Latin America Prebiotic Ingredients Market

Latin America Prebiotic Ingredients Market Growth and Forecast (2023 - 2028):

The Latin America Prebiotic Ingredients Market was worth USD 400 million in 2022 and estimated to be growing at a CAGR of 10.8%, to reach USD 660 million by 2028. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the pharmaceutical industry.

Market Overview:

Prebiotics are the ingredients used in food & beverage applications because of their functional properties. They are highly used in food & beverages & to impart nutritional value to many food items. With the development of food technology, the need of prebiotic ingredients has increased significantly in the past decade.

Drivers:

The major factors propelling the market are increasing awareness regarding obesity is resulting in sugar free or reduced fat products. This is estimated to propel prebiotics ingredients market demand. Consumers mainly prefer dairy products as the best source of prebiotics and rising investment and developments in dairy industry is triggering the growth of prebiotic ingredient market.

Latin America Prebiotic Ingredients Market Segmentation Analysis:

The Latin America Prebiotic Ingredients market is segmented on the basis of Type into Oligosaccharides, Inulin, and Polydextrose. Based on Application, the market is segmented as Food & Beverages, Dietary Supplements, and Animal Feed. Further, on the basis of Source, the market is segmented into Roots, Grains, and Vegetables.

Region Analysis:

Geographically the Latin America Prebiotic Ingredients Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. These countries are emerging economies, especially, Brazil and Mexico, and are thus expected to show substantial growth in the market.

Key Players in the Market:

Major Key Players in the Latin America Prebiotic Ingredients Market are

• GEA Group
• The Krones Group
• SPX Corporation
• Tetra Laval
• Alfa Laval
• IMA Group
• IDMC Limited
• A&B Process Systems
• Feldmeir Equipment, Inc
• Scherjon Equipment Holland B.V