ID: MRFR/F-B & N/1361-CR | 108 Pages | Published By Harshita Gorade on August 2019
The global prebiotics market is projected to reach USD 8788.9 million by 2028, at a CAGR of 11.2% during the forecast period.
$8788.9 Million
11.2%
Europe
2021-2028
The global prebiotics market has witnessed continued growth over the last few years and is projected to reach USD 8788.9 million by 2028 at a CAGR of 11.2%. Prebiotics are fibers that the body cannot digest; they act as food for the microflora present in the gut. The market growth is mainly driven by the growing emphasis on the digestive health owing to the changing lifestyle. Increased demand for functional foods and dietary supplements across the globe has boosted the demand for prebiotics in the market. Moreover, the increasing scope of application of prebiotics across industries has opened new opportunities for prebiotic manufacturers. However, limited awareness regarding the benefits of prebiotics than probiotics is expected to restrain the growth of the market. The market is competitive in nature with key industry players adopting various strategies such as expansion, acquisition, and product launches to strengthen their market positions. Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations.
Market Dynamics
The growth of the global prebiotics industry is primarily driven by the increasing emphasis on improving digestive health, and surging demand for functional ingredients in food & beverages. Prebiotics are the non-digestible ingredients of the food that are high in fiber content. These ingredients serve as a food source for beneficial gut microflora or probiotics, support their growth, and help in enhancing gut health and functioning of the colon. Hectic daily schedules, long working hours, and sedentary lifestyles have impacted eating habits as well as food choices, resulting in an increased prevalence of various lifestyle-related conditions such as diabetes and obesity. A focus on improving overall health and preventive care has accelerated the demand for functional foods, including prebiotic products.
The trend for probiotics has witnessed a high growth as compared to other dietary supplements, especially prebiotics owing to the high promotional activities taken up by the probiotic vendors and the inclusion of various probiotic products in dietary plans by dieticians; this has increased awareness among the consumers regarding the availability and benefits of probiotic products. Therefore, a low degree of awareness and limited availability of prebiotic products have restrained the growth of the market as compared to probiotics.
Japan Prebiotics Market Value (USD Million), by Type, 2021 & 2028
Source: MRFR Analysis
Segmentation
The global prebiotics market is segmented into type, application, and region.
Based on type, the market has been segmented into inulin, fructo-oligosaccharides, galacto-oligosaccharides, and others. The inulin segment dominated the market in 2020 with a market share of more than 37%. Based on application, the market has been segregated into functional food & beverages, dietary supplements, and others. The functional food & beverages segment has been further segmented into dairy products, infant nutrition, beverages, breakfast cereals, and others. Dietary supplements segment is expected to register the highest CAGR of 10.0% during the forecast period 2021–2028.
Dietary Supplements Prebiotics Market Share (%), by Region, 2020
Sources: MRFR Analysis
Regional Analysis
Region-wise, the global prebiotics market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe dominated the global prebiotics market in 2020 and is expected to register a CAGR of 9.2% during the forecast period. Germany, France, and the UK are the major countries in the region exhibiting rising demand for prebiotics.
The Asia-Pacific prebiotics market is expected to be highly lucrative for market players operating in the prebiotics market due to the rapid growth of the food industry in this region. Moreover, market players are entering into the regional market at a high rate, which in turn is expected to boost the regional market growth.
Key Players
The prominent players in the global prebiotics market are Cargill, Incorporated (US), BENEO GmBH (Germany), Clasado Biosciences Ltd (UK), Roquette Frères SA (France), Cosucra Groupe Warcoing SA (Belgium), Royal FrieslandCampina NV (Netherlands), Kerry Group PLC (Ireland), Ingredion Incorporated (US), Tereos Starch & Sweeteners SAS (France), and EW Nutrition GmbH (Germany).
Market Segmentation
Global Prebiotics Market, by Type
Global Prebiotics Market, by Application
Global Prebiotics Market, by Region
Available Additional Customizations
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 8788.9 Million |
CAGR | 11.2% |
Base Year | 2020 |
Forecast Period | 2021-2028 |
Historical Data | 2019 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, Application, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Cargill Incorporated (US), BENEO GmBH (Germany), Clasado Biosciences Ltd (UK), Roquette Frères SA (France), Cosucra Groupe Warcoing SA (Belgium), Royal FrieslandCampina NV (Netherlands), Kerry Group PLC (Ireland), Ingredion Incorporated (US), Tereos Starch & Sweeteners SAS (France), and EW Nutrition GmbH (Germany) |
Key Market Opportunities | Widening Application Scope Of Prebiotics |
Key Market Drivers | Increasing Emphasis On Improving Digestive Health, Surging Demand For Functional Ingredients In Food & Beverages And Dietary Supplements |
Prebiotics market is projected to grow at approximately 11.2% CAGR during the assessment period (2021-2028).
Prebiotics market is estimated to reach a valuation of approx. USD 8788.9 million by the end of 2028.
Cargill, Incorporated (US), EW Nutrition GmbH (Germany), BENEO GmBH (Germany), Tereos Starch & Sweeteners SAS (France), Clasado Biosciences Ltd (UK), Ingredion Incorporated (US), Roquette Frères SA (France), Kerry Group PLC (Ireland), Royal FrieslandCampina NV (Netherlands), and Cosucra Groupe Warcoing SA (Belgium), are some of the top players in the global Prebiotics market.
Europe holds the largest share in the global prebiotics market, followed by Asia Pacific and North America, respectively.
Increasing emphasis on improving digestive health and surging demand for functional ingredients in food & beverages, are major tailwinds pushing the growth of the global Prebiotics market.