Prebiotics are defined as non-digestible food ingredients that selectively stimulate growth and advances metabolism of health-promoting bacteria in the intestinal tract. They occur naturally in fruits and vegetables, and are also available in the form of nutritional supplements, which offers maximum health benefits.
Major factors driving growth of the global prebiotics market include increasing demand in food & beverages for functional foods and drinks, and increasing disposable income in developed and developed countries. Increasing health awareness among consumers, new product launches, and rising demand for prebiotics supplements, owing to its various health benefits are other factors anticipated to fuel growth of this market over the forecast period. Increasing adoption of prebiotics to treat various gastrointestinal diseases, and increasing demand from dietary supplements, owing to high level of fibres are some other major factors expected to support growth of this market.
However, various side effects occur due to high consumption of prebiotics, and continuous fluctuation of raw materials required for production of prebiotics supplements are major factors expected to hamper growth of the global prebiotics market over the forecast period.
The global prebiotics market has been segmented on the basis of product, application, and region. On the basis of product, the global prebiotics market is segmented into FOS (fructo-oligosaccharide), inulin, MOS (mannan-oligosaccharide), and GOS (galacto-oligosaccharides). Inulin accounted for major revenue share among all product segment, owing to high demand in baked goods and dietary supplements.
On the basis of application, the global prebiotics market is segmented into food & beverages, dietary supplements, animal feed, and infant formula. Food & beverages accounted for highest revenue share of XX.X% as compared to other application segment, owing to high demand for functional food, cereals, and fermented meat products.
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On the basis of region, the global prebiotics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe is estimated to dominate the global market share in terms of revenue, owing to presence of several market players in countries in the region. The market in North America is expected to account of the second-highest revenue share, owing to increasing health awareness among individuals and a well-developed healthcare system in countries in the region.
Key players in this market include Cargill Inc., Kraft Foods Group, Inc., Abbott Laboratories, Beneo GmbH, Bright Food (Group) Corporation Limited, Beneo-Orafti SA, Cosucra Groupe Warcoing SA, GTC Nutrition LLC, Clasado Ltd., and Solvay Pharmaceuticals SA.