Global
Prebiotic Ingredients Market: Snapshot
The
global prebiotic ingredients market is benefitting from the rising
demand for functional food ingredients in everyday food. Health-savvy
consumers looking for natural ingredients based food items coupled
with increasing purchasing power leading to high spending on natural
ingredients based foods are having a positive influence on the sales
of prebiotic based products. Key players in the market are leveraging
this opportunity to undertake initiatives to understand the
nutritional profile of foods, which in turn, helps understand their
health benefits.
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Apart
from this, rising acceptance of benefits of prebiotic based products
to help reduce obesity level is benefitting the prebiotic ingredients
market. As per the World Health Organization, the declining obesity
level among Americans since 2010, which is related to consumption of
prebiotic based products is leading to a sizeable demand for
prebiotics in this region.
However,
lack of knowledge among consumers about the difference between
probiotics and prebiotics is challenging the growth of the market to
some extent.
As
per a report by Transparency Market Research, the global prebiotic
ingredients market is likely to expand at a healthy 10.3% CAGR
between 2017 and 2025 in terms of revenue. Rising at this pace, the
prebiotic ingredients market is expected to attain a value of
US$7,687.9 mn by the end of 2025 from its estimated worth of
US$3,512.8 mn in 2017.
Demand
for Root Sourced Prebiotics Supersede Amongst other Sources
The
report divides the prebiotic
ingredients market into fructo-oligosaccharide,
galacto-oligosaccharide, mannan-oligosaccharide, inulin, and others
depending upon ingredient. Amongst all, inulin is estimated to hold
34.3% of market share by the end of 2017. This is owing to its vast
applications in food, beverage, confectionery, and bakery industries.
In terms of application, the segments into which the global prebiotic
ingredients market is divided are food & beverages, dietary
supplements, animal feed, and pet food.
By
source, the global prebiotic ingredients market is segmented into
vegetables, cereals, root, acacia tree, and others. Of them, root
segment is estimated to hold the leading 46.5% of market share by
2017- end. Root has emerged as a key segment as the demand for
prebiotics sourced from plant roots is higher than the one procured
from grains and vegetables.
Rising
Demand for Functional Foods Make Asia Pacific Leader
Geography-wise,
North America, Europe, Asia Pacific, Latin America, and the Middle
East and Africa are the key regions that divide the prebiotic
ingredients market in this report. Vis-à-vis volume and revenue,
Asia Pacific is predicted to dominate the overall market by the end
of 2017. Powered by China, the region is expected to display the
leading CAGR of 11.1% between 2017 and 2025 to attain a significant
share in the market in terms of revenue over the forecast period.
This is mainly because of rising awareness about functional foods and
affordability of the product. Furthermore, changing lifestyle and
rising consumer awareness about the importance of health-benefitting
foods is contributing to the growth of this regional market.
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 are the key vendors that operate in the
prebiotic ingredients market.
