The global prebiotics market is expected to reach a CAGR of 9.3%
Newark, NJ, May 26, 2022 (GLOBE NEWSWIRE) — According to the report published by Fior Markets, the global prebiotics market is expected to grow from USD 4.37 billion in 2019 to USD 8.90 billion by 2027, with a CAGR by 9.3% during the forecast period 2020-2027. Europe holds the largest market share. Growing health awareness has led to increased use of prebiotics in the food and beverage industry. Moreover, ever-increasing product modifications are responsible for the growth of the market. However, Asia-Pacific is expected to grow at a significant rate. The increase in chronic diseases has prompted consumers to opt for nutrient-dense dishes. Countries like Japan, India, and China are major market shareholders due to the large population and increasing use of prebiotic-rich foods.
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The major players in the prebiotics market are GTC Nutrition, Weetabix, Yakult Honsha Co. Ltd., Beneo-Orafti SA, Cargill Inc., Kraft Foods Inc., Clasado Ltd., Sensus, Cosucra Groupe Warcoing SA, Jarrow, Royal Cosun, Parmalat SpA, Stonyfield Farm, Roquette America Solvay Pharmaceuticals SA, Beghin Meiji, FrieslandCampina Domo and others. The companies are focused on developing new, innovative prebiotic products that will aid in weight reduction, fat control, and calorie reduction to increase capacity.
The Ingredients segment includes galacto-oligosaccharides (GOS), fructo-oligosaccharides (FOS), insulin, mannan-oligosaccharides (MOS) and others. Insulin is the main sub-segment. Insulin helps stimulate the growth of gut bacteria and provides benefits for digestive issues and diabetes. It is highly adaptable in functional foods. It is mainly used in beverages and baked goods to make them safe for consumption. Apart from that, it is widely used in many functional foods. The distribution channel segment includes online and offline. The offline segment currently holds a considerable market share. Retail stores, supermarkets, hypermarkets, etc. offer a wide variety of options to choose from and also ensure customer satisfaction. Apart from this, they also maintain the values of the customers which is why majority of the consumers prefer to shop from nearby stores. However, the online segment is expected to grow at a significant rate over the forecasted years owing to the growth of the e-commerce industry. The application segment includes food and beverages, animal feeds and dietary supplements. Food and beverages further include cereals, dairy products, baked goods, fermented meat, and dry foods. Dietary supplements include nutritional supplements, dietary supplements and infant formulas. Of these, food and beverages is the dominant segment. Prebiotics improve the texture, taste and nutritional value of food products. The presence of healthy bacteria and fungi in foods and beverages is valued by health-conscious consumers. Additionally, the growing preference for energy drinks and dietary supplements is fueling the market demand for prebiotic-based products in the food and beverage segment.
Prebiotics help reduce digestive issues and boost the immune system. Growing health awareness and increasing demand for nutrient rich foods among the youth population is expected to accelerate the growth of the market. Additionally, the growing problem of obesity has increased the market demand for probiotic-rich foods in recent years. Prebiotics are increasingly used in fruits, vegetables, baked goods, cereals, etc. to ensure better intestinal health.
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About the report:
The global prebiotics market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to obtain key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, analysis of distribution and marketing channels.
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