Market Size of Africa Prebiotic Ingredients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Prebiotic Ingredients Market Analysis
The Middle East & Africa prebiotic ingredients market is forecasted to register a CAGR of 6.1%, during the forecast period, 2020 - 2025.
- The market is majorly driven by the widespread awareness regarding bacteria due to the increasing gut health concerns, geriatric population, and efficacy of probiotic products in providing health benefits that are expected to complement the growth of the prebiotics market in food and beverages and dietary supplements industries. Furthermore, the rising awareness regarding the advantages of prebiotic ingredients in livestock has created an opportunity for prebiotic industries in the animal feed sector.
- Moreover, the positive impact of enhanced marketing and promotional strategies by the leading players has further propelled the growth of the prebiotic ingredients market in the region.