Global Prebiotics Ingredients Market: Steady Growth of Dairy Industry to Generate Consistent Sales Outlet, notes TMR

The global prebiotic ingredients market is reasonably consolidated, with the top five players accounting for 39.4% of the market in 2011. Leading producers of prebiotics ingredients include FrieslandCampina Domo, Cargill Inc., Roquette America Inc., Beneo-Orafti SA, Beghin Meiji, Weetabix Ltd., and Cosucra Groupe Warcoing SA. In the coming years, the key strategy for leading manufacturers of prebiotics ingredients is the innovation of new products to combat the rising competition in the market. Collaborating with smaller players in developing regions such as Asia Pacific and Latin America are also likely to be popular strategies in the global prebiotics ingredients market in the coming years.

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The total volume of the global prebiotic ingredients market is expected to rise to 740.7 kilo tons by the end of 2016 and further rise to 875.9 kilo tons by the end of 2018.

Inulin to Remain Dominant Revenue Generator

By product type, the global prebiotics ingredients market is segmented into inulin, galacto-oligosaccharides, fructo-oligosaccharides, mannan-oligosaccharides, and others. Of these, inulin is likely to remain the dominant segment of the global prebiotics ingredients market in the coming years. Inulin held a share of 42% in the global prebiotics ingredients market in 2011 and the demand for it is likely to benefit from the rising awareness about its health benefits such as improved mineral absorption.

Of the key applications of prebiotics ingredients, the food and beverage industry emerged as the leader in 2011 with an overwhelmingly dominant share of 84%. Within the food and beverage industry, the rising demand for dairy is likely to have an influential role in the overall development of the prebiotics market in the coming years.

Geographically, Europe and Asia Pacific are the leading contributors to the global prebiotics ingredients market, with Europe holding a slight edge over APAC in 2011. This hierarchy is unlikely to change in the coming years, as both Europe and Asia Pacific are home to growing dairy industries.

Rising Demand for Dairy Products Likely to Drive Global Prebiotics Market

The increasing consumption of milk and other dairy products across the world is a key driver for the global prebiotics ingredients market. Prebiotics can be readily included in dairy products without affecting even their taste, which has resulted in the dairy industry holding a key role in the prebiotics ingredients industry. This is likely to remain a leading driver for the prebiotic ingredients market in the coming years, as both Asia Pacific and Europe have traditionally been major consumers of dairy products.

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The increasing awareness among consumers about the importance of gut health and the beneficial effect of prebiotics on the same is another leading driver for the global prebiotics ingredients market. An expanding demographic of health-conscious users in urban regions across both developed and developing regions is expected to remain an important driver for the prebiotics ingredients market in the coming years, as the rising disposable income of urban consumers will allow prebiotics manufacturers to present a wider product catalog and more refined premium products.

High R&D Costs to Remain Key Constraint

Despite the rising profit margins in the global prebiotic ingredients market, the high costs of conducting the necessary research into the applicability and safety of prebiotics have restricted the market. While the rising demand for prebiotics may encourage more players to enter the market, the high R&D costs of prebiotics ingredients are likely to limit the expansion potential of the prebiotic ingredients market.

The information in this preview comes from a Transparency Market Research report titled ‘Prebiotic Ingredients Market - Global Industry Analysis, Market Size, Share, Trends, and Forecast 2012 - 2018.’

The global prebiotics ingredients market is segmented as follows:

Prebiotics by ingredients:

Fructo-Oligosaccharides
Inulin
Galacto-Oligosaccharides
Mannan-Oligosaccharides
Others

Prebiotic market by application:

Food and beverages
Dairy products
Cereals
Baked food
Fermented meat products
Dry foods
Others

Dietary supplements
Food supplements
Nutritional supplements
Specialty nutrients
Infant formula

Animal feed

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This release was published on openPR.