The prebiotics market was valued at US$4.338 billion in 2020 and is expected to grow at a CAGR of 7.75% over the forecast period to reach US$7.315 billion by 2027.
Prebiotics are nondigestible fibers found in the human digestive tract. Prebiotics serves as an important food source for the good bacteria found in the human gut. The future market for prebiotics is quite promising, as various food ingredient producers, food processors, and manufacturers continue to look for methods to capitalize on the rising demand for nutritional meals.
Prebiotics has a broad range of applications, including a sweeter taste without the use of sugar and textural benefits in the food and beverage industry. The use of prebiotics as ingredients in food would help cater to the rising demand for sugar-free food items. Manufacturers are capitalizing on the opportunity by meeting the global demand for prebiotics.
Rising consumer awareness of the health benefits of prebiotics, as well as increased consumption of fiber-rich foods, will drive demand for prebiotic ingredients during the forecast period. Furthermore, the rising prevalence of gastrointestinal disorders among the global population is compelling consumers to seek out food products made from nutrient-rich ingredients, which will also positively affect the market. Increasing sports and physical fitness activities in various parts of the world will drive demand for prebiotic ingredients in sports nutrition products and dietary supplements, boosting market growth throughout the analysis period.
However, since the ingredients are related to human health, the cost of research and development is high; thus, producers must follow strict and mandatory laws before launching the products on the market. These regulations and policies are having an effect on the product launch and delay, which is likely to be a restraint for the prebiotics market. The increased reliance of livestock owners on natural growth promoters (NGP) such as feed phytogenics for animal health and wellbeing due to their antiviral, antifungal, antioxidative, and antibacterial characteristics is expected to limit the usage of prebiotics. Increased per-capita meat consumption, as well as improvements in the synthesis of different forms of feed phytogenics such as essential oils, herbs and species, and oleoresins for usage in animal feed applications, may further stymie market demand.
The Asia Pacific is one of the major food and beverage markets, with the potential to develop in the global prebiotics industry. The large population in this region and native milk production, which are promoting the regional expansion and consumption of dairy products, are projected to drive up demand. Countries that produce a lot of milk and milk products, such as India, China, and Japan, are using prebiotics for textural benefits and creating sugar-free dairy products. Australian customers are also looking for food-based nutritional drugs that include prebiotics to assist in reducing obesity and other gut-related disorders. The increasing application of prebiotics in Asia-Pacific is expected to increase the prebiotics business globally.
Prebiotics can be found in over 1,400 different foods and drinks. Manufacturers in a number of end-use sectors are using prebiotic ingredients to make low-calorie meals, which is fuelling prebiotic ingredient growth. Galactooligosaccharides (GOS) and fructooligosaccharides (FOS) are frequently utilized in the food processing sector because they are pleasant to the digestive system. As a result, the Prebiotics Ingredients Market will expand over the projected period.
High manufacturing costs, a lack of awareness about the products, and overconsumption of mineral ingredients are some of the factors that are likely to impede market growth. When prebiotics are consumed in large quantities, they might cause temporary gastrointestinal issues such as increased gas and/or bloating.
The Covid19 pandemic has had an overall positive impact on the prebiotic market. According to studies, COVID-19 has increased demand for goods that can assist in enhancing immune health and digestion, as consumers feel these steps can help them from contracting the virus. COVID-19 is linked to a variety of health problems, including respiratory problems, cardiac diseases, pneumonia, and blood clots, to mention a few. Customers are clearly concerned. As worries about immunity and health persist, producers and retailers are adapting to meet these demands.
|Market size value in 2020||US$4.338 billion|
|Market size value in 2027||US$7.315 billion|
|Growth Rate||CAGR of 7.75% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Product Type, Distribution Channel, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Abbott, Tereos Group, Cargill, Incorporated, Danone S.A., Ingredion, Kerry Inc., Roquette, NEXIRA, Yakult Pharmaceutical Industry Co., Ltd., Triphase|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the prebiotics market size by 2027?
A1. The prebiotics market is expected to reach a total market size of US$7.315 billion in 2027.
Q2. What are the growth prospects for the prebiotics market?
A2. The global prebiotics market is expected to grow at a CAGR of 7.75% over the forecast period.
Q3. What is the size of the global prebiotics market?
A3. Prebiotics Market was valued at US$4.338 billion in 2020.
Q4. What factors are anticipated to drive the prebiotics market growth?
A4. Rising consumer awareness of the health benefits of prebiotics, as well as increased consumption of fibre-rich foods, will drive demand for prebiotic ingredients during the forecast period.
Q5. Which region holds the largest market share in the prebiotics market?
A5. The Asia Pacific is expected to hold the largest share of the prebiotics market.
Yakult Pharmaceutical Industry Co., Ltd.
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