The global Synbiotic Market, with a size of USD 884.8 Million in 2022, is projected to reach USD 1,813 Million by 2032, demonstrating a robust annual revenue growth rate of 8.3% throughout the forecast period. This substantial growth is primarily attributed to the increasing demand for functional food and beverages, as well as the growing awareness of consumer health. Concerns related to gut health play a pivotal role in propelling the market's revenue.
Synbiotic products encompass a category of food ingredients and dietary supplements that combine probiotics and prebiotics. These products find applications in the treatment of various medical fields, including gynecology, urology, anti-aging, gastroenterology, immunology, cardiology, skincare, dietetics, and oral care, addressing a wide array of diseases and disorders.
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Competitive Landscape:
- Danone S.A.
- Nestlé S.A.
- Yakult Honsha Co., Ltd.
- Dupont De Nemours, Inc.
- Kerry Group
- Hansen Holding A/S
- Bio-K Plus International Inc.
- Lallemand Inc.
- Ganeden Biotech, Inc.
- Probi AB
Synbiotic Market Growth
- Increasing Awareness of Gut Health: Awareness of the importance of gut health and its impact on overall well-being has been growing. Many consumers are seeking products that promote a healthy gut, which has boosted the demand for synbiotic products.
- Health and Wellness Trends: The broader health and wellness trend, including an emphasis on natural and organic products, has driven interest in synbiotics. Consumers are looking for natural ways to maintain their health, and synbiotics align with this trend.
- Probiotic Popularity: Probiotics, which are live microorganisms that provide health benefits when consumed, have gained popularity. The combination of probiotics with prebiotics in synbiotic products is seen as a more holistic approach to gut health.
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Synbiotic Market Segmentation
Type Outlook:
- Prebiotics and Probiotics
- Food and Beverages
- Dietary Supplements
- Others
Distribution Channel Outlook:
- Online
- Offline
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