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Prebiotic Ingredients Market Business Opportunities, Competitive Landscape and Industry Analysis Report by 2027
Prebiotic Ingredients Market: Health & Wellness Spending Continues to Create OpportunitiesPrebiotics, often overshadowed by the massive popularity garnered by probiotics, are finally getting their due - our new research finds demand for prebiotic ingredients has grown at nearly 6% annually since 2015, propelling global sales to the US$ 4.5 billion mark in 2018. As the global dietary supplements industry fights a 'perception battle', prebiotics are emerging as a bright spot. However, it is also pertinent to note that prebiotics still command a market value that pales in comparison to their popular counterparts, the probiotics; this continues to be a challenge for prebiotic ingredients suppliers.
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Some of the prominent market players features in this section include:
BENEO GmbH
Roquette Frères S.A.
Koninklijke FrieslandCampina N.V.
Ingredion Incorporated
Cargill, Incorporated
Kerry Group plc
Fonterra Co-operative Group Limited
Prebiotic Ingredients Market - Buoyed by Consumer Preference for 'Less-Marketing, More Science'
The surge in demand for prebiotic ingredients-although a recent phenomenon-is paradoxical. Over the years, many dietary supplements have faced a legitimacy crisis, as lack of scientific literature on their actual health benefits hasn't been really forthcoming. However, armed with humungous marketing budgets, the dietary supplements industry has prodded along. And, the status-quo hasn't entirely changed; instead, it has witnessed an evolution which has created space for 'less-marketing, more-science' based products-a playing ground more level and conducive for prebiotic ingredients manufacturers.
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Prebiotic Ingredients Market to Gain Momentum Owing to Rising Demand from Food and Beverage Industry
The growing demand for healthy beverage items worldwide is expected to promote the growth of the global prebiotic ingredient market. In the coming years, numerous dietary enhancements have confronted an authenticity emergency, as absence of logical writing on their genuine medical advantages hasn't been truly impending. In any case, equipped with humungous showcasing spending plans, the dietary enhancements industry has nudged along. Furthermore, business as usual hasn't completely changed; all things being equal, it has seen an advancement which has made space for 'less-promoting, more-science' based items-a playing ground more level and favorable for prebiotic fixings makers.
The global prebiotic ingredients market is classified on the basis of source, ingredients, end use, and region. In terms of source, the market is grouped into roots, cereals, vegetables, and others. Geographically, the market is dominated by North America, with Europe in close competition. Furthermore, the market in Asia Pacific will witness notable growth in the coming years owing to the increasing adoption of probiotics from supermarkets and hypermarkets.
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Asia Pacific also offers unique advantages in terms of sourcing prebiotic ingredients. Many countries in the region are agrarian, and the various prebiotic ingredients, including fructo-oligosaccharide, mannan-oligosaccharide, galacto-oligosaccharide, and inulin are easily available to prebiotic manufacturers. As is the case globally, inulin remains the ingredient of choice for prebiotic companies in Asia Pacific. Galacto-oligosaccharides and fructo-oligosaccharides follow suit, with mannan-oligosaccharides being the least preferred of all prebiotic ingredients.
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