The Prebiotic Ingredients Market is projected to reach USD 7.4 billion by 2023
Integration of Prebiotics in Various Food Applications and Its Multifunctional Nature Drive the Prebiotic Ingredients Market Growth
The prebiotic ingredients market is projected to reach USD 7.4 billion by 2023 from 4.1 billion in 2017, recording a CAGR of 10.4%. Key factors driving the prebiotic ingredients market include the increasing aging population and focus on preventive healthcare. Besides, the increase in mandates about food fortification by government organizations is projected to reflect positively on the market growth.
The oligosaccharides segment is projected to grow at the highest CAGR in the prebiotic ingredients market during the forecast period.
Oligosaccharides are the most common prebiotic ingredients used in pharmaceutical and nutraceuticals applications. Fructooligosaccharides (FOS), galactooligosaccharides (GOS), and mannan-oligosaccharides (MOS) are the main types of oligosaccharides that are used commercially. Increasing demand from industries such as animal nutrition, dairy, infant nutrition, and pharmaceutical for oligosaccharides for its cell recognition and cell binding function will make it the fastest-growing segment.
The dietary supplements segment is projected to witness the highest growth in the prebiotic ingredients market during the forecast period due to digestive and general health benefits.
The dietary supplement segment is projected to record the highest CAGR during the forecast period. Dietary supplements that contain prebiotic ingredients have many digestive and general health benefits such as the development of the balance of the gut microflora, improvement of intestinal functions such as bulking and regularity, increase in calcium absorption & improvement in bone density, enhancement of immune function, reduction in the release of toxins that can lead to fatty liver and other diseases, reduction in risk of cardiovascular diseases,
control of blood sugar, possible reduction of risk of obesity & metabolic syndromes, and improvement in abdominal pain, bloating, and constipation.
Europe is projected to account for the largest share in the prebiotic ingredients market during the forecast period.
The European market accounted for the largest share in 2017; it is majorly driven by the market in the UK, which is a major market for prebiotic ingredients. The EU ban on the usage of antibiotics as growth promoters in 2006 demanded the use of prebiotic ingredients in different feed additives, thus increasing the usage and leading to the largest market share of the region. Europeans are health-conscious and analyze ingredients used by companies. They are aware of healthy and functional ingredients and are looking for food products derived from natural sources. This high level of awareness has resulted in the demand for low-calorie and low-fat foods to be consumed in the region. There is a recent trend of “general wellbeing” in Europe. And this trend is one factor that is fueling the market for prebiotic ingredients as these ingredients are majorly used for general goodness of health.
