Global Market for Prebiotics is Projected to Surpass US$5.9 Billion by 2020

New Applications in Animal Feed Drives the Prebiotics Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Prebiotics markets. Global market for Prebiotics is projected to surpass US$5.9 billion by 2020, driven by expanding applications beyond the food industry and into the animal feed sector. 

Growing demand for healthy foods guided by increasing consumer awareness on nutrition and health has long been driving growth in the prebiotics market. Scientific studies highlighting the numerous health benefits of prebiotic ingredients have additionally helped spur use in food products such as health drinks, beverages, meat products, bakery products, nutrition bars, infant food, pet food, mineral supplements and weight loss products. Key factors currently driving growth in the market include strong interest in health maintenance by aging baby boomers, launch of public health campaigns aimed at spreading awareness over the importance of healthy diets, and strong growth of the dairy industry supported by consumer preference for fat-free and sugar-free milk products.

Growing concerns over antibiotic resistance, excessive use of growth promoters, ban on antibiotics in animal feed, and emphasis on safe food production, are encouraging increased consumption of prebiotics in the animal feed sector. Increased focus on digestive health of livestock such as swine, poultry, cattle, and aquaculture is helping drive demand for prebiotics fortified animal feed. Growing popularity of prebiotics, probiotics and synbiotics based pet food is additionally driving consumption patterns in the market. Against a backdrop of increasing companion animal population and rising per capita expenditure on pets, manufacturers are focusing on building branded prebiotic animal feed products in a bid to leverage the proffered opportunities.

Emerging applications in the cosmetic industry also represents a major trend, with prebiotics increasingly being used as an ingredient in skin products for treating eczema, and acne, among others. Manufacturers are currently focusing on developing premium, value-added prebiotic products that feature purified ingredients. Fructans, galacto-oligosaccharides (GOS), xylo-oligosaccharides (XOS) and mannan-oligosaccharide (MOS) are gaining huge interest, largely due to their numerous scientifically proven benefits.

As stated by the new market research report on Prebiotics, Europe represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 14% over the analysis period. New product launches, expanding middle class population, rising income levels, aging population and increased per capita spending on health maintenance products, represent key factors driving growth in the region.

Key players covered in the report include Beghin Meiji, Beneo-Orafti SA, Cargill Inc., Cosucra Groupe Warcoing SA, GTC Nutrition, Royal Cosun, Sensus, Abbott Nutrition, Clasado Ltd., FrieslandCampina Domo, Jarrow Formulas Inc., Roquette America Inc., and Weetabix Ltd., among others.

The research report titled “Prebiotics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in value for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), and Rest of World.

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