(I-BusinessNews.Com, November 12, 2021 ) Prebiotics Ingredients market size is forecast to reach $9.4 billion by 2026, growing at a CAGR of 8.7% during the forecast period 2021-2026. 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. The market is being driven by rising consumer awareness of prebiotics' health advantages and increased usage of prebiotics in the animal feed industry to promote digestion and the immune system. The multipurpose nature of prebiotic substances and the simplicity with which they can be included into a variety of foods and beverages is set to further enhance the overall market developments of the Prebiotics Ingredients Market for the period 2021-2026.
Prebiotics Ingredients Market Segment Analysis – By Type
Inulin segment held the largest share in the Prebiotics Ingredients Market in 2020 and is estimated to grow at a CAGR 8.0% during the forecast period 2021-2026. This is owing to the easy availability from natural sources like garlic, bananas, and wheat, as well as the capacity to promote the growth of probiotics in the body, which aid in the battle against chronic diseases, cholesterol control, and general digestion. 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. Thus, making it the fastest-growing segment. Fructooligosaccharide (FOS) is estimated to register the higher CAGR over the period 2021-2026.
Prebiotics Ingredients Market Segment Analysis – By End Use Industry
Food & beverage segment held the largest share in the Prebiotics Ingredients Market in 2020 and is estimated to grow at a CAGR 9.1% during the forecast period 2021-2026. This is owing to an increase in consumer spending on goods that improve intestinal health. As consumers become increasingly aware of the need of protein consumption in maintaining adequate nutritional levels and muscle mass, market demand for these goods is growing. The increased importance of animal proteins and fortification of animal feed with bacteria that improve animal gut health is likely to boost prebiotics demand in the animal feed sector during the forecast period 2021-2026.
Prebiotics Ingredients Market Segment Analysis – By Geography
Asia Pacific dominated the Prebiotics Ingredients Market with a major share of 34.3% in 2020. 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. However, Europe is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing demand of fortifying food with prebiotic ingredients among the population and rising demand from food & beverage and animal feed industry. Increasing awareness regarding the prebiotic l ingredients is also increasing the growth of the market in this region.
Prebiotic substances are found in over 1,400 foods and beverages. Prebiotic ingredients are being used by manufacturers in a variety of end-use industries to create low-calorie foods, which is fueling prebiotic ingredient growth. The market for prebiotic ingredients is expected to develop, mostly in American and European countries owing to rising demand for healthy foods containing prebiotic ingredients. In the food processing industry, galacto-oligosaccharides (GOS) and fructo-oligosaccharides (FOS) are widely used because they are easy on the digestive system. Thus, increasing the growth of the Prebiotics Ingredients Market during the forecast period 2021-2026.
Rising preference of plant based products
Manufacturers in numerous industries are attempting to include natural components into their products since consumers prefer plant-based and natural products. Natural dietary fiber is the principal source of prebiotic compounds. As people become more aware of the negative effects of antibiotics and other chemicals included in processed foods, they consume more prebiotics fibers. As a result, the growing preference for plant-based products is expected to have a favorable impact on the prebiotics market. Prebiotic fibre compounds that are heat and pH stable. The multiple advantages of prebiotics have increased their demand in the end-use industry, which is projected to fuel the prebiotics market’s growth. Thus, increasing the growth of the Prebiotics Ingredients Market during the forecast period 2021-2026.
Prebiotics Ingredients Market Challenges
High production costs and Lack of Awareness Regarding the Products and Overconsumption of Mineral IngredientsSome of the reasons that are expected to stymie the expansion of the prebiotic ingredients market are the extensive and well-controlled experiments that must be conducted in order to manufacture prebiotic components.
Prebiotics Ingredients Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Prebiotics Ingredients Market. In 2020, the Prebiotics Ingredients Market share is fragmented by the top ten players present in the market. The Prebiotics Ingredients Market, top 10 companies are Cargill Inc., DuPont, Fonterra, BENEO, Ingredion, Nexira, Beghin Maji, Friesland Campina, Yakult Pharmaceuticals among others.
Asia Pacific dominated the Prebiotics Ingredients Market in 2020 owing to the increasing consumer awareness and aging demographics. The Prebiotics Ingredients market scope for different regions will be provided in the final report.
Increasing usage of dietary supplements and increasing consumer inclination towards healthy diets are likely to aid the market growth of the Prebiotics Ingredients Market report.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Prebiotics Ingredients Market report.
High production costs, as a result of the long and well-controlled trials that must be conducted in order to produce prebiotic components, are expected to be a barrier for the Prebiotics Ingredients Market.
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