The prebiotic ingredients market size is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to increasing incidence of lifestyle disorders, increasing overall efficiency & productivity for enterprises, rising number of food product launches, and rapid urbanization.
The prebiotics ingredients are also called as dietary fiber act as fertilizers for the bacteria which found in the gut of human body. Prebiotics are indigestible by the body. Bacteria & heat are unable to affect the prebiotics.
The Covid-19 pandemic affected the prebiotic ingredients market. Lockdown across the globe, reduction in demand of the protein, supply chain disorders, and decreasing supply of materials required to make ingredients, forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand to introduce prebiotic ingredients is projected to boost the market.
- Increasing intake of high-fiber functional foods is the major factor fueling the market.
- Lack of awareness about the prebiotic ingredients is projected to restrict the market expansion during the forecast period.
- High price of the products is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in prebiotic ingredients market is projected to offer lucrative opportunities for the market players
Scope of the Report
The report on the prebiotic ingredients market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Prebiotic Ingredients Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Nutraceuticals, Galacto-oligosaccharide, MOS, Inulin, Functional Fibers, Fructo-oligosaccharide, and Other Ingredients); by Applications (Animal Feed, Infant Formula, Dietary Supplements, Fortified Food & Beverage, and Other Applications)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report
Nutriagaves De Mexico SA De CV; Sensus BV; Kerry Group; DuPont de Nemours, Inc.; Ingredion Inc.; Beneo-Orafti SA; Cargill, Inc.; Tereos Group; Royal Freisland Compina NV; Coscucra-groupe Warcoing SA; and Nexira SAS
Market Segment Insights
The nutraceuticals segment accounts for key share of the market
On the basis of types, the prebiotic ingredients market is fragmented into nutraceuticals, galacto-oligosaccharide, MOS, inulin, functional fibers, fructo-oligosaccharide, and others. The nutraceuticals segment accounts for a key share of the market. Growth of the market is attributed to incorporation of prebiotic ingredients in processed food and increasing research & development activities. However, the functional fibers segment is anticipated to expand at a rapid pace during the forecast period due to rising health benefits such as improves digestion & decreasing cardiovascular disease, increasing per capita income, increasing awareness among consumers, and rising plant-based diets.
The fortified food & beverages segment is anticipated to hold significant market share
Based on applications, the market is divided into animal feed, infant formula, dietary supplements, fortified food & beverage, and others. The fortified food & beverages segment accounts for a significant share of the market. Growth of the market is attributed to increasing importance of nutraceuticals, rapidly growing population, and rapid innovations in ingredients. The dietary supplements segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing demand for FOS in infant nutrition, rising investment by private sectors, consumers preference shifting towards natural ingredients, and rising number of small & medium industry.
Europe is estimated to hold major market share
On the basis of region, the prebiotic ingredients market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is estimated to expand at a high CAGR during the forecast period due to factors such as presence of major market players, growing acceptance of supplements, and rapid economic growth in region. The market of Europe is estimated to hold major market share due to rapidly growing number of working people, rising awareness regarding health benefits, increasing number of healthcare professionals, and rapid industrialization.
Segments Covered in the Report
The prebiotic ingredients market has been segmented on the basis of
- Functional Fibers
- Other Ingredients
- Animal Feed
- Infant Formula
- Dietary Supplements
- Fortified Food & Beverage
- Other Applications
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Nutriagaves De Mexico SA De CV
- Sensus BV
- Kerry Group
- DuPont de Nemours, Inc.
- Ingredion Inc.
- Beneo-Orafti SA
- Cargill, Inc.
- Tereos Group
- Royal Freisland Compina NV
- Coscucra-groupe Warcoing SA
- Nexira SAS
Key players competing in the prebiotic ingredients market include Nutriagaves De Mexico SA De CV; Sensus BV; Kerry Group; DuPont de Nemours, Inc.; Ingredion Inc.; Beneo-Orafti SA; Cargill, Inc.; Tereos Group; Royal Freisland Compina NV; Coscucra-groupe Warcoing SA; and Nexira SAS
Some of these players are using several market strategies such as product launches, capacity expansion, merger, acquisitions, collaborations, and partnerships to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.