The scope of our recent study, titled “Prebiotic Ingredients Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Form, and Application,” includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with market share analysis.
The prebiotic ingredients market is expected to grow from US$ 1,758.40 million in 2021 to US$ 2,607.72 million by 2028; it is expected to grow at a CAGR of 5.8% from 2022 to 2028.
Prebiotics are compounds in food that induce the growth or activity of beneficial microorganisms such as bacteria and fungi. Fermentation is the main mechanism of action by which beneficial bacteria use prebiotics in the colon. Prebiotics play a significant role in preventive healthcare as the rising popularity of fiber-rich nutraceutical supplements among sports enthusiasts and athletes to build their stamina and endurance further boosts the demand for prebiotic ingredients. Thus, rising awareness regarding preventive healthcare is boosting the prebiotic ingredients market growth.
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Based on application, the prebiotic ingredients market is segmented into functional food & beverages, dietary supplements, animal feed, and others. The functional food & beverages segment held a significant market share in 2021; however, the dietary supplements segment is projected to register the highest CAGR during the forecast period. After the COVID 19 pandemic, consumers are seeking more prebiotic and probiotic supplements as there was an increase in health issues such as gastrointestinal disorders and respiratory infections among the population. In addition, consumers are looking for customizable dietary supplements to meet their unique nutrition and personal health goals. Hence, the consumption of prebiotic-based dietary supplements increased worldwide. The rising consumption of dietary supplements is boosting the demand for prebiotic ingredients. Hence, increasing the intake of dietary supplements fuels the prebiotic ingredients market growth.
Based on geography, the prebiotic ingredients market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). Asia Pacific accounted for the largest share of the market. The Asia Pacific prebiotics industry is rapidly advancing with the rising consumption of dietary supplements. In Asia Pacific, consumers are inclining toward adopting healthy and nutritious food items and beverages to improve gut health. Hence, the inclination towards adopting healthy food is driving the growth of the prebiotic ingredients market.
Impact of COVID-19 Pandemic on Prebiotic Ingredients Market
During the COVID-19 pandemic, disruptions in manufacturing, research and development activities, and raw material sourcing operations hampered the growth of the prebiotic ingredients market in the initial phase of the pandemic. However, due to the rising focus of consumers on health and wellness, the demand for dietary supplements increased dramatically. These favorable conditions allowed nts market players across the globe to ramp up their production volumes to overcome the demand and supply gaps.
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