Prebiotic Ingredients Market
Increasing health problems among the population is building the need for prebiotic ingredients in the market which has increased its application in various industries. Growing health-conscious population and increase in consumption of dietary supplements is boosting the growth of the prebiotic ingredients market Size.
Increasing awareness for health benefits of Prebiotic Ingredients Market Revenue in developing countries is supporting the growth of the market. Rising RD investment and technological advancements are having positive impact on the growth of the market. However, stringent government regulations may hamper the growth of the prebiotic ingredients market Size. Nevertheless, all these factors are projected to contribute to the estimated global Prebiotics Ingredients Market size share revenue is expected to grow from USD 4,702 Million in 2019 to reach USD 9,890 Million by 2026, at 11.2% annual CAGR during 2020-2026.
Tactical moves ensure growth for major companies. They often include mergers, acquisition, collaboration, new product launch, market expansion, and other methods. Major market influencers are banking on these strategies and especially on geographical expansion.
Major profiled in the global Prebiotic Ingredients Market are Cargill, Incorporated (U.S.), DuPont (U.S.), BENEO GmbH (Germany), Friesland Campina (The Netherlands), Ingredion Incorporated (U.S.), Nexira (France), Samyang Genex (Korea), and others.
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Geographical analysis of the prebiotic ingredients includes namely North America, Europe, Asia Pacific (APAC) and Rest-of-the-World (RoW).
Europe is spearheading the segment with a considerable amount of the revenue generated. The region has advanced research and development facilities which are proving beneficial in terms of discovering new products and launching them for use. At the same time, the region has recorded high inclination among the people towards functional food and beverages which resultantly, spurs the growth of bifidus prebiotic market Share.
North America is following the lead of Europe and is getting much traction from its people as they are getting aware of the prebiotics and have started consuming more. This growing consumption of dietary supplements in the U.S. is driving the prebiotic ingredients market Size ahead. The APAC is expected to grow with the fastest CAGR during the forecast period. Large population base in the region who are getting aware of the benefits of prebiotics can drive the prebiotics ingredients market further.
The global Prebiotic Ingredients Market Revenue is based on type, source, function, and application.
Type-wise, the prebiotic ingredients market Size can be segmented into oligosaccharides, inulin, polydextrose, and others. Inulin is leading the market, and the situation is going to remain the same during the forecast period.
Source-wise, the prebiotic ingredients market Share is segmented into roots, grains, vegetables, and others. Root segment is leading following the demand generated by plant root. However, the vegetable segment can register moderate growth during the same period.
Function-wise, the prebiotic ingredients market Size includes gut health, bone health, immunity, heart health, and weight management. Gut health is leading the segment. However, growing concerns regarding obesity are expected to assist weight management segment in attaining substantial hike during the forecast period.
Based on application, the Prebiotic Ingredients Market Revenue comprises bakery confectionery, dairy frozen desserts, dietary supplements, sweet savory snacks, oil fats, beverages, and others. Dietary supplement is the frontrunner. However, bakery confectionery can expect high growth rate so is the dairy beverage market during the forecast period.
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