Prebiotics Market size over $7.5bn by 2023
Prebiotics Market size is set to exceed USD 7.5 billion by 2023; according to a new research report by Global Market Insights, Inc.
Global prebiotics market size should witness consumption at over 1.3 million tons by 2023. Positive dairy demand indicators and strong awareness for dietary supplements & nutrition should drive industry growth demand. They are predominantly found in natural foods including garlic, asparagus, fruits, onion, legumes, and whole grains.
This ingredient improves fiber content & texture and enhances product functionality, is thereby used in various food applications. Increasing usage of prebiotics in dietary supplements and functional foods should complement product demand. Robust F&B growth across India, China, South Korea, Mexico, Brazil and Poland should have a positive impact over the foreseeable future.
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Increasing occurrences of various diseases which include diabetes, intestinal or gut related diseases and cardiovascular should create consumer knowledge for offered benefits, which should enhance F&B industry penetration.
Mannan-oligosaccharide (MOS) prebiotics ingredient may witness highest gains at over 10%. These ingredients are obtained from saccharomyces cerevisiae yeast and used to develop animal feed formulations for improving gut health of poultry, aquaculture, bovine, and swine.
High product and application development increases raw material concerns which may hinder prebiotics industry profitability. EFSA has set stringent guidelines for the usage of GOS and FOS on substitution of health claims.
Browse key industry insights spread across 110 pages with 113 market data tables & 16 figures & charts from the report, “Prebiotics Market” in detail along with the table of contents:
Europe prebiotics market size from food & beverage applications is set to exceed 420 kilo tons by 2023. Increasing prevalence of obesity and diabetes in this region should drive industry growth.
Animal feed prebiotics market should witness highest growth at over 9.5%. It has shown benefits in animal’s performance, digestion and immune system. Prebiotics facilitate immune system and thereby improve animal gut health.
Asia Pacific inulin market should witness significant gains. Inulin is present in every day food including banana, onion, asparagus, garlic, and wheat. It can be used to improve texture, taste, and moisture in foods. Fermented meat consumption, will see over 10% growth, using these ingredients to improve texture, fat replacement and improve fiber functionality.
Latin America, led by Brazil prebiotics market size should witness significant gains over the foreseeable future. New product development in infant formulations and dairy products should stimulate regional industry growth.
Global prebiotics market share is fragmented with key notable companies including Cargill, FrieslandCampina, and Beneo. Other industry participants include Abbott Laboratories, Jarrow Formulas, Roquette, Kraft Foods Group, and Parmalat.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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