Market Overview
The global prebiotic ingredients market is projected to register a CAGR of 12% during the forecast period (2019-2024).
- Prebiotics exert a plethora of health-promoting effects, owing to which, multi-million food and pharmaceutical industries are established. Since, there is a general increase in health consciousness across the world, and as probiotics and prebiotics are the recent synonyms for improved gut health, the market for prebiotic ingredients, such as inulin, is experiencing a visible growth.
Scope of the Report
The prebiotic ingredients market is studied for various ingredients primarily Inulin, FOS (fructooligosaccharides), GOS (Galacto-oligosaccharide) and Other Ingredients (Including MOS and Other Functional Fibers). Each of these ingredients holds a wide range of applications in products such as infant formula, fortified food, and beverage, dietary supplements, animal feed, and other products. In order to get a broad perspective of the market, each region with their year-on-year growth with total revenue generation will be provided in this report.
Key Market Trends
Increasing Demand For Nutraceuticals
Globally, nutraceutical products are gaining importance and are becoming a part of consumers’ daily dietary practice. The main reason for this growing popularity is the change in consumer lifestyle and increase in awareness. Increasing intake of high-fiber functional food and prebiotics by the food and beverage industry is linked to benefits, such as improved digestion, lower stress response, better hormonal balance, and a decrease in cardiovascular diseases. These benefits raise awareness among the consumers, which drives the market growth. Increasing importance of nutraceuticals, on account of the rising health awareness, consumer shift toward natural ingredients, and regulatory support intended to promote the inclusion of functional ingredients, is expected to fuel up the demand for inulin and FOS, as functional ingredients.
Europe Continue to Dominate The Global Market
Prebiotics has a multi-functional nature and is used to modify textural properties, such as creaminess, in a wide range of food and beverage products. Fructan prebiotics, such as inulin, are used to replace fat and sugar in various foods and beverages. European dietary supplement market is driven by increasing preference of consumers toward preventive health management practices. Encouragements from nutritionists and other health experts have also boosted the market for dietary supplements in the region.
Competitive Landscape
BENEO GmbH and TEREOS SA are the most active companies with numerous brands offering a broad range of prebiotic ingredients across the world. Prebiotic ingredients manufacturers are focusing on upgrading the products they offer and introducing na?ve formulations, including organic inulin. The companies have adopted strategic expansion as their key strategy to increase their geographical presence and customer base. Companies are increasing their investments in research and development (R&D) and expanding their distribution channels to maintain their position in the market.
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