Navigating Growth: Prebiotics Market Set to Surpass $6.6 Billion by 2029 Amid Rising Nutraceutical Demand


Posted August 16, 2024 by Harshal_J79

Prebiotics Market by Ingredient (Inulin, Fructo Oligosaccharides, Galacto Oligosaccharides, Mannan Oligosaccharides), Application (Food & Beverages {Dairy Products, Beverages, Infant Food Products}, Dietary Supplements) - Global Forecast to 2029
 
Meticulous Research®, a leading global market research company, has recently published a report titled “Prebiotics Market by Ingredient (Inulin, Fructo Oligosaccharides, Galacto Oligosaccharides, Mannan Oligosaccharides), Application (Food & Beverages {Dairy Products, Beverages, Infant Food Products}, Dietary Supplements), and Geography - Global Forecast to 2029.”

According to the report, the global prebiotics market is projected to reach $6.61 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2029. The market’s growth is being propelled by the increasing consumption of prebiotics, rising demand for nutraceuticals, and the growing preference for plant-based food ingredients. However, the market's growth is somewhat restrained by the lack of awareness regarding the health benefits of prebiotics. The expanding use of prebiotics in infant formulas and the increasing demand for natural, organic, and clean-label ingredients present significant growth opportunities for market players.

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The prebiotics market is segmented by ingredient, application, and geography:
• By Ingredient: The galacto-oligosaccharides segment is expected to witness the highest growth rate during the forecast period. This segment's rapid growth is largely due to its health benefits, such as alleviating constipation, preventing colon cancer, and promoting the growth of bifidobacteria. In the food and beverage industry, galacto-oligosaccharides are used in non-alcoholic beverages to enhance flavor and in bakery products to improve taste and texture due to their low-caloric value and moisture retention properties.

• By Application: In 2022, the food and beverages segment held the largest share of the global prebiotics market. This dominance is attributed to the rising demand for food fortified with prebiotic ingredients and increased health consciousness among consumers. The segment is also expected to achieve the highest growth rate during the forecast period, driven by consumers’ focus on a healthy lifestyle, increasing investments in product innovation within the food and beverage industry, and growing awareness of the health benefits of prebiotics.

• By Geography: Asia-Pacific led the global prebiotics market in 2022, thanks to increasing interest in digestive health ingredients, a focus on boosting immune health in infants, innovations in prebiotic formulations, a growing aging population, and heightened consumer awareness of the link between digestive health, immunity, and overall wellness. The region is also expected to record the highest growth rate during the forecast period.

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Key Players
The key players in the global prebiotics market include Archer-Daniels-Midland Company (U.S.), BENEO GmbH (Germany), Cargill, Incorporated (U.S.), Cosucra Groupe Warcoing SA (Belgium), Gobiotics BV (Netherlands), Ingredion Incorporated (U.S.), International Flavors & Fragrances Inc. (U.S.), Jarrow Formulas, Inc. (U.S.), Kerry Group plc (Ireland), Roquette Frères (France), Royal FrieslandCampina N.V. (Netherlands), Sensus B.V. (Netherlands), Tereos Group (France), and Yakult Honsha Co., Ltd. (Japan).

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Issued By Harshal
Country United States
Categories Business , Food , Nutrition
Tags prebiotics market , prebiotics market size , prebiotics market share , prebiotics market growth
Last Updated August 16, 2024