According to a market report by Lucintel, the future of prebiotics in the global food additive market looks promising with opportunities in the bakery & confectionery, beverage, convenience food, dairy & frozen dessert, and spice, condiment, sauce & dressing applications. The global food additive market in terms of prebiotics is expected to reach an estimated $14.5 billion by 2028 with a CAGR of 13% from 2023 to 2028. The major drivers for this market are changing lifestyle pattern, growing consumption of packaged foods, and increasing inclination towards nutraceutical and cleaned-label products.
Inulin, fructo-oligosaccharides (FOS), and galacto-oligosaccharides (GOS) are the two major segments of prebiotics in food additive market by product type. Lucintel forecasts that fructo-oligosaccharides (FOS) will remain the largest product type segment over the forecast period due to growing number of health conscious consumers and rising demand for low-calorie foods across the globe.
Within this market, bakery & confectionery is expected to remain the largest application segment due to the increasing application of prebiotics in various products, such as bread, cookies, and snacks, as these are high in carbohydrates and low in fiber.
APAC will remain the largest region due to its high population and changing consumption pattern, which are encouraging the growth and consumption of processed products in the region.
Jarrow Formulas, Cargill, Clasado, Kraft Foods Group, Cosucra Group Warcoing Stonyfield Farm, Nexira, BENEO-Orafti SA, and Roquette America are the major suppliers for prebiotics in the global food additive market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for prebiotics in the global food additive market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Prebiotics in the Global Food Additive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for prebiotics in the global food additive market by product type, application, and region, as follows:
Prebiotics in Food Additive Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Inulin
Fructo-oligosaccharides (FOS)
Galacto-oligosaccharides (GOS)
Others
Prebiotics in Food Additive Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Bakery & Confectionery
Beverages
Convenience Foods
Dairy & Frozen Desserts
Spices, Condiments, Sauces & Dressings
Others
Prebiotics in Food Additive Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for prebiotics in the global food additive market by product type (inulin, fructo-oligosaccharides (FOS), galacto-oligosaccharides (GOS), and others), application (bakery &confectionery, beverages, convenience foods, dairy & frozen desserts, and spices, condiments, sauces & dressings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?