PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1565691
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1565691
Prebiotic Fiber market size was evaluated at USD 6,745.2 million in 2023, rising at a CAGR of 15.20% from 2024 to 2032.
The prebiotic fiber market is a business that produces and sells dietary fibers for the development and activity of friendly gut bacteria. In summary, it is an undigested carbohydrate passed through the digestive system. Once inside the gut, this carbohydrate acts as food to the good bacteria in the guts-that also says, probiotics. Sources of prebiotics can be identified as inulin, fructooligosaccharides, and galactooligosaccharides.
Prebiotic Fiber Market- Market Dynamics
he Plant-Based Revolution Implications For Prebiotic Fiber Market Growth
The increasing popularity of plant-based diets is likely to drive future growth in the prebiotic fiber market. A plant-based diet consists of limiting or avoiding animal products and consuming foods that are primarily or only derived from plants, such as fruits, vegetables, grains, nuts, seeds, and legumes. Concerns about environmental sustainability, animal welfare ethics, and growing knowledge of the health advantages of plant-based diets have all contributed to the rise in popularity of these diets. Prebiotic fiber is vital for nourishing healthy gut bacteria, maintaining digestive health, and increasing nutrient absorption from plant-based foods, therefore complementing the nutritional profile of these diets. For instance, according to a report published in April 2023 by The Plant-Based Foods Association, a US-based trade association representing the plant-based food industry, plant-based foods accounted for $8 billion in U.S. retail sales in 2022, up approximately 6.67% from $7.5 billion in the previous year. As a result, the increased popularity of plant-based diets is boosting the prebiotic fiber market.
Prebiotic Fiber Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of 15.20% from 2024 to 2032.
In 2023, the food and beverage industry is expected to dominate the prebiotic fiber market based on Application segmentation.
Based on Product Type segmentation, in 2023, the Inulin category accounted for the majority of the prebiotic fiber market revenue.
The Online Stores sector is predicted to lead the market over the projection period, based on sales channel segmentation.
On the basis of region, in 2023, North America generated the highest revenue.
The global Prebiotic Fiber market is divided into five categories: Nature, Product Type, Application, sales channel, and region.
The market is segmented into seven segments according on application: Nutritional Supplements, Food and Beverages, Baked Foods, Animal Feed, Dairy, Breakfast Snacks, and Others. The food and beverage industry is likely to dominate the market for prebiotic fibers. This sector's substantial market share is mostly attributable to consumers' growing health consciousness and demand for prebiotic food fortification components. The food and beverage market is also expected to grow as a result of a healthier and more active lifestyle, as well as increased investment in the creation of new food and beverage products.
The market is divided into five segments according to Product Type: Mannan-Oligosaccharide, Inulin, Galacto-Oligosaccharide, Fructo-Oligosaccharide, and Other. In 2023, the Inulin segment accounted for the majority of the Prebiotic Fiber market revenue. Evidence suggests that inulin, a water-soluble fiber found in many plants, improves gut health. Fructans is another name for inulin. It feeds the healthy bacteria in your colon and is prebiotic, just like other fructans. One type of sugar is fructose, which is made up of a series of joined fruits. Before circulating to the lower intestine and feeding the good gut flora there, the molecules bond together to prevent digestion in the small intestine.
Prebiotic Fiber Market- Geographical Insights
Geographically, this market encompasses Asia Pacific, Latin America, Europe, North America, the Middle East, and Africa. These zones are further split based on which countries bring business. The North American prebiotic fibre market is predicted to dominate in 2023 and increase at a considerable CAGR over the study period. Consumers' increased benefit knowledge has resulted in the introduction of many innovative goods across a wide range of end-user sectors. As a result, the market under consideration has seen a significant acceleration in growth. Prebiotics are used in many food compositions, notably dairy products, to stimulate the growth of probiotics and boost nutritional value.
The Asia-Pacific Prebiotic Fiber Market is estimated to expand at the quickest CAGR between 2024 and 2032. Prebiotic fibers are in high demand because they are either naturally occurring in plant-based goods designed to replace animal-based diets or are easily added into them. This tendency is growing as more people choose vegan and plant-based diets. Vegans and those on alternative diets can consume a range of prebiotic foods. Furthermore, China's prebiotic fiber market had the highest market share, while India's prebiotic fiber market was the fastest-growing in the Asia-Pacific region.
Major competitors in the Prebiotic Ingredients market, including GTC Nutrition, BENEO, Prebiotin, Now Foods, Cargill, and others, are investing in R&D to increase market demand. Major market companies are investing heavily in R&D to expand their product offerings, which will help the Prebiotic fiber market grow even more. In addition, market players are exploring strategic approaches to broaden their worldwide reach, such as joint ventures, product launches, partnerships, mergers, and acquisitions, increased investments, and cooperation with other businesses. Competitors of prebiotic fiber must provide affordable goods if they are to grow and prosper in an increasingly cutthroat and dynamic market.
In August 2021, Beneo reported that the Brazilian National Health Surveillance Agency (ANVISA) has approved its prebiotic chicory root fiber, Orafti(R)Synergy1, for the purpose of enhancing intestinal function.