PUBLISHER: SkyQuest | PRODUCT CODE: 1461546
PUBLISHER: SkyQuest | PRODUCT CODE: 1461546
Global Prebiotics Market size was valued at USD 6.95 Billion in 2022 and is poised to grow from USD 7.99 Billion in 2023 to USD 24.26 Billion by 2031, at a CAGR of 14.90% during the forecast period (2024-2031).
The dairy industry is increasingly incorporating prebiotics for their health benefits, which is expected to drive up demand in the foreseeable future. Advances in inulin and oligosaccharide production technologies are poised to reduce the sugar market. Over the next seven years, a surge in supplement demand and changing consumer perceptions regarding fiber's health benefits are projected to spur growth. Concerns about gastrointestinal disorders like constipation, irritable bowel syndrome (IBS), gastroesophageal reflux disease (GERD), and inflammatory bowel disease are on the rise, fueling market growth expectations. Increased cultivation of prebiotic-rich herbs is also anticipated to contribute to market expansion. With companies investing more in research and development for innovative ingredients and consumers willing to pay premiums for prebiotic-infused food products, manufacturers are well-positioned to capitalize on active health management programs. The food and beverage sector utilizes prebiotics for various purposes such as texture enhancement and sweetening agents, with the growing apprehension about sugar-related ailments expected to further drive product demand. Additionally, the demand for key prebiotic components like inulin and fructo-oligosaccharide (FOS) in low-calorie sweetening products is anticipated to fuel overall market growth throughout the forecast period.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Prebiotics Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Prebiotics Market Segmental Analysis
The global prebiotics market is segmented based on ingredients, application, and region. In terms of ingredients, the market is segmented into Fructo-oligosaccharide (FOS), Inulin, Galacto-oligosaccharides (GOS), Mannan-oligosaccharide (MOS), and others (Oligosaccharides, Chicory Fructans, HMO, XOS). In terms of application, the market is segmented into prebiotic food & beverages (dairy products, cereals, baked food, fermented meat products, dry food prebiotics), prebiotic dietary supplements (food supplements, nutritional supplements, specialty nutrients, infant foods), and animal feed prebiotics. Regionwise, the global prebiotics market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Drivers of the Global Prebiotics Market
As awareness regarding the significance of maintaining optimal health and well-being continues to rise, the demand for functional foods and dietary supplements containing prebiotics is also increasing.
Restraints in the Global Prebiotics Market
Despite the increasing recognition of the significance of prebiotics, a considerable number of consumers remain unaware of their nature and the advantages they offer.
Market Trends of the Global Prebiotics Market
The growing consumer preference for natural and organic goods is driving a shift in the prebiotics market, with manufacturers responding by creating prebiotics derived from natural and organic sources to align with this demand.