The prebiotic fiber global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Prebiotic Fiber Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
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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Scope Of Prebiotic Fiber Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Prebiotic Fiber Market Overview
Market Drivers -
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.
Market Trends -
Major companies operating in the prebiotic fiber market are focusing their efforts on introducing functional foods and beverages fortified with prebiotic fiber, such as prebiotic fiber-enriched beverages, to reach health-conscious consumers seeking convenient options to support digestive health. Prebiotic fiber-enriched beverages are those that have extra prebiotic fibers added to them to aid in digestion and gut health. For instance, in November 2023, Beliv, a US-based beverage company, launched Mighty Pop, the first soda to include prebiotics, probiotics, and postbiotics in one formula. It aims to provide consumers with a convenient, palatable beverage that also supports health. Each can of Mighty Pop contains one billion live probiotic cultures, three grams of prebiotic fiber sourced sustainably from certified carbon-neutral acacia plants, and postbiotics known to support immune health and microbiome modulation. Mighty Pop offers a healthier soda alternative with three grams of sugar sourced from agave and a low calorie count of 30 per ser
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