Prebiotic Ingredients Market by Type (Oligosaccharides, Inulin, and Polydextrose), Application (Food & Beverages, Dietary Supplements, and Animal Feed), Source (Roots, Grains, and Vegetables), and Region - Global Forecast to 2023
“The prebiotic ingredients market is projected to grow at a CAGR of 10.4%.”
The prebiotic ingredients market is estimated at USD 4.07 billion in 2017, and is projected to grow at a CAGR of 10.4% to reach USD 7.37 billion by 2023. The market is primarily driven by factors such as adoption of healthier diets, which has led to an increased demand for clean label products, such as plant-sourced prebiotics. Another growth factor can be the multifunctionality of prebiotics ingredients. While volatile factors such as global climatic conditions that affect the production of raw materials such as vegetables, roots, and grains act as a major restraint for the growth of the prebiotic ingredients market. The increasing prices of raw materials is an important concern for prebiotic ingredient manufacturers, which consequently acts as a restraint to the prebiotic ingredients market.
“The dietary supplements segment is projected to grow at the highest rate during the forecast period.”
Prebiotic ingredients are being used as dietary supplements and this application is projected to grow at the highest CAGR among other applications. Prebiotic ingredients have many digestive and general health benefits such as the balance of gut microflora, and improvement in related conditions such as abdominal pain, bloating, and constipation. Due to all these properties, the consumption of these ingredients has increased.
“Oligosaccharides is projected to be the fastest-growing segment during the forecast period.”
Based on type, the market for oligosaccharides is projected to be the fastest-growing during the forecast period. Fructooligosaccharide (FOS), a type of oligosaccharides, is a water-soluble dietary fiber that is sweet and non-digestible; it is generally used as a sweetener. Being used as a sugar replacer it has a wide range of applications in the food industry, especially in bakery and confectionery. Thus, making it the fastest-growing segment.
“On the basis of source, roots are projected to form the largest market during the forecast period.”
Based on the source of the prebiotic ingredients, roots are projected to form the largest segment. As the amount of prebiotic ingredients present in the roots is the highest among the other sources, manufacturers prefer the extraction of these ingredients through roots.
“Asia Pacific is projected to register the highest growth rate during the forecast period.”
Asia Pacific is projected to be the fastest-growing market over the next six years. Industrial growth and improvements in the food industry have opened new opportunities for the prebiotic ingredients market in this region. Also, the presence of several end-user pharmaceutical companies of prebiotic ingredients indicates high demand for prebiotics ingredients in Asia Pacific.
Break-up of Primaries:
By Company Type: Tier 1 – 60%, Tier 2 – 25%, and Tier 3 – 15%
By Designation: Director-level – 35%, C-level – 40%, and Manager Level – 25%
By Region: North America – 20%, Europe –30%, Asia Pacific – 40%, and RoW – 10%
The key players profiled in this report are as follows:
• BENEO (Germany)
• Cargill (US)
• DuPont (US)
• FrieslandCampina (Netherlands)
• Fonterra (New Zealand)
• Kerry Group (Ireland)
• Ingredion (Ingredion) (US)
• Yakult Pharmaceutical (Japan)
• Royal Cosun (Netherlands)
• Beghin Meiji (France)
• Nexira (France)
• Samyang Genex (South Korea)
The report segments the prebiotic ingredients market on the basis of application, source, type, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the prebiotic ingredients market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get a comprehensive overview of the prebiotic ingredients market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the prebiotic ingredients market is flourishing
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