
The prebiotic ingredients market is expected to grow significantly in the coming years, according to a research report. The market is estimated to reach USD 10.9 billion by 2027, with a projected compound annual growth rate (CAGR) of 11.7% from 2022 to 2027. The growth of the market is driven by factors such as the global population increase, the widespread use of prebiotics as nutraceutical ingredients, and growing awareness of the benefits of prebiotics.
Europe is projected to hold the largest share in the prebiotic market during the forecast period. The region dominated the market in 2021, with a value of USD 2,120.1 million. The ban on antibiotic growth promoters imposed by the European Union in 2006 has led to the increased use of prebiotics as additives in animal feed by feed manufacturers. European consumers are health-conscious and pay close attention to the ingredients used in food products. They have a high level of awareness about healthy and functional ingredients, leading to a demand for low-calorie and low-fat foods derived from natural sources.
Asia Pacific is expected to witness the highest market growth rate. The region is the second-largest market for prebiotic ingredients after Europe and is projected to grow rapidly with a high CAGR during the forecast period. The economic growth in countries like China, India, Malaysia, Indonesia, Singapore, and South Korea is driving the demand for quality food, beverages, and feed, thereby increasing the demand for nutritionally fortified or functional food products. The rising disposable income of the large population in the region is also contributing to the growth of premium products, including prebiotics.
Key players in the prebiotic ingredients market include Beneo, ADM, DuPont, Friesland Campina, Ingredion, Samyang Corp, Beghin Meiji, Tate & Lyle PLC, Yakult, Kerry PLC, Fonterra Ltd., Royal Cosun, Roquette Frères, and Cosucra Groupe Warcoing SA. These players have adopted strategies such as new product launches and expansions to increase their presence in different regions and industrial segments.
Overall, the prebiotic ingredients market is expected to experience significant growth due to the increasing demand for functional and healthy food products, driven by factors such as population growth, awareness of the benefits of prebiotics, and economic development in various regions.