Prebiotics Ingredients Market Outlook
The prebiotics market is predicted to register a CAGR of 9.7% during the 2017 to 2025 forecast period. A market research report predicts a US$8,794.7 million valuation of the market by 2025. The growth is anticipated to be supported by the increasing disposable income. Based on the report, the increased demand for functional foods and dietary supplements will drive growth in the market in the coming years till 2025. However, concerns regarding side effects will negatively affect the prebiotics market’s growth. The fluctuating prices of raw materials is anticipated to be another factor which could turn out to be a threat to companies during 2017 to 2025. The market report based on primary and secondary data reveals that type and applications segments will witness a healthy growth till 2025. While the increasing scope of application of prebiotics will support the market during the forecast period and the rising demand from many manufacturers will also help the market globally, the growth could be affected by the low demand from developing countries which could hinder business activities. Slow economic growth across developing countries is also expected to be responsible for stalled market growth till 2025.
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Market Forecast
Increasing health problems among the population is building the need for prebiotic ingredients in the market which has increased its application in various industries. Growing health-conscious population and increase in consumption of dietary supplements is boosting the growth of the prebiotic ingredients market Size.
Increasing awareness for health benefits of prebiotic ingredients in developing countries is supporting the growth of the market. Rising R&D investment and technological advancements are having positive impact on the growth of the market. However, stringent government regulations may hamper the growth of the prebiotic ingredients market Size. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 10.5% of prebiotic ingredients market Size during the forecast period 2017-2023.
Competitive Landscape:
Tactical moves ensure growth for major companies. They often include mergers, acquisition, collaboration, new product launch, market expansion, and other methods. Major market influencers are banking on these strategies and especially on geographical expansion.
Major profiled in the global prebiotic ingredients market Size are Cargill, Incorporated (U.S.), DuPont (U.S.), BENEO GmbH (Germany), Friesland Campina (The Netherlands), Ingredion Incorporated (U.S.), Nexira (France), Samyang Genex (Korea), and others.
Segmentation:
The global prebiotic ingredients market Size is based on type, source, function, and application.
Type-wise, the prebiotic ingredients market Size can be segmented into oligosaccharides, inulin, polydextrose, and others. Inulin is leading the market, and the situation is going to remain the same during the forecast period.
Source-wise, the prebiotic ingredients market Size is segmented into roots, grains, vegetables, and others. Root segment is leading following the demand generated by plant root. However, the vegetable segment can register moderate growth during the same period.
Function-wise, the prebiotic ingredients market Size includes gut health, bone health, immunity, heart health, and weight management. Gut health is leading the segment. However, growing concerns regarding obesity are expected to assist weight management segment in attaining substantial hike during the forecast period.
Based on application, the prebiotic ingredients market Size comprises bakery & confectionery, dairy & frozen desserts, dietary supplements, sweet & savory snacks, oil & fats, beverages, and others. Dietary supplement is the frontrunner. However, bakery & confectionery can expect high growth rate so is the dairy & beverage market during the forecast period.
Regional Analysis:
Geographical analysis of the prebiotic ingredients includes namely North America, Europe, Asia Pacific (APAC) and Rest-of-the-World (RoW).
Europe is spearheading the segment with a considerable amount of the revenue generated. The region has advanced research and development facilities which are proving beneficial in terms of discovering new products and launching them for use. At the same time, the region has recorded high inclination among the people towards functional food and beverages which resultantly, spurs the growth of prebiotic ingredients market Size.
North America is following the lead of Europe and is getting much traction from its people as they are getting aware of the prebiotics and have started consuming more. This growing consumption of dietary supplements in the U.S. is driving the prebiotic ingredients market Size ahead. The APAC is expected to grow with the fastest CAGR during the forecast period. Large population base in the region who are getting aware of the benefits of prebiotics can drive the prebiotics ingredients market further.
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