New York, Nov. 16, 2022 (GLOBE NEWSWIRE) — The Insight Partners has published the latest research study on “Prebiotic Ingredients Market to Forecast 2028 – Impact of COVID-19 and Global Analysis – by Type, Form, Application and geography”, the market is expected to grow from US$1,758.40 million in 2021 to US$2,607.72 million by 2028; it is expected to grow at a CAGR of 5.8% from 2022 to 2028. People’s busy work schedules and extended working hours have resulted in negligence towards their daily diet, health and fitness, leading to various health problems such as obesity, diabetes and digestive problems. problems. As a result, people are increasingly focusing on preventative health and prefer prebiotic-infused dietary supplements that provide increased health benefits without harmful effects. Thus, the factors mentioned above are driving the growth of the market.
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Scope and Strategic Outlook of the Prebiotic Ingredients Market Report:
|Market size Value in||US$1,758.40 million in 2021|
|Market Size Value by||$2,607.72 million by 2028|
|Rate of growth||CAGR of 5.8% from 2022 to 2028.|
|Year of reference||2022|
|Number of pages||160|
|Number of Tables||86|
|Number of graphs and figures||80|
|Historical data available||Yes|
|Segments Covered||Type, shape and application|
|Regional scope||North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America|
|Country scope||United States, Canada, Mexico, United Kingdom, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, United Arab Emirates, Saudi Arabia, South Africa, Brazil, Argentina|
|Report cover||Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends|
Prebiotic Ingredients Market: Competitive Landscape and Key Developments
A few prominent players operating in the prebiotic ingredients market are BENEO GmbH; COSUCRA; DuPont Nutrition & Biosciences; Clasado Ltd. ; Nexira; Ingredion Incorporated; SOLACTIS; Cargill, Incorporated.; Sensus; and Roquette Freres. These players are focusing on developing innovative products to meet changing consumer demands.
The Asia-Pacific prebiotic ingredients market is expected to register the highest CAGR during the forecast period. Awareness of health and nutrition has increased dramatically. Additionally, manufacturers of prebiotic ingredients are expanding their operations across Asia-Pacific due to the presence of potential customer base, cheap labor, and adequate manufacturing facilities. Bio-k+ (Kerry) and Beneo GmbH are actively operating in the region, driving the growth of the prebiotic ingredients market in Asia-Pacific.
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Growing popularity of plant-based food products
Over the past few years, awareness of environmental sustainability has increased dramatically. The number of people adopting a vegan lifestyle and a plant-based diet is constantly growing, which generates a demand for prebiotic fibers, as they are already present in plant-based products intended to replace plant-based diets. of animals or can be easily incorporated into them. Many prebiotic food products are suitable for vegans and people on other diets. According to the International Scientific Association for Probiotics and Prebiotics (ISAPP), inulin and oligofructose are the proven herbal prebiotics available in the market.
Manufacturers plan to introduce herbal products by including prebiotic ingredients. For example, during a recent webinar, the vice president of global innovation and nutrition at Kellogg said that gut health is the future of nutrition. Kellogg’s is focused on strengthening its immediate future by promoting its diverse line of plant fibers that nourish the human gut. These product innovations help companies expand their reach in domestic markets and gain a competitive advantage in international markets. Thus, plant-based foods are emerging as an important trend in the overall prebiotic ingredients market.
Impact of the COVID-19 Pandemic on the Prebiotic Ingredients Market
Supply chains have been completely disrupted due to national lockdowns and border restrictions decreed by various governments during the COVID-19 pandemic, which have affected the production and distribution of several products. However, the COVID-19 pandemic has had a short-term impact on the food industry. The prebiotic ingredients market has experienced the positive effects of this crisis. They are a key ingredient in dietary supplements as they confer multiple benefits, from improving digestive health to promoting gut health. Prebiotics are also known to boost the immune system via direct or indirect mechanisms; they increase the population of beneficial microbes or probiotics, especially lactic acid bacteria and bifidobacteria, in the gut. The growing focus on strengthening the immune system and wellbeing of the people has had a positive impact on the market growth during the COVID-19 pandemic.
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Prebiotic Ingredients Market: Segmental Overview
Based on Type, the prebiotic ingredients market is segmented into inulin, fructo-oligosaccharides (FOS), galacto-oligosaccharides (GOS), mannan-oligosaccharides (MOS) and others. The inulin segment accounted for the largest market share in 2021. In the United States, in 2018, the Food and Drug Administration approved inulin as a dietary fiber ingredient to improve the nutritional value of manufactured food products. Additionally, the growing demand for natural products is positively impacting the growth of the market across the globe. Additionally, manufacturers use it in processed foods and beverages, dietary supplements, and animal feeds to replace sugar, fats, and flour. Thus, the factors mentioned above are responsible for the growth of the segment.
On the basis of application, the prebiotic ingredients market is segmented into functional foods and beverages, dietary supplements, animal feeds, and others. The functional food and beverage segment accounted for the largest share in 2021. The demand for prebiotic-infused food and beverages has also increased significantly in recent years due to the increasing number of health-conscious people and the prevalence increasing digestive health problems. Prebiotics facilitate the growth of healthy gut bacteria. Therefore, manufacturers focus on adding it to functional foods such as baked goods, dairy products, and frozen desserts. Additionally, functional drinks such as vegetable/fruit juices contain prebiotic ingredients. Natural and synthesized prebiotics play a vital role in functional beverages. For example, Solactis – a manufacturer of prebiotics, provides galacto-oligofructose (GOF), which is widely applicable in the production of dairy products and yogurts as GOS promotes mineral balance. Therefore, the use of prebiotic ingredients in functional foods and beverages increases the demand for prebiotic ingredients.
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Cycle through adjacent reports:
Prebiotics in Animal Feed Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Product (Inulin, Mannan Oligosaccharides (MOS), Galacto Oligosaccharides (GOS), Fructo Oligosaccharide (FOS), Others); Form (Dry, Liquid); Livestock (poultry, cattle, pigs, aquaculture, others) and geography
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