Prebiotics Ingredients Market Expected to Reach USD 9,890 Million By 2026
According to the report, The global prebiotics ingredients market in 2019 was approximately USD 4,702 Million. The market is expected to grow at a CAGR of 11.2% and is anticipated to reach around USD 9,890 Million by 2026.
Growing nutritionally advantageous food demand would stimulate market growth. Bacteria used to treat neurological, digestive, and mental disorders are safe and commonly used prebiotics. According to digestive health experts, digestive cancer accounted for nearly 25 percent of all cancer-related deaths in the EU in 2017. In the same year, an overweight of about 55% of men and 45% of women aged 18 years or older is reported. Growing demand for food and drink supplements and a greater awareness of consumer safety make an important contribution to industry growth.
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The prebiotics ingredients market research report delivers an acute valuation and taxonomy of the prebiotics ingredients industry by practically splitting the market on the basis of different functionality, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the prebiotics ingredients industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the prebiotics ingredients industry is provided for the leading economies of the world.
The prebiotics ingredients market is segmented based on functionality and application. On the basis of application segmentation, the market is classified into food & beverages, agricultural, dietary supplements, animal feed, and pharmaceuticals. In terms of functionality segmentation, the market is bifurcated into cardiovascular health, gut health, immunity, bone health, and weight management.
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Major players operating in the prebiotics ingredients market are Dupont, Cargill, Ingredion, Frieslandcampina, Samyang Genex, Beneo, Beghin Meiji, Nexira, Yakult Pharmaceutical, Royal Cosun, Kerry Group, Fonterra, Prenexus Health, Taiyo International, AIDP, Thera-Plantes Inc., Novasep, Jennewein Biotechnologie GmbH and Tate & Lyle among others.
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