The
global prebiotic ingredients market has been predicted to present a
stiff competition due to the presence of several players operating in
the industry. As per a report penned by Transparency Market Research
(TMR), players could focus on improving their product offerings with
the help of extensive research and development. This has been
expected to keep them ahead of the competition and speed up their
pace of gains in the coming years. Some of the leading participants
of the market could be Jarrow Formulas Inc., BENEO GmbH, Cosucra
Groupe Warcoing S.A., Koninklijke Friesland Campina N.V., and Cargill
Incorporated.
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The
global prebiotic ingredients market, according to TMR, has been
prognosticated to expand at a CAGR of 10.3% between 2017 and 2025. By
2025, the market could garner a revenue earning of US$7.6 bn after
advancing from a US$3.5 bn valuation achieved in 2017. By source,
root has been projected to continue with its dominance in the market
in terms of share. In 2017, it had secured a share of 46.5%. Expected
to rise at an 11.1% CAGR, Asia Pacific could dominate the market
until the end of the forecast period.
Increasing
Usage of Functional Food Ingredients in Daily Diet Enlarges Demand
The
world prebiotic ingredients market has been foreseen to invite strong
growth opportunities with the intensifying demand for functional food
ingredients used in daily diet. The sales of prebiotic-based products
could be positively influenced by improved expenditure on
health-benefiting foods due to the increase in purchase power and
health awareness among consumers on the global platform.
The
market growth has been envisaged to be stoked by increasing awareness
about the health benefits of consuming probiotics and prebiotics. It
could gain strength as leading prebiotics brands take initiatives to
raise the awareness around the globe. Awareness programs undertaken
by Yakult in Europe could be a good instance to consider. The uptake
of food items containing prebiotics could be encouraged with the
swelling acceptance of the benefits of using prebiotic-based products
to control obesity.
Stronger
Marketing of Probiotics over Prebiotics Suppresses Rise in Growth
The
international prebiotic
ingredients market has been foretold to be negatively
impacted by the lack of knowledge to differentiate prebiotics from
probiotics. Another factor that could hinder the growth of the market
could be the fruitful marketing of probiotics compared to prebiotics
when it comes to the role of a health enhancer.
While
all of these factors could pose a challenge for market players, there
could be sound growth prospects taking shape in the coming years. The
high demand for natural ingredients and foods that include them has
been envisioned to set the tone for a significant growth in the
international prebiotic ingredients market. The success of consuming
prebiotic-based food products to bring down the obesity level in the
U.S. could result in a massive demand for prebiotic ingredients. The
report has offered a detailed view of more factors that could augment
the demand in the market for the coming years.
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