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

Over the course of the projected period, the food and beverage industry’s growing utilisation of prebiotic ingredients will propel market expansion. The market is growing as a result of shifting dietary preferences, changing lifestyles, and rising beverage consumption. Additionally, the industry is expanding due to the increased demand for specialty foods like lactose-free options.

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

Over the course of the projection period, the market for prebiotic ingredients will have plenty of chances due to consumers’ increased preference for plant-based foods. Due to consumer preference for natural and plant-based products, manufacturers across a range of industries are making an effort to include natural components into their products. Natural dietary fiber is one of the main sources of prebiotic substances. People are eating more prebiotic fibers as a result of growing awareness of the harmful effects of antibiotics and other chemicals included in processed foods. Therefore, the growing inclination towards plant-based goods portends favorably for the expansion of the market.

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.

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