The
global prebiotics ingredient market is likely to present a stiff
competition because of several players operating in the industry.
According to a report by Transparency Market Research, the key
companies in the industry are focusing in improving their products
with the help of research and development. These strategies are
likely to keep the companies ahead in the competition and will help
them gain more shares in the coming years. Some of the key vendors in
the market that operate with prebiotics ingredient are Cargill
Incorporated, Cosucra Warcoing S.A., Jarrow Formulas Inc.,
Koninklijke Friesland Campina N.V., and BENEO GmbH,
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The
global prebiotics ingredient market is expected to rise at a
remarkable CAGR of 10.3% during the forecast period of 2017 to 2025.
The estimated worth of global prebiotics ingredient was US$3,512.8 mn
by 2017 and is expected to attain revenue value of US$ 7,687.9 mn by
the end of 2025. According to source segment, prebiotic ingredients
market is led by root segment. It held 46.5% market share during
2017. Geographically, Asia pacific is the leading region compared to
other region due to China. China is expected to lead with a CAGR of
11.1% during 2017 to 2025.
The
rise in demand for functional food ingredient in everyday food is
expected to boost the market for prebiotic ingredient market. Health
savvy consumers are engaging in food based with natural ingredient
for a healthy lifestyle. Increase in disposable cash has led to
increase in purchasing power thus increasing the demand for
prebiotics ingredients. The key players in market are engaging in
research and development to increase the nutritional value of food to
deliver better and healthy food products to the customers. Prebiotics
help in reducing obesity and has various health benefits, these
factors are benefiting the market for prebiotics ingredients.
According to World Health Organization, there has been decline in
obesity level due to consumption of prebiotic based products. This is
leading to a sizeable increase in demand for the same. The increase
in demand for functional food ingredient in daily diet will bring
growth opportunities and positive influence in the global prebiotic
ingredients market. The awareness among consumers regarding
health and health benefiting food will also increase the sales of
prebiotic based products. The market is expected to witness an
increasing demand due to increased awareness about consumption of
prebiotics and probiotics. The prebiotics companies are also engaging
in spreading awareness around the globe.
The
lack of knowledge among customers about the basic difference between
prebiotics and probiotics will be hampering the growth of the market.
The global market of prebiotic ingredients will be largely affected
due to this factor. The fruitful marketing of probiotics as a health
enhancer as compared to prebiotics is negatively affecting the growth
of prebiotic products in the market. The expensive cost involved in
the research and development of prebiotic ingredient will hamper the
growth of market. Manufacturing of prebiotic ingredients are also
very expensive thus leading to sluggish growth in the market.
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