The Global Market for Prebiotics is Projected to Reach $8.9 Billion by 2024
Rising
Awareness of the Brain-Gut Connection and the Resulting Focus on Maintaining
Gut Health Drives Strong Growth in Demand for Prebiotics, According to a New
Report by Global Industry Analysts, Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Prebiotics market. The
global market for Prebiotics is projected to reach $8.9 billion by 2024, driven
by myriad health and wellness benefits offered by prebiotics in enabling
beneficial bacteria to grow and thrive to promote intestinal/gut health,
mineral and nutrient absorption, and immunity.
Probiotics
ensure that gut functions are at their best always. However, even the powerful
probiotic bacteria need some help from prebiotics if they are to give their
best performance at all times. Prebiotics are nothing but the food needed by
probiotics offering them help in surviving in the hostile gut environment with
all the powerful acids and enzymes present. Prebiotics constitute a carb type
which cannot be broken down by the body. The non-digestible food constituent
prebiotics passes through the body intact, helping food easily move through the
system and promoting immune and digestive health. With growing number of
studies indicating the impact gut bacteria have on overall wellbeing and
immunity, demand for prebiotic products that help enhance the microflora
ecosystem are gaining immense attention. Myriad benefits that are driving
growing adoption of prebiotics include promoting improved absorption of
magnesium, calcium and other minerals; enhancing the volume of useful or good
bacteria and restricting growth of bad bacteria; inhibiting growth of
carcinomas, adenomas and other lesions in the gastrointestinal tract; reducing
risks factors associated with colorectal diseases; and maintaining intestinal
consistency and bowel pH, among others.
Strong
growth is projected for the market in the coming years driven by the growing
awareness about the integral role of the gastrointestinal (GI) tract in
managing interactions between the brain and the digestive system and the
resulting focus on maintaining optimum gut health. Mounting evidence indicates
that when gut bacteria feed on prebiotic fibers, they produce anti-inflammatory
short-chain fatty acids known to lower the gut’s pH as well as deliver numerous
health benefits such as decreased appetite, desirable blood sugar and strong
immunity. Another important growth driver is the robust demand from food and
beverage applications including but not limited to health drinks, dairy products,
beverages, meat products, bakery products, nutrition bars, infant food, pet
food, green foods, mineral supplements and weight
loss products. Additional growth drivers include the growing significance
of gut health in promoting heart health; surging popularity of functional
foods; and plethora of potential applications that include addressing various
food allergies; abetting skin health; prevention of eczema; prevention of heart
ailments; and prebiotic-fortified clinical nutrition products. Consumer
migration away from wheat that constitutes around 70% of the dietary fiber is
expected to considerably increase significance of prebiotic supplements. Perceived
effectiveness of prebiotics in addressing various infant health concerns such
as infants becoming sensitized to infant formula as well as linking health of
the mother’s gut
microbiome with fetal development are also poised to benefit market
expansion in the long run.
As
stated by the new market research report on Prebiotics,
Europe represents the largest market worldwide. Aging population, presence of
leading manufacturers, high spending power of consumers, focus on preventive
healthcare, the desire to stay healthy and maintain active lifestyles as well
as foray of European prebiotic ingredient producers into new fields of
applications such as snack and meat products represent key growth drivers in
the region. Asia-Pacific represents the fastest growing market with a CAGR of
13.1% over the analysis period. Expanding middle class population with high
disposable incomes, unpenetrated and underpenetrated nature of the market,
aggressive retail marketing, Westernization of food habits, and robust
production and consumption of functional foods and beverages represent key
growth drivers in the region.
Key
players in the market include Abbott Nutrition, Beghin Meiji S.A., BENEO-Orafti
SA, Cargill, Incorporated, Clasado Biosciences Ltd., Coöperatie Koninklijke
Cosun U.A., Danone SA, DuPont Nutrition & Health, Fonterra Co-operative
Group Limited, Ingredion Incorporated, Jarrow Formulas, Inc., Kerry Group plc,
Kirkman Group, Inc., Nestlé S.A., Nexira SAS, Royal FrieslandCampina N.V.,
Weetabix Limited, and Yakult Pharmaceutical Industry Co., 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, drivers, mergers, acquisitions and other strategic
industry activities of major market participants. The report provides market
estimates and projections for major geographic markets including the United
States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Application
types analyzed in the report include Animal Feed, Dietary Supplements, and Food
& Beverage. Product segments analyzed for the US market includes
Mannan-Oligosaccharide (MOS), Fructans (Fructo-Oligosaccaride (FOS), and
Inulin), and Others.
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enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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