Synbiotic Foods Market Research Report - Global Forecast till 2030

Synbiotic Foods Market Research Report: Information by Type (Dairy Products, Beverages, Infant Nutrition Products, Breakfast Cereals, and Others), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores, and Others] and Non-Store-Based), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/F-B & N/3306-HCR | 110 Pages | Published By Snehal Singh on April 2023         

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Synbiotic Foods Market

Synbiotic Foods Market garner a revenue of USD 2.9 billion by 2030 at a CAGR of 9% during the forecast period 2022-2030.

$2.9 Billion

Market Size

9%

CAGR

Europe

Dominating Region

2022-2030

Forecast Period
Segmentation
By Type Dairy Products Beverages Infant Nutrition Products Breakfast Cereals
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific Rest of the World
Key Players
Companies Profiled •  Yakult Honsha Co. Ltd. (Japan) •   H&H Group (Hong Kong) •   The Kellogg Company (US) •   Danone S.A. (France) •   General Mills Inc. (US) •   Pfizer Inc. (US) •   Daflorn Ltd. (Bulgaria) •   Chobani Global Holdings LLC (US) •   Probiotical S.p.A. (Italy) •   Chr. Hansen Holding A/S (Denmark) •   Diamond V (US) •   Sabinsa Corporation (US)
Drivers
Market Driving Forces •  Increasing health concerns among the population •   Rising demand for functional food and beverages
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Synbiotic Foods Market Scenario


The synbiotic foods market is expected to garner a revenue of USD 2.9 billion by 2030 at a CAGR of 9% during the forecast period 2022–2030. Synbiotic foods are foods products containing a combination of prebiotics and probiotics in the form of synergism that stimulate the growth and survival of the bacteria in the gut. These bacteria are mostly found in the intestine and colon of a human body in the gastrointestinal tract. Synbiotic foods help to enhance the proper gut functioning, which could not be achieved in an adequate amount through regular diet. Thus, due to increasing awareness among consumers about these products, it is expected to drive the growth of the market. Additionally, the consumption of synbiotic foods provides various benefits including improving digestive health, enhancing immune function, decreasing inflammation, and also minimizing the risk of cardiovascular diseases.


Synbiotic foods are gaining acceptance globally, owing to increasing health concerns among the population. However, the high price of synbiotic food can restrict the sales of such products, which, in turn, can hamper the growth of the market. The rising demand for functional food and beverages is also boosting the growth of synbiotic foods. Moreover, continuous R&D in this industry and strategic initiatives undertaken by major players are expected to drive the market during the review years.  

Segmentation


The synbiotic foods market has been segmented based on type, distribution channel, and region.   By type, the global market has been classified as dairy products, beverages, infant nutrition products, breakfast cereals, and others. The dairy products segment holds the major market share in global synbiotic market. However, dietary supplements are experiencing a high demand from consumers and are expected to rise during the forecast period.   The global market has been categorized, on the basis of distribution channel, as store-based and non-store-based. The store-based segment has further been bifurcated into supermarkets and hypermarkets, convenience stores, and others. The store-based segment is expected to gain major revenue share of the market. Whereas, the non-store-based segment is expected to fastest growing segment during the forecast period.   The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.   The North American market has further been segmented into the US, Canada, and Mexico. The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The synbiotic foods industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The Global market in the rest of the world has been segmented into South America, the Middle East, and Africa. 

Key Players


Yakult Honsha Co., Ltd. (Japan), H&H Group (Hong Kong), The Kellogg Company (US), Danone S.A. (France), General Mills, Inc. (US), Pfizer Inc. (US), Daflorn Ltd. (Bulgaria), Chobani Global Holdings, LLC (US), Probiotical S.p.A. (Italy), Chr. Hansen Holding A/S (Denmark), Diamond V (US), Sabinsa Corporation (US), Behn Meyer Deutschland Holding AG & Co. KG (Germany), Ajinomoto Co., Inc (Japan), and Asahi Group Holdings, Ltd (Japan) are some of the key players in the global synbiotic foods industry.  

Regional Market Summary


In 2021 the European synbiotics food market gained the largest market share due to increasing consumption of functional foods with enriched nutrients. Asia-Pacific is expected to be the fastest-growing regional market in the symbiotic market. A rise in consumer awareness regarding the benefits associated with synbiotic foods is majorly driving the growth of synbiotic foods market in this region. Growing gut-related issues among the consumers are influencing the increasing demand for synbiotic foods in rest of the world.

Global Synbiotic Foods Market, by Type



  • Dairy Products

  • Beverages

  • Infant Nutrition Products

  • Breakfast Cereals

  • Others


Global Synbiotic Foods Market, by Distribution Channel




  • Store-Based

    • Supermarkets & Hypermarkets

    • Convenience Stores

    • Others





  • Non-Store-Based


Global Synbiotic Foods Industry, by Region




  • North America

    • US

    • Canada

    • Mexico






  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe






  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific






  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Synbiotic products manufacturers

  • Food and beverage industry

  • Dietary supplements manufacturers

  • Retailers and wholesaler

  • E-commerce industry

  • Traders, importers, and exporters

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 2.9 Billion
  CAGR   9%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Yakult Honsha Co., Ltd. (Japan), H&H Group (Hong Kong), The Kellogg Company (US), Danone S.A. (France), General Mills, Inc. (US), Pfizer Inc. (US), Daflorn Ltd. (Bulgaria), Chobani Global Holdings, LLC (US), Probiotical S.p.A. (Italy), Chr. Hansen Holding A/S (Denmark), Diamond V (US), Sabinsa Corporation (US), Behn Meyer Deutschland Holding AG & Co. KG (Germany), Ajinomoto Co., Inc (Japan), and Asahi Group Holdings, Ltd (Japan)
  Key Market Opportunities   Continuous R&D in this industry and strategic initiatives undertaken by major players
  Key Market Drivers   Increasing health concerns among the population, Rising demand for functional food and beverages


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Frequently Asked Questions (FAQ) :

Synbiotic Foods Market is expected to grow to USD 2.9 billion by 2030.

The Synbiotic Foods Market is expected to exhibit a strong 9% CAGR over the forecast period from 2022 to 2030.

Key players in the Synbiotic Foods Market include Kellogg, H&H Group, and Yakult Honsha, among others.

Europe holds the largest share in the global synbiotic foods market.

Growing awareness about the health benefits of bacterial cultures is the major driver for the market.