Surging Demand for Functional Ingredients in Food & Beverages is Projected to Propel the Growth of the Global Prebiotics Market During the Forecast Period

November 2022, Market Research Future has published a Report on the Global Prebiotics Market

Prebiotics Market Highlights

The prebiotics market is predicted to register a CAGR of 11.2% during the 2021 to 2028 forecast period. A market research report predicts a USD 8788.9 million valuation of the market by 2028. The growth is anticipated to be supported by the increasing disposable income. Based on the report, the increased demand for functional foods and dietary supplements will drive growth in the market in the coming years till 2028. However, concerns regarding side effects will negatively affect the prebiotics market’s growth. The fluctuating prices of raw materials is anticipated to be another factor which could turn out to be a threat to companies during 2021 to 2028. The market report based on primary and secondary data reveals that type and applications segments will witness a healthy growth till 2028. While the increasing scope of application of prebiotics will support the market during the forecast period and the rising demand from a large number of manufacturers will also help the market globally, the growth could be affected by the low demand from developing countries which could hinder business activities. Slow economic growth across developing countries is also expected to be responsible for stalled market growth till 2028.

Market Segmentation

The prebiotics market is categorized into smaller segments such as type and applications in order to analyze the market. The type and applications segments are then categorized further. The applications segment is categorized into fructo-oligosaccharides, galacto-oligosaccharides, inulin, and others. Analysts have studied these sub segments. Based on type, the global market is further segmented into functional food & beverages (beverages, breakfast cereals, dairy products, infant nutrition, others), dietary supplements, others. Based on the study of these segments, analysts have shared market forecasts.

The presence of many untapped opportunities across the market will drive growth in the market during the forecast period 2021 to 2028. Across all the segments including type and applications, the global market for prebiotics will witness a healthy growth. However, factors such as the weak supply chain could become a threat to the market’s growth. Economic activities surrounding the prebiotics sector will also get benefitted from the increasing demand from various industry verticals. Businesses across prebiotics have been thoroughly studied and analyzed by prebiotics industry’s expert researchers. Findings have been published in the prebiotics market research report with forecasts till 2028.

Regional Overview

The prebiotics market, apart from the product and service related segments, is spread across the world. The regional markets of prebiotics covered in the report are North America, Europe, Asia-Pacific, the Middle East and Africa as well as the rest of the world. The growing demand for innovative products is set to be a key growth factor for businesses active in the prebiotics space. The market across North America is segmented into the United States, Mexico, Canada, and others. Regional markets in the prebiotics sector across the European market are segmented into Germany, Italy, the United Kingdom, and France. The market in the APAC region is segmented into India, China, Japan, and others. Prebiotics based businesses across the world will be supported by the increasing emphasis on improving digestive health during the forecast period 2021 to 2028. However, the growth could be hindered by the increasing preferences for cheaper alternative solutions. The market is also segmented into the Middle East and Africa regions among others.

Competitive Landscape

Prebiotics based companies have been studied and profiled in the market research report. The prebiotics market along with its segments and key players has been studied. Prebiotics business analysis is done to identify competitors and their strategies. The global prebiotics market research report covers core values, strengths and other key factors about prebiotics related companies. competitors to help comprehend their mission, vision, core values, niche market, strengths, and weaknesses. The growing awareness is set to help the market during the forecast period 2021 to 2028. The market is anticipated to reach a higher valuation of USD 8788.9 million with a CAGR of 11.2%. However, the growing demand for alternatives will prove to be affecting the prebiotics market growth. In 2020, Europe led the global prebiotics industry, which is projected to develop at a 11.2% CAGR over the forecast period. The main countries in the area with increasing demand for prebiotics are Germany, France, and the United Kingdom.

Industry News

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