Prebiotics Market Size Forecast to Exceed Usd 7.5 Billion by 2023

Prebiotics market size was USD 3.31 billion in 2015, with 11.6% CAGR growth anticipated in ingredient sales by 2023, as per the latest research report by Global Market Insights, Inc. Growing product awareness and acceptance, spurred by regulatory endorsement of proven benefits will drive the global prebiotics market growth.

Diabetes prevalence trends, primarily in Asia Pacific, have seen industry product penetration rise in the last three years, a trend which is likely to continue over the report forecast period. Inulin market will continue to dominate ingredient revenue, with sales forecast exceeding USD 3.22 billion by 2023.

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Prebiotic food & beverage industry revenue is forecast to exceed USD 6.4 billion by 2023, of which dairy products should account for over 85%. Baked goods and dried foods will most likely witness very modest gains over the forecast timeframe.

Dietary supplements, with global revenue expectation of over USD 63 billion by 2023, will remain an attractive application segment for the prebiotics market share, presently accounting for close to 8% of global volume.

Food and beverage industry growth in Brazil, China, India, South Korea, Poland and Mexico is also expected to have a positive impact on industry growth over the forecast period. Growing occurrence of gastrointestinal tract diseases such as constipation, irritable bowel syndrome (IBS), gastroesophageal reflux disease (GRD) and inflammatory bowel disease have raised the concerns towards gut health.

High product & application development along with raw material concerns may adversely impact the global prebiotic industry profitability. In addition, stringent regulations for ingredient formulation for the food & beverage industry are expected to strengthen market entry barriers for new participants.

Key insights from the report include:

Global prebiotics market size is poised to exceed 1,359 kilo tons in ingredient sales by 2023,...