- Rising demand for functional foods and dietary supplements is boosting the market growth worldwide.
- During the forecast period, the dietary supplements segment is expected to register the CAGR at 10.0%.
- The Asia Pacific region can be a lucrative market for prebiotics due to increasing economic growth.
Prebiotics are fibers that cannot be digested by the body. They act as food for the microflora (beneficial microbes) present in the stomach of humans as well as animals. A new report on the global prebiotics market, published by Market Research Future (MRFR), estimates that this market could watch expansion at 9.7% CAGR between 2019 and 2025. In terms of money value, the market can be worth $8,794.7 million by the end of the forecast period.
The most important market driving factor for the global Prebiotics Market growth is growing emphasis on digestive health due to changing lifestyle. Rising demand for functional foods and dietary supplements is boosting the market growth worldwide. The increasing scope of application of prebiotics is going beyond dietary supplements and spreading across different industries due to which, new opportunities are opening for prebiotic manufacturers.
Big players in the global Prebiotics Market include BENEO GmBH (Germany), Cargill Incorporated (USA), Clasado Biosciences Ltd (UK), Cosucra Groupe Warcoing SA (Belgium), EW Nutrition GmbH (Germany), Ingredion Incorporated (USA), Kerry Group PLC (Ireland), Roquette Frères SA (France), Royal FrieslandCampina NV (Netherlands), and Tereos Starch & Sweeteners SAS (France).
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The Global Prebiotics Market segmentation encompasses application and type. MRFR’s take on the market surveys various facets of the market in-depth.
The application-based segmentation of this market covers dietary supplements, functional food & beverages, and others. The functional food & beverages segment has been sub-segmented into beverages, breakfast cereals, dairy products, infant nutrition, and others.
During the forecast period, the dietary supplements segment is expected to register the CAGR at 10.0%. However, the functional food & beverages segment can earn the larger market revenue with dairy products occupying the largest market share among sub-segments as prebiotics are used in a wide range of dairy products that include cheese, ice cream, milk, yogurt, and others.
A geographical outlining of The Global Prebiotics Market covers Europe, North America, Asia Pacific, and Rest of the World (RoW).
During the forecast period, Europe can dominate the global market. Surging at 9.2% CAGR, European market holds 37% of the global market share. Important factors kicking the market growth include high density of population, increasing focus on preventive healthcare, presence of many key market players, greater awareness of health & and wellness among consumers, the high purchasing power of consumers, and increased demand for prebiotics among various end-use industries.
The most powerful country-specific markets in Europe are: France, Germany, Italy, Spain, and the UK.
The Asia Pacific region can be a lucrative market for prebiotics due to increasing economic growth and rapid growth of the food industry in this region. The entry of major international market players into the Asia Pacific market is also boosting the market growth.
The remarkable country-specific markets in this region are China, India, and Japan. In this report, Australia and New Zealand have been clubbed into one segment. An assay of the remaining countries in the Asia Pacific region featured in this report calculates huge doles of market revenue from some other countries.