Prebiotics are a specific type of food. Though most food ingredients are digested immediately; prebiotics are healthy non-digestible food ingredients. They are heat resistant, hence unaltered even in the baking process, which enables them to be used in everyday food choices. Prebiotics effect occurs when there is a rise in the activity of healthy bacteria in the intestines of humans. This helps the growth of healthy bacteria, such as lactobacilli and bifidobacteria in the gut, thus increasing the resistance to invading pathogens. The increased consumption of non-digestible ingredients allows growth of bio-cultures that reach the intestine unaffected by the digestion process, which helps in good digestive health.
The global prebiotics ingredients market was estimated at USD XX billion in 2015, due to a huge demand for dietary supplements, especially for infant foods. The market is estimated to grow at a CAGR of XX% till 2021, with a market value of USD XX billion, currently. Prebiotics are also in demand due to the rising investment in food & beverage industry for development and the innovation of new food products that are enriched with prebiotics.
One of the main factors driving the global prebiotic ingredients market is the growing demand for prebiotics in animal feed. The major focus on improving the health is also expected to fuel the market during the forecast period. Another boost to the market is the rising demand for fiber-rich food products.
Prebiotics usage in functional food has increased, which has resulted in the highest revenue generation for the food & beverage industry, as consumers are shifting their focus to a healthy diet. Another major reason for the growth of this market is the usage of prebiotics in various applications, which gives a lot of options to the consumers.
The market is segmented according to the type into - inulin, fructo-oligosaccharide (FOS), galacto- oligosaccharide (GOS) and mannan-oligosaccharide (MOS). Regarding revenue, the inulin segment has accounted for 38% of the global prebiotics ingredients market. The growing health benefits, with easy availability from natural sources such as garlic and banana, are going to drive the market in future. Inulin is also vastly used to treat diabetes, due to its high antioxidant properties. GOS has a significant share, as well, due to its rising use in dietary supplements. It has several benefits such as improving bone mineralization by improving calcium absorption, stimulating bifidobacteria growth, curing or preventing colon cancer, and substituting human milk oligosaccharides.
By application, this market is divided into - food & beverage, dietary supplements, specialty nutrients, and animal feed. Food & beverage industry is leading this segment due to the health benefits of functional food ingredients. The dietary supplements sub-segment is projected to grow fast during the forecast period. Under the food and beverage industry, dairy is by far the largest market for prebiotics, which is also forecasted to grow in the next five years. Further segmentation is by health benefits such as - gut health, bone health, immunity, heart health, and weight management.
By geography, the market has been segmented into North America, Europe, Asia-Pacific, South America, and Africa. North America accounted for a market value of USD 285 million in 2015. The growing demand for prebiotics enriched food products among consumers is driving the North American market, as it is mainly focused on improving the digestive health of consumers. Europe is the largest market due to the increased usage of dietary supplements. Consumers are increasingly becoming health-conscious, and the high importance of prebiotics in weight management is a major reason for the growth of this market.
The European market is also fueled by the prebiotic ingredient manufacturers expanding their business through new applications such as snack and meat products. The US market continues to drive the demand for Fructans, which is also the largest product segment in the region. Asia-Pacific is a fast growing market, with a major demand from China and India.
Some of the major players capturing the probiotics market include:
â€œCanada invests in advanced dairy & prebiotic technology.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. KEY FINDINGS OF THE STUDY
4. MARKET OVERVIEW
4.1 Market Dynamics
18.104.22.168 Increased Use of Prebiotic in Functional Food
22.214.171.124 Numerous Health Benefits of Prebiotics
126.96.36.199 Increased Health Awareness Among Consumers
188.8.131.52 Regulatory Constraints
184.108.40.206 High Cost Involved in Research and Development
220.127.116.11 Growth Opportunities in Developing Regions
18.104.22.168 Technological Advancements
4.1.4 Porter's Five Forces Analysis
22.214.171.124 Bargaining Power of Buyers
126.96.36.199 Bargaining Power of Suppliers
188.8.131.52 Degree of Competetion
184.108.40.206 Threat of New Entrants
220.127.116.11 Threat of Substitutes
5. MARKET SEGMENTATION
5.1 Market Segmentation
5.1.1 By Type
18.104.22.168 Fructo- Oligosaccharide (FOS)
22.214.171.124 Galacto- Oligosaccharide (GOS)
126.96.36.199 Mannan- Oilgosaccharide (MOS)
188.8.131.52 Others (Disaccharides, Resistant Starch, Polydextrose)
5.1.2 By Application
184.108.40.206 Food & Beverage
220.127.116.11.2 Bakery and Confectionery
18.104.22.168.4 Dry Food Products
22.214.171.124.5 Non- Dairy Products
126.96.36.199 Dietary Supplements
188.8.131.52 Specialty Nutrients
184.108.40.206 Animal Feed Prebiotics
5.1.3 By Health Benefits
220.127.116.11 Gut health
18.104.22.168 Bone health
22.214.171.124 Heart health
126.96.36.199 Weight Management
5.1.4 By Geography
188.8.131.52 North America
184.108.40.206 South America
220.127.116.11.1 South Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies in The Past Five Years
6.3 Most Preferred Strategic Approach by Major Companies
6.3.1 COMPANY PROFILES
6.3.3 Beghin Meiji
6.3.4 Beneo-Orafti SA
6.3.5 Cargill. Inc
6.3.6 Kerry Ingredients
6.3.7 Cosucra Groupe Warcoing SA
6.3.8 Ingredion Incorporated
6.3.9 Royal Cosun
6.3.10 Yakult Pharmaceutical Industry co.ltd
6.3.11 Abbott Nutrition
6.3.12 GTC Nutrition
6.3.13 Clasado Ltd
6.3.14 Stonyfield Farm
6.3.16 FrieslandCampina Domo
6.3.18 Roquette America, Inc.
7. Fonterra Cooperative Group