Food, Nutrition & Animal Feed Prebiotics Market - PDF

Prebiotics Market share to exceed $ 8.5 Bn by 2024:
Global Market Insights Inc.
The research report Prebiotics Market Size By Ingredient (Inulin, GOS, FOS, MOS),
By Application (Animal Feed, Food & Beverages [Dairy, Cereals, Baked Goods,
Fermented Meat, Dry Foods], Dietary Supplements [Food, Nutrition, Infant
Formulations]), Industry Analysis Report, Regional Outlook, Application
Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024 by
Global Market Insights, Inc. says, Global Prebiotics Market size is set to exceed
USD 8.5 Billion by 2024
Global prebiotics market size may witness consumption of over 1.35 million tons by
2024. Rise in consumer awareness regarding healthy diet consumption leads to
increase in food & feed ingredients demand which have a positive influence for growth
in dietary supplement market size. They are indigestible dietary supplement which
facilitates growth of useful bacteria in gut helping fight chronic disease along with
improving digestion, metabolism, immune system and overall health of livestock and
human.
Supporting regulatory guidelines set forth by EU and FDA pertaining towards ban of
using antibiotics growth promoters (AGPs) in feed & food ingredients should drive
prebiotics market growth. Antibiotics leave trace behind and create resistance in
human and livestock which makes the disease untreatable. Prebiotics do not cause
such complication and are used as a nutritional supplement for optimal human and
livestock growth.
Europe led by, UK, France and Germany prebiotics market size, is anticipated to
witness over 9% gains. Increasing packaged food consumption owing to busy work
life schedule is likely to boost regional industry growth. European consumers are
willing to pay premium prices for products & programs which involve preventive health
management. Increasing consumer awareness for gut health for infants & adults along
with growing concern towards diseases which include diarrhea and diabetes should
contribute towards product demand in the region.
Prebiotics market size from dietary supplements applications should surpass USD 750
million by 2024. Increasing consumer awareness towards weight loss and calorie
reduction in China, India, Japan and Australia should drive product demand over the
forecast timeframe. Excessive consumption of alcohol, junk food and smoking habit
has led to rising incidences of obesity, diabetes and cardiac arrest, thereby leading to
increasing nutraceutical demand.
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