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Prebiotic Ingredients Market Analysis
The prebiotic ingredients market will touch USD 14.20297 billion at a 6.40% CAGR by 2030, as per the recent Market Research Future report.
Drivers
Increasing Adoption in Food & Beverage Industry to Boost Market Growth
The increasing adoption of prebiotic ingredients in the food and beverage industry will boost market growth over the forecast period. Increasing need for beverages, changing food habits, and lifestyle changes are fuelling market growth. Besides, the growing need for special foods like lactose-free foods is also favouring market growth.
Key Players
Eminent market players profiled in the global prebiotic ingredients market report include Cargill Incorporated (U.S.), Friesland Campina (The Netherlands), Samyang Genex (Korea), Nexira (France), DuPont (U.S.), Ingredion Incorporated (U.S.), and BENEO GmbH (Germany).
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Opportunities
Growing Preference of Plant-based Products to offer Robust Opportunities
The growing preference of plant-based products will offer robust opportunities for the prebiotic ingredients market over the forecast period. Manufacturers in various industries are attempting to include the natural components to their products as consumers prefer natural and plant-based products. The natural dietary fiber is a principal source of prebiotic compounds. With people becoming more aware regarding the negative impacts of antibiotics & other chemicals included in the processed foods, they are consuming more prebiotic fibers. Thus, the rising preference for the plant-based products is boding well for the market growth.
Restraints and Challenges
High Manufacturing Costs to act as Market Restraint
The high manufacturing costs, lack of product understanding, and strict regulations for labelling and registration of a new prebiotic ingredient may act as market restraints over the forecast period.
Besides, the COVID-19 impact may also impede the market growth over the forecast period.
Market Segmentation
The prebiotic ingredients market is bifurcated based on applications, functions, source, and type.
By type, inulin will lead the market over the forecast period.
By source, vegetables will domineer the market over the forecast period.
By functions, gut will spearhead the market over the forecast period.
By applications, beverages will spur the market over the forecast period.
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Regional Analysis
North America to Head Prebiotic Ingredients Market
North America will head the prebiotic ingredients market over the forecast period for consumers’ increasing awareness about its benefits. This has significantly introduced several new products across various end-user industries. Thus, the market has experienced acceleration in growth. The prebiotics are utilized in several food formulations especially dairy products for encouraging the growth of probiotics & improve nutritional value.
APAC to Have Admirable Growth in Prebiotic Ingredients Market
The APAC region will have admirable growth in the prebiotic ingredients market in the assessment period chiefly on account of the surge in demand for the prebiotic ingredients within this region. A rise in disposable income especially in countries such as India, China, and others is also favoring market growth in this region. Besides, the growing need for dairy products owing to high population is also fuelling market growth.
Related Reports
Bioactive Ingredients Market Research Report Information by Ingredient Type (Probiotic, Prebiotic & Amino Acid, Omega 3 Fatty Acid, Phytoextract, Carotenoids and others), by Source (Plant, Animal and Microbial), by Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, Animal Feed and others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast 2030
Proteases Market Research Report by Type (Trypsin, Renin, Pepsin, Papain and Alkaline Protease), Form (Liquid and Powder), Application (Bakery & Confectionery, Beverages, Dairy & Frozen Desserts and Animal Feed) and Region – Forecast till 2030
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