Prebiotics For Dietary Supplements Market Poised To Grow...

Prebiotics For Dietary Supplements Market Poised To Grow Substantially Due To Rising Health Consciousness

Posted 2023-12-28 11:33:33

The global prebiotics for dietary supplements market is a multibillion-dollar industry focused on developing prebiotic ingredients to support digestive and immune health. Prebiotics are non-digestible plant fibers that serve as food for beneficial gut bacteria. By stimulating the growth and activity of microorganisms like Bifidobacteria and Lactobacillus in the colon, prebiotics help maintain a balanced microbiome and support regularity, nutrient absorption, and general well-being. Major prebiotics utilized in supplements include inulin, FOS (fructooligosaccharides), and GOS (galactooligosaccharides). These are derived from chicory root, Jerusalem artichoke, agave, garlic, and other plant sources and are commonly available as capsules, tablets, gummies, and powders.

The global prebiotics for dietary supplements market is estimated to be valued at US$ 2430.9 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Rising health consciousness driven by growing research linking gut health to various disease conditions has been a key driver behind the escalating demand for prebiotics for dietary supplements over the past few years. Consumers are increasingly understanding the importance of a balanced microbiome in maintaining overall wellness. This has benefited prominent prebiotic producers globally. Additionally, growing vegan and vegetarian demographic preferring plant-based nutrition to support digestive health has also contributed to revenue growth of companies offering prebiotic supplements. However, lack of universal regulatory guidelines for probiotic products in some regions and lack of consumer education can hamper market potential to a certain extent over the forecast period.

SWOT Analysis

Strength: The prebiotics for dietary supplements market is expected to grow at a significant rate during the forecast period. The increasing health consciousness among consumers is expected to drive the demand for prebiotics supplements. Prebiotics aid in promoting digestion and absorption of nutrients. They selectively feed beneficial microorganisms in the gut flora to improve their growth and activity.

Weakness: Limited awareness about uses and benefits of prebiotics in many developing regions. High costs associated with research and development activities for new product launches.

Opportunity: Rising cases of lifestyle diseases such as diabetes, obesity, cardiovascular diseases leading to increased adoption of prebiotics supplements. Growing popularity of organic and natural ingredients based supplements offers growth prospects.

Threats: Stringent regulatory frameworks and approval processes for new supplements pose threats. Changing consumer preferences and easy availability of alternatives also threaten the market.

Key Takeaways

The global Prebiotics For Dietary Supplements Market Growth is expected to witness high growth. In 2023, the market size is estimated to be US$ 2430.9 Mn and expected to reach US$ 4190.7 Mn by 2030, expanding at a CAGR of 7.3% during the forecast period.

Regional analysis related content comprises

North America dominates the global prebiotics for dietary supplements market and is expected to maintain its leading position during the forecast years. Factors such as increasing health consciousness, growing geriatric population prone to chronic diseases, and expanding nutraceutical industry drive the market growth. Asia Pacific is expected to be the fastest growing market owing to rising living standards, growing middle-class population, and increasing prevalence of lifestyle diseases in the region.

Key players related content comprises

Key players operating in the prebiotics for dietary supplements market are Archer Daniels Midland Company, Cargill Inc., DowDuPont Inc., Imcopa Food Ingredients B.V., CHS Inc., Crown Soya Protein Group, Wilmer International Ltd., Foodchem, Kerry Ingredients Inc., Burcon NutraScience Corporation, and others.

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