Asia Pacific Prebiotics Market Size Worth $4.9 Billion By 2028
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.
Consumers have started consuming foods such as yogurt, apples, whole grains, and miso, that aid in improving digestion by increasing the good bacteria in the gut, along with reducing constipation. Thus, the incorporation of functional ingredients such as carotenoids, prebiotics and probiotics, fatty acids, dietary fibers, vitamins, and minerals, is likely to increase, which, in turn, is projected to benefit market growth.
Prebiotics stimulate the growth of healthy bacteria like lactobacilli in the gut and enhance pathogen resistance. This effect is induced by consuming functional foods that contain FOS, GOS, with prebiotic function. Growing gut problems among consumers have impelled them to switch to prebiotics-rich food that is likely to drive their demand for prebiotics in the coming years.
Besides, since the pandemic outbreak, consumers have been gradually selecting products that are nutritionally rich in order to maintain optimum health. This shifting trend is evident from the increased demand for nutraceuticals in the first and second quarters of 2020 throughout the world. Rising concerns regarding immunity are likely to benefit plant-based functional ingredients in the coming years.
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, the market is segmented into Inulin, Fructo-oligosaccharides, Mannan-oligosaccharides, Galacto-oligosaccharides, Xylo-oligosaccharides, Isomalto-oligosaccharides, Resistant Starch, Resistant Maltodextrin, Beta-glucan, and 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.
- In food and beverage applications, GOS (Galacto-oligosaccharides) is utilized for preventing allergies in infants and treating stomach disorders such as constipation and gastritis. Therefore, rising concerns regarding chronic diseases tied with a rise in the aging population have led to an increased demand for dietary supplements in the country, driving the galacto-oligosaccharides market.
Based on the Source, the market is segmented into Roots, Fruits & Vegetables, Cereals & Grains, and 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.
Based on the Application, the market is segmented into Food & Beverages, Dietary Supplements, and 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, the market is segmented into Powder/Crystal, and 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.
Based on the Functionality, the market is segmented into Gut Health, Cardiovascular Health, Bone Health, Immunity, Weight Management, and 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.
- Dietary supplements rich in prebiotic fibers are known to boost and maintain the energy levels in the human body. Furthermore, consumption of prebiotic ingredients in any form assists in rapid fat/calorie burning, reduced absorption of fats, and reduced appetite, which aids in reducing the consumption of calories and maintaining the overall body weight.
Key Companies & Market Share Insights
Players are further focusing on partnerships and expansion strategies to strengthen their foothold in the Asia Pacific prebiotics market. In January 2020, Meiji Seika Pharma Co., Ltd. announced that it had entered into a distribution, and partnership agreement for the epigenetic immunomodulator, HBI-8000, from HUYA Bioscience International, LLC. With this agreement, Meiji has the authority to sell HBI-8000 in Japan and to grow and has authority to market in seven licensed countries such as Indonesia, Malaysia, Philippines, Singapore, Vietnam, and Thailand. Some of the 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
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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