Prebiotics Market To Hit Value $7.11 Billion By 2024 |Grand View Research, Inc.


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.
Prebiotics industry is fragmented with large number of companies involved in extraction and processing of prebiotics from raw materials. Some of the major manufacturers include Cargill Inc., Kraft Foods Group, Inc., Abbott Laboratories, Beneo GmbH and Bright Food (Group) Corporation Limited. Companies are focusing on setting up R&D with technological rise in extracting and refining the raw materials coupled with adoption of new food manufacturing technologies.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/prebiotics-market/request/rs4
Growing demand for supplements along with rising consumer perception regarding the health benefits of fiber is expected to promote the growth over next seven years. Rising cultivation and harvesting of prebiotic natural herbs in Europe is further projected to drive the 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.
Rising investment in Research & Development (R&D) by companies to develop new ingredients coupled with growing acceptance among consumers to pay premium price for food products that contain prebiotic ingredients has enabled the manufacturers to drive the active health management programs which in turn likely to drive the market growth over the forecast period.
Prebiotics has wide variety of applications including the texture enhancement and sweeten taste without any sugar content in food and beverages industry. The growing concerns with respect to the sugar diseases is expected to drive the product growth over the forecast period. In addition, the major prebiotic ingredients such as inulin and fructo-oligosaccharide (FOS) find their demand from products that require low-calorie sweetening taste, thus propelling the overall prebiotic sector growth over the forecast period.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-prebiotics-market
Inulin ingredient dominated the global prebiotic industry, accounting for 38.06% of global market revenue in 2015. The rising demand inulin in drinks and baked goods is expected to play a major role in driving market growth over the forecast period. Global product demand for galacto-oligosaccharides (GOS) was USD 637.3 million in 2015, growing at an optimistic CAGR of 9.6% from 2016 to 2024. The rising demand in the manufacturing of synbiotics and growing application in infant foods is expected to propel demand over next eight years.
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
Food & beverage dominated the global prebiotics industry, accounting for 82% of global market volume in 2015. The presence of healthy promoting colon microorganisms in product based food & beverages is expected to boost the application of prebiotics in food & beverages.
Global prebiotics demand for animal feed was USD 281.9 million in 2015, growing at an optimistic CAGR of 10.5% from 2016 to 2024. The growing importance of animal proteins and fortification of animal feed with bacteria that improve the gut health of animals is expected to boost the demand of prebiotics in animal feed.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more