Prebiotics Market to cross $24 billion by 2032, Says Global Market Insights Inc.

Selbyville, Delaware, March 06, 2024 (GLOBE NEWSWIRE) --

The prebiotics market valuation is anticipated to reach USD 24 billion by 2032, as reported in a research study by Global Market Insights Inc.

The market is experiencing robust growth, led by a surge in consumer awareness regarding the importance of gut health and the increasing demand for digestive health products. As per latest news, nearly 7 out of every 10 people in Urban India are facing gut health or digestive issues.

The market is influenced by advancements in food technology, enabling manufacturers to develop innovative products with enhanced taste, texture, and stability while incorporating prebiotic ingredients. This trend is particularly evident in the development of prebiotic-fortified snacks, dairy products, and beverages to cater to diverse consumer preferences and dietary needs. For instance, in March 2023, Goli® Nutrition Inc. ("Goli®"), the creators of the World's First Apple Cider Vinegar Gummy, announced entering the world of probiotics, introducing the World's First 3-in-1 Pre+Post+Probiotics Gummy.

Further, the rising emphasis on preventive healthcare, growing R&D activities in the field of gut microbiota, and the expanding application scope of prebiotics in various food & beverage products are shaping the market outlook.

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The prebiotics market from the oligosaccharides segment is predicted to witness substantial growth through 2032 as they offer several health benefits, including improved gut microbiota composition, enhanced immune function, and potential protection against certain diseases. Oligosaccharides have a wide range of applications in functional food and dietary supplements. With ongoing innovations and advancements in oligosaccharide-based products, this segment is expected to maintain its strong growth momentum in the foreseeable future.

The grains source segment is expected to record strong CAGR from 2023 to 2032, fueled by the increasing adoption of whole grains as a source of prebiotic fibers. Whole grains such as oats, barley, and wheat contain a rich array of prebiotic compounds that promote gut health and overall well-being. Moreover, the growing preference for natural and minimally processed ingredients among consumers has further propelled the demand for prebiotics sourced from grains. As manufacturers continue to explore product innovations, the grains source segment is poised for sustained expansion.

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Asia Pacific prebiotics market size will expand significantly till 2032, driven by a growing consumer base seeking functional food & beverage products. Rapid urbanization, changing dietary patterns, and increasing disposable incomes are some of the key factors fueling the demand for prebiotic-rich products in the region. Furthermore, government initiatives aimed at promoting health & wellness, along with a burgeoning middle-class population and rising health consciousness, Asia Pacific region presents ample opportunities for prebiotic manufacturers to expand their presence and capitalize on the burgeoning market potential.

Some notable names in the prebiotics market are Nexira, Sensus B.V., Jarrow Formulas Inc., Tate & Lyle Plc, Yakult Honsha Co. Ltd., Royal Cosun, Roquette Freres, Kerry Group plc, Ingredion Inc., FrieslandCampina Domo, Cargill Inc., and Beneo GmbH among others.

Partial chapters of report table of contents (TOC):

Chapter 1   Methodology & Scope1.1    Industry coverage1.2    Market scope & definition1.3    Base estimates & calculations1.3.1    Data collection1.4    Forecast parameters1.4.1    Data validation1.5    Data Sources1.5.1    Primary1.5.2    Secondary1.5.2.1   Paid sources1.5.2.2   Unpaid sourcesChapter 2   Executive Summary2.1    Prebiotics market 360º synopsis, 2018 – 20322.2    Type trends2.3    Source trends2.4    Functionality trends2.5    Application trends2.6    Regional trendsChapter 3   Prebiotics Market Insights3.1    Industry ecosystem analysis3.1.1    Raw material analysis3.1.2    Manufacturers3.1.3    Distribution channel analysis3.1.4    Profit margin analysis3.1.5    Effect of COVID-19 on industry value chain3.1.6    Vendor matrix3.2    Raw material analysis3.3    Technology landscape3.4    Regulatory landscape3.4.1    North America3.4.2    Europe3.4.3    APAC3.4.4    Latin America3.4.5    MEA3.5    Pricing analysis3.5.1    North America3.5.2    Europe3.5.3    Asia Pacific3.5.4    Latin America3.5.5    Middle East & Africa3.5.6    Cost structure analysis, 20223.6    Industry impact forces3.6.1    Growth drivers3.6.1.1   Increased Consumer Awareness3.6.1.2   Growing Demand for Natural Products3.6.1.3   Advancements in Research and Functional Benefits3.6.2    Industry pitfalls & challenges3.6.2.1   Regulatory Challenges3.6.2.2   Supply Chain Constraints3.7    Innovation & sustainability3.8    Growth potential analysis, 20223.9    Porters Analysis3.9.1    Industry rivalry3.9.2    Buyer power3.9.3    Supplier power3.9.4    Threat of new entrants3.9.5    Threat of substitutes3.10    PESTEL analysis3.11    Impact of COVID-19 on the prebiotic’s applications3.12    Impact of COVID-19 on world economy3.13    Impact of the Russia-Ukraine war on prebiotics market

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About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.