The global Prebiotic Fiber market is expected to reach a market valuation of USD 6,676 million by 2023, recording a CAGR of 6.3% from 2023 to 2033.
The market for prebiotic supplements is extremely lucrative for producers of functional foods. Businesses have recently invested significant funds in isolating various prebiotic strains and putting the nutritional and medicinal value in capsules and powders.
The market for prebiotic fibers has changed significantly as a result of the growing popularity of prebiotic fibers or prebiotic dietary fiber supplementation. Clinical investigations on dietary fibers that involved both humans and animals have confirmed various conclusive health advantages and disease-preventive effects of prebiotics, particularly on digestive health.
| Attribute | Details |
|---|---|
| Prebiotic Fiber Market Size (2023E) | USD 6,676 million |
| Prebiotic Fiber Market Projected Size (2033F) | USD 10,902 million |
| Value CAGR (2023 to 2033) | 6.3% |
| Top 3 Countries Marketing Share | 72.2% |
Prebiotics are fibers that are mostly present in whole foods like onion, garlic, asparagus, and other similar items. These fibers serve as an essential natural food source for the good bacteria that live in the human gut. Prebiotic fiber is an indigestible food component that aids in promoting the growth of good bacteria in the human gut, which is advantageous to the host.
By modifying the human colonic microbiota, prebiotic dietary fibers have demonstrated positive benefits on gut microbiota. Fructooligosaccharides (FOS), galactooligosaccharides (GOS), and inulin are a few of the well-established prebiotics.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Prebiotic Fiber.
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| Market Statistics | Details |
|---|---|
| Jan–Jun (H1), 2021 (A) | 6.0% |
| Jul–Dec (H2), 2021 (A) | 6.1% |
| Jan–Jun (H1),2022 Projected (P) | 6.5% |
| Jan–Jun (H1),2022 Outlook (O) | 6.3% |
| Jul–Dec (H2), 2022 Projected (P) | 5.7% |
| Jul–Dec (H2), 2022 Outlook (O) | 5.9% |
| Jan–Jun (H1), 2023 Projected (P) | 5.7% |
Prebiotic fiber aids in gut health improvement, inflammation reduction, and the promotion of a healthy digestive tract. Moreover, it can strengthen the immune system, lower cholesterol, and control blood sugar levels. Prebiotic fiber can also aid in lowering the risk of developing certain illnesses, such as colon cancer.
Due to its numerous uses in dairy products, breakfast cereals, health drinks, nutrition bars, beverages, bakery products, mineral supplements, meat products, weight loss products, infant food, green foods, and pet food, the demand for prebiotics fiber is rapidly increasing within the functional food market.
Furthermore, as the dairy market continues to expand and is a multi-billion dollar industry, the increasing use of prebiotics in dairy products is a profitable market for producers.
Although developing nations have a sizable portion of their populations migrating into the geriatric population group, developed nations have the highest rates of the oldest people. This population is supported financially more solidly than earlier generations, and state backing for medicine is also more robust than ever.
Since this generation is also better informed than previous ones, it chooses medication that is better for the body, especially in developed markets. But, in addition to probiotic fiber supplements, doctors advise this age group to avoid taking large doses of chemical-based medications.
In 2021, the prebiotics fiber market in North America represented a sizeable portion of global revenue. Adoption of healthy eating practices and an increase in the number of gyms and exercise facilities in the United States and Canada are factors that are increasing consumer demand for prebiotic dietary supplements, which is propelling market revenue growth.
Also, rising R&D expenditures for new product development and the expanding necessity of employing prebiotics in weight management are propelling market revenue growth.
Due to the rising awareness of digestive health, Asia Pacific will continue to be the market with the highest projected CAGR growth in terms of volume. The economies of Japan, India, and China are anticipated to contribute the most to this increase.
Due to rising demand for dairy products, the main industry for which prebiotic fiber is used, this market has been expanding recently. Prebiotic fiber producers are concentrating on product development with a range of end uses since they are aware of consumer demand and market potential. The newest items have been introduced in the infant formula and dairy products categories over the past three years.
Prebiotic fiber is used in both food, beverages, and medications, and its popularity in Europe is expected to increase due to increased health awareness and an older population, as prebiotics help with digestion and regular bowel movements. 228 new products with labels referencing inulin, oligofructose, or chicory root fiber were introduced onto the European bread market in the previous year.
The aging population's rising acceptance of these supplements as well as the rising prevalence of lifestyle problems are driving the European market for dietary supplements. To help patients overcome health issues, healthcare practitioners in the region advise them to take dietary supplements that contain prebiotic components.
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Over the forecast period, the galacto-oligosaccharide segment is anticipated to record the highest CAGR. Galacto-oligosaccharide consumption is on the rise as a result of its numerous health benefits, including the reduction of constipation symptoms, the prevention of colon cancer, and the enhancement of bifidobacteria. Moreover, due to its low calorific content, it is used in non-alcoholic beverages and bakeries to enhance the flavor and texture of baked goods. These are the elements that fuel the market's desire for prebiotics.
The prebiotics fiber market is anticipated to be dominated by the food and beverage segment. The significant market share of this sector is mostly attributable to consumers' rising health consciousness and the expanding demand for prebiotic food fortification components. The demand for the food and beverage market is also anticipated to increase as a result of a healthy and active lifestyle and rising investments in the development of new products in the food and beverage sector.
Prebiotics Fiber market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Nature, Product Type, Application, Sales Channel and Region |
| Key Companies Profiled |
Benefiber; Prebiotin; Now Foods; Cargill; Sensus; Kraft Foods Inc.; Yakult Honsha Co. Ltd.; KeVita; Maveron; Evolve Biosystems; Attune Foods; Indiebio; BioGaia; Solvay Pharmaceuticals SA; Roquette America, Inc.; FrieslandCampina Domo; Cosucra Groupe Warcoing SA; GTC Nutrition; Parmalat S.p.A. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Prebiotic Fiber Market is valued at USD 6,676 million for 2023.
The Prebiotic Fiber Market valuation is expected to be USD 10,902 million in the year 2023.
The value of CAGR for the Prebiotic Fiber Market is estimated to be 6.3%.
The Galacto-Oligosaccharide segment would garner a significant market value share by 2023.
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Prebiotic Fiber Market
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