Prebiotic Ingredient Market Share, Size, Trends, Industry Analysis Report, By Type; By Application (Animal Feed, Dietary Supplements, Infant Formula, Functional Food & Beverages, Pharmaceutical, Others; By Region; Segment Forecast, 2024 - 2032
- Published Date:Jan-2024
- Pages: 113
- Format: PDF
- Report ID: PM1087
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global prebiotic ingredient market size was valued at USD 8.06 billion in 2023. The market is anticipated to grow from USD 8.95 billion in 2024 to USD 20.74 billion by 2032, exhibiting the CAGR of 11.1% during the forecast period.
Increasing awareness, concerns among consumers, and preventive measures to facilitate healthy living are expected to boost the prebiotic ingredients market growth over the forecast period.
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Nations including China, the U.S, and Germany are foreseen to have an uptrend in the maturing populace over the projected time frame. Prebiotic ingredients help to fortify the immune systems in maturing individuals. This factor is assessed positively, impacting the prebiotic ingredients market over the forecast period.
The market research report offers an in-depth analysis of the industry to support informed decision-making. It offers a meticulous breakdown of various market niches and keeps readers updated on the latest industry developments. Along with tracking Prebiotic Ingredients Market on the basis of SWOT and Porter’s Five Forces models, the research report includes graphs, tables, charts, and other pictorial representations to help readers understand the key insights and important data easily.
Industry Dynamics
Growth Drivers
Health concerns and increased digestive problems caused by an unhealthy lifestyle significantly influence industry demand. Long working hours, a sedentary lifestyle, tobacco, deprived dietary habits, and alcohol usage are all examples of unhealthy lives. Consumers' unhealthy eating habits are projected to impact prebiotic ingredients industry growth throughout the forecast period positively.
Rising food production and technologically sophisticated infrastructure investment in emerging economies are expected to influence industry demand significantly. Not just in emerging economies but also internationally, the enormous use of prebiotic ingredients is well connected with promoting good health.
Organizations' research and development investments to upgrade viable products with an expansive application base are anticipated to offer significant growth opportunities for industry participants. For example, Thorne Research teamed up with EXOS, an organization associated with proactive wellbeing and product performance solutions, and launched EXOS nutrition, catering to the needs of consumers ranging from everyday adults to elite athletes.
Report Segmentation
The market is primarily segmented based on type, application, and region.
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By Type |
By Application |
By Region |
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Insight by Application
Increasing demand across the dairy products segment, fermented products, and healthy nourishment and beverages is anticipated to grow steadily for the following nine years. With growing demand, spore formers are expected to have an increased industry share in the near future, which on the other hand, can be attributed to robust demand and growing urbanization & industrialization.
Functional food & beverages emerged as the leading application segment in terms of revenue. Growing demand across the primary end-use industries such as food & beverage, food processing, and nutritional supplements, especially across developing regions, is expected to be a key driving factor for the growth of prebiotic ingredients.
The dietary supplements segment is expected to grow at the fastest CAGR over the forecast period, where prebiotic ingredients are used primarily in applications such as medical food, breakfast cereals, nutritional supplements, and frozen and dairy foods. The animal feed application segment is anticipated to gain a considerably high industry share in the near future. Increasing demand in several applications, including animal husbandry, and increased demand for raw & processed meat over the near future may be attributed to the high growth of the product segment.
Geographic Overview
North America dominated the global industry in 2021 and is expected to maintain its dominance throughout the forecast period. The growing popularity of the prebiotic’s ingredients and the surging aging population in the U.S. are anticipated to have a positive influence considering the regional demand.
The Asia Pacific prebiotic ingredients marketplace is quickly expanding as a result of increased healthcare knowledge and mindfulness regarding health conditions in critical areas such as China, India, and Japan. Furthermore, the high utilization of dairy goods in Asian nations contributes to expanding the regional industry.
The European prebiotic ingredients market is expected to witness considerable growth over the forecast period on account of the developing food industry in France, Italy, and Germany, which altogether is expected to surge the industry demand. Other nations that have shown significant growth over the period include U.K., Greece & Switzerland.
Competitive Insight
Major market players operating in the global prebiotic ingredients market include BENEO, Beghin Meiji, Cargill, Cosucra, DuPont, Fonterra Group Cookies Statemen, FrieslandCampina, Fonterra Ltd, Ingredion, Jarrow Formulas, Inc., Kerry PLC, Nexira SAS, Roquette Frères, Royal Cosun, Sensus America, Inc., Tate & Lyle PLC, Tereos Group, and Yakult.
To extend their client base and strengthen their market presence, these businesses increase their appearance throughout various regions and establish new marketplaces in developing countries. To meet the increased customer demand, the corporations also offer new innovative items to the market. For instance, in March 2020, BENEO, a significant maker of functional substances, has launched a considerable extension of its chicory root manufacturing plant in Chile by 2022, supported by a much more than 50 million Euro investment.
Prebiotic Ingredients Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 8.95 billion |
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Revenue forecast in 2032 |
USD 20.74 billion |
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CAGR |
11.1% from 2024 - 2032 |
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Base year |
2023 |
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Historical data |
2019 - 2022 |
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Forecast period |
2024 - 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 - 2032 |
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Segments covered |
By Type, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
BENEO, Beghin Meiji, Cargill, Cosucra, DuPont, Fonterra Group Cookies Statemen, FrieslandCampina, Fronterra Ltd, , Ingredion, Jarrow Formulas, Inc., Kerry PLC, Nexira SAS, Roquette Frères, Royal Cosun, Sensus America, Inc., Tate & Lyle PLC, Tereos Group, and Yakult. |
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