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Prebiotic Ingredients Market worth 6.91 Billion USD by 2022
The report "Prebiotic Ingredients Market by Type (Oligosaccharides, Inulin, and Polydextrose), Application (Food & Beverages, Dietary Supplements, and Animal Feed), Source (Roots, Grains, and Vegetables), and Region - Global Forecast to 2022", The global prebiotic ingredients market is projected to reach USD 6.91 Billion by 2022 in terms of value, at a CAGR of 11.6% from 2017.
Browse 126 market data tables and 53 figures spread through 184 pages and in-depth TOC on “Prebiotic Ingredients Market by Type (Oligosaccharides, Inulin, and Polydextrose), Application (Food & Beverages, Dietary Supplements, and Animal Feed), Source (Roots, Grains, and Vegetables), and Region - Global Forecast to 2022”
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Prebiotics are widely accepted ingredients in food & beverage applications owing to their functional properties. Prebiotic ingredients stimulate the growth and maintain gut microbiota, which is beneficial for humans. It is highly used in food & beverage applications & to add nutritional value to several food products. With the advances in food technology, the requirement of prebiotic ingredients has grown at a substantial rate over the past decade. Inulin, oligosaccharides such as FOS, MOS, and GOS have expanded the application areas of prebiotic ingredients in the food & beverage, animal feed & dietary supplements, thus driving the overall market for prebiotic ingredients.
Inulin projected to be the largest segment
Inulin accounted for the largest market share in the prebiotic ingredient market in 2016, due to its wide range of applications in the food & beverage and animal feed & dietary supplements industries. Inulin can be extracted from a wide variety of sources such as wheat, bananas, asparagus, garlic, asparagus, sunchoke, and chicory and finds uses in a wide range of food applications such as dairy products, confectionery products, milk desserts, yogurt, cheese, baked goods, ice scream, and sauces.
Food & beverages: The most widely preferred prebiotics application
The food & beverages segment accounted for the largest share in the prebiotic ingredients market, in terms of value, in 2016. Multi-functional nature of prebiotic ingredients, ease of incorporation in a wide range of applications and increase in health consciousness among consumers are the key drivers of the prebiotic ingredients market. With the increase in awareness about health & nutrition products among the global population, wide applications in prebiotic ingredients and positive investigations for health benefits create a platform for newer applications of prebiotics, which drives the increasing demand and market growth for prebiotic ingredient-based food products.
Europe estimated to be the most lucrative market for prebiotic ingredients
In 2016, the Europe region held a significant share in the global prebiotic ingredients market and Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Positive investigations for health benefits create platform for newer applications of prebiotics, increase in consumer awareness regarding value-added products, and tapping the emerging markets in China, India, and Brazil have led to the growth in opportunities in the Asia-Pacific region for prebiotic ingredients.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as BENEO GmbH (Germany), Cargill, Incorporated (U.S.), E.I. du Pont de Nemours and Company (U.S.), FrieslandCampina (Netherlands), and Ingredion Incorporated (U.S.).
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