Prebiotics market size forecast to exceed USD 7.5 billion by 2023: Global Market Insights Inc.
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“Global prebiotics market share continues to be fragmented, with FrieslandCampina, Beghin, Cargill, Roquette and Beneo catering to less than 35% of the total demand in 2015.”
The volume of the global Prebiotics market was evaluated at 672.40 kilo tons during year 2015 with a CAGR of about 9.4% during the estimated period of 2016 to 2023. Growing awareness about healthcare and rising demand for dairy items are few of the factors driving the growth & expansion of the global industry.
Further, the change in the focus of the customers towards low calorie diets and the strong market presence of Prebiotics in European continent are few other aspects predicted to add substantially to the growth & expansion of the global Prebiotics market during the estimated span.
Rising focus on enhancing digestive health in the developed markets of Europe and North America is predicted to encourage the demand for Prebiotics in these regions.
Growing utilization of Prebiotics in dietary supplements & functional foods is predicted to add substantially towards the growth of the product. Further, growing product utilization in food & beverage section due to growing obesity concerns is predicted to promote the growth of the global Prebiotics market.
Enhanced utility of Prebiotics in the dairy sector due to heavy economic benefits is projected to increase the demand for Prebiotics during the forecasted period. Growing concerns about healthcare enhanced use of Prebiotics in dairy items and rising demand for Prebiotics from dairy sector owing to consumer trend of sugar & fat (or calorie) reduction has grown the sale of Prebiotics ingredients. All these factors have added to the expansion of the global Prebiotics market. Also strong Prebiotics market in Europe and other such aspects have contributed to the growth of the industry.
But the high price involved in the research and development of the Prebiotics ingredients and strict rules for registration and classification of new ingredients in European continent and USA are predicted to hamper the growth of the global Prebiotics market future. Further, high industry visibility for probiotics, strict legislations and lack of standard marketing techniques for Prebiotics are the factors hindering the growth & expansion of the global Prebiotics market.
Prospective business solutions like implementation of innovative marketing strategies, creating customer awareness on advantages of Prebiotics use and implementation of affordable costing techniques in order to explore upcoming markets can offer new business growth avenues for the ingredients of the global Prebiotics market.
Rise in levels of fatness in humans owing to heavy consumption of sugar & calorie based diets enhances the possibility of high blood pressure, type 2 diabetes and adverse lipid concentrations. Intake of Prebiotics helps probiotics to grow and this helps human immune system fight chronic ailments. This is predicted to promote the demand and growth of global Prebiotics market.
Based on the ingredients, the global Prebiotics market is bifurcated into Oligosaccharides, Polydextrose, Inulin and others. Oligosaccharides are further divided into Galacto-oligosaccharides, Mannan-oligosaccharides and fructo oligosaccharides.
Others include lactulose, Xylo- oligosaccharide, soy-oligosaccharides, lactiol and lactosurcore.
Inulin is the most extensively utilised ingredient in global Prebiotics market due to its easy accessibility from natural sources like wheat, garlic and bananas. Further, many health benefits of Inulin like slow digestion process, growing fullness and cholesterol regulation makes it most sought ingredient of Prebiotics. Additional heath advantages like blood sugar regulation, improvement in digestive health and minimization of risk of cancer is predicted to stimulate the growth of the global industry during the estimated span. Minimal side effects of the use of Inulin are projected to boost the growth of the global Prebiotics market in future.
Fructo oligosaccharides section helps in stimulating the development of healthy bacteria that resolves problems of digestion. Galacto oligosaccharides have diverse health advantages like colon cancer prevention, bifidobacterial growth, growing calcium absorption and improvement in internal immune system of human body/anatomy.
Based on the application, the global Prebiotics market is divided into animal feed, food & beverages and dietary supplements. Food & Beverages section is further bifurcated into cereals, dry or baked foods, sports drinks, dairy products, fermented meat items, bakery & confectionery and others.
Food & Beverages section led the global Prebiotics market during year 2015. Growing cases of chronic ailment specifically in developed of Europe and North America along with rising demand for sugar & calorie free items is predicted to fuel the growth of the global industry during the estimated span. Dietary supplements section includes specialty nutrients, food supplements, infant formula and nutritional supplements.
Growing utilization of Prebiotics in animal feed to increase the total health & metabolism of animals is predicted to stimulate the global Prebiotics market during the forecasted span. In addition to this, utilization of Prebiotics in cattle feed to enhance the immune system, digestion and performance of animals is predicted to stimulate the industry growth. Further, flourishing dairy sector due to its growing focus on healthy lifestyle and food service growth is predicted to stimulate the use of Prebiotics in animal feed in future. Increasing reliance on animals as a protein source is projected to stimulate the growth of the global Prebiotics market in future.
Dairy products segment is the biggest segment of the food & beverages section contributing maximum revenue share to the total share of the global Prebiotics market. Dietary supplements section is one of the rapidly growing sections. It is projected to play a key role in production of revenue in future.
With growing efforts in research & development activities, modernization and new product launches, the animal feed section is also witnessed as a potential lucrative section for ingredients of Prebiotics.
Depending upon the source, the global Prebiotics market is bifurcated into roots, vegetables and grains.
Based on the health benefits, the global Prebiotics market is divided into skin health, immunity, heart health, weight management, bone health and digestive health.
Depending upon the geographical locations, the global Prebiotics market is divided into four geographical locations, namely, subcontinent of North America, European continent, APAC zone and rest of the world.
The Prebiotics market of European continent is predicted to grow substantially due to customer awareness about Prebiotics and growing concern about digestive health improvement. Enhanced utility of Prebiotics in dietary supplements and functional foods in the continent due to rise in proportion of fibre contents, high functionality and improved quality are the factors predicted to fuel the industry demand in the continent.
The Prebiotics market of Europe is mainly featured by constant launching of new products in all sections. Europe leads the global Prebiotics market as it contributes maximum share. Key aspect that stimulates the demand for Prebiotics ingredients in Europe is growing consciousness among people about significance of Prebiotics ingredients. Current industry trends reveal that Europe will maintain its leading market position during the estimated period.
The Prebiotics market of APAC zone follows European market and is predicted to grow strongly during the estimated period. The reason behind the growth of the market in APAC zone is heavy demand for Prebiotics from developed economies like Japan of APAC zone. Further, growing customer awareness about health advantages of Prebiotics along with rise in chronic ailments due to inactive lifestyle among the youths of the zone is predicted to boost the growth of the industry in the Asia Pacific zone during estimated span.
Browse key industry insights spread across 111 pages with 113 market data tables & 16 figures from the report, “Prebiotics Market Size By Ingredient (Inulin, GOS, FOS, MOS), By Application (Animal Feed, Food & Beverages [Dairy, Cereals, Baked Goods, Fermented Meat, Dry Foods], Dietary Supplements [Food, Nutrition, Infant Formulations]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:
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