The global prebiotic ingredient market size was estimated at around USD 6.8 billion in 2021 and it is projected to hit around USD 13.8 billion by 2030, growing at a CAGR of 8.18% from 2022 to 2030.
The market is estimated to show significant growth during the forecast period, owing to the increasing consumption of the dairy products, the rising middle-class population, and the rising number of buyers of healthy food products. Moreover, growing awareness of health benefits among millennials and the preference of consumers toward prebiotic ingredients, are major factors that drive the market growth during the forecast period.
Consumer preference for the prebiotic ingredient is increasing due to rising health consciousness among people. Additionally surge in disposable income, an increase in health expenditure, and improvement in the living standard are also responsible for the market growth. Increasing investment in R&D by various players to develop new ingredients coupled with increasing demand for food products that contain prebiotic ingredients is likely to drive market growth during the forecast period. Also, age group and income level plays important role in determining the purchase of prebiotic ingredient. Moreover, rising technological advancements in developing oligosaccharides and inulin are likely to drive market growth during the assessment period.
Inulin contributed to the highest share of over 40.0% in the global market revenue in 2021 owing to its increasing demand for baked goods and drinks. Also increasing application of inulin in infant food is projected to propel segment growth during the assessment period. Increasing the application of inulin in various health products is likely to favor segment growth. Moreover, the increasing importance of low caloric sugar consumption in the food & beverages industry is also estimated to drive the industry demand.
The dietary supplements segment is estimated to register the fastest growth with a CAGR of 11.6% from 2022 to 2028. Rising consumer awareness regarding personal health is the major factor driving segment growth during the forecast period. Also, increasing the working population globally and changing lifestyles toward healthiness is responsible for the growth of this segment. R&D is an important success driver for dietary supplements.
North America made the largest contribution to the global market with over 50% share in 2021 due to the high demand for prebiotic ingredients in the U.S., and Canada. Also, the increasing purchasing power of the consumers in this region drives the market growth. North America presents striking opportunities for the consumer goods sector, the market is projected to show growth. Asia Pacific is expected to witness a CAGR of 11.5% from 2022 to 2028. It is estimated to witness growth due to the increasing demand for prebiotic ingredients in this region.
Scope of The Report
Report Coverage | Details |
Market Size in 2021 | USD 6.8 billion |
Revenue Forecast by 2030 | USD 13.8 billion |
Growth rate from 2022 to 2030 | CAGR of 8.18% |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Segmentation | Type, application, region |
Companies Covered | Beneo-Orafti SA; Tereos Group; Ingredion Inc.; Cargill Inc.; DowDuPont Inc; Royal FrieslandCampina N.V.; Kerry Group; Cosucra-groupe Warcoing SA; Sensus BV |
Type Insights
Inulin contributed to the highest share of over 40% in the global market revenue in 2021 owing to its increasing demand for baked goods and drinks. Also increasing application of inulin in infant food is projected to propel segment growth over the assessment period. Increasing the application of inulin in various health products is likely to favor segment growth. Moreover, the increasing importance of low caloric sugar consumption in the food & beverages industry is also estimated to drive the demand.
Oligosaccharide is expected to register the highest growth of a CAGR of 11.0% during the forecast period due to increasing demand. Rising demand for confectionery products, increasing disposable incomes, and changing lifestyles are other factors driving the growth of this segment. Technological advancement and increasing demand for oligosaccharides in the beverage industry are other driving factors for the growth of this segment.
Applications Insights
The food & beverage segment contributed to the highest share of more than 80% in the global prebiotic ingredient market revenue in 2021 owing to its increasing sales. Lifestyle changes, changing consumer food habits, and increasing demand for beverages are factors driving the growth of this segment. Also, the rising demand for special foods such as lactose-free foods is revving up the growth of this segment.
The dietary supplements segment is estimated to register the fastest growth with a CAGR of 11.6% from 2022 to 2028. Rising consumer awareness regarding personal health is the major factor driving segment growth during the forecast period. Also, due to increasing working population globally and changing lifestyles toward healthiness are further responsible for the growth of this segment. R&D is an important success driver for dietary supplements.
Regional Insights
North America made the largest contribution to the market with over 50% share in 2021 due to the high demand for prebiotic ingredients in the U.S., and Canada. Also, the increasing purchasing power of the consumers in this region drives market growth. North America presents striking opportunities for the consumer goods sector, the market is projected to show growth. Also, due to rising import demand, the market is estimated to show growth during the forecast period.
Asia Pacific is expected to witness a CAGR of 11.5% from 2022 to 2028. It is estimated to witness growth due to the increasing demand for prebiotic ingredients in this region. An increase in disposable income in countries like China, India, and others is also driving the segment growth in this region. In addition, increasing demand for dairy products due to the high population is also responsible for market growth during the forecast period.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Prebiotic Ingredient Market
5.1. COVID-19 Landscape: Prebiotic Ingredient Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Prebiotic Ingredient Market, By Type
8.1. Prebiotic Ingredient Market, by Type, 2022-2030
8.1.1. Inulin
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Oligosaccharide (MOS/GOS/FOS)
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Prebiotic Ingredient Market, By Applications
9.1. Prebiotic Ingredient Market, by Applications, 2022-2030
9.1.1. Food & Beverage
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Dietary Supplements
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Prebiotic Ingredient Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.2. Market Revenue and Forecast, by Applications (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.3.2. Market Revenue and Forecast, by Applications (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Applications (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.2. Market Revenue and Forecast, by Applications (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.3.2. Market Revenue and Forecast, by Applications (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Applications (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Applications (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Applications (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.2. Market Revenue and Forecast, by Applications (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.3.2. Market Revenue and Forecast, by Applications (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Applications (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Applications (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Applications (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.2. Market Revenue and Forecast, by Applications (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.3.2. Market Revenue and Forecast, by Applications (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Applications (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Applications (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Applications (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.2. Market Revenue and Forecast, by Applications (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.3.2. Market Revenue and Forecast, by Applications (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Applications (2017-2030)
Chapter 11. Company Profiles
11.1. Beneo-Orafti SA
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Tereos Group
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Ingredion Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Cargill Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. DowDuPont Inc
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Royal FrieslandCampina N.V.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Kerry Group
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Cosucra-groupe Warcoing SA
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Sensus BV
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms