Prebiotics Ingredients Market Outlook

Growing health-conscious population and increase in consumption of dietary supplements is boosting the growth of the prebiotic ingredients market.

Increasing awareness of the health benefits of prebiotic ingredients in developing countries is supporting the growth of the market. Rising RD investment and technological advancements are having a 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:

The 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 revenue generated. The region has advanced research and development facilities that are proving beneficial in terms of discovering new products and launching them for use. At the same time, the region has recorded a 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. A large population base in the region who are getting aware of the benefits of prebiotics can drive the prebiotic ingredients market further.

Segmentation:

The global Prebiotic Ingredients Market Revenue 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 roots. 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 the weight management segment in attaining a 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. A dietary supplement is a frontrunner. However, bakery confectionery can expect a high growth rate so is the dairy beverage market during the forecast period.

Competitive Landscape:

Tactical moves ensure growth for major companies. They often include mergers, acquisitions, collaboration, new product launches, 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.

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