Prebiotics Market Overview
The global Prebiotics Market is estimated to reach a value of USD 8,794.7 million by 2025. It can expand at a CAGR of 9.7% during the forecast period (2017-2025). Changing lifestyles of consumers due to hectic schedules and the emphasis on digestive health can drive the global market growth. The scope for prebiotics due to the rising wave of its health benefits has led to its inclusion in foods and beverages. Rising prevalence of lifestyle-related diseases such as obesity and diabetes can drive the market demand exponentially.
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Inclusion of probiotics in the dietary plans of nutritionists and dieticians combined with a surge in promotional activities by product manufacturers can drive the global Prebiotics Market growth. Awareness of gut health in animals has brought prebiotics to the forefront of discussion in animal nutrition. Applications in cosmetics and pharmaceuticals can spur the market demand till the end of the forecast period.
Competition Outlook
Cargill, Incorporated (US), BENEO GmBH (Germany), Clasado Biosciences Ltd (UK), Roquette Frères SA (France), Cosucra Groupe Warcoing SA (Belgium), Royal FrieslandCampina NV (Netherlands), Kerry Group PLC (Ireland), Ingredion Incorporated (US), Tereos Starch & Sweeteners SAS (France), and EW Nutrition GmbH (Germany) are prominent names in the global Prebiotics Market. Product launches, acquisitions, and mergers are strategies being incorporated by companies to gain leverage in the intense competition.
Industry News
Danone, one of the prolific manufacturers of dairy products, has launched a new line of organic whole milk. The line named Horizon Organic Growing Years has been developed in collaboration with pediatricians for delivering vital nutrients for children between the ages of 1 and 5. It contains prebiotics for feeding the bacteria in the gut and promoting good health.
Market Segmentation
The global Prebiotics Market is segmented by type and application.
By Type, it is segmented into galacto-oligosaccharides, fructo-oligosaccharides, inulin, and others. The inulin segment had dominated the market in 2018 with more than 37% market share. This can be attributed to the ability of the prebiotic in stimulating the growth of bifidobacteria. The prebiotic is used in enriching the fiber content in foods and development of functional foods.
By Application, it is segmented into dietary supplements, functional food & beverages, and others. Functional food beverages are further segmented into breakfast cereals, infant nutrition, dairy products, beverages, and others. Among these, dietary supplements can exhibit a CAGR of 10% during the forecast timespan. On the other hand, the functional food & beverages segment can showcase a stellar CAGR of 6% during the forecast period.
Regional Analysis
Europe, Asia Pacific (APAC), North America, and Rest-of-the-World (RoW) are the main regions considered during the compilation of the market report.
Europe is predicted to be the dominant region in the global Prebiotics Market till 2025. It can exhibit 9.2% CAGR during the assessment period due to heavy demand from the U.K., Germany, and France.
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The APAC region is expected to fetch in a high windfall for the global market due to the expansion of the food sector. In addition, the inclination of consumers towards healthy snacks and beverages can augur well for the market till 2025. Entry of various players in the region can intensify the completion but ensure a constant demand. The large number of infants born annually in India has warranted the need for products which can ensure their health and lower their mortality rates. Nearly 25 million babies are born annually in the country but with a high reported mortality rate of 41 deaths per 1000 live births.
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