USD 1.2 billion
Report ID:
SQMIR30I2402 |
Region:
Regional |
Published Date: April, 2024
Pages:
198
|Tables:
87
|Figures:
70
Asia Pacific Prebiotics Market size was valued at USD 1.2 billion in 2022 and is poised to grow from USD 1.36 billion in 2023 to USD 3.72 billion by 2031, growing at a CAGR of 13.4% in the forecast period (2024-2031).
The Asia Pacific prebiotics marketplace has witnessed superb growth in recent years. This growth is on the whole driven via growing purchaser cognizance of the importance of intestine health and universal proper-being.
As humans grow to be greater health-aware, there's a growing call for for products that include prebiotics, which are regarded for his or her useful outcomes at the digestive system. Manufacturers inside the vicinity are responding to this call by means of incorporating prebiotic components into a wide variety of food and beverage products.
Additionally, research and development efforts are centered on growing revolutionary formulations and enhancing the taste and texture of prebiotic-infused merchandise to cater to purchaser choices.
Global Market Size
USD 1.2 billion
Largest Segment
Food & Beverages
Fastest Growth
Food & Beverages
Growth Rate
13.4% CAGR
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The Asia Pacific prebiotics market is segmented on the basis of product, source, utility, and region. Based on product the market is segmented as inulin, fructooligosaccharides (FOS). On the basis of source the market is segmented as roots, end result & vegetables. Based on software, it's miles segregated into food & liquids, dairy products. Based on vicinity, the market is segmented into China, India, Japan and Australia.
Analysis via Source
In the Asia Pacific prebiotics market, fruits turn out to be the dominating source. This is typically attributed to the area's rich agricultural diversity, along with an abundance of tropical culmination which can be clearly high in prebiotic fibers. Consumers in the Asia Pacific respect the natural and healthy photograph of fruit-derived prebiotics, and they are often used as key substances in numerous meals and beverage merchandise.
However, vegetables are the fastest developing source within the Asia Pacific prebiotics marketplace. This boom is fueled by using a growing cognizance of the fitness advantages of vegetable-derived prebiotics, specifically in leafy greens and root greens. Consumers are increasingly searching out plant-primarily based options, and veggies are perceived as a healthy and sustainable source of prebiotic substances. This fashion aligns with the broader worldwide motion in the direction of plant-primarily based and fitness-conscious diets, contributing to the rapid expansion of vegetable-derived prebiotics inside the vicinity.
Analysis by Application
The meals & beverages application phase presently dominates the Asia Pacific prebiotics market. This dominance can be attributed to the substantial incorporation of prebiotic elements into diverse meals and beverage merchandise, consisting of cereals, snacks, and practical drinks. Consumers are increasingly seeking convenient and engaging ways to enhance their gut fitness, riding the demand for prebiotic-infused products.
Moreover, the dairy products software segment is the fastest-growing inside the Asia Pacific prebiotics marketplace. This boom is fueled by means of the conventional reputation of dairy within the place, as well as the growing interest in yogurts and milk-based totally merchandise fortified with prebiotics. Dairy products are seen as a handy and familiar manner of handing over digestive health benefits, contributing to their fast enlargement inside the marketplace.
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China stands as the dominating force within the Asia Pacific prebiotics marketplace. This dominance is attributed to its extensive populace, a rapidly expanding middle elegance with growing health recognition, and a robust meals and beverage industry. The sheer scale of the Chinese marketplace and the developing hobby in fitness-conscious consumption make it a pivotal participant inside the place's prebiotic enterprise.
However, India is emerging as the quickest-developing market for prebiotics inside the Asia Pacific. The United States's burgeoning populace, coupled with growing health issues, is fueling the call for merchandise that promote digestive well-being. Additionally, a thriving meals and beverage zone and developing disposable incomes are driving significant market increase. India's dynamic market affords giant potential for prebiotic products to flourish inside the coming years.
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Drivers
Increasing Health Awareness
Restraints
High Production Costs
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In the Asia Pacific prebiotics market, a dynamic and competitive panorama has emerged. Various organizations, each massive and small, are actively vying for market percentage. These companies are engaged in huge research and improvement efforts to formulate modern prebiotic merchandise that cater to the evolving preferences of health-conscious clients. Additionally, partnerships and collaborations with nearby distributors and outlets are being solid to decorate marketplace penetration. Competitive techniques include product diversification, advertising campaigns highlighting fitness benefits, and a keen cognizance on exceptional and protection requirements. This aggressive surroundings fosters continuous innovation and product improvement, ensuring a vibrant market for prebiotic offerings within the location.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to Asia Pacific prebiotics marketplace analysis, the marketplace has witnessed fantastic increase in current years, driven by growing customer awareness of the importance of gut fitness and universal nicely-being. Major players in the area, which includes BAOLINGBAO BIOLOGY, Tata Chemical Ltd., and Meiji Holdings Co., Ltd., had been instrumental in increasing the market through product innovation and strategic partnerships. As health-awareness keeps on upward pushing the various vicinity's various populations, demand for prebiotic-infused merchandise stays robust. However, demanding situations including high production prices and regulatory complexities persist. The market's competitive landscape is dynamic, with organizations focusing on research and development, personalized vitamins, and collaborations to hold their aggressive aspect. Looking beforehand, the Asia Pacific prebiotics marketplace is poised for sustained growth. The fashion towards customized nutrition is predicted to advantage further traction, supplying possibilities for custom designed prebiotic answers tailor-made to character fitness desires. Moreover, improvements in scientific know-how of gut fitness and the microbiome will probably lead to the development of greater centered and powerful prebiotic merchandise. Manufacturers are also able to retain increasing their portfolios to encompass a much broader range of prebiotic-fortified ingredients and drinks. To address production prices, investments in innovative extraction and production techniques may boom, making prebiotics more low cost and handy. Overall, the Asia Pacific prebiotics market is set to evolve in response to changing purchaser options and medical improvements, providing big boom prospects.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.2 billion |
Market size value in 2031 | USD 3.72 billion |
Growth Rate | 13.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Asia Pacific Prebiotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Asia Pacific Prebiotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Asia Pacific Prebiotics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Asia Pacific Prebiotics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIR30I2402
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