Global Prebiotics Ingredients Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Prebiotics Ingredients Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Prebiotics are carbohydrates that are not digested by digestive enzymes or acids and help beneficial bacteria grow or function better in the human stomach. They aid in the improvement of gut barrier function, the strengthening of the immune system, the reduction of stomach inflammation, the improvement of overall digestive health, and the reduction of the risk of diarrhea, increases calcium absorption to promote bone density and reduces cardiovascular disease risk factors. Prebiotic ingredients are the non-digestible food ingredients used in the gut to increase populations of healthy bacteria, aid digestion, and enhance the production of valuable vitamins. Inulin, fructo-oligosaccharide (FoS), galacto-oligosaccharide (GoS), and polydextrose, resistant dextrin, isomalt oligosaccharide among others are various types of prebiotics ingredients beneficial for human and animal health.

Market Overview:

The latest research study on the global Prebiotics Ingredients market finds that the global Prebiotics Ingredients market reached a value of USD 2641.02 million in 2022. It’s expected that the market will achieve USD 4114.03 million by 2028, exhibiting a CAGR of 7.67% during the forecast period.

Upstream and downstream interactions will lead to disruption of business

The epidemic will have a short-term impact on Prebiotics Ingredients industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. The COVID-19 outbreak has resulted in the closing down of several manufacturing facilities across the globe. The coronavirus lockdown put a brake on the production of several key raw materials in the global market, which, in turn, spiked the prices and lowered the demand for the product. The strict lockdown mandates imposed by governments have restricted cross-border trade between countries, another factor proving to be detrimental for the Prebiotics Ingredients market share. In addition, Prebiotics Ingredients manufacturers are drawing up plans for the international market as a new supply link in the global Prebiotics Ingredients industry, as companies look to re-engineer supply chains in the aftermath of COVID-19.

Affect the normal operation of the industry

The impact of COVID-19 on the Prebiotics Ingredient industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.

Regional drivers

In terms of the region, Europe dominates the market. Increasing demand for fortifying food with prebiotic ingredients is expected to increase the market expansion of prebiotic ingredients in Europe. Inulin is widely utilized in the food processing sector, as it is a good and healthy substitute for fat and sugar. A rise in concerns about diabetes and obesity across the region will further encourage demand for prebiotic-based fortified food and beverages. Asia Pacific is the emerging and growing market of Prebiotics Ingredients Market. This is attributed to the increasing government initiatives to enhance consumer knowledge towards new innovations in the field of prebiotic ingredients, and increasing focus on the research & development to adopt prebiotics ingredients in dietary formulations that offers health benefits. The market in this region is growing due to rising customer interest in a healthy diet and an increase in the number of applications in the food and beverage industry.

Stiff competition

The Prebiotics Ingredient market is highly competitive owing to a large number of manufacturers present globally. Despite steady sales, the market for Prebiotics Ingredient has failed to achieve its full potential owing to competitive pricing strategies applied by regional players. With major manufacturers and suppliers in the Prebiotics Ingredient industry competing at globally, the intensity of competition within the Prebiotics Ingredient industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established Prebiotics Ingredient manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry

Region Overview:

In 2022, the share of the Prebiotics Ingredients market in Europe stood at 35.91%.

Company Overview:

Tate & Lyle is one of the major players operating in the Prebiotics Ingredients market, holding a share of 9.21% in 2023.

Tate & Lyle

Tate & Lyle is a global provider of ingredients and solutions for the food, beverage and industrial markets, operating for over 160 years. Tate & Lyle PLC is a British-headquartered, global supplier of food and beverage ingredients to industrial markets. It was originally a sugar refining business, but from the 1970s it began to diversify, eventually divesting its sugar business in 2010. It specialises in turning raw materials such as corn and tapioca into ingredients that add taste, texture, and nutrients to food and beverages.

Frieslandcampina

FrieslandCampina supplies consumer products, such as milk, yogurt, cheese, infant nutrition and desserts, products for the professional market, such as cream and butter products, ingredients and semi-finished products for producers of infant nutrition, the food industry and the pharmaceutical sector. FrieslandCampina Ingredients develops, produces, and sells functional and nutritional ingredients.

Segmentation Overview:

By type, Galacto-oligosaccharides segment accounted for the largest share of market in 2022.

Inulin

Inulin is a starchy substance found in a wide variety of fruits, vegetables, and herbs, including wheat, onions, bananas, leeks, artichokes, and asparagus. This ingredient provides various advantages for diabetic patients and people suffering from digestive problems, which has driven market development. The increasing need for inulin in drinks and baked goods is expected to play an important role in promoting market development over the predicted period. The increasing need for manufacturing synbiotics and growing applications in infant foods are estimated to increase product demand over the projected timeframe.

Fructo-oligosaccharides

Fructooligosaccharide (FOS), a type of oligosaccharide, is a sweet, non-digestible water-soluble dietary fibre that is commonly used as a sweetener. Being used as a sugar replacer it has a wide range of applications in the food industry, especially in bakery and confectionery. The growing application of fructo-oligosaccharide (FOS) in dietary fibers and its ability to prevent gastro-intestinal diseases is expected to boost the market demand over the forecast period.

Galacto-oligosaccharides

Galacto-oligosaccharides (GOS) are non-digestible carbohydrates produced from lactose, the sugar naturally found in milk. Galacto-oligosaccharides have been found to support gut health in adults and infants.

Application Overview:

The market's largest segment by application is the segment Food & Beverages, with a market share of 71.25% in 2022.

Key Companies in the global Prebiotics Ingredients market covered in Chapter 3:

Nexira
Bailong Chuangyuan
Matsutani Chemical Industry Co., Ltd.
Tate & Lyle
Frieslandcampina
Roquette
Cosucra Groupe Warcoing
Cargill
Beghin Meiji
Ingredion
Dupont
Beneo
Archer daniels midland
Baolingbao Biology Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Prebiotics Ingredients market from 2018 to 2029 is primarily split into:

Inulin
Fructo-oligosaccharides
Galacto-oligosaccharides
Other ingredients

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Prebiotics Ingredients market from 2018 to 2029 covers:

Food & Beverages
Animal Feed
Dietary Supplements
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)