Pune, India -- (SBWIRE) -- 12/05/2018 -- Market Overview:
Prebiotics Market is presumed to expand at a substantial CAGR during the forecast period (2018-2023) owing to the growing demand for dietary supplements, asserts Market Research Future (MRFR). Prebiotics is termed as a non-digestible food ingredient which promotes the growth of microorganisms in the large intestine. Usually found in fiber-rich foods such as banana, chicory roots, grains, tomato, and other food items, prebiotics help to maintain health and wellness. Prebiotics are a feed source for the bacteria contributing to the well-being of the colon and are found in the human gut. They alleviate digestion problems and ensure enhanced immunity.

Drivers and Constraints Impacting the Market:
With the growing demand for animal feed and dietary supplements, the global market for prebiotics is augmenting during the assessment period. The growing concern among the consumers associated with health coupled with an emphasis on improving the digestive health is accelerating the growth of the prebiotics market. Obesity is also a major concern which is further augmenting the market growth as sales of supplements and functional food items which comprise prebiotics are growing. Use of prebiotics in animal feed in order to enhance the metabolism and overall health is presumed to trigger the demand for prebiotics during the assessment period. Moreover, use of prebiotics in the poultry feed to improve productivity is fostering the market growth.

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On the flip side, the high cost of raw materials and high capital investments are some of the major factors impeding the market growth. Moreover, strict mandates for labeling and registration of new ingredients are retarding the market growth over the years.

Competitive Dashboard:
The prominent players operating the global prebiotics market are Beneo (Germany), Danisco (Denmark), Clasado Ltd. (England), Lesaffre (France), Parmalat S.p.A. (Italy), GTC Nutrition (U.S.), Angel Yeast (China), and Biospringer (France).

Industry Updates:
November 22, 2018: Canada's National Science and Engineering Research Council and Diana Food Canada have recently funded the establishment of new prebiotics research program at the Université Laval. The NSERC-Diana Food Industrial Research Chair on Prebiotic effects of fruit and vegetable polyphenols is a basically five-year program which aims toward developing new functional ingredients from vegetable extracts and natural fruit.

Segmental Analysis:
The Global Prebiotics Market has been segmented on the basis of source, delivery format, application, and region.

By mode of source, the global prebiotics market has been segmented into vegetables, chicory root, nuts, fruits, grains, and oilseeds. Among these, vegetables account for the largest market share followed by roots.

By mode of delivery format, the global prebiotics market has been segmented into powders, capsules, liquids, chewable, and tablets. Among these, capsules and tablets are presumed to dominate the global market as they are used to increase the bacteria in the gut for the well-being of the consumers.

By mode of application, the global prebiotics market has been segmented into confectionery, dietary fiber supplement, dairy products, infant formula, breakfast cereals, and others. Among these, the dietary fiber supplement is considered to dominate the global market owing to the inclination of consumers towards dietary fiber supplements.

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Regional Insights:
Geographically, the prebiotics market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World. Among all the regions, the North American region is estimated to dominate the global market in terms of value owing to the introduction of a wide variety of prebiotic products coupled with continuous innovation in this region. Asia Pacific is estimated to expand at a significant rate due to the increasing demand from developed economies such as Japan. Also, increasing prevalence of chronic diseases has accelerated the market growth for prebiotics in this region. Moreover, the sedentary lifestyle of the youth population in this region is likely to trigger the market growth for prebiotics.