Saudi Arabia Prebiotic Ingredients Market
Saudi Arabia Prebiotic Ingredients Market Size Growing at Steady CAGR of 5.2% to Cross USD 121 Million by 2029
Published | 23 March 2023
Saudi Arabia prebiotic ingredients market is gaining traction because of the increasing demand from dairy industry and growing awareness about sugar, fat, and calorie reduction.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia prebiotic ingredients market size at USD 85.51 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Saudi Arabia prebiotic ingredients market size to grow at a steady CAGR of 5.17% reaching a value of USD 121.53 million by 2029. The increasing relevance of nutraceutical goods, which are now a mainstay of consumer dietary planning, is one of the major driving reasons for the Saudi Arabia prebiotic ingredients market. In addition, it is estimated that rising adoption of technology advancements in the manufacture of inulin and oligosaccharides will replace sugar, which will present growth prospects for the Saudi Arabia prebiotic ingredients market during the forecast period.
Saudi Arabia Prebiotic Ingredients Market – Overview
According to the definition by the Nutritional Outlook, “A prebiotic is a selectively fermented ingredient that allows specific changes, both in the composition and/or activity in the gastrointestinal microflora that confer benefits upon host well-being and health.” Prebiotics are produced via enzymatic methods. For instance, NDO may be produced this way by joining carbohydrate monomers to create "longer" oligosaccharides, or it can be produced this way by breaking down polysaccharides into smaller oligosaccharides.
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Saudi Arabia Prebiotic Ingredients Market – By Application
Based on application, the Saudi Arabia prebiotic ingredients market is segmented into food & beverages, dietary supplements, infant formula, and animal nutrition. The food & beverages segment accounts for the highest share in the Saudi Arabia prebiotic ingredients market. The market demand for these products is expected to increase as consumer knowledge of the benefits of consuming protein for maintaining appropriate nutritional levels and preserving muscle mass grows. Moreover, it is expected that growing public knowledge of the advantages of protein and the need of leading an active lifestyle would be key in boosting the use of dietary supplement products.
Impact of COVID-19 on Saudi Arabia Prebiotic Ingredients Market
COVID-19 pandemic offered new opportunities to the Saudi Arabia prebiotic ingredients market. Although the market was initially hindered. The COVID-19 pandemic caused a nationwide lockdown and border restrictions that completely disrupted supply chains and had an impact on the manufacturing and distribution of several items. The prebiotic ingredients registered a sharp spike in their demand owing to the increase in consumption of health supplements due to their health benefits. They are a crucial component of dietary supplements since they offer many advantages, from enhancing gut health to boosting digestive health. By increasing the number of probiotics in the gut, particularly lactic acid bacteria and bifidobacteria, prebiotics are also known to enhance immune systems indirectly or directly. Such factors significantly contributed to the Saudi Arabia prebiotic ingredients market during the pandemic.
Competitive Landscape
Major players operating in Saudi Arabia prebiotic ingredients market include Abbott Laboratories, BENEO GmbH, Bright Food (Group) Corp. Ltd., Cargill Inc., Cosucra Groupe Warcoing SA, and The Kraft Heinz Company. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Prebiotic Ingredients Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Prebiotic Ingredients Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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Publish Date: March 2023
An increasing demand from dairy industry and rising trend of sugar, fat, and calorie reduction are expected to boost the growth of the Saudi Arabia prebiotic ingredients market during the forecast period between 2023 and 2029.
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