Market Overview
Global prebiotic ingredients market, which is estimated to grow at a CAGR of 10.5% during the forecast period 2017-2023.
Prebiotics are the dietary fiber that triggers the growth of bacteria having positive effects on the intestinal flora. Prebiotics act as a fertilizer for the good bacteria which are already present in the gut of the human body. Prebiotic ingredients provide many digestive and general health benefits such as gut health, bone health, immunity, heart health, and weight management. The most used prebiotic ingredients include oligosaccharides, inulin, polydextrose, and others. These ingredients can be easily sourced through roots, grains, and vegetables. Owing to their high health beneficial attribute, they are applied in various industries such as bakery and confectionery, dairy and frozen desserts, dietary supplements, sweet and savory snacks, oil and fats, beverages, and others.
Market Forecast
Increasing health problems among the population are 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.
Increasing awareness of the health benefits of prebiotic ingredients in developing countries is supporting the growth of the market. Rising R&D investment and technological advancements are having a positive impact on the growth of the market. However, stringent government regulations may hamper the growth of the prebiotic ingredients market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 10.5% of the prebiotic ingredients market during the forecast period 2017-2023.
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Downstream analysis
The prebiotic ingredients market is segmented based on types such as oligosaccharides, inulin, polydextrose, and others. Inulin is dominating the market among others and is expected to continue growing over the forecast period.
Based on the source, the prebiotic ingredients market is segmented into roots, grains, vegetables, and others. Among all, the roots segment is dominating the market. However, a vegetable segment is witnessed to grow at a moderate rate during the given period.
Based on function, the prebiotic ingredient market is segmented into gut health, bone health, immunity, heart health, and weight management. The functionality of prebiotic ingredients for gut health is dominating among others. However, weight management is a growing concern among the population and the market of prebiotic ingredients is expected to grow substantially in weight management.
Based on the application, the market is segmented into bakery and confectionery, dairy and frozen desserts, dietary supplements, sweet and savory snacks, oil and fats, beverages, and others. A dietary supplement is dominating the market. However, the bakery and confectionery market is projected to grow over the forecast period followed by the dairy market and beverage market.
Competitive analysis
The major players in the prebiotic ingredients market
- Cargill, Incorporated (U.S.)
- DuPont (U.S.)
- BENEO GmbH (Germany)
- Friesland Campina (The Netherlands)
- Ingredion Incorporated (U.S.)
- Nexira (France)
- Samyang Genex (Korea)
Regional Analysis
The global prebiotic ingredients are segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). Europe is dominating the market followed by North America. U.K, France, and Germany are the major contributors to the prebiotic ingredients market in Europe. Growing consumption of dietary supplements in the U.S. is driving the prebiotic ingredients market in North America.
The Asia Pacific is witnessed to be the fastest-growing region. Growing health issues followed by increasing health awareness in India, China, Japan, and Australia is expected to boost the prebiotic ingredients market in this region. Latin America and the Middle East regions are anticipated to be the emerging markets. Moreover, France, Belgium, and the Netherlands are the major exporters of prebiotic ingredients sourced from plant roots.
Market Segmentation
The prebiotic ingredients market is segmented based on type, source, function, application, and region.
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