Prebiotics Market Worth USD 7.11 Billion by 2024 - Rising Investments in Food & Beverage Industry - Research and Markets

Jul 04, 2016, 08:10 ET from Research and Markets

DUBLIN, July 4, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Prebiotics Market Analysis By Ingredient (FOS, Inulin, GOS, MOS), By Application (Food & Beverages, Animal Feed, Dietary Supplements) And Segment Forecasts To 2024" report to their offering. 
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The global prebiotics market is expected to reach USD 7.11 billion by 2024, according to this report. Growing demand for fiber rich food products is expected to drive the market. 

Rising investment in the food & beverage industry for innovation and development of new food products enriched with prebiotics coupled with rising demand in dietary supplements application particularly in infant foods is expected to propel market growth over the forecast period. In addition, rising use of prebiotics in animal feed is expected to drive the demand. Growing emphasis on improving overall health is also expected to fuel product demand over the next eight years. 

Emergence of prebiotics as an alternate to antibiotics is expected to fuel demand in animal feed applications. Increasing dairy production is expected to have a positive impact on market over the next eight years. 

North American demand for prebiotics was valued over USD 280.0 million in 2015. Rising demand for prebiotics enriched food products among consumers in the region to improve their digestive health is expected to drive the market demand. Prebiotic dietary supplements are expected to witness significant growth owing to rising focus on preventive healthcare. 

Dietary supplements application is expected to grow at a fastest CAGR on account of increasing consumption in Europe and North America owing to rising health consciousness among consumers and growing importance of prebiotics in weight management in the region. Growing innovation in the field of prebiotic rich protein/fiber supplements is expected to propel growth over the forecast period. 

Companies Profiled:  

  • Abbott Laboratories
  • BENEO-Orafti SA
  • Bright Food (Group) Corporation Limited
  • Cargill Incorporated
  • Cosucra Groupe Warcoing SA
  • Kraft Foods Group, Inc
  • Friesland Campina Domo
  • Jarrow Formulas, Inc
  • Parmalat S.p.A
  • Roquette Freres
  • Royal Cosun
  • Yakult Honsha Co. Ltd

Key Topics Covered: 

1. Methodology and Scope 

2. Executive Summary 

3. Prebiotics Industry Outlook 

4. Prebiotics Ingredients Outlook 

5. Prebiotics Application Outlook 

6. Prebiotics Regional Outlook 

7. Competitive Landscape

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SOURCE Research and Markets