The
presence of a large number of companies renders stiff competition in
the global prebiotic ingredients market, states Transparency Market
Research in a new study. Key vendors in the market are hard-focused
on intensive research and development to enhance their product
offerings, which will help them accelerate their pace of gains and
help them stay ahead in the game.
Prominent
participants in the global
prebiotic ingredients market include Cargill Incorporated,
Koninklijke Friesland Campina N.V., Cosucra Groupe Warcoing S.A.,
BENEO GmbH, Jarrow Formulas Inc., Fonterra Co-operative Group
Limited, Dairy Crest Group plc, Gova BVBA, The Tereos Group, S.A.A
Olygose and Clasado Biosciences Limited, Yakult Honsha Co. Ltd.,
Ingredion Incorporated, Kerry Group plc, Roquette Freres S.A., Sensus
America Inc., Cooperatie Koninklijke Cosun U.A., Prenexus Health,
Jackson Gl Medical, and The New Francisco Biotechnology Corporation.
“Food
and beverage companies are highly focused on research and development
to augment the nutritional and multifunctional profile of foods,”
says the author of the study. Driven by this and various other
factors, the global prebiotic ingredients market is projected to
attract a revenue of US$7, 687.9 mn by the end of 2025 from an
estimated worth of US$3,512.8 mn in 2017 at a 10.3% CAGR.
Among
the key ingredient segments, inulin is estimated to hold 34.3% share
of the market by the end of 2017. Amongst the various source type
segments that the market offers, root is estimated to hold the
leading 46.5% market share. Geography-wise, Asia Pacific is expected
to emerge as an attractive market; the region is predicted to
dominate in terms of both volume and revenue by the end of 2017.
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Benefits
of Reduced Obesity Level Spurs Uptake in the U.S.
The
increasing demand for functional food ingredients in daily diet is
predicted to present opportunities for players in the global
prebiotic market. Rising health awareness among consumers and
increasing purchasing power leading to high spending on
health-benefitting foods are positively influencing sales of
prebiotic based products.
Apart
from this, initiatives taken by leading brands of prebiotics to raise
awareness about the health benefits of prebiotics and probiotics is
stoking growth of prebiotic ingredients market. For example, in
Europe, Yakult has undertaken an awareness program to raise about the
health benefits of prebiotics and probiotics amongst European
consumers.
Rising
acceptance of benefits of prebiotic based products to help with
obesity is driving the uptake of prebiotic food items. The U.S. has
traditionally witnessed high levels of obesity with the number of
adult and child obesity cases on the rise since the 1980s. However,
as per the World Health Organization, the declining obesity level
among Americans since 2010, which is related to consumption of
prebiotic based food items is expected to account for sizeable demand
for prebiotics in this region.
Further,
rising awareness among consumers about the health benefits of food
items with natural ingredients is expected to positively influence
sales of prebiotic based products.
Lack
of Product Knowledge among Consumers Crimps Growth
On
the downside, factors such as successful marketing of probiotics over
prebiotics as a health-enhancer, and lack of knowledge among
consumers about the difference between probiotics and prebiotics is
posing a challenge to the growth of prebiotic ingredients market.
The
review is based on a report by TMR, titled “Prebiotic Ingredients
Market (Ingredients – Fructo Oligosaccharide, Galacto
Oligosaccharide, Mannan Oligosaccharide, and Inulin; Application –
Food & Beverages (Dairy Products, Cereals & Bakery, and Meat
Products), Dietary Ingredients (Nutritional Supplements, Specialty
Nutrients, and Infant Formulae), Animal Feed, and Pet Food; Source –
Vegetables, Cereals, Root, and Acacia Tree) - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”
The
global prebiotic ingredients market is segmented as follows:
Global
Prebiotic ingredients market – By Ingredients
- Fructo-oligosaccharide
- Galacto-oligosaccharide
- Mannan-oligosaccharide
- Inulin
- Others
Global
Prebiotic ingredients market – Applications
- Food & Beverages
- Dairy Products
- Cereals & Bakery
- Meat Products
- Others
- Dietary Ingredients
- Nutritional Supplements
- Specialty Nutrients
- Infant Formulae
- Animal Feed
- Pet Food
Global
Prebiotic ingredients market – By Source
- Vegetables
- Cereals
- Root
- Acacia Tree
- Others
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