The Prebiotic Fiber Market is poised for substantial growth, with expectations of reaching a market valuation of USD 6,676 million by the year 2023. This forecast is underpinned by a robust projected Compound Annual Growth Rate (CAGR) of 6.3% from 2023 through to 2033.
Prebiotic fiber, a type of dietary fiber that promotes the growth of beneficial gut bacteria, has gained considerable attention in recent years due to its potential health benefits. As consumer awareness of the importance of gut health continues to rise, demand for prebiotic fiber-infused products is on the upswing.
Factors driving the market’s growth include an increased focus on preventive healthcare, rising consumer interest in functional foods, and a growing understanding of the role of gut health in overall well-being. Manufacturers of food and dietary supplements are incorporating prebiotic fibers into their products to meet this rising demand.
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The study offers a detailed analysis of market dynamics including drivers, restraints, opportunities, and challenges, and also highlights their impact on the market in more than 20 countries across 7 regions. The report provides vital insights into the market and assists key players to identify potential segments.
Emergence of Grab-and-Go Trend to Open New Growth Avenues for the Prebiotic Fiber Market
Growing grab-and-go trend is making deeper inroads across the food and beverages industry, owing to the increasing busy lifestyle of the population worldwide. In addition, increasing single living and growing number of working women across the U.S., Japan, Germany, China, and India are creating tailwinds for the trend, which is in turn, propelling the demand for Prebiotic Fiber.
Citing this trend, numerous industry players are emphasizing on providing portable dining options to the customers by offering premade and packaged ready-to-eat foods, snacks, and beverages as an alternative to conventional dining.
They are also focusing on providing easy-to-carry and attractive packaging solutions for ready-to-eat foods to enhance convenience. This is expected to create lucrative opportunities for the growth in the Prebiotic Fiber market.
Key Prebiotic Fiber Market Takeaways and Projections
The U.S. is estimated account for the maximum share in North America market through 2033, owing to the increasing working population in the country.
Germany Prebiotic Fiber market is projected to register rapid growth, accounting for a significant share in Europe between 2023 and 2033.
China is forecast to dominate the East Asia market, projecting the fastest growth in the region for the assessment period.
India is expected to emerge as a highly attractive market in South Asia, accounting for the largest sales during the coming decade.
Based on segment anticipated to contribute maximum sales in the market, expanding at a robust CAGR over the forecast period.
Competitive Landscape Analysis
Future Market Insight’s latest study provides in-depth insights into the global Prebiotic Fiber market to assist management level decision-makers in construct a strategy to capitalize on the upcoming trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Prebiotic Fiber market.
Some of the prominent market players are profiled by FMI are 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 and Parmalat S.p.A., among others.
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Prebiotic Fiber Market: Demand Analysis by Segmentation
By Nature, the Prebiotic Fiber market is segmented into:
Organic
Conventional
By Product Type, the Prebiotic Fiber market is segmented into:
Galacto-Oligosaccharide
Fructo-Oligosaccharide
Mannan-Oligosaccharide
Inulin
Other
By Application, the Prebiotic Fiber market is segmented into:
Food and Beverages
Baked Foods
Dairy
Breakfast Snacks
Others
Animal Feed
Nutritional Supplements
Others
By Sales Channel, the Prebiotic Fiber market is segmented into:
Direct Sales
Indirect Sales
Supermarket/Hypermarket
Online Stores
Retail Stores
Region
North America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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