The Global Prebiotic Ingredients Market was valued at US$ 4.15 Bn in 2019 and is expected to reach US$ 9.20 Bn by 2026, at a CAGR of 10.46% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global Prebiotic Ingredients Market
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The objective of the report is to present a comprehensive assessment of the global prebiotic ingredients market and contains considerate insights, facts, historical data, industry-validated market data, and projections with an appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by material, type, end-user, and region and, projects the global market size.
The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global prebiotic ingredients market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Prebiotic ingredients have various digestive and general health benefits includes the balance of gut microflora, and development in related conditions like abdominal pain, bloating, and constipation. Increasing consumer interest in useful foods, the rapid advances in science & technology, upsurge in health care costs, aging, and development in interest in attaining wellness through diet are expected to drive the global prebiotic ingredients market. The growing awareness among consumers on the health benefits of unbearable prebiotics is driving the global prebiotic ingredients market growth. These prebiotic ingredients are used widely in digestive health products and deliver many benefits connected to immunity, weight management, and digestion.
High production costs owing to the extensive and well-controlled trials that are to be preserved for producing prebiotic ingredients is the major challenge to the global prebiotic ingredients market. Unstable factors such as global climatic conditions that upset the production of raw materials includes vegetables, roots, and grains act as a main restraint for the growth of the prebiotic ingredients market.
The human probiotics market is projected to grow at a rate of CAGR of nearly about 6.4% during the forecast period. These are extensively used in numerous food & beverages, inflamed meat items, and dairy & non-dairy products to increase immunity and improve digestive health. Growing disposable income along with growing consumer awareness towards health products are expected to dominate the industry growth.
Furthermore, animal feed is also expected to share substantial growth in the global prebiotic ingredients market. These products are highly used in swine, poultry, and ruminant nutrition as they sustenance intestinal morphology and gut balance through the production cycle. They also bid gastrointestinal relief and provisions the daily needs of cats and dogs to aid maintain their active lifestyle, which is expected to boost industry growth.
The food and beverages segment is expected to hold a significant share in the global prebiotic ingredients market. The growth in the market is attributed to the growth as consumers prefer balanced diets and food, which helps to take care of their appetite and also aids enhance their immunity. Product innovations in terms of flavors and different offerings are expected to present significant opportunities for the growth of applications in the global prebiotic ingredients market. The increasing population of health-conscious consumers who are ready to employ more on functional food products is a prominent factor boosting demand for prebiotic ingredients.
Asia Pacific is estimated to grow at a high rate of CAGR in the market during the forecast period. The growth can be attributed to the industrial growth and developments in the food industry, which opened new opportunities for the prebiotic ingredients market in this region. The presence of numerous end-user pharmaceutical companies of prebiotic ingredients designates high requirements for prebiotic ingredients in the Asia Pacific.
A high preference for functional food and beverages among the growing population of developing countries is a supportive factor for prebiotic ingredients market growth. Additionally, increasing demand for a natural ingredients-based healthy diet is consuming a positive influence on the prebiotic ingredients market in this region.
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Global Prebiotic Ingredients Market, by Type
• Oligosaccharides
o Mannan-Oligosaccharide
o Galacto-Oligosaccharide
o Fructo-Oligosaccharide
• Inulin
• Polydextrose
• Others
Global Prebiotic Ingredients Market, by Source
• Roots
• Vegetables
• Grains
• Others
Global Prebiotic Ingredients Market, by Ingredients
• Lactobacilli
• Bifid bacterium
• Streptococcus
• Bacillus
Global Prebiotic Ingredients Market, by Application
• Food and beverages
• Dairy products
• Cereals
• Baked food
• Fermented meat products
• Dry foods
• Others
Global Prebiotic Ingredients Market, by End-User
• Human
• Animal
Global Prebiotic Ingredients Market, by Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Prebiotic Ingredients Market
• Dupont
• Cargill
• Frieslandcampina
• Nexira
• FrieslandCampina
• Fonterra
• Kerry Group
• Ingredion Yakult Pharmaceutical
• Beghin Meiji
• Yakult
• Royal Cosun
• Samyang Genex
• Archer Daniels Midland Company
• Koninklijke DSM N.V.
• BASF SE
• Ingredion Incorporated
• Arla Foods
• Tate & Lyle
• Ajinomoto
• Kerry Group
• BENEO GmbH
• Chr. Hansen
• Kemin Industries
• Roquette Feres
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