Prebiotics Market - Forecasts from 2024 to 2029

Prebiotics Market - Forecasts from 2024 to 2029

The prebiotics market is evaluated at US$5.326 billion for the year 2022 growing at a CAGR of 8.85% reaching the market size of US$9.643 billion by the year 2029.

Prebiotics are nondigestible fibers found in the human digestive tract. Prebiotics serve as an important food source for the good bacteria found in the human gut. The future market for prebiotics is quite promising, as various food ingredient producers, food processors, and manufacturers continue to look for methods to capitalize on the rising demand for nutritional meals.

Prebiotics have a broad range of applications, including a sweeter taste without the use of sugar and textural benefits in the food and beverage industry. The use of prebiotics as ingredients in food would help cater to the rising demand for sugar-free food items. Manufacturers are capitalizing on the opportunity by meeting the global demand for prebiotics.

MARKET TRENDS:

Rising consumer awareness of the health benefits of prebiotics, as well as increased consumption of fiber-rich foods, is predicted to drive demand for prebiotic ingredients during the forecast period. Furthermore, the rising prevalence of gastrointestinal disorders among the global population is compelling consumers to seek out food products made from nutrient-rich ingredients, which positively affects the market. Increasing sports and physical fitness activities in various parts of the world drives the demand for prebiotic ingredients in sports nutrition products and dietary supplements. This is boosting market growth throughout the analysis period.

MARKET DRIVERS:

Increasing awareness regarding the health benefits of prebiotics

Prebiotics can be found in over 1,400 different foods and drinks. Manufacturers in several end-user sectors are using prebiotic ingredients to make low-calorie meals, which is fuelling prebiotic ingredient growth. Galactooligosaccharides (GOS) and fructooligosaccharides (FOS) are frequently utilized in the food processing sector because they are good for the digestive system. As a result, the prebiotics market is expected to expand over the projected period.

MARKET RESTRAINTS:

Lack of awareness.

High manufacturing costs, a lack of awareness about the products, and overconsumption of mineral ingredients are some of the factors that are likely to impede market growth. When prebiotics are consumed in large quantities, they might cause temporary gastrointestinal issues such as increased gas and/or bloating.

The Asia Pacific prebiotics market is anticipated to grow significantly.

The Asia Pacific is one of the major food and beverage markets, with the potential to develop in the global prebiotics industry. The large population in this region and native milk production, which are promoting the regional expansion and consumption of dairy products, are projected to drive up demand. Countries that produce a lot of milk and milk products, such as India, China, and Japan, are using prebiotics for textural benefits and creating sugar-free dairy products. Australian customers are also looking for food-based nutritional drugs that include prebiotics to assist in reducing obesity and other gut-related disorders. The increasing application of prebiotics in Asia-Pacific is expected to increase the prebiotics business globally.

Key Developments:

In March 2023, the makers of the first apple cider vinegar gummy in history, Goli® Nutrition Inc. (Goli®), are expanding into the probiotic market with the launch of the first 3-in-1 pre+post+probiotic gummy.
In January 2022, at Fi Asia Indonesia 2022, FrieslandCampina Ingredients, a leader in the development of functional and healthful ingredients, introduced its recently created Biotis® GOS-OP High Purity to the Asia-Pacific market.

Segmentation:

By Product Type
Fructo-oligosaccharides (FOS)
Galacto-oligosaccharides (GOS)
Inulin
Others
By Distribution Channel
Online
Offline
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
UK
France
Germany
Italy
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
Japan
China
India
Thailand
Taiwan
Indonesia
Others