Prebiotic Ingredient Industry Overview
The global prebiotic ingredient market size was valued at USD 6.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.7% from 2022 to 2028.
The increasing use of prebiotics in dairy and cosmetic products owing to its health benefits is impelling the market growth. Moreover, increasing awareness of nutritional values, growing middle-class population, and rising cultivation and harvesting of prebiotic natural herbs are facilitating business demand. Increasing investment in R&D by various players to develop new ingredients coupled with rising demand for a food product that contains prebiotic ingredients is likely to drive market growth during the forecast period. Also, age group and income level play important role in determining the purchase of prebiotic ingredients. Moreover, rising technological advancements in developing oligosaccharides and inulin are likely to drive market growth during the assessment period.
Gather more insights about the market drivers, restrains and growth of the Global Prebiotic Ingredient Market
Owing to the rise in health consciousness, the consumer preference for the prebiotic ingredient is increasing. Further, improvement in living standards, an increase in health expenditure, and a surge in disposable income will boost market growth during the forecast period. Also, due to the increasing working population, there is rising demand for quality and nutritional food. Hence market is projected to showcase noteworthy growth. Moreover, growing concerns for a healthier lifestyle is increasing the demand for prebiotic ingredient. Also increasing trend for healthier food and growing consumption of food with prebiotic ingredients leads to its increasing demand. Hence, the market is estimated to show growth during the assessment period.
The COVID-19 pandemic has also affected the market in various regions. As lockdown was imposed, the supply chain was disturbed in many regions. Various businesses and industries were closed down adversely affected the market. This pandemic has also impacted logistics suppliers and farmworkers. Moreover, after lockdown relaxation and lift of travel ban across western countries in the last quarter of 2020 helped the market to surge back again and start the supply chain of products normally. Also declining cases of COVID-19 are estimated to raise the economy in various regions and the market growth.
Browse through Grand View Research’s Nutraceuticals & Functional Foods Industry Research Reports.
- Banana Flour Market – The global banana flour market size was estimated at USD 751.7 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028.
- Prebiotics Market – The global prebiotics market size was valued at USD 6.05 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 14.9% from 2022 to 2030.
Key Companies profiled:
Some prominent players in the global prebiotic ingredient market include
- Beneo-Orafti SA
- Tereos Group
- Ingredion Inc.
- Cargill Inc.
- DowDuPont Inc
- Royal FrieslandCampina NV
- Kerry Group
- Cosucra-groupe Warcoing SA
- Sensus BV
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