Prebiotics Market Demands, Trends and Business Outlook 2030

Prebiotics Industry Overview

The global prebiotics market size was valued at USD 6.05 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 14.9% from 2022 to 2030.

The growing use of prebiotics in the dairy industry due to its health benefits is projected to augment the demand over the forecast period. In addition, growing technological advancements in developing inulin and oligosaccharides are likely to replace sugar that is anticipated to drive the market over the forecast period. High demand for supplements along with the changing consumer perception regarding the health benefits of fibers is expected to promote growth over the next seven years.

Gather more insights about the market drivers, restrains and growth of the Global Prebiotics Market

U.S. prebiotics market size, by application, 2020 - 2030 (USD Million)

The growing occurrence of gastrointestinal tract diseases, such as constipation, Irritable Bowel Syndrome (IBS), Gastroesophageal Reflux Disease (GRD), and inflammatory bowel disease, have raised concerns regarding gut health, thereby projected to support the growth of the market over the estimated period. In addition, the rising cultivation and harvesting of prebiotic natural herbs are further projected to drive the market. The rising investment in research & development (R&D) by companies to develop new ingredients coupled with the growing acceptance among consumers to pay a premium price for food products that contain prebiotic ingredients has enabled manufacturers to drive the active health management programs.

This, in turn,will drive the market growth over the forecast period. Prebiotics have a wide variety of applications including texture enhancement and sweetening agents in the food and beverages industry. The growing concerns with respect to sugar diseases are expected to drive the product growth over the forecast period. In addition, the major prebiotic ingredients, such as inulin and Fructo-Oligosaccharide (FOS) have demand from products that require low-calorie sweetening taste, thus propelling the overall prebiotic sector growth over the forecast period.

Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.

  • Prebiotic Ingredient Market - The global prebiotic ingredient market size was valued at USD 6.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.7% from 2022 to 2028.
  • Dietary Supplements Market - The global dietary supplements market size was valued at USD 163,986.0 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.0% from 2023 to 2030.

Market Share Insights

  • March 2020: BENEO announced a major expansion for its chicory root manufacturing facility in Chile by 2022, which is being funded by an investment of over EUR 50 million.
  • October 2019: Ashland signed an agreement with Clasado Biosciences, a company that develops advanced GOS products for unique prebiotics, and provides solutions for pharmaceuticals and food & beverage worldwide.

Key Companies profiled:

Some prominent players in the global prebiotics market 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
  • Yakult Honsha Co., Ltd.

Order a free sample PDF of the Prebiotics Market Intelligence Study, published by Grand View Research.

Comments

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Automotive Semiconductor Market Share, Drivers And Restraints By 2028

LiDAR Market Historical Data & Forecasts 2030