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Albany, New York, Aug. 02, 2018 (GLOBE NEWSWIRE) -- The global prebiotic ingredients market is considered as a highly competitive market with a large number of players operating in it worldwide, states a new market intelligence study by Transparency Market Research. The key players in the market are aiming on the research and development activities, which are likely to generate potential growth opportunities in the coming few years. In addition to this, the expansion of the product portfolio is predicted to help the leading players in enhancing their market penetration across the globe. Some of the leading players operating in the prebiotic ingredients market across the globe are BENEO GmbH, Jarrow Formulas Inc., Cosucra Groupe Warcoing S.A., Cargill Incorporated, and Koninklijke Friesland Campina N.V. The rising mergers and acquisitions is further estimated to accelerate the growth of the overall market throughout the forecast period.
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As per the market intelligence study by Transparency Market Research, in 2017, the global market for prebiotic ingredients was worth US$3.5 bn. The market is predicted to reach a value of US$7.6 bn by the end of 2025. The market is likely to register a promising 10.30% CAGR between 2017 and 2025.
Asia Pacific to Witness Healthy Growth Rate in the Coming Few Years
The global prebiotic ingredients market has been classified on the basis of geography into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. In the last few years, Asia Pacific accounted for a large share of the overall market and is further estimated to remain in the similar position throughout the forecast period. The high growth of this region can be attributed to the rising awareness among consumers regarding the functional foods and the affordability of the products. In addition to this, the changing lifestyle of consumers and the increasing consumer awareness concerning the importance of healthy foods are some of the other factors that are predicted to enhance the growth of the prebiotic ingredients market across Asia Pacific in the next few years.
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The global market for prebiotic ingredients has been bifurcated into inulin, fructo-oligosaccharide, mannan-oligosaccharide, galacto-oligosaccharide, and others. Among these, inulin segment is predicted to hold a large share of the global market and register a potential growth rate in the coming few years. The rising number of application is predicted to enhance the growth of the overall market in the next few years. Furthermore, on the basis of source, the global market has been divided into cereals, acacia tree, vegetables, root, and others. The root segment is projected to witness a strong growth in the coming few years. The rising development activities in this field is projected to enhance the growth of the overall market in the next few years.
Increasing Consumer Awareness to Accelerate Market Growth
The rising demand for functional food ingredients is one of the major factors that is expected to encourage the growth of the global prebiotic ingredients market throughout the forecast period. The rising awareness among consumers and the increasing preference of consumers towards healthy food are some of the other key factors that are estimated to accelerate the growth of the overall market in the coming few years. Furthermore, the increasing development activities and the enhancement of the distribution network are estimated to accelerate the growth of the overall market in the coming few years.
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This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Prebiotic Ingredients Market (Ingredients - Fructo Oligosaccharide, Galacto Oligosaccharide, Mannan Oligosaccharide, and Inulin; Application - Food & Beverages (Dairy Products, Cereals & Bakery, and Meat Products), Dietary Ingredients (Nutritional Supplements, Specialty Nutrients, and Infant Formulae), Animal Feed, and Pet Food; Source - Vegetables, Cereals, Root, and Acacia Tree) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
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The global prebiotic ingredients market has been segmented as below:
Global Prebiotic Ingredients Market: Ingredient
Global Prebiotic Ingredients Market: Application
Global Prebiotic Ingredients Market: Source
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