Global prebiotic ingredient’ market is estimated to be USD 6.05 billion in 2020 and is projected to reach USD 15.31 billion by 2029, at a CAGR of 14.9% from 2022 to 2029.
A prebiotic component is a sort of non-digestible fiber that is fermented by healthy bacteria in the colon after passing through the upper gastrointestinal tract undigested. Prebiotics serve as nourishment for these bacteria and help them thrive, resulting to enhanced gut health and overall well-being. Some popular examples of prebiotic components include inulin, Fructooligosaccharides (FOS), Galactooligosaccharides (GOS), and resistant starch. These components can be found naturally in foods like whole grains, onions, garlic, and bananas. They can also be added to food products as functional components.
The prebiotic ingredient market has been rising significantly in recent years, driven by increasing consumer knowledge of the health advantages of prebiotics and their application in a variety of food and beverage items. The market for prebiotic ingredients is fueled by factors such expanding awareness of the health advantages of prebiotics, rising prevalence of digestive illnesses like irritable bowel syndrome (IBS) and inflammatory bowel disease, and rising demand for functional food and beverage products. The demand for prebiotic ingredients is also being fueled by the increasing popularity of plant-based and natural food products.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD BILLION), (KILOTONS) |
| Segmentation | By ingredients, application and region. |
| By Ingredients
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| By Application
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| By Region
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To develop new prebiotic compounds that can provide enhanced health advantages and be used in a wider range of applications, businesses are investing in research and development. Prebiotic substances that can withstand high temperatures, for instance, are being developed by some businesses and are appropriate for use in baked goods and other products that go through heat processing.
A large number of businesses in the prebiotic ingredient market are diversifying their product lines to incorporate more chicory prebiotic components and mixtures. This enables them to address the unique requirements of various product categories and provide more specialised solutions to food and beverage makers.
Prebiotic ingredients derived from natural sources are becoming increasingly important as consumers continue to seek out natural and organic food products. For instance, several businesses produce prebiotic foods utilizing plant-based substances including chicory root, Jerusalem artichoke, and agave.
The COVID-19 pandemic has had both positive and negative impacts on the prebiotic ingredient market. On the one hand, there has been an increase in demand for prebiotic ingredients as people are becoming more aware of how crucial it is to maintain good gut health and a robust immune system in the face of the pandemic. Consumers have been seeking out functional foods and beverages that contain prebiotics to help support their overall health and well-being.
Global prebiotic ingredient’ market is estimated to be USD 6.05 billion in 2020 and is projected to reach USD 15.31 billion by 2029, at a CAGR of 14.9% from 2022 to 2029.
The global market for Prebiotic Ingredients was dominated by the Europe. The regional market is anticipated to be driven by product diversity and its expanding significance in the food and beverage industry. It is anticipated that rising consumer demand for foods fortified with prebiotic ingredients will accelerate market growth in Europe. Because it is an excellent and nutritious alternative to fat and sugar, inulin is frequently used in the food processing industry. Demand for foods and beverages enriched with prebiotics will be further boosted by growing worries about diabetes and obesity in the area.
The prebiotic ingredient market has been rising significantly in recent years, driven by increasing consumer knowledge of the health advantages of prebiotics and their application in a variety of food and beverage items. The market for prebiotic ingredients is fueled by factors such expanding awareness of the health advantages of prebiotics, rising prevalence of digestive illnesses like irritable bowel syndrome (IBS) and inflammatory bowel disease, and rising demand for functional food and beverage products. The demand for prebiotic ingredients is also being fueled by the increasing popularity of plant-based and natural food products.
Prebiotic Ingredient’ market By Application is divided into Infant Formula, Fortified Foods and Beverages, Dietary Supplements, Animal Feed, Pharmaceuticals, and Other.
Key Players Profiled in The Report Include Abbott Laboratories, BENEO GmbH, Bright Food (Group) Corp. Ltd., Cargill Inc., Kraft Foods Group, Inc., Cosucra Groupe Warcoing SA, The Kraft Heinz Company, FrieslandCampina, Jarrow Formulas, Inc., Parmalat S.p.A, Roquette Frères, Royal Cosun, and Yakult Honsha Co., Ltd.
In terms of revenue generation and largest market share Europe dominates the Prebiotic Ingredient market.
Global prebiotic ingredient market by ingredient is divided into inulin, fructooligosaccharides, galactooligosaccharides, and other.
The inulin ingredients segment dominated the global market and accounted for the maximum share in the overall revenue. Over the projected period, the segment's growth is anticipated to be significantly influenced by the increasing demand for inulin in baked goods and beverages. The demand for GOS products worldwide is anticipated to increase significantly between 2022 and 2030.
Global prebiotic ingredient market by application is divided into infant formula, fortified foods and beverages, dietary supplements, animal feed, pharmaceuticals, and other.
The market was dominated by the food and beverage application category, which also represented the biggest share of the total volume. Due to the rising importance of animal proteins and the fortification of animal feed with bacteria that enhance animal gut health, the demand for prebiotics in animal feed was already high and will continue to rise. The market for dietary supplements is anticipated to experience the quickest volume-based CAGR over the forecast period.
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The Prebiotic Ingredient market key players include Abbott Laboratories, BENEO GmbH, Bright Food (Group) Corp. Ltd., Cargill Inc., Kraft Foods Group, Inc., Cosucra Groupe Warcoing SA, The Kraft Heinz Company, FrieslandCampina, Jarrow Formulas, Inc., Parmalat S.p.A, Roquette Frères, Royal Cosun, and Yakult Honsha Co., Ltd.
For corporate expansion, these key leaders are implementing strategic formulations such as new product development and commercialization, commercial expansion, and distribution agreements. Moreover, these participants are substantially spending on product development, which is fueling revenue generation.
Prebiotic Ingredient Market Recent DevelopmentsMay 2022, BENEO, one of the leading manufacturers of functional ingredients, has announced the acquisition of Dutch company, Meatless B.V., ensuring it becomes a major player in the field of plant-based texturizing solutions for meat and fish alternatives. The move comes amid a huge rise in demand for plant-based products, with figures showing that the market for fish and meat alternatives is expected to grow by more than 10% CAGR over the next five years.
February 2023, Abbott and Cardiovascular Systems, Inc. (CSI), announced a definitive agreement for Abbott to acquire CSI, a medical device company with an innovative atherectomy system used in treating peripheral and coronary artery disease. CSI is a leader in devices for atherectomy, a minimally invasive treatment for plaque build-up in arteries that can restrict blood flow. Procedural use of atherectomy can help maximize the benefits of standard balloon angioplasty or stent treatments in restoring blood flow in complex arterial disease.
The prebiotic ingredient’ market by region includes North America, Asia-Pacific (APAC), Europe, South America, And Middle East & Africa (MEA).
The global market for Prebiotic Ingredients was dominated by the Europe. The regional market is anticipated to be driven by product diversity and its expanding significance in the food and beverage industry. It is anticipated that rising consumer demand for foods fortified with prebiotic ingredients will accelerate market growth in Europe. As it is an excellent and nutritious alternative to fat and sugar, inulin is frequently used in the food processing industry. Demand for foods and beverages enriched with prebiotics will be further boosted by growing worries about diabetes and obesity in the area.
The fastest growth is forecast for the Asia Pacific regional market. Countries with large populations and expanding food and beverage sectors, including Japan, China, and India, are the main drivers of product demand. Additionally, the expansion of the regional market is being aided by the rising consumption of dairy products in Asian nations.
North America is expected to witness a steady growth rate during the forecast period. Increasing disease occurrence including BSE, PEDv, and swine flu in the U.S. has led in the increased relevance of animal feed ingredients for assuring acceptable quality feed among manufacturers. Rising consumer discretionary income levels in countries like Brazil and Argentina, are likely to promote dietary supplement usage and fuel prebiotics demand over the predicted period. Increasing domestic demand for meat in major nations, such as Brazil, Argentina, and Chile, is likely to play an essential part in augmenting market growth.
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