Report : Europe Prebiotic Ingredients Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type [Inulin, Galacto-oligosaccharides (GOS), Mannan-oligosaccharides (MOS), and Others], Form (Powder and Liquid), and Application (Functional Food and Beverages, Dietary Supplements, Animal Feed, and Others)
At 4.8% CAGR, the Europe Prebiotic Ingredients Market is speculated to be worth US$ 575.91 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe prebiotic ingredients market was valued at US$ 435.23 million in 2022 and is expected to reach US$ 575.91 million by 2028, registering an annual growth rate of 4.8% from 2022 to 2028. The rising popularity of plant-based food products and rising demand for prebiotics in animal feed are the critical factors attributed to the market expansion.
Over the past few years, awareness regarding environmental sustainability has increased significantly. The number of people adopting a vegan lifestyle and a plant-based diet is growing continuously. Consumers’ inclination toward cutting down the food of animal origin, such as meat and dairy products, is attributed to various factors, ranging from environmental sustainability concerns to ethical considerations to personal health objectives. This is likely to generate demand for prebiotic fibers, as they are either already present in plant-based products that are meant to replace animal-based diets or may be easily incorporated into them. Many prebiotic food products are suitable for vegans and people on other diets to eat. According to International Scientific Association for Probiotics and Prebiotics (ISAPP), Inulin and oligofructose are the proven plant-based prebiotics available in market. Manufacturers are planning to introduce plant-based products by including prebiotic ingredients. For instance, in a recent webinar, the Vice President of Global Innovation and Nutrition at Kellogg declared gut health to be the future of nutrition. Kellogg’s focuses on strengthening its immediate future by promoting its diverse range of plant-based fibers that nourish the human gut. Although various food products are now recognized as having prebiotic properties, several others, such as almonds, artichoke, barley, chia seeds, chicory, dandelion greens, flaxseeds, garlic, and oats, are being explored and used as functional food. Prebiotics are found in many fruits and vegetables, especially those containing complex carbohydrates, such as fiber and resistant starch. All these factors have significantly contributed to increased sustainability concerns among consumers. Thus, plant-based food is emerging as a significant trend in the overall prebiotic ingredients market.
On the contrary, lacking uniformity of regulations hurdles the growth of Europe prebiotic ingredients market.
Based on type, the Europe prebiotic ingredients market is segmented into Inulin, Galacto-oligosaccharides (GOS), Mannan-oligosaccharides (MOS), and others. The inulin segment held 51.0% market share in 2022, amassing US$ 222.04 million. It is projected to garner US$ 292.70 million by 2028 to expand at 4.7% CAGR during 2022–2028.
Based on form, the Europe prebiotic ingredients market is bifurcated into powder and liquid. The powder segment held 73.7% market share in 2022, amassing US$ 320.80 million. It is projected to garner US$ 426.80 million by 2028 to expand at 4.9% CAGR during 2022–2028.
By application, the Europe prebiotic ingredients market is fragmented into functional food and beverages, dietary supplements, animal feed, and others. With 69.2% share of the domain, the functional food and beverages segment dominated the market in 2022. It accrued US$ 301.35 million in 2022 and is estimated to generate US$ 396.69 million by 2028 to grow at a CAGR of 4.7% over the forecast period.
Based on country, the Europe prebiotic ingredients market is categorized into Germany , the U.K. , France , Italy , Russia , and the rest of Europe. Our regional analysis states that the rest of Europe captured 41.1% market share in 2022. It was assessed at US$ 179.06 million in 2022 and is likely to hit US$ 228.53 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.
Key players dominating the Europe prebiotic ingredients market are Beneo GmbH; Cargill, Incorporated; Clasado Limited; COSUCRA; DuPont; Ingredion; Nexira; Roquette Freres; Sensus; and SOLACTIS; among others.
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