Asia Pacific Prebiotics Industry Overview
Asia Pacific prebiotics market size is expected to reach USD 4.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.6% from 2020 to 2028. Increasing gastrointestinal tract diseases like irritable bowel syndrome, have raised concerns about gut health which is likely to augment the growth of the prebiotics market in Asia Pacific.
Asia Pacific Prebiotics Market Segmentation
Grand View Research has segmented the Asia Pacific prebiotics market on the basis of product, source, form, functionality, application, and region:
Based on the Product Insights, the market is segmented into Inulin, Fructo-oligosaccharides, Mannan-oligosaccharides, Galacto-oligosaccharides, Xylo-oligosaccharides, Isomalto-oligosaccharides, Resistant Starch, Resistant Maltodextrin, Beta-glucan, Others.
- The inulin segment dominated the market and accounted for the largest revenue share of 26.25% in 2020. The rising demand for nutraceuticals as a result of growing health awareness is expected to fuel the demand for inulin as a functional ingredient. Inulin plays an important role in enhancing the activity of selected beneficial bacteria, which inhibits the growth of certain pathogenic bacteria and improves colon health.
- The demand for FOS (Fructooligosaccharides) is projected to witness high growth on account of its growing utilization in the food and beverage, animal feed, dietary supplement, and pharmaceutical industries. The product is known to stimulate the growth of lactobacilli and bifidobacteria in the human gut and produces short-chain fatty acids.
- The beta-glucan industry is likely to further grow on account of increasing awareness among manufacturers for using multiple sources, harvesting, processing, and extraction methods. The manufacturers use innovative patented technologies in a bid to improve the market share and increase overall sales.
Based on the Source Insights, the market is segmented into Roots, Fruits Vegetables, Cereals Grains, Others.
- The roots segment dominated the market and accounted for the largest revenue share of 54.7% in 2020. The segment is expected to witness a significant CAGR of 15.0% over the forecast period. Prebiotics obtained from roots and tubers such as manioc, salep, arrowroot, artichokes, taro, yam, chicory roots, and sweet potatoes in the human nutrition segment improve colonic integrity.
- Fruits and vegetables-based prebiotics help in regulating lower blood sugar levels and forestall a swift increase in blood insulin levels, which in turn, is linked with the risks of diabetes and obesity. Moreover, health benefits associated with consumption of the fruits vegetables, such as cancer prevention, and cognitive improvement, and, are anticipated to boost the overall market growth.
- The other sources of prebiotic ingredients are yeast, lentils, legumes such as lupin and chickpea, and nuts seeds such as peanut, almond, cashew, and pecan, to name a few.
Based on the Application Insights, the market is segmented into Food Beverages, Dietary Supplements, Animal Feed.
- The food and beverage segment dominated the market and accounted for the largest revenue share of 56.5% in 2020. Rising awareness among consumers regarding a healthy and nutritious diet and growing demand for energy drinks and high-fiber foods are likely to fuel the demand for prebiotic ingredients such as Galacto-oligosaccharide (GOS).
- The segment growth is principally driven by the rising disposable income and increasing awareness among consumers regarding the health benefits of dietary supplements. In the animal feed sector, regular consumption of prebiotics by broiler chickens aid in maintaining their gut health and inhibits the transmission of pathogens present in the food chain.
Based on the Form Insights, the market is segmented into Powder/Crystal, Liquid.
- The liquid segment dominated the market and accounted for the largest revenue share of 54.6% in 2020. The segment is expected to witness a revenue-based CAGR of 15.4% over the forecast period. The rising demand for naturally derived functional ingredients, as a result of rising consumer awareness regarding a balanced and fiber-rich diet, is likely to propel the demand for liquid prebiotics.
- Liquid prebiotics have a promising dietary fiber profile and high-water solubility, which make them especially suitable for manufacturing pharmaceutical formulations. The powder/crystal-based prebiotics are used in the processing of nutritional dairy products, snacks, cereals, and infant foods.
- Moreover, the growing demand for powdered prebiotic ingredients to manufacture nutritional supplement products such as ready-to-drink (RTD) and bars, which increase immune function, help maintain a healthy weight, and lower inflammation in the body, are anticipated to further enhance the overall market growth in the coming years.
Based on the Functionality Insights, the market is segmented into Gut Health, Cardiovascular Health, Bone Health, Immunity, Weight Management, Others.
- The gut health segment dominated the market and accounted for the largest revenue share of 46.7% in 2020. The human digestive system relies on a wide range of dietary fibers in order to function optimally. The consumption of prebiotics assists in the removal of waste and ensures normal digestion by nourishing the mucosal tissue lining the digestive tract.
- Rising occurrences of cardiovascular diseases due to the inactive and slow lifestyle, mainly among individuals within the age group of 30 to 40 years, and shifting dietary patterns are likely to drive the demand for prebiotic-based nutritional supplements in the market over the coming years.
- The demand for prebiotics in the anti-cancer segment is likely to grow as consuming prebiotics-based dietary supplements is known to reduce the risk of prostate and colon cancer. Moreover, cancer patients are increasingly turning to dietary supplements to ease nausea and strengthen their immune systems from chemotherapy.
Asia Pacific Prebiotics Regional Outlook
- China
- India
- Japan
- Taiwan
- Australia
- Thailand
- Malaysia
- Indonesia
- Philippines
- Vietnam
- Singapore
- South Korea
Key Companies Profile Market Share Insights
Players are further focusing on partnerships and expansion strategies to strengthen their foothold in the Asia Pacific prebiotics market.
Some prominent players in the Asia Pacific prebiotics market include
- BAOLINGBAO BIOLOGY
- Tata Chemical Ltd.
- Quantum Hi-Tech (China) Biological Co., Ltd.
- SAMYANG HOLDINGS CORPORATION
- CJ CheilJedang Corp
- Meiji Holdings Co., Ltd.
- Fuji Nihon Seito Corporation
- Yakult Honsha Co. Ltd.
Order a free sample PDF of the Asia Pacific Prebiotics Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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