food fortified with synbiotics has been found to be very useful for people with glucose intolerance.

Increasing health issues in the rising population has increased the demand for functional food with enriched nutrient superiority and linked a health benefit which has uplifted the demand for synbiotic foods in the market. Furthermore, high demand for synbiotic food supplements in pet and animal feed products is adding up fuel to the growth of synbiotic foods market.

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  Key Findings

Synbiotics are widely used as fortifying agent in dairy and food industry
Consumption of synbiotic food is gaining attention, owing to gut health benefits
Segments

Synbiotic foods is segmented on the basis of type which includes, dairy and frozen desserts, bakery and confectionary, snacks, beverages, dietary supplements and others. In this segment, dairy and frozen desserts are dominating the market. Fortification of dairy and dairy products by synbiotics is relatively cheaper and resourceful. Furthermore, high consumption of dairy and frozen products is driving the growth in this segment. However, dietary supplements are experiencing a high demand from consumers and are expected to raise during the forecasted period.

On the basis of product packaging material, the synbiotic foods market is segmented in glass, plastics, metals, paper and paperboard and others. Among all, the packaging material, plastic material is dominating the market because of its toughness and ease in transportation. However, the demand for synbiotic foods packed in paper and paperboards is anticipated to experience a high demand due to its easy re-cycling and less chance of food migration.

On the basis of the distribution channel, the market is segmented into store-based and non-store based distribution channel. However, the store-based distribution channel is dominating the market based on one-stop shopping experience. 

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Regional Analysis

The global synbiotic foods market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe is dominating in the synbiotic foods market followed by Asia Pacific. Europe has the chief consumption of synbiotic food products, owing to health benefits related with the consumption of synbiotic food products. Furthermore, European government has uplifted the proportion for dairy products production, which will in turn uplift the use of synbiotics in dairy products and is anticipated to raise the synbiotic foods market. In Asia Pacific, China holds the highest market split of synbiotic foods market.

Moreover, rising product awareness and benefits associated with the consumption of functional foods in country like China and India, a strong growth is projected in the synbiotic foods market in Asia Pacific region. Also, high focus on R & D in synbiotic foods to improve the nutritive value in synbiotic foods products, which is probable to strengthen the market for synbiotic foods at the global level.   
    

Key Players

Some of the key players profiled in the global synbiotic foods market:  Daflorn Ltd. (Bulgaria), Chr. Hansen (Denmark), SKYSTONE FEED CO., LTD (China), Behn Meyer Holding AG (Germany), NewLeaf Symbiotics, Inc. (U.S.), Yakult Pharmaceutical Ind Co Ltd. (Japan), Pfizer Inc. (U.S.).

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