Global Prebiotic Ingredient Market 2017-2021
About Prebiotic Ingredient
Prebiotic ingredients are non-digestible food components that stimulate the growth and activity of the colonic microflora. Prebiotics do not get digested in the small intestine. They are soluble fibers and are beneficial for the multiplication of good bacteria. Prebiotics are the nutrition source for good bacteria, and thus, they are good for the digestive health. Prebiotics are high in fiber. They are consumed as dietary fibers. Foods that are high in fibers are rich in prebiotics as well. Raw forms of chicory root, Jerusalem artichoke, dandelion greens, garlic, leeks, onion, and wheat bran are good sources of fiber. Therefore, prebiotic products derived from these sources are gaining the attention of manufacturers. Owing to the demand for naturally derived prebiotics, manufacturers prefer producing prebiotic ingredients from these sources.
Technavio’s analysts forecast the global prebiotic ingredient market to grow at a CAGR of 11.97% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global prebiotic ingredient market for 2017-2021. To calculate the market size, the report considers the sales of prebiotic ingredients for various applications such as foods and beverages, dietary supplements, and others, including animal feed, agriculture, and pharmaceuticals.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Prebiotic Ingredient Market 2017-2021
Technavio recognizes the following companies as the key players in the global prebiotic ingredient market: BENEO, Cargill, Ingredion, and Royal Cosun
Other Prominent Vendors in the market are: Jackson GI Medical, Nexira, Novagreen, Tereos, and Yakult Pharmaceutical Industry.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing preference for prebiotic fiber supplements. Consumers are showing interest in prebiotic fiber supplements. This is mainly due to the increasing awareness of health benefits of prebiotics among consumers. Consumption of prebiotic fiber supplements is the optimal way to consume the accurate amount of prebiotics in a daily diet. Considering this tendency in the market, many dietary supplement manufacturers are introducing prebiotic fiber supplements. For example, Jackson GI Medical offers Prebiotin Prebiotic Fiber, which is a prebiotic fiber supplement that gives an extra boost of healthy fiber. It is natural and gluten-free. Another example is ROQUETTE, a leader in specialty food ingredients and pharmaceutical excipients. The company markets NUTRIOSE, which is a prebiotic fiber. Thus, with the preference for prebiotic fiber supplements among consumers, the demand for prebiotic ingredients will increase, and this trend is expected to propel the growth of the global prebiotic ingredient market during the forecast period.”
According to the report, one of the major drivers for this market is Increased use of prebiotics in functional foods. The consumers are looking for food products made with ingredients that promote their health. The rising occurrence of diseases caused by changing lifestyle and unhealthy eating habits have made them more health conscious. Owing to which they are keen on selecting healthy food products. This has impacted the growth of functional food market across various countries. In order to improve the health, consumers are choosing food products made of healthy and high-quality ingredients. They are also aware of macro and micronutrients, which they need to take through food. Consuming regular diets such as fruits and vegetables will not meet the requirements of the body, and thus, functional alternatives are essential to meet the dietary requirements.
Further, the report states that one of the major factors hindering the growth of this market is High cost of production of prebiotic ingredients. The prebiotic ingredients are generally expensive as the cost of the production is very high. Most of the oligosaccharides with prebiotic content are generally obtained by the enzymatic treatment of cheap raw materials like sucrose, lactose, and plant derivatives. The amount and nature of oligosaccharides formed depend on the enzyme source, the concentration of the substrate, and reaction conditions. The low yield of the current process is increasing the production cost. More R&D activities should be carried out to improve the yield and to come up with more efficient production techniques. This incurs an additional cost to manufacturers. Owing to these reasons, manufacturers tend to quote high prices for prebiotic ingredients, and this is a challenge for various end-user industries.
BENEO, Cargill, Ingredion, Royal Cosun, Jackson GI Medical, Nexira, Novagreen, Tereos, and Yakult Pharmaceutical Industry.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook