Prebiotics Ingredients Market Overview:
Global Prebiotics Ingredients Market was valued at $4,000 million in 2016, and is projected to reach $8,621 million by 2023, registering a CAGR of 11.8% from 2017 to 2023. Prebiotics are carbohydrates that enhance the growth or activity of beneficial bacteria in human gut, and are non-digestible by digestive enzymes and acids. Vegetable & fruits such as bananas, wheat bran, onions, leek, garlic, and others are sources of these carbohydrates. These further enhance immunity, aid in digestion problems, increase absorption of calcium & magnesium in the body, and reduce the risk of cancer. Rise in demand for prebiotics in dietary supplements particularly in infant foods, increase in consumer awareness related to health benefits of prebiotics, and surge in use of prebiotics in poultry feed to improve productivity of animals are expected to drive the market growth.
The global prebiotics ingredients market is segmented based on ingredients, application, functionality, bacterial activity, source, brand, and geography. Based on ingredient, it is divided into insulin, oligosaccharides, polydextrose, and others. Based on application, it is categorized into food & beverages, dietary supplements, and animal feed. Functionality segment is divided into gut health, cardiovascular health, bone health, immunity, and weight management. Bacterial activity is classified into bifidobacteria, lactic acid bacteria, and others. Based on source, market is divided into roots, vegetables, and grains. Brand segment is categorized into oliggo-fiber, osmoaid, orafti Hpx, domo vivinal GOS, and fibregum. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Global Prebiotics Ingredients Market Segmentation
Asia-Pacific is expected to witness the highest growth rate in the market, owing to high demand from the emerging economies such as India, China, and Indonesia among others. In addition, growth in female participation in labor force is expected to increase the demand for prebiotics in infant formula. Moreover, increased disposable income, busy lifestyle, rise in standard of living, and growth in awareness about the health benefits of prebiotics further boost the market growth in Asia-Pacific.
Top Investment Pockets
The food & beverages segment accounted for the largest share in 2016 due to its ease of incorporation in a wide range of food products. High consumption of fast food containing excess sugar, fat, and calories has increased the risk of hypertension, adverse lipid concentrations, and type 2 diabetes. Thus, disorders related to consumption of unhealthy food and growth in instances of chronic diseases globally have led to increased consumption of prebiotics. Animal feed is among the other attractive application, owing to the rise in use of prebiotics in poultry feeds to improve the animal & broilers productivity. The segment is estimated to grow at CAGR of 11.6% from 2017 to 2023.
Global Prebiotics Ingredients Market: Top Investment Pockets, by Application
In 2016, the inulin segment accounted for the highest share in 2016, growing at a CAGR of 12.5% from 2017 to 2023. Inulin is easily available from natural sources such as garlic, bananas, and wheat. It helps to control blood sugar & cholesterol, improve digestive health, lowers risk of cancer, and has no side effects.
Latin America Review
As per Euromoney Institutional Investor, in 2013, Latin Americas food & beverages industry accounted 10% to country's GDP, generating a revenue of $225 billion. Furthermore, growth in the food & beverages industry is expected to fuel the market of prebiotics ingredients. Brazils prebiotics ingredients market is expected to witness significant growth in the near future due to new product development in infant formulations and dairy products.
Latin America Prebiotics Ingredients Market, 2016-2023 ($Million)
The key players profiled in the report include Beneo GmbH, Cargill Incorporated, E. I. Du Pont De Nemours and Company, FrieslandCampina, Ingredion Incorporated, Samyang Genex, Nexira, Beghin Meiji, Royal Cosun, and Yakult Pharmaceutical Industry Co., Ltd.
The other key market players (not profiled in this report) in the value chain include Roquette America, Inc., Abbott Nutrition, Clasado Ltd., Jarrow Formulas, Sensus, Beneo-Orafti SA, GTC Nutrition, Weetabix, Kraft Foods, Inc., Cosucra Groupe Warcoing SA, Stonyfield Farm, Solvay Pharmaceuticals SA, Beghin Meiji, Roquette America, Inc., and Parmalat S.p.A
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global prebiotics ingredients market to elucidate the prevailing opportunities and tap the investment pockets.
- It offers qualitative trends and quantitative analysis of the global market from 2016 to 2023 to assist stakeholders to understand the market scenario.
- In-depth analysis of the key segments demonstrates the key ingredients of prebiotics ingredients and their application.
- Competitive intelligence of the industry highlights the business practices followed by key players across geographies and the prevailing market opportunities.
- Key market players and the strategies and developments are profiled to understand the competitive outlook of the market.
Prebiotics Ingredients Market Key Segments:
- Fructo-Oligosaccharides (FOS)
- Galacto-Oligosaccharides (GOS)
- Falacto-Fructose (GF)
- Food & Beverages
- Dairy Products
- Bakery & Confectionery
- Meat Products
- Sports Drinks
- Dietary Supplements
- Nutritional Supplements
- Infant Nutrition
- Specialty Nutrition
- Animal Feed
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East