(I-BusinessNews.Com, February 01, 2020 ) The prebiotic ingredients market is estimated at USD 4.07 billion in 2017, and is projected to reach a value of USD 7.37 billion by 2023, at a CAGR of 10.4%. The market is segmented on the basis of application, type, source, and region. The types of prebiotic ingredients include oligosaccharides, inulin, and polydextrose. On the basis of application, the market is segmented into food & beverages, dietary supplements, and animal feed. The market has been segmented on the basis of source into roots, vegetables, grains, and others (seeds, fruits, and algae). On the basis of key regions, the prebiotic ingredients market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
The prebiotic ingredients market is driven by factors such as wide range of application in the food & beverage industry, rising healthy diet, and multifunctional nature of prebiotic ingredients.
On the basis of application, the dietary supplements segment is projected to grow at the highest CAGR from 2017 to 2023. Dietary supplements containing prebiotic ingredients have many digestive and general health benefits, such as improvement in the balance of the gut microflora, improvement of intestinal functions such as bulking and regularity, increase in calcium absorption & improvement in bone density, and enhancement of immune function.
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Based on source, the market for prebiotics sourced from grains is projected to grow at the highest CAGR during the forecast period. Grains that have a prebiotic content include raw wheat bran and baked wheat flour, which are products obtained from wheat grains. Wheat bran provides 5% prebiotic fiber, by weight. It can be consumed by adding it in morning cereal, yogurt, or by blending it into smoothies.
The Asia Pacific region is projected to be the fastest-growing market for prebiotic ingredients from 2017 to 2023. Key markets in the Asia Pacific region include China, India, Japan, and Australia. The growth in this region is attributed to the rapid economic growth which is driving the demand for quality food & beverage and feed, especially in China, India, Malaysia, Indonesia, Singapore, and South Korea, which, in turn, drives the demand for prebiotic ingredients.
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Companies such as BENEO (Germany), Cargill (US), DuPont (US), and FrieslandCampina (Netherlands) have acquired a leading market position through the provision of an expansion and broad product portfolio, along with a focus on diverse end-user segments. They are also focused on innovations and are geographically diversified.
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