Prebiotic Ingredient Market Size to Cross US$10 Bn Mark by 2026, a New Study Highlights Role of Healthy Drinks, and Plant-based Trend

June 2022

The global prebiotic ingredient market is driven by the burgeoning global demand for healthy beverages. Additionally, due to the growing consumer inclination for plant-based and natural products, food vendors are utilising natural ingredients in their products. This in turn is also creating revolutionary revenue opportunities for the prebiotic ingredient market. A recent report by Fairfield Market Research foresees 11.9% growth for the global prebiotic ingredient market. Furthermore, the report reveals that after registering a value of US$4.8 Bn in 2019, the market is anticipated to reach US$10.2 Bn in revenue by the end of 2026. The extensive study also delves into the emerging trends soaring the demand for prebiotic ingredients on a global scale.

Key market growth enablers include rising demand for functional foods, growing prevalence of digestive health issues, increased health consciousness among consumers, and a surge in the geriatric population. In this business scenario, several market players are fostering strategic collaboration with small and large manufacturers and performing product differentiation to remain competitive. In near future, the cumulative force of all these factors is projected to drive the global prebiotic ingredient market to sound maturity.

Key Trends Across Global Prebiotic Ingredient Market

• Food & Beverage to emerge as a prominent application segment, contributing a whopping $2637.1 Mn by 2026
  
  
• The growing prominence of diagnostics related to digestive health is fueling a significant demand for prebiotic ingredients
  
  
• Europe will reach a market valuation of US$1544.6 Mn by 2026, cementing its position as the most significant prebiotic ingredient market

Growing Inclination Towards Low-calorie Food and Beverages Creates Positive Market Dynamics

The consumption of low-calorie food and beverages has significantly risen in the past few years. This is majorly attributed to the growing health consciousness among consumers around the world. As a result of this, the demand for prebiotic compounds is rising as key ingredients in various food & beverage products. Prebiotic ingredients have numerous health advantages such as reduced inflammation, better digestion, improved immune function, and decreased risk of obesity. Additionally, the incidence of digestive health issues such as irritable bowel syndrome (IBS) and inflammatory bowel disease (IBD), are becoming increasingly common. Owing to this, the demand for prebiotic ingredients that improve gut health is further expected to boost. Moreover, the growing R&D spending in prebiotic extraction is also projected to propel the global prebiotic ingredient market growth.

Europe to Maintain Global Dominance Amid Continuous Launch of New Products

Europe is anticipated to emerge as a key player in the global prebiotic ingredient market during the study period. Over the recent years, the region has invested heavily in research and development that led to the development of a robust supply chain infrastructure for the production, distribution, and marketing of prebiotic ingredients. Additionally, Europe is at the forefront of technological advancements in processing and manufacturing technologies for prebiotic extraction. Other factors that are facilitating the market expansion include constant product launches and paced demand for healthy drinks. Considering these factors, Europe is expected to gain a competitive edge in the global prebiotic ingredient market.

Leading Market Players

Some of the prominent players in the global prebiotic ingredient market include Kerry Group plc, Koninklijke FrieslandCampina N.V., Ingredion Incorporated, Roquette Frères S.A., Cargill Inc, Yakult Honsha Co. Ltd., Fonterra Co-operative Group Limited, Cosucra Groupe Warcoing SA, Sensus America, Inc., BENEO GmbH, and Jarrow Formulas, Inc.