Find the growth drivers contributing in Prebiotics Market? Key Players Cargill, Friesland Campina, Abbott Laboratories and Yakult Honsha
Supporting regulatory guidelines set forth by EU and FDA pertaining towards ban of using antibiotics growth promoters (AGPs) in feed & food ingredients should drive prebiotics market growth. Antibiotics leave trace behind and create resistance in human and livestock which makes the disease untreatable. Prebiotics do not cause such complication and are used as a nutritional supplement for optimal human and livestock growth.
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Global prebiotics market size may witness consumption of over 1.35 million tons by 2024. Rise in consumer awareness regarding healthy diet consumption leads to increase in food & feed ingredients demand which have a positive influence for growth in dietary supplement market size. They are indigestible dietary supplement which facilitates growth of useful bacteria in gut helping fight chronic disease along with improving digestion, metabolism, immune system and overall health of livestock and human.
Europe led by, UK, France and Germany prebiotics market size, is anticipated to witness over 9% gains. Increasing packaged food consumption owing to busy work life schedule is likely to boost regional industry growth. European consumers are willing to pay premium prices for products & programs which involve preventive health management. Increasing consumer awareness for gut health for infants & adults along with growing concern towards diseases which include diarrhea and diabetes should contribute towards product demand in the region.
Prebiotics market size from dietary supplements applications should surpass USD 750 million by 2024. Increasing consumer awareness towards weight loss and calorie reduction in China, India, Japan and Australia should drive product demand over the forecast timeframe. Excessive consumption of alcohol, junk food and smoking habit has led to rising incidences of obesity, diabetes and cardiac arrest, thereby leading to increasing nutraceutical demand.
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Lactose, acacia gums, starch and chicory roots are key raw materials used in the production process. France, Belgium and Netherlands are major exporting countries and supply base for chicory roots and acacia gums. Fluctuation in availability of raw materials can affect prebiotics market price trend.
Fructooligosacccharides (FOS) prebiotics market size should witness gains at over 9%. FOS are non-digestible fibers which plays a significant role for promoting probiotic bacteria growth in gastrointestinal tract. They are helpful in treating high cholesterol levels, constipation and diarrhea.
Prebiotics market size from dairy product applications should witness gains at over 9%. Inulin is majorly used in dairy products as it replaces fats & sugar and enhances texture & taste of low calorie based products. Key benefits include fiber enrichment, mouthfeel enhancement and growth in calcium absorption. Rise in dairy products consumption which includes yogurts and frozen desserts will boost product demand.
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Asia Pacific, dominated by China, India and Japan prebiotics market size, expects significant gains at over 9.5%. Growth in livestock production for meat consumption and increase in nutraceuticals demand owing to change in lifestyle from hectic schedule should drive product demand.
Global prebiotics market share is competitive and moderately fragmented with the presence of some presence of some industry participants which include Cargill, Friesland Campina, Abbott Laboratories and Yakult Honsha. These players are concentrated highly in product innovation and creating synergies with other players sharing resources and technology propagating global industry growth.
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