Prebiotic Ingredients Market Poised to Bring in $5.4 billion by 2021

Press Release   •   Jan 31, 2018 06:17 EST

According to the report, the global prebiotic ingredients market was valued at approximately USD 3.0 billion in 2014 and is expected to reach approximately USD 5.4 billion by 2020, growing at a CAGR of around 11% between 2015 and 2020. In terms of volume, global prebiotic ingredients market stood at 625-kilotons in 2014.

By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East of Africa. Europe dominated the prebiotic ingredients market with a share of over 40% in 2014, followed by the Asia Pacific and North America. The demand for prebiotics ingredient in Europe is attributed to the rising concerns for gut health, growing demand for dairy products, etc. The Asia Pacific was the second largest regional market owing to high demand from China, Japan, and India.

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Global prebiotic ingredients market is mainly driven by increasing health awareness among end-users. Prebiotics stimulates the growth of probiotics which are essential for better gut health. Increasing consumer awareness on the benefits of prebiotics, affordable pricing is also anticipated to fuel the growth of prebiotics market. However, stringent regulatory policies for the registration and labeling of ingredients and higher cost for the research and development of new ingredients are some of the factors restraining the growth of prebiotics market.

Based on the ingredient, the global prebiotic ingredients market can be segmented into inulins, fructo-oligosaccharides (FOS), mannan oligosaccharides (MOS), galacto-oligosaccharides (GOS) and others. Inulin was the largest segment, which accounted for over 40% of total market volume in 2014. Inulins increases mineral absorption while simulating the growth of intestinal bacteria. Galacto-oligosaccharide is another key ingredient accounted for significant market share in 2014. Mannan-Oligosaccharides is expected to exhibit the fastest growth during the forecast period. Mannan-Oligosaccharides help to increase calcium absorption and improvement of the digestive system.

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On the basis of applications, the prebiotic ingredients market has been segmented as food and beverages, dietary supplements and animal feed. Food and beverages were the largest application segment of the market accounting for over two-thirds shares of total volume consumed in 2014. Animal feed probiotics accounted for the second largest market share in the global prebiotics market and it is expected to witness robust growth in the years to come. A dietary supplement is also one of the important application markets for prebiotics and expected to experience significant growth between 2015 and 2020.

Prebiotics are dietary fibers that beneficially affect the host by selectively stimulating the growth and survival of good bacteria in the gut, and prevent the growth of harmful organisms. Prebiotics are nondigestible and therefore prebiotics offers low caloric value and efficiently used in low-calorie foods. This healthy bacterial growth helps to increase in intestinal biomass. Prebiotics act as food for these healthy bacteria, which help to improve gut health. Major sources of prebiotics are asparagus, onion, banana, garlic, root vegetables and others. Prebiotics like inulins, fructo-oligosaccharides, mannan oligosaccharides, galacto-oligosaccharides, etc. These ingredients are widely used in a vast variety of food products to boost the growth of probiotics. Major food products commonly fortified with prebiotic ingredients are dairy products, yogurts, bakery mixes, cakes and bread, table spreads, meat, etc.

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The major participants operating in the global prebiotics market include GTC Nutrition, Sensus, Clasado Ltd., Abbott Laboratories, BENEO-Orafti SA, Bright Food (Group) Corporation Limited, Cargill Incorporated, Cosucra Group Warcoing SA, Kraft Foods Group Inc., Friesland Campina Domo, Jarrow Formulas, Inc., Parmalat S.p.A., Roquette Freres, Royal Cosun, Yakult Honsha Co., Beghin Meiji, Stonyfield Farm, Jarrow, Roquette America and Kraft Foods, Inc.

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