Report : North America 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 5.0% CAGR, the North America Prebiotic Ingredients Market is speculated to be worth US$ 669.31 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America prebiotic ingredients market was valued at US$ 500.10 million in 2022 and is expected to reach US$ 669.31 million by 2028, registering an annual growth rate of 5.0% from 2022 to 2028. The rising demand for prebiotic ingredients in food & beverages sector and increasing consumer focus on preventive health are the critical factors attributed to the market expansion.
Various additives are incorporated into food products and beverages to increase their nutritional value. Promising health benefits of prebiotic-fortified food and the participation of international bodies in the prebiotic R&D approval process are favoring the proliferation of the prebiotic ingredients market. Consumers across the region opt for natural and fresh food to maintain their gut and immune health. The chicory roots, onions, garlic, barley, oats, apples, bananas, cocoa, flax seeds, and dandelion greens are some natural sources of prebiotic ingredients, such as fiber inulin, pectin, and fructo-oligosaccharides (FOS). Many corporations have been investing in the discovery of novel ingredients, which enables manufacturers to run active health management programs. Furthermore, growing customer acceptance of premium food products, containing prebiotic ingredients, and their willingness to pay high amounts for such products favors the growth of the prebiotic ingredients market. The popularity of prebiotics is rising in the food & beverages industry due to their application in nutritional bars, dairy products, health drinks, mineral supplements, breakfast cereals, bakery goods, confectioneries, green foods, and infant formulas. In November 2018, Kellogg Company launched a new cereal, under the brand name HI! Happy Inside, including prebiotics and probiotics, as a part of its gut-boosting digestive products line-up. Further, Inulin is widely utilized in the food processing sector, as it is a good and healthy substitute for fat and sugar. Major milk-producing countries such as the US, utilize prebiotics for providing desired texture to the final products and for making sugar-free dairy products. Furthermore, infant formula or baby food contains various prebiotic ingredients, including galacto-oligosaccharides, fructo-oligosaccharides, and polydextrose in different combinations. Infant formula fortified with prebiotics modifies gastrointestinal (GI) microbiota in a similar way as it is designed by breast milk. The demand for prebiotics in fortified foods is projected to remain high due to the increasing awareness of their benefits and the willingness of consumers to purchase premium products incorporated with prebiotics, which boosts the prebiotic ingredients market growth.
On the contrary, lacking uniformity of regulations hurdles the growth of North America prebiotic ingredients market.
Based on type, the North America prebiotic ingredients market is segmented into Inulin, Galacto-oligosaccharides (GOS), Mannan-oligosaccharides (MOS), and others. The inulin segment held 44.1% market share in 2022, amassing US$ 220.67 million. It is projected to garner US$ 294.61 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on form, the North America prebiotic ingredients market is bifurcated into powder and liquid. The powder segment held 73.7% market share in 2022, amassing US$ 368.51 million. It is projected to garner US$ 495.34 million by 2028 to expand at 5.1% CAGR during 2022–2028.
By application, the North America prebiotic ingredients market is fragmented into functional food and beverages, dietary supplements, animal feed, and others. With 56.0% share of the domain, the functional food and beverages segment dominated the market in 2022. It accrued US$ 279.96 million in 2022 and is estimated to generate US$ 372.12 million by 2028 to grow at a CAGR of 4.9% over the forecast period.
Based on country, the North America prebiotic ingredients market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.1% market share in 2022. It was assessed at US$ 395.48 million in 2022 and is likely to hit US$ 527.56 million by 2028, exhibiting a CAGR of 4.9% during the forecast period.
Key players dominating the North America prebiotic ingredients market are Beneo GmbH; Cargill, Incorporated; Clasado Limited; COSUCRA; DuPont; Ingredion; Nexira; Roquette Freres; and Sensus among others.
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