Report ID: UCMIG30I2107
Report ID:
UCMIG30I2107 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global prebiotic ingredient market was valued at USD 6.7 billion in 2021 and is projected to grow at a CAGR of 10.7% from 2022 to 2028. The market is being driven by the increasing use of prebiotics in dairy and cosmetic products due to their health benefits. Factors such as growing awareness about nutritional values, a rising middle-class population, and increased cultivation and harvesting of prebiotic natural herbs are also contributing to the demand for prebiotic ingredients in the market. Additionally, investments in research and development (R&D) by various players to develop new ingredients, along with the growing demand for food products containing prebiotic ingredients, are expected to further drive market growth during the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30I2107