The global prebiotic ingredients market size is expected to reach USD 7.38 billion by 2028 according to a new study by Polaris Market Research. The report “Prebiotic Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Galacto-oligosaccharide, Inulin, Fructo-oligosaccharide, Others); By Application; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The consumption of prebiotic ingredients has increased owing to the growing population, changing lifestyle of consumers, and increasing consumer demands for healthy and nutritious products. Growth in the occurrence of lifestyle diseases, increasing disposable income, and changing eating habits support the prebiotic ingredients industry growth.
An increase in demand for prebiotic-based functional food and has been observed during the COVID-19 outbreak. The sale of dietary supplements has also increased on account of rising awareness associated with nutrition, public initiatives against the spread of the virus, and steps taken for preventive healthcare. However, the market’s growth has been impaired due to operational challenges, disruption of the supply chain, and a limited workforce during the pandemic.
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On the basis of type, the market is segmented into inulin, galactooligosaccharides, fructo-oligosaccharide, and others. The inulin segment dominated the global market in 2020. Inulin assists in increasing the growth of helpful bacteria in the colon, relieving intestinal problems, and boosting the immune system. It also slows digestion, enabling a slow release of sugar to promote healthy blood sugar levels.
The different applications of prebiotic ingredients include dietary supplements, animal feed, infant formula, pharmaceutical, functional food & beverages, and others. The functional food & beverages segment held the major share in the global industry in 2020. However, the dietary supplements segment is expected to grow at a significant rate during the forecast period. Increasing consumer concerns regarding healthy living and wellness have encouraged consumers to turn towards dietary supplements.
Market players are increasingly introducing dietary supplements to cater to the growing consumer demands. The ever-increasing geriatric population, increasing cases of age-related health conditions, growing awareness regarding increased immunity and overall wellness during the pandemic, is expected to drive the market. Europe emerged as the largest industry in 2020 and is expected to maintain its dominance over the forecast period. Germany accounts for a key share in the European prebiotic ingredients market.
Major industry participants include Cargill, BENEO, Incorporated, DuPont, Cosucra, Fonterra Group Cookies Statemen, Ingredion, Jarrow Formulas, Inc., FrieslandCampina, Kerry Group plc, Roquette Frères, Nexira SAS, SAMYANG HOLDINGS CORPORATION, Tereos Group, Sensus America, Inc., and Yakult Honsha Co., Ltd.
Polaris Market Research has segmented the prebiotic ingredients market report on the basis of type, application, and region:
Prebiotic Ingredients, Type Outlook (Revenue, USD Billion, 2016 – 2028)
Prebiotic Ingredients, Application Outlook (Revenue, USD Billion, 2016 – 2028)
- Animal Feed
- Dietary Supplements
- Infant Formula
- Functional Food & Beverages
Prebiotic Ingredients, Regional Outlook (Revenue, USD Billion, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa