Market Overview
The Global Prebiotic Ingredients Market was valued at USD 6.79 billion in 2021 and it is predicted to be worth around USD 20.79 billion by 2030, with a compound annual growth rate (CAGR) of 13.26% from 2022 to 2030.
Prebiotic ingredients are beneficial for inflammatory bowel disease, diarrhoea, treating colon cancer, calcium absorption, bone health, skin health, immunity, and maintaining obesity. , attracting scientific and industrial interest. Prebiotics are carbohydrates that are not digested by digestive enzymes or acids and promote the growth or activity of beneficial bacteria in the human gut. They help to reduce the inflammation in the skin, promoting overall digestive health, minimizing the risk of developing diarrhoea, increase the calcium intake to improve bone density, and reducing cardiovascular disease. FInulin, oligosaccharides, mannan-oligosaccharides (MOS), galacto-oligosaccharides (GOS), fructo-oligosaccharides (FOS), polydextrose, etc. are a diverse class of prebiotic compounds that are beneficial to human and animal health.
Furthermore, people are inclining toward more health-conscious eating habits. A factor driving the growth of the prebiotic ingredients industry is increasing consumer awareness about the health benefits of prebiotics. Increase the use of prebiotics in poultry diets to improve digestion, performance, immune system and overall animal productivity; versatility of prebiotic ingredients; ease of incorporation into a wide range of foods and beverages. Increased interest in health and increased demand for functional foods such as almonds, fruit juices and soybeans may boost business development. They are commonly used in drinks like kefir to help regulate the immune system and lower cholesterol. Proliferation and recognition of prebiotics as ingredients in dietary supplements.
Prebiotics have a variety of uses, including improving texture and sweetening in the food and beverage industry. Growing concerns about diabetes are expected to boost the growth of the product during the forecast period. In addition, key prebiotic ingredients such as inulin and fructo-oligosaccharides (FOS) are required for products requiring low-calorie sweetness, thus driving the growth of the overall prebiotic sector during the forecast period.
Type Insights
On the basis of type, the global market has been further categorized into FOS, Inulin, Galacto-oligosaccharides (GOS), Mannan-oligosaccharide (MOS), and others (Oligosaccharides, chicory fructans, HMO, XOS). The inulin ingredients segment dominated the global market in 2021. Increasing demand for inulin in beverages and baked goods is expected to play a major role in the growth of the segment during the forecast period. Global product demand for GOS is expected to grow at a significantHIS CAGR from 2022 to 2030.
Application Insights
On the basis of applications, the global market has been further segmented into food & beverages, dietary supplements, and animal feed. The food & beverage application segment dominated the market in 2021. Moreover, global demand for prebiotics in animal feed is also high in 2021 and will continue to increase as animal protein becomes more important and animal feed is enriched with bacteria that improve animal gut health. The nutritional supplement segment is estimated to register the fastest he CAGR in terms of volume during the forecast period.
Regional Insights
The Asia Pacific regional market is anticipated to register the fastest CAGR of 15.6% from 2022 to 2030. Prebiotic ingredients demand is driven by countries with large populations and growing food and beverage industries such as Japan, China, and India. In addition, the high consumption of dairy products in Asian countries supports the growth of the regional market. According to economic research, India's milk production in 2019-20 was 198.4 million tonnes, up 5.7% from 2018-19. According to the National Dairy Development Board (NDDB), Indian dairy demand is expected to reach 266.5 million tons by 2030.
Key Companies Insights
The market is fragmented with numerous companies involved in the extraction and processing of prebiotics from raw materials. Companies focus on building research and development facilities with technological advances in raw material extraction and refining combined with the introduction of new food manufacturing techniques. Both companies are stepping up their strategic expansion, mergers and acquisitions, and new product development activities. For example, in March 2020, BENEO announced that he would be significantly expanding its chicory root production facility in Chile by 2022. This requires him to invest more than 50 million euros. This expansion is driven by increasing demand for BENEO's inulin, oligofructose and chicory root fiber as consumer interest in digestive health continues to grow.
Moreover, in October 2019, Ashland signed a deal with Clasado Biosciences. Clasado Biosciences is a company that develops advanced GOS products for unique prebiotics and provides pharmaceutical and food and beverage solutions worldwide. Under the terms of the agreement, Ashland has the right to ship Bimuno prebiotics to the United States. The vast manufacturing base and industry presence of North American and European starch manufacturers such as ADM, Cargill Foods and Beneo are designed to meet the growing domestic market demand for their products.
Some of the prominent players operating in the global prebiotics ingredients market include:
· Abbott Laboratories
· BENEO GmbH
· Bright Food (Group) Corp. Ltd.
· Cargill Inc.
· Kraft Foods Group, Inc.
· Cosucra Groupe Warcoing SA
· The Kraft Heinz Company
· FrieslandCampina
· Jarrow Formulas, Inc.
· Parmalat S.p.A
· Roquette Frères
· Royal Cosun
· Yakult Honsha Co., Ltd.
· Other Players
Segments
By Type
· Fructo-oligosaccharide (FOS)
· Inulin
· Galacto-oligosaccharides (GOS)
· Mannan-oligosaccharide (MOS)
· Others (Oligosaccharides, Chicory Fructans, HMO, XOS)
By Source
· Roots
· Grains
· Vegetables
By Function
· Gut Health
· Bone Health
· Immunity
· Heart Health
· Weight Management
· Others
By Application
· Food & Beverages
o Dairy Products
o Cereals
o Baked Food
o Fermented Meat Products
o Dry Food Prebiotics
o Others
· Dietary Supplements
o Food Supplements
o Nutritional Supplements
o Specialty Nutrients
o Infant Foods
o Others
· Animal Nutrition
o Ruminant
o Poultry
o Swine
o Aquaculture
o Other
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
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