Synbiotic Foods Market Worldwide Research Report 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
Pune, India -- (SBWIRE) -- 08/16/2018 -- Market Overview:
Synbiotic Foods Market is projected to grow at a CAGR of 10% over the forecast period. Synbiotics are commonly used in food ingredients and dietary supplements to improve the nutritional quality of food products. Synbiotic foods are a mixture of prebiotics and probiotics. Synbiotics foods are used to improve the gut health and gastrointestinal function. Synbiotics have a potential application in food & beverages, pharmaceutical and nutraceuticals industries owing to its nutritional benefits. Most common synbiotics used in food formulation include bifidobacteria bifidum, bifidobacteria longum, bifidobacteria infantis, lactobacillus acidophilus, lactobacillus bulgaricus and lactobacillus casei.
Asia Pacific is expected to show a higher growth rate in the synbiotic foods market over the forecast period 2017-2023. Europe has the major consumption of synbiotic food products, owing to health benefits connected with the consumption of synbiotic food products. Furthermore, government decision to uplift the quota for dairy products production will assist in opening up new dairy industries. This will allow industries to fabricate synbiotics based dairy products and is anticipated to raise the synbiotic foods market.
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Furthermore, increasing product awareness and benefits linked with the consumption of functional foods in country like China and India, a healthy growth is projected in the synbiotic foods market in Asia Pacific region. Additionally, high focus on R & D in synbiotic foods to enhance the nutritive value in synbiotic foods products, which is likely to uplift the market for synbiotic foods at the global level.
Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major synbiotic foods players. It further includes product portfolios, developments of leading players, which includes
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.)
Synbiotic Foods Market is segmented on the basis of type, packaging material, distribution channel, and region.
Synbiotics are widely used as fortifying agent in dairy and food industry
Consumption of synbiotic food is gaining attention, owing to gut health benefits
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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The global synbiotic foods market is segmented under the following regions
- Rest of Europe
- Rest of Asia Pacific
Rest of the world
- South Africa