Prebiotics Market to Expand At a Growth Rate Of 7% CAGR Owing To the Rising Prevalence of Hectic Lifestyle
The global prebiotics market is assumed to grow splendidly in the foreseen years till 2023 with changing lifestyles and trend of consumption of food. Likewise, with a desire to stay healthy coupled with hectic life has
pune, India – February 14, 2019 /MarketersMedia/ —
Market Definition:
The global prebiotics market is assumed to grow splendidly in the foreseen years till 2023 with changing lifestyles and trend of consumption of food. Likewise, with a desire to stay healthy coupled with hectic life has created a demand for prebiotic supplements for the body. Prebiotics is related as a non-digestible food ingredient that compels the growth of microorganisms particularly in the large intestine of a human body. Several food products like tomato, grains, banana, and others contain prebiotic which helps in maintaining health and wellness by proper digestive deeds in the body.
The prebiotic fibers also aid digestive issues like constipation and diarrhea. The prebiotic market share is gaining strong popularity at the global level.
Factors Driving the Global Prebiotic Market:
In the manufacturing of medicine, prebiotic products are used which commendably reduces stress level, improve sleep, memory, fat, control asthma and more. These functions contribute a good part in the prebiotic market growth. On the other side, with increasing demands for dietary elements, prebiotic products are used to accelerate the needs. In the food and beverages sector, the usage of prebiotic products is more, especially in dairy products. High research and development in prebiotic sectors have added major concerns to grow the market. In this regard, some major companies are introducing novel prebiotic ingredients such as xylo-oligosaccharides (XOS) which will constructively support the market growth.
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The upcoming challenge that the prebiotic market comes through is stricter regulation for registration and labelling of new ingredients. The prebiotic sector is sensitive yet popular one which works for human wellbeing and health status. Some of the significant factors that are in support of the global prebiotic market is increasing demand for food and beverages and disposable incomes in developed countries. Rising the launch of new products, health benefits, and more are some major factors influencing the prebiotic market to spread its wings at the global level.
As per key findings by MRFR, the global prebiotic market is likely to reach an important position. These products are also found in natural foods like fruits, garlic, onions, whole grains and more. With a rise in food and beverage sector introduction of new food products may further grow the market. In the manufacturing of infant foods, the prebiotic products are used for easy digestion of food. These factors are thereby boosting the overall market development.
Key Players of the Market:
Some of the key players profiled in the global Prebiotic Market are Angel Yeast (China), Danisco (Denmark), Beneo (Germany), Biospringer (France), Lesaffre (France), Clasado Ltd. (England), GTC Nutrition (US), and Parmalat S.p.A. (Italy), among others.
Competitive Outlook:
The pharmaceuticals and cosmetic companies are also on the verge of exploring the use of prebiotics by implementing several strategies as merging, collaboration, teaming research mechanism, marketing, and partnership to support the increasing competition in the global prebiotic market.
Market Segmentation:
The global prebiotic segment is segmented by source, delivery format, and application.
By source, the market has chicory root, vegetables, fruits, nuts, oilseeds, and grains. Among these, vegetable sources account as the maximum proportion in the global prebiotic market and then follows the chicory root.
By delivery format, the market segment has capsules, powders, chewable, tablets, and liquid. Of these, capsules are preferred on the top, next comes liquid and chewable. Capsules are considered as an easy intake and help patients to recover faster.
Based on application, the prebiotic market segments into fiber supplement, infant formula, dietary products & supplements, breakfast cereals, and others. Of these, dietary supplements win the race in the market growth, followed by confectionery. However, currently, people are inclining towards dietary fiber supplements which is expected to support the growth of the global prebiotic market over the forecast period.
Regional Outlook:
The global prebiotic market is segmented into regions such as North America, Europe, Asia Pacific and the rest of the world. The market size in North America is seen with a continued growth in the prebiotic market followed by Europe. The factor for this is continuous innovation happening in North America with the introduction of a wide variety of products. Also, with health consciousness on the second level coupling with the trend of healthy snack intake creates a big stand of the market globally. The Asia Pacific is also on the same run with introducing new varied prebiotic products with massive usages in food products conduct the market to rise splendidly.
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