Market Size of Prebiotic Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.56 % |
| Fastest Growing Market | South America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Prebiotic Ingredients Market Analysis
The prebiotic ingredients market was valued at USD 5270.11 million in 2020, and it is projected to reach a CAGR of 9.56% during the period 2021-2026.
- The COVID-19 pandemic has led to a shift in the diet behavior of consumers, with 56% of European consumers associating prebiotics with immune health, as 70% of immune cells are found in the gut. Moreover, companies like Kellogg's are expanding their gut-health portfolios with the launches of new prebiotic cereals to improve gut health, paying the way for more prebiotic ingredient growth post-COVID-19.
- Consumers have become increasingly aware of the importance of prebiotics in maintaining a healthy digestive system and prefer a diet with increased fiber intake, thus, driving the digestive health ingredients market, with bakery and cereal products expected to witness high demand.
- Moreover, the increasing demand for FOS in infant nutrition is the major factor driving the market, mainly in Europe and the United States. The major regulations across the world have accepted the utilization of oligosaccharides or FOS in infant formula. For instance, infant food formulas containing GOS or FOS are heavily marketed in the United States.
