The global prebiotics market is expected to reach USD 7.11 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for fiber rich food products is expected to drive the market.
Rising investment in the food & beverage industry for innovation and development of new food products enriched with prebiotics coupled with rising demand in dietary supplements application particularly in infant foods is expected to propel market growth over the forecast period. In addition, rising use of prebiotics in animal feed is expected to drive the demand. Growing emphasis on improving overall health is also expected to fuel product demand over the next eight years.
Emergence of prebiotics as an alternate to antibiotics is expected to fuel demand in animal feed applications. Increasing dairy production is expected to have a positive impact on market over the next eight years.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/prebiotics-market
Further key findings from the report suggest:
·
Inulin accounted for over 40.0% of the global
prebiotics market in 2015 in terms of revenue. Rising health benefits coupled
with easier availability from natural sources including banana, garlic is
expected to drive the market demand. Inulin is also widely used to treat
diabetes owing to its increased antioxidant activity thus propelling demand.
·
Galacto-oligosaccharides (GOS) accounted for a
significant share owing to growing use in dietary supplements. GOS have several
health benefits including improving bone mineralization by improving calcium
absorption, preventing colon cancer, stimulating bifidobacteria growth and
substituting human milk oligosaccharides. These health benefits are expected to
drive the market demand.
·
North America demand for prebiotics was valued
over USD 280.0 million in 2015. Rising demand for prebiotics enriched food
products among consumers in the region to improve their digestive health is
expected to drive the market demand. Prebiotic dietary supplements are expected
to witness significant growth owing to rising focus on preventive healthcare.
·
Dietary supplements application is expected to grow
at a fastest CAGR on account of increasing consumption in Europe and North
America owing to rising health consciousness among consumers and growing
importance of prebiotics in weight management in the region. Growing innovation
in the field of prebiotic rich protein/fiber supplements is expected to propel
growth over the forecast period.
·
Global prebiotics industry was highly fragmented
on account of presence of numerous players. FrieslandCampina Domo, Paramus, NJ,
was a key market player in 2015. The company product portfolio includes
functional peptides and hydrolysates, bioactive proteins and
galacto-oligosaccharides for use in nutraceutical products. Friesland markets
its prebiotics under the brand name, Vivinal GOS intended for fruit juices and
milk products.
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this category @ http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global prebiotics market on the basis of application and region:
Global Prebiotic Ingredient Outlook (Revenue, USD Million, 2013 - 2024)
·
Fructo-oligosaccharide (FOS)
·
Inulin
·
Galacto-oligosaccharides (GOS)
·
Mannan-oligosaccharide (MOS)
·
Others(Oligosaccharides, chicory fructans, HMO,
XOS)
Global Prebiotic Application Outlook (Revenue, USD Million, 2013 -
2024)
·
Prebiotic food and beverages
·
Dairy products
·
Cereals
·
Baked food
·
Fermented meat products
·
Dry food prebiotics
·
Others
·
Prebiotic dietary supplements
·
Food supplements
·
Nutritional supplements
·
Specialty nutrients
·
Infant foods
·
Animal feed prebiotics
Global Prebiotic Regional Outlook (Volume, Kilotons; Revenue, USD
Million, 2013 - 2022)
·
North America
·
U.S.
·
Europe
·
Germany
·
Asia Pacific
·
China
·
Latin America
·
Brazil
·
Middle East & Africa
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