Prebiotic Ingredients Market Competitive Landscape: Analysis of Key Players, Market Share, and Strategies

 


Industry Analysis

Prebiotic ingredients market will project a CAGR of 9.26% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, growing awareness about the multifunctional nature of prebiotic ingredients, rising consumer consciousness towards high quality and nutritional food items, surging consumption of dietary supplements and increasing personal disposable income are the major factors attributable to the growth of prebiotic ingredients market.


Market Insights and Scope

Prebiotic ingredients are non-digestible food substances that are consumed by the people to develop healthy bacteria in the gut. Therefore, prebiotic ingredients improve the gut health and fill in the need for essential vitamins in the body.

Surging organic food and beverage consumption, increasing popularity of food fortification and rising globalization are the major factors fostering the growth of the market. Changing and evolving lifestyle, growth in the expenditure for research and development proficiencies especially in the developing economies and rise in demand for nutraceuticals owing to the growing awareness about the benefits of prebiotics are other important factors acting as market growth determinants. Rising cases of allergy and diseases, surging intake of high-fibre functional food and prebiotics, growing penetration of e-commerce platforms especially in the developing economies and rising health awareness will further induce growth in the market value.


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