$6.61 Bn Prebiotics Markets

News provided by

19 Jul, 2023, 17:30 ET

Share this article

DUBLIN, July 19, 2023 /PRNewswire/ -- The "Prebiotics Market by Ingredient (Inulin, Fructo-oligosaccharides, Galacto-oligosaccharides, Mannan-oligosaccharides), Application (Food & Beverages {Dairy Products, Beverages, Infant Food Products}, Dietary Supplements), and Geography - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The global prebiotics market is poised for substantial growth, with a projected value of $6.61 billion by 2029 and a CAGR of 7.6% during the forecast period from 2022 to 2029.

This growth is primarily fueled by the increasing consumption of prebiotics, driven by the rising demand for nutraceuticals and the growing preference for plant-based food ingredients. However, the market faces challenges due to the lack of awareness regarding the health benefits of prebiotics.

Nevertheless, the market presents promising opportunities, especially in the use of prebiotics in infant formulas and the surging demand for natural, organic, and clean-label ingredients. Industry players are expected to capitalize on these trends to drive further growth in the prebiotics market.

Based on ingredient, the galacto-oligosaccharides segment is projected to register the highest CAGR during the forecast period.

The rapid growth of this segment is mainly driven by its health benefits, such as relieving symptoms of constipation, preventing colon cancer, and promoting the growth of bifidobacteria. In the food and beverage industry, it is used in non-alcoholic beverages to enhance taste and in bakery products to improve taste and texture due to its low calorific value and moisture retention properties.Based on application, in 2022, the food & beverages segment accounted for the largest share of the global prebiotics market.

The large market share of this segment is attributed to the rising demand for fortifying food with prebiotic ingredients and increasing health consciousness among consumers.

Moreover, this segment is projected to register the highest CAGR during the forecast period due to people's inclination towards a healthy and active lifestyle, increasing investments to innovate new products in the food & beverages industry, and awareness of health benefits.Asia-Pacific is slated to register the highest CAGR during the forecast period.

The growth of this market is driven by people's growing interest in digestive health ingredients, increasing focus on improving immune health in infants, innovations in prebiotic formulations, the growing aging population, and increased consumer awareness about the link between digestive health, immunity, and overall wellness.Key Questions Answered in the Report:

Market InsightsDrivers

Restraints

Opportunities

Trends

Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

Scope of the Report:Global Prebiotics Market Assessment - by Ingredient

Global Prebiotics Market Assessment - by Application

Global Prebiotics Market Assessment - by Geography

For more information about this report visit https://www.researchandmarkets.com/r/o89vaa

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:Research and MarketsLaura Wood, Senior Manager[email protected] For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets