January 31, 2023

The global prebiotics market size is anticipated to flourish owing to its increasing applications in the food & beverages sector, observes Fortune Business Insights™ in an upcoming report, titled, “Prebiotics Market Size, Share & Industry Analysis, By Product Type (Inulin, Fructo-oligosaccharides (Fos), Galacto-oligosaccharides (Gos), Others), By Applications (Food and Beverage, Pharmaceutical, Animal Feed) Others and Regional Forecast, 2022-2029.”. Prebiotics offers textural benefits and acts as a natural sweetener in food products. The increasing demand for sugar-free food products will further drive their applications in the food and beverages sector.

The emergence of COVID-19 has brought the world to a standstill. The crisis has brought an unprecedented impact on Industries across the globe. While some industries are thriving in the current scenario, some are struggling to even run their operations. Stimulus packages from governments and support from several companies are being utilized to overcome the adversities. At Fortune Business Insights™, we are offering a clear view of key areas that are helping the market survive this period of crisis.

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Highlights of the Report:

This report incorporates an in-depth analysis of the overall growth prospects in the market. Furthermore, it provides insights into the comprehensive competitive landscape of the global market. A dashboard overview of leading companies, including their marketing strategies, market contribution, and recent developments is presented in both historic and present contexts.

Drivers & Restraints-

Increasing Demand for Functional Food to Drive Growth

The rapidly increasing functional food market is enhancing the demand for prebiotics as the same is utilized in making numerous products including dairy products, health drinks, mineral supplements, and breakfast cereals. Its increasing applications in the food and beverages industry is projected to drive the growth of the global prebiotics market. In addition, rising awareness among consumers regarding the importance of nutrition and health-promoting food is estimated to further enhance the growth. For instance, according to the World Health Organization (WHO), proper nutrition in people breaks the cycle of hunger and poverty, making them healthy and productive, while malnutrition leads to diseases and a high risk of early deaths.

Major Segments includes:

By Product Type

  • Inulin
  • Fructo-oligosaccharides (Fos)
  • Galacto-oligosaccharides (Gos)
  • Others

By Applications

  • Food and beverage
  • Pharmaceutical
  • Animal Feed

Regional Insights-

Increasing Production of Milk Products to Help Asia Pacific Dominate

Asia Pacific is estimated to dominate the global prebiotics market owing to the high rate of milk production in the region. This is primarily due to the high population in the region. For instance, according to the Food and Agriculture Organization of the United Nations (FAO), Asia Pacific is estimated to experience a high demand for milk, reaching nearly 320 million tonnes by 2021. In addition, Increasing utilization of prebiotics in Australia and other countries for developing nutrition-related drugs is projected to further strengthen their demand.

The market in North America is set to grow significantly during the forecast timeframe. Increasing usage of probiotics for manufacturing animal feeds to reduce the risk of cattle transmissible diseases is estimated to strengthen their growth in the region.

Competitive Landscape-

Intensive Research and Development to Aid Key Players to Attain High Efficacy

Key manufacturers operating in the global prebiotics market are spending extensively on research and development on the efficacy of their product. As the products developed using prebiotics are related to human health, they are enforced with stringent regulations before launching in the market. In addition, they are focusing on identifying new applications of prebiotics in the food and beverages industry. This will help them expand their product line.

Industry Developments-

  • In November 2018,Kellogg Company launched a new cereal under the brand name Hi! Happy Inside. The company has segmented the same as a digestive product boosting gut health by including prebiotics and probiotics as ingredients.
  • In April 2019,HUM Nutrition Inc. announced the launch of Skin Heroes, the company’s first prebiotic and probiotic, especially designed to improve acne-prone and dry skin.

A List of Key Manufacturers Operating In the Prebiotics Market Report:

  • Jarrow Formulas, Inc. (U.S.)
  • Cargill, Incorporated (U.S.)
  • GTC Nutrition LLC (U.S.)
  • Clasado Ltd. (UK)
  • Kraft Foods Group, Inc (U.S.)
  • Cosucra Group Warcoing SA (Belgium)
  • Stonyfield Farm Inc. (U.S.)
  • Nexira Inc. (U.S)
  • BENEO-Orafti SA (Belgium)
  • Beghin Meiji (France)
  • Roquette America, Inc (U.S.)
  • Others

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