NEWARK, Del, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The global prebiotic ingredient market value is estimated to reach US$ 7,215 million in 2024. It will likely register a CAGR of 6.7% during the assessment period, totaling a valuation of US$ 13,763 million by 2034.
Inulin remains the widely used prebiotic ingredient globally, and the trend will likely continue during the next ten years. This is attributable to the increasing usage of inulin in food & beverage products, dietary supplements, medicines, and nutraceuticals due to its potential health benefits.
The growing frequency of digestive disorders and diseases such as IBS, constipation, etc., is a prominent factor fueling sales of prebiotic ingredients. Similarly, rising emphasis on improving gut health and incorporation of prebiotic fibers into functional meals to meet consumer demand will likely propel prebiotic ingredient demand.
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The high range of applications of prebiotic ingredients extends even up to the cosmetic and personal use industry. Beauty brands are constructing products like sunscreens and lotions with prebiotic ingredients to enhance the microbiome of the skin. Hence, the expansion of the beauty industry is expected to propel the growth of the prebiotic ingredient market.
Companies are focussing on social media marketing to better position their products for more visibility to the consumers. Rising e-commerce penetration in different countries is likely to increase sales of prebiotic ingredients. This is because of easier product availability and accessibility.
Consumers can compare formulations by different brands to better meet their specific requirements and conditions. The brands must consider strict rules and regulations along with high intellectual property protection for products before launching a new product into the market.
Key Takeaways from the Report:
- The global market for prebiotic ingredients is projected to total US$ 13,763 million in 2034.
- Based on ingredients, the inulin segment is expected to account for a dominant revenue share in 2034.
- The United States market is predicted to expand at 10.5% CAGR from 2024 to 2034.
- China is set to witness a CAGR of 9.2% through 2034.
- Prebiotic ingredient demand in India will likely rise at 10.5% CAGR through 2034.
“Prebiotic Ingredients have widening applications from clinical nutrition to infant formulas and animal food. As a result, their sales are expected to rise significantly amid increasing demand for nutrient-dense foods. Key market players who bring newer formulations into the market with better specification and health benefits at competitive pricing will experience sales with an upward trajectory,” - Nandini Roy Choudhury, Client Partner at Future Market Insights
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Who is Winning?
Koninklijke FrieslandCampina N.V., Cargill, Tereos Group, Cosucra Groupe Warcoing SA, Jarrow Formulas, Inc., Roquette Frères S.A., Kerry Group plc., Ingredion Incorporated, Yakult Honsha Co., Ltd., Fonterra Co-operative Group Limited, Sensus America, Inc., BENEO GmbH, Nexira, and Prenexus Health are leading prebiotic ingredient manufacturers listed in the report.
Top players are constantly launching solutions as well as investing in research and development to explore novel applications. Several companies also employ strategies like advertisement, price reduction, celebrity endorsements, partnerships, mergers, and acquisitions to stay ahead of the competition.
For instance,
- In March 2023, a new prebiotic ingredient called FOSbeauty was introduced by Tereos Group for the personal care and cosmetics industry.
Global Prebiotic Ingredient Market Segmentation
- By Ingredients:
- Fructooligosaccharide
- Mannan-oligosaccharide
- Galacto-oligosaccharide
- Inulin
- Other Ingredients
By Application:
- Clinical Nutrition
- Dietary Ingredients
- Functional Food & Beverages
- Dairy Products
- Infant Formula
- Breakfast Cereal
- Meat Products
- Animal Nutrition
- Pet Food
- By Source:
- Vegetables
- Cereals
- Roots
- Other Sources
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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