Market Research Future published a Half-Cooked Research Report on the Global Synbiotic Foods Market, which is estimated to grow at a CAGR of 10.0% during the forecast period 2017-2023.
Market Overview:
Synbiotics are used in food materials and dietary supplements to enhance the nutritional value of food products. Synbiotic foods is a blend of prebiotics and probiotics. Synbiotics foods are used to recuperate the gut health and gastrointestinal function. Synbiotics have potential application in food & beverages, pharmaceutical and nutraceuticals industries owing to its nutritional benefits. Most common synbiotics used in food formulation includes bifidobacteria bifidum, bifidobacteria longum, bifidobacteria infantis, lactobacillus acidophilus, lactobacillus bulgaricus and lactobacillus casei.
Market Forecast:
Synbiotic foods have shown a high demand from the manufacturers of food & beverage and nutraceuticals products due to the products extraordinary nutritional worth and associated health benefits. Synbiotic fortified foods has been found to be very much valuable for people with glucose intolerance. Also, products fortified with synbiotics supports in preventing osteoporosis and reduce the risk of cardiovascular diseases, which is majorly driving the synbiotic foods market.
Increasing health troubles in the population has surged the demand for functional food with supplemented nutrient value and connected health benefits which has raised the demand for synbiotic foods in the market. Furthermore, high demand for synbiotic food supplements in pet and animal feed products is adding fuel to the growth of synbiotic foods market. Additionally, all these factors are projected to contribute to the estimated CAGR of 10.0% of synbiotic foods market during the forecast period 2017-2023.
Market Segmentation:
The global synbiotic food market has been segmented based on type, product and distribution channel.
By type, the market has been further segmented into dairy & frozen desserts, bakery & confectionary, snacks, beverages, dietary supplements and others. Dairy & frozen desserts are dominating the market owing to its high consumption. Use of synbiotics in dairy products incurs less expenditure and is resourceful. However, significant growth can be expected for dietary supplements during the forecast period owing to increase in its intake.
Product-wise segmentation consists of glass, plastics, metals, paper and paperboard and others. The plastic material segment is experiencing a significant increase due to its use as a packaging material. However, paper and paperboards can also expect a boost for being recyclable in nature and mitigating the chance of food migration.
Based on distribution channel, the market includes store-based and non-store based distribution. The store-based distribution network is currently dominating the market owing to a growth in one-stop solution shops.
Competitive Analysis: Some of the key players influencing the global synbiotic foods market: Chr. Hansen (Denmark), Yakult Pharmaceutical Ind Co Ltd. (Japan), SKYSTONE FEED CO., LTD (China), Behn Meyer Holding AG (Germany), Daflorn Ltd. (Bulgaria), NewLeaf Symbiotics, Inc. (U.S.), Pfizer Inc. (U.S.).
Regional Analysis:
The global synbiotic foods market can be segmented into North America, Europe, Asia Pacific (APAC), and rest-of-the-world (RoW).
Europe dominates the global market due to increasing consumption of synbiotic food products for its various health benefits. In July 2014, European Food Safety Authority (EFSA) lowered the upper usage limit of synbiotics in the fortification of infant food products that can adversely impact the market. However, European government has increased the dairy production which could trigger the market growth rate of synbiotics.
The APAC region is second in production with China leading the market. Rising awareness related to synbiotic product and growing dairy production in China, India and New Zealand have fuelled the market further.
The U.S. has a robust manufacturing base for food & beverage, and the popularity of functional foods are on the rise; factors that have can boost the demand for synbiotics during the forecast period.
Know More Synbiotic Foods Market: https://www.marketresearchfuture.com/reports/synbiotic-foods-market-4728
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