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Prebiotics Market Analysis By Ingredient, Application, Dietary Supplements, Growth Potential, Price Trends, Forecast 2024
Strong indicators for growth in dairy consumption along with positive scope in dietary supplements and functional food should drive prebiotics market size. Growing occurrences of various diseases including obesity, diabetes, and cardio vascular diseases (CVD) should rise awareness levels among consumers and offers benefits associated with these ingredients thereby boosting functional food & dietary supplements market, resulting into industry growth. Prebiotics Market may surpass USD 9.5 billion by 2027; according to a new research report.Rise in strong R&D spending by various food & beverage manufacturers along with innovative technologies to develop products may drive prebiotics market in dietary supplement applications in order to reduce obesity rate. Most of the manufacturers are focusing on producing and offering innovative natural ingredient solutions for the health-conscious population.
Shift in trend towards change in lifestyle along with increasing preferences towards healthy eating habits are the major factors driving the industry growth.
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Dairy product based applications may exceed USD 6 billion in sales by 2024. Various benefits such as rise in calcium absorption, mouthfeel enhancement and fibre enrichment in the body along with increase in yogurts, frozen desserts and drinkable dairy smoothies consumption will enhance prebiotics demand.
Fructo-oligosaccharide (FOS) prebiotics market may witness significant gains at over 9% by the end of projected period. They are made of plant sugars linked in chains and helps in increasing calcium absorption which is an important consideration for pre-and post-menopausal women. FOS have other beneficial physiological effects like improved mineral absorption, phospholipids, decreased level of serum cholesterol, and low carcinogenicity, thus fueling prebiotics demand.
Food & beverage applications may surpass USD 6.5 billion by 2024. Prebiotics are usually found in fermented milk, fruit and vegetables, dairy products, cereals, dairy fruit beverages and custard. They improve organoleptic characteristics, thereby enhancing taste and mouth feel. Rise in functional foods consumption and growing health consciousness among individuals may drive industry growth.
Animal feed prebiotics market may register growth at over 9.5% by the end of forecast timeframe. They are primarily used in livestock applications to prevent diseases and enhance immune system of livestock. Rise in meat consumption and ban of antibiotics in animals accompanied with strict government regulations regarding the usage of product will boost industry growth.
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Inulin prebiotics market may exceed USD 3 billion by 2024. It is a type of fructan and oligofructose carbohydrate, and is considered a functional plant-based ingredient which enhances digestion process. Inulin is used to improve bowel function and gut health, maintains heart health and is non-allergenic and safe for majority of people to consume, thereby stimulating market growth.
Europe, led by France, UK, and Germany prebiotics market may register over 9% gains by the end of projected period. Growing food & beverage industry and rising incidences of chronic disease like diabetes and diarrhea along with consumer awareness towards gut heath for infants and adults should stimulate regional industry growth.
Asia Pacific, driven by China, Japan and India prebiotics market may surpass USD 2.5 billion by 2024. Growth in nutraceutical industry along with strong application outlook in animal feed due to rise in meat consumption for protein intake should boost product demand. Global prebiotics market share is fairly consolidated with prominent players including Beneo GmbH, Cargill, Abbott Laboratories, Friesland Campina, and Yakult Pharmaceutical.
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