Selbyville, DE—The prebiotics market is expected to achieve over 9.8% CAGR up to 2024, according to a report from Global Market Insights.
The prebiotics industry is expected to cross $7.2 billion by 2024, supported by rising demand for prebiotics primarily for food & beverage applications. Courtesy of Global Market Insights.
Growing focus on digestive health will drive prebiotics upwards, as formulators add it to food, beverages, dietary supplements, and animal feed, according to a press release regarding the report.
The prebiotics market for use in dietary supplements alone is projected to exceed $750 million by 2024, thanks to a surge in demand for nutraceuticals caused by increasing consumer awareness regarding diabetes.
Use in animal feed boosts metabolism and immunity, enhancing digestion and overall health of livestock, which will be necessary moving forward; regulatory policies in the U.S. and EU to ban the use of antibiotics growth promoters, the release predicts, will fuel the prebiotics market. This segment is expected to hit $800 million by 2024.
The editorial team at WholeFoods Magazine has decades of experiences reporting on natural products industry news, trends, and more. This national, monthly business-to-business magazine has been published continuously for nearly 40 years (the magazine was founded in 1977, and has been owned by Wainer Finest Communications since 1984). It is the longest-tenured media outlet of its kind in the natural products industry. The editorial focus at WholeFoods Magazine is, and always has been, on informing and educating members of the natural products industry.
*These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
