Saudi Arabia Prebiotic Ingredients Market
Saudi Arabia Prebiotic Ingredients Market - By Type (Fructo-oligosaccharide, Oligosaccharide, Galacto-oligosaccharide, Insulin, Others); By Application (Food & Beverages, Dietary Supplements, Infant Formula, Animal Nutrition); By Source (Roots, Grains, Vegetables); By Function (Gut Health, Bone Health, Immunity, Heart Health, Weight Management), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: March 2023
- Report ID: BWC23236
- Available Format: PDF
- Page: 240
Report Overview
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.Saudi Arabia Prebiotic Ingredients Market - Industry Trends & Forecast Report, 2029
Saudi Arabia prebiotic ingredients market size was estimated to be worth USD 85.51 million in 2022. During the forecast period between 2023 and 2029, the Saudi Arabia prebiotic ingredients market size is projected to grow at a CAGR of 5.17% reaching a value of USD 121.53 million by 2029. Major growth factors for the Saudi Arabia prebiotic ingredients market include the increasing significance of nutraceutical products, which are now a staple of consumer dietary planning. Moreover, increasing adoption of technology developments in the production of inulin and oligosaccharides are projected to replace sugar, which is expected to offer growth opportunities to 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.
Saudi Arabia Prebiotic Ingredients Market
Growth Drivers
Increasing Demand for Prebiotic Ingredients from Dairy Industry
The expanding demand for dairy and dairy products is emerging as a crucial factor propelling the Saudi Arabia prebiotic ingredients market growth. Dairy brands are increasingly launching products with prebiotic ingredients to target the health-conscious consumer demographic. Prebiotic components may be employed as fat substitutes in dairy products to produce non-fat goods with rheological, physicochemical, and sensory characteristics that are comparable to those of full-fat goods. With increasing consumer consciousness towards the health benefits of prebiotic ingredients, the demand for these products is projected to rise, influencing its market growth.
Restraints
High Cost of Prebiotic Ingredients
The high cost of manufacturing prebiotic compounds is one of the main reasons impeding the expansion of prebiotic ingredients market in Saudi Arabia. The prebiotic components are often expensive as the cost of the manufacture is relatively high. The source of the enzyme, the quantity of the substrate, and the parameters of the reaction all affect how much and what kind of oligosaccharides are produced. The existing process's poor yield is pushing up the price of production. To increase the yield and develop more effective manufacturing methods, additional R&D activities should be conducted. It may increase the company’s operational cost.
Impact of COVID-19 on Saudi Arabia Prebiotic Ingredients Market
The 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.
Saudi Arabia Prebiotic Ingredients Market
Segmental Coverage
Saudi Arabia Prebiotic Ingredients Market – By Type
Based on type, the Saudi Arabia prebiotic ingredients market is segmented into fructo-oligosaccharide (FOS), oligosaccharide, galacto-oligosaccharide, insulin, and others. Insulin holds the highest share in the market, as it is commonly found in leeks, asparagus, onions, wheat, garlic, chicory, oats, soybeans, and Jerusalem artichokes. The fructo-oligosaccharide type also covers a substantial market share. FOS has significant anti-tumor properties, a prebiotic impact, enhanced mineral absorption, and lower blood levels of phospholipids, triacylglycerols, and cholesterol, which contributes to its market growth.
Saudi Arabia Prebiotic Ingredients Market – By Application
Based on application, 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 anticipated 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 the increasing 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.
Saudi Arabia prebiotic ingredients Market – By Source
Based on the source, Saudi Arabia prebiotic ingredients market is segmented into roots, grains, and vegetables. The vegetable segment holds the highest market share. Several fruits and vegetables, especially those with complex carbohydrates like fiber and resistant starch, are rich in prebiotics. These carbohydrates travel through the digestive system as food for bacteria and other germs since they cannot be digested by the body. The increasing import activities of many exotic fruits and vegetables in Saudi Arabia are offering lucrative growth opportunities to the prebiotic ingredients market.
Saudi Arabia Prebiotic Ingredients Market – By Function
Based on function, Saudi Arabia prebiotic ingredients market is segmented into gut health, bone health, immunity, heart health, and weight management. The gut health function accounts for the highest share in the Saudi Arabia prebiotic ingredients market. Prebiotics may promote gut health, resulting in improved digestion, fewer antibiotic-related health issues, and other advantages. Prebiotics have become a popular non-pharmacological strategy for restoring intestinal symbiosis and enhancing well-being. Due to such health benefits, the demand for prebiotic ingredients market is expanding in Saudi Arabia.
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.
Recent Developments
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In March 2023 – OptiBiotix Health Plc, a UK-based biotechnology company, launched its GoFigure consumer line of nutritional shakes and bars in Saudi Arabia.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Product/ Service Segmentation |
Type, Application, Source, Function |
Key Players |
Abbott Laboratories, BENEO GmbH, Bright Food (Group) Corp. Ltd., Cargill Inc., Cosucra Groupe Warcoing SA, The Kraft Heinz Company |
By Type
-
Fructo-oligosaccharide
-
Oligosaccharide
-
Galacto-oligosaccharide
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Insulin
-
Others
By Application
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Food & Beverages
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Dietary Supplements
-
Infant formula
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Animal Nutrition
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Ruminant
-
Poultry
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Aquaculture
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Others
By Source
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Roots
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Grains
-
Vegetables
By Function
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Gut Health
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Bone Health
-
Immunity
-
Heart Health
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Weight Management
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Prebiotic Ingredients Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increasing Demand from Dairy Industry
- Rising Trend of Sugar, Fat, and Calorie Reduction
- Restraints
- High R&D Cost
- Opportunities
- Challenges
- Stringent Government Policies
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Prebiotic Ingredients Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Fructo-oligosaccharide
- Oligosaccharide
- Galacto-Oligosaccharide
- Insulin
- Others
- By Application
- Food & Beverages
- Dietary Supplements
- Infant formula
- Animal Nutrition
- Ruminant
- Poultry
- Aquaculture
- Other
- By Source
- Roots
- Grains
- Vegetables
- By Function
- Gut Health
- Bone Health
- Immunity
- Heart Health
- Weight Management
- By Type
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Saudi Arabia Prebiotic Ingredients Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Saudi Arabia Prebiotic Ingredients Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- Abbott Laboratories
- BENEO GmbH
- Bright Food (Group) Corp. Ltd.
- Cargill Inc.
- Cosucra Groupe Warcoing SA
- The Kraft Heinz Company
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Prebiotic Ingredients Segmentation
Figure 2 Saudi Arabia Prebiotic Ingredients Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Saudi Arabia Prebiotic Ingredients Market Size, By Value (USD Million), 2019–2029
Figure 5 Saudi Arabia Prebiotic Ingredients Market Share, By Type, By Value, 2019–2029
Figure 6 Saudi Arabia Prebiotic Ingredients Market Share, By Applications, By Value, 2019–2029
Figure 7 Saudi Arabia Prebiotic Ingredients Market Share, By Source, By Value, 2019–2029
Figure 8 Saudi Arabia Prebiotic Ingredients Market Share, By Function, By Value, 2019–2029
List of Tables
Table 1 Saudi Arabia Prebiotic Ingredients Market Size, By Value (USD Million), 2019–2029
Table 2 Saudi Arabia Prebiotic Ingredients Market Share, By Type, By Value, 2019–2029
Table 3 Saudi Arabia Prebiotic Ingredients Market Share, By Applications, By Value, 2019–2029
Table 4 Saudi Arabia Prebiotic Ingredients Market Share, By Source, By Value, 2019–2029
Table 5 Saudi Arabia Prebiotic Ingredients Market Share, By Function, By Value, 2019–2029
Table 6 Abbott Laboratories Company Overview
Table 7 Abbott Laboratories Financial Overview
Table 8 BENEO GmbH Company Overview
Table 9 BENEO GmbH Financial Overview
Table 10 Bright Food (Group) Corp. Ltd. Company Overview
Table 11 Bright Food (Group) Corp. Ltd. Financial Overview
Table 12 Cargill Inc. Company Overview
Table 13 Cargill Inc. Financial Overview
Table 14 Cosucra Groupe Warcoing SA Company Overview
Table 15 Cosucra Groupe Warcoing SA Financial Overview
Table 16 The Kraft Heinz Company: Company Overview
Table 17 The Kraft Heinz Company Financial Overview
Market Segmentation
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