Report ID: SQMIG30H2133
Report ID:
SQMIG30H2133 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
64 |
Figures:
74
Prebiotics Market size was valued at USD 7.99 Billion in 2023 and is poised to grow from USD 9.18 Billion in 2024 to USD 27.87 Billion by 2032, growing at a CAGR of 14.90% during the forecast period (2025-2032).
Prebiotics are being used in the dairy industry due to their beneficial impact on health, which is expected to increase demand over the projected period. Significant technological developments in the production of inulin and oligosaccharides are also expected to cause the market for sugar to decline over the course of the projected period. Over the next seven years, it is anticipated that growing demand for supplements and shifting consumer perceptions of the health advantages of fiber will drive growth.
A few gastrointestinal tract disorders that are on the rise and are raising concerns about gut health are constipation, irritable bowel syndrome (IBS), gastroesophageal reflux disease (GRD), and inflammatory bowel disease. Over the anticipated time range, these worries are anticipated to fuel market growth. The increased planting and harvesting of prebiotic natural herbs is also anticipated to fuel the market. Thanks to companies' expanding investments in research and development (R&D) to discover innovative ingredients and consumers' growing readiness to pay more for food products containing prebiotic compounds, manufacturers are now in control of active health management programmers.
The growth in the market over the anticipated period will be driven by this. The food and beverage business uses prebiotics in a wide range of uses, including texture improvement and sweetening agents. Over the forecast period, the product growth is anticipated to be fueled by the rising concern about sugar disorders. Additionally, is a demand for the main prebiotic components like inulin and fructo-oligosaccharide (FOS) from goods with a low-calorie sweetening taste, that is going to fuel the expansion of the prebiotic market as a whole all through the forecast period.
US Prebiotics Market is poised to grow at sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONPrebiotics Market size was valued at USD 6.05 billion in 2021 and is expected to grow from USD 6.95 billion in 2022 to USD 21.2 billion by 2030, at a CAGR of 14.9% during the forecast period (2023-2030).
The prebiotics market is highly competitive in nature on account of the presence of a large number of players operating in the industry. These players are constantly striving to develop new and innovative products to meet the growing demand for prebiotics. These companies compete based on factors such as product innovation, product quality, pricing, and distribution channels. Other players also engage in partnerships, collaborations, and acquisitions to expand their market presence and increase their product offerings. 'Dupont Nutrition & Health', 'Cargill, Incorporated', 'Royal Cosun', 'Beneo GmbH', 'Ingredion Incorporated', 'FrieslandCampina Domo', 'Kerry Group plc', 'Yakult Honsha Co., Ltd.', 'Nexira', 'Samyang Corporation', 'Roquette Frères', 'Tate & Lyle plc', 'Beghin Meiji (Tereos Syral)', 'Cosucra Groupe Warcoing SA', 'Sensus BV', 'ADM', 'Taura Natural Ingredients Limited', 'Nutrizon', 'GTC Nutrition'
With increasing awareness of the importance of maintaining good health and well-being, there is a growing demand for functional foods and dietary supplements that contain prebiotics.
Increasing demand for natural and organic prebiotics: Consumers are increasingly seeking natural and organic products, and this trend is also reflected in the prebiotics market. Manufacturers are developing prebiotics from natural and organic sources to meet this demand.
The market in the Asia Pacific region is anticipated to grow at the quickest rate, i.e., 15.4%, between 2022 and 2030. The key forces behind product demand are nations with sizable populations and developing food and beverage industries, such as Japan, China, and India. The rising consumption of dairy products in Asian countries also contributes to the regional market's rise. According to an economic survey, India produced 198.4 million tons of milk in 2020–21, an increase of 5.7% from 2019–20. By 2030, India's demand for dairy products will amount to 266.5 million metric tons, predicts the National Dairy Development Board (NDDB).
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Report ID: SQMIG30H2133