The Prebiotic Ingredients Market is estimated at USD 6.3 billion in 2022; it is projected to grow at a CAGR of 11.7% to reach USD 10.9 billion by 2027.
The rise in the global population, wide use of prebiotics as nutraceutical ingredients, and increased awareness for prebiotics are key factors that are projected to drive the growth of the prebiotic ingredients market during the forecast period.
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Europe is projected to account for the largest share in the prebiotic market during the forecast period.
Europe dominated the market for prebiotic ingredients, with a value of USD 2,120.1 million in 2021. This growth is mainly due to the ban on antibiotic growth promoters imposed by the European Union back in 2006. Since then, prebiotics has been majorly used by feed manufacturers in additives for animal growth and nutrition. There are companies, such as FrieslandCampina (Netherland) and Nexira (France), which offer prebiotic ingredients for animal feed and human consumption purposes.
Europeans are health conscious and analyze ingredients used by companies carefully. They are aware of healthy and functional ingredients and are looking for food products derived from natural sources. This high level of awareness has resulted in the demand for low-calorie and low-fat foods to be consumed in the region.
Asia Pacific is projected to witness the highest market growth.
The Asia Pacific region is an emerging and the second-largest market for prebiotic ingredients after Europe. It is also projected to be the fastest-growing market with a CAGR of during the forecast period. The growth in this region is attributed to the rapid economic growth, which is driving the demand for quality food & beverage and feed, especially in China, India, Malaysia, Indonesia, Singapore, and South Korea, which, in turn, drives the demand for nutrition fortified or functional food products. Increasing disposable income of the large population in this region is also paving way for the growth of premium products such as prebiotics in Asia Pacific.
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The prebiotic ingredients market consists largely of globally established players such as Beneo (Germany), ADM (US), DuPont (US), Friesland Campina (Netherlands), Ingredion (US), Samyang Corp (South Korea), Beghin Meiji (France), Tate & Lyle PLC (UK), Yakult (Japan), Kerry PLC (Ireland), Fronterra Ltd. (New Zealand), Royal Cosun (Netherlands), Roquette Frères (France), and Cosucra Groupe Warcoing SA (Belgium). New product launches was the dominant strategy adopted by the key players, followed by expansions. These strategies have helped them to increase their presence in different regions and industrial segments.
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