Prebiotics Ingredients Market
Growing health-conscious population and increase in consumption of dietary supplements is boosting the growth of the prebiotic ingredients market.
Increasing awareness for health benefits of prebiotic ingredients in developing countries is supporting the growth of the market. Rising R&D investment and technological advancements are having positive impact on the growth of the market. The global prebiotic ingredients market size was USD 5,568.7 Billion in 2020 and is expected to reach a value of USD 11.48 Billion by 2028 and register a CAGR of 9.30% during the forecast period.
The most used prebiotic ingredients include oligosaccharides, inulin, polydextrose and others. These ingredients can be easily sourced through roots, grains, and vegetables. Owing to their high health beneficial attribute, they are applied in various industries such as bakery and confectionery, dairy and frozen desserts, dietary supplements, sweet and savory snacks, oil and fats, beverages, and others.
Regional Analysis:
Geographical analysis of the prebiotics ingredients includes namely North America, Europe, Asia Pacific (APAC) and Rest-of-the-World (RoW).
Europe is spearheading the segment with a considerable amount of the revenue generated. The region has advanced research and development facilities which are proving beneficial in terms of discovering new products and launching them for use. At the same time, the region has recorded high inclination among the people towards functional food and beverages which resultantly, spurs the growth of prebiotic ingredients market Share.
North America is following the lead of Europe and is getting much traction from its people as they are getting aware of the prebiotics and have started consuming more. This growing consumption of dietary supplements in the U.S. is driving the prebiotic ingredients market ahead. The APAC is expected to grow with the fastest CAGR during the forecast period. Large population base in the region who are getting aware of the benefits of prebiotics can drive the prebiotics ingredients market further.
Competitive Landscape:
Tactical moves ensure growth for major companies. They often include mergers, acquisition, collaboration, new product launch, market expansion, and other methods. Major market influencers are banking on these strategies and especially on geographical expansion.
Major profiled in the global Prebiotic Ingredients Market Analysis are Cargill, Incorporated (U.S.), DuPont (U.S.), BENEO GmbH (Germany), Friesland Campina (The Netherlands), Ingredion Incorporated (U.S.), Nexira (France), Samyang Genex (Korea), and others.
Segmentation:
The global Prebiotic Ingredients Market Analysis is based on type, source, function, and application.
Type-wise, the prebiotic ingredients market can be segmented into oligosaccharides, inulin, polydextrose, and others. Inulin is leading the market, and the situation is going to remain the same during the forecast period.
Source-wise, the prebiotic ingredients market Share is segmented into roots, grains, vegetables, and others. Root segment is leading following the demand generated by plant root. However, the vegetable segment can register moderate growth during the same period.
Function-wise, the prebiotic ingredients market includes gut health, bone health, immunity, heart health, and weight management. Gut health is leading the segment. However, growing concerns regarding obesity are expected to assist weight management segment in attaining substantial hike during the forecast period.
Based on application, the prebiotic ingredients market Share comprises bakery & confectionery, dairy & frozen desserts, dietary supplements, sweet & savory snacks, oil & fats, beverages, and others. Dietary supplement is the frontrunner. However, bakery & confectionery can expect high growth rate so is the dairy & beverage market during the forecast period.
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