Synbiotic Foods Market Overview, Cost Structure Analysis, Growth Opportunities and Forecast to 2023

17/lug/2019 13:08:38 Tejas Amale Contatta l'autore

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Market Overview:

The Global Symbiotic Foods Market is expected to grow healthy during the forecast period (2017-2023), Market Research Future (MRFR) reports. Growing health awareness has given rise to nutritional benefits of food products. Its potential application in various sectors such as foods and beverages, pharmaceuticals and neutraceutical industries has given rise to its market demand.

Market Dashboard:

Some of the key players influencing the Global Synbiotic Foods Market: Chr. Hansen (Denmark), Yakult Pharmaceutical Ind. (Bulgaria), NewLeaf Symbiotics, Inc. (US), Pfizer Inc. (US).

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Industry Trends:

In recent times a growing industrial interest in improving the stability of beneficial bacterial strains has been witnessed. Chinese researchers from School of Food Science and Technology, Jiangnan University have found a solution through microencapsulation technique. The encapsulation method has its material made from alginate and an arabinoxylan that could boost the survival rate by 50%. Also, it has been recently published in an article in Science Translational Medicine that synbiotic foods can be a cure for diseases such as acne and eczema. The market’s prospect is luring in various investors; from celebrities to tech moguls. For instance, recently, Seeds, a synbiotic manufacturing company has received funding from such high profile entities. 

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 & Synbiotic Foods Markets, bakery & confectionary, snacks, beverages, dietary supplements and others. Dairy & Synbiotic Foods Markets are dominating the market owing to its high consumption. Use of synbiotics in dairy products incurs less expenditure and is resourceful. However, significant growth may be expected during dietary supplements.

Product-wise segmentation consists of glass, plastics, metals, paper and paperboard and others. The plastic material segment is to increase its use as a packaging material. However, paper and paperboards can also be expected to be 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.

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 for its various health benefits. In July 2014, the European Food Safety Authority (EFSA) lowered the 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 fueled the market further.

The US has a robust manufacturing base for food & beverage; factors that have can boost demand for synbiotics during the forecast period.

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