Prebiotic Fiber Market Growth Outlook Through 2024-2033

Overview and Scope
Prebiotic fiber refers to a type of dietary fiber that provides essential nutrition for beneficial gut bacteria, stimulating their growth and functionality. These fibers, unlike other types of fiber, are specifically fermented by probiotic bacteria in the colon, resulting in the synthesis of short-chain fatty acids (SCFAs) and other metabolites that promote digestive health and overall well-being.

Sizing and Forecast
The prebiotic fiber market size has grown rapidly in recent years. It will grow from $6.51 billion in 2023 to $7.23 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to increasing awareness about the importance of gut health, growing consumer interest in natural and functional foods, expansion of the aging population, rising demand for low-calorie and sugar-free food alternatives, and growing popularity of plant-based diets.

The prebiotic fiber market size is expected to see rapid growth in the next few years. It will grow to $11.06 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to growth of the functional food and beverage industry, rising prevalence of digestive health disorders, growing emphasis on preventive healthcare and wellness, increasing investment in product development, growing consumer interest in personalized nutrition. Major trends in the forecast period include prebiotic fiber supplements, personalized nutrition, cosmetic products, fermented foods, baby food products, and prebiotic fiber-enriched beverages.

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Segmentation & Regional Insights
The prebiotic fiber market covered in this report is segmented –

1) By Type: Inulin, Mannan-Oligosaccharide, Fructo-Oligosaccharide, Galacto-Oligosaccharide
2) By Nature: Organic, Conventional
3) By Application: Food And Beverages, Baked Foods, Dairy, Breakfast Snacks, Animal Feed, Nutritional Supplements, Other Applications
4) By Sales Channel: Direct Sales, Indirect Sales, Supermarket, Online Stores, Retail Stores

Asia-Pacific was the largest region in the prebiotic fiber market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the prebiotic fiber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing popularity of plant-based diets is expected to propel the growth of the prebiotic fiber market going forward. Plant-based diets involve eating primarily or fully plant-derived foods, such as fruits, vegetables, grains, nuts, seeds, and legumes, while limiting or eliminating animal products. The growing popularity of plant-based diets can be attributed to increasing awareness of their health benefits, ethical considerations regarding animal welfare, and concerns about environmental sustainability. Prebiotic fiber plays an essential role in providing nutrition for beneficial gut bacteria, supporting digestive health, and enhancing the absorption of nutrients from plant-based foods, thereby complementing the nutritional profile of these diets. For instance, in April 2023, according to a report published by The Plant-Based Foods Association, a US-based trade association representing the plant-based food industry, plant-based foods accounted for $8 billion in U.S. retail sales in 2022, representing an increase of approximately 6.67% from $7.5 billion in 2021. Therefore, the growing popularity of plant-based diets is driving the growth of the prebiotic fiber market.

Key Industry Players

Major companies operating in the prebiotic fiber market report are Cargill Incorporated; The Archer-Daniels-Midland Company; Abbott Laboratories; GSK plc; The Kraft Heinz Company; Royal FrieslandCampina N.V.; Kerry Group plc; Ingredion Incorporated; Tereos SA; Parmalat S.p.A.; Dupont Nutrition & Health; Yakult Honsha Co. Ltd.; Tate & Lyle plc; Samyang Foods; NOW Health Group Inc.; BENEO GmbH; Nexira; Galam Ltd.; Jarrow Formulas Inc; Cosucra Groupe Warcoing SA; Sensus; Attune Foods LLC; KeVita Inc.; GTC Nutrition; Jackson GI Medical

The prebiotic fiber market report table of contents includes:

1. Executive Summary
2. Prebiotic Fiber Market Characteristics
3. Prebiotic Fiber Market Trends And Strategies
4. Prebiotic Fiber Market – Macro Economic Scenario
5. Global Prebiotic Fiber Market Size and Growth
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31. Prebiotic Fiber Market Other Major And Innovative Companies
32. Global Prebiotic Fiber Market Competitive Benchmarking
33. Global Prebiotic Fiber Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Prebiotic Fiber Market
35. Prebiotic Fiber Market Future Outlook and Potential Analysis
36.Appendix

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