Selbyville, DE—The prebiotics market is expected to achieve over 9.8% CAGR up to 2024, according to a report from 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.
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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 report is available for purchase here.