The Prebiotics Market to Hit $13.26 Billion by 2029 - Focus Insight Report by Arizton
Source: The DairyNews
Arizona's latest research report shows that the global prebiotics market will grow at a CAGR of 11.37% from 2023 to 2029, DairyNews.today writes.
The growing awareness of the health benefits of prebiotics, such as improved gut health and overall digestive function, and increased consumption of functional dairy products is anticipated to boost the growth of the global market. APAC has the largest share in 2023 and is the fastest-growing probiotics market from 2023 to 2029. The constant development and launch of innovative products are essential for vendors operating in this highly competitive market to achieve healthy sales growth and increase market share.
In recent years, the global prebiotics market has witnessed many strategic initiatives by key vendors, intensifying market competitiveness. Prebiotic manufacturers aim to leverage the strength of similar players and other diversified vendors in the global prebiotic market to increase their market presence and product competitiveness. The major players focus on strategic acquisitions, licensing, and collaboration agreements with emerging players to enter the prebiotics market and access commercially launched products. For instance, in 2021, Taiyo GmBH, a German manufacturer of natural dietary fibers, and Asiros, a Danish producer of fruit powders, collaborated to create and market high-fiber fruit variants.
Fructo-oligo-Saccharides is the fastest growing segment with a CAGR of 12.64% during 2023-2029, There is a global trend for fiber enrichment, sugar reduction, and prebiotic effects due to health benefits.
In recent years, the global prebiotics market has witnessed many strategic initiatives by key vendors, intensifying market competitiveness. Prebiotic manufacturers aim to leverage the strength of similar players and other diversified vendors in the global prebiotic market to increase their market presence and product competitiveness. The major players focus on strategic acquisitions, licensing, and collaboration agreements with emerging players to enter the prebiotics market and access commercially launched products. For instance, in 2021, Taiyo GmBH, a German manufacturer of natural dietary fibers, and Asiros, a Danish producer of fruit powders, collaborated to create and market high-fiber fruit variants.
Fructo-oligo-Saccharides is the fastest growing segment with a CAGR of 12.64% during 2023-2029, There is a global trend for fiber enrichment, sugar reduction, and prebiotic effects due to health benefits.
