December 21, 2018: Adroit Market Research today published a study on the “Global Galacto Oligosaccharides (GOS) Market Size 2017 by Application (Prebiotic Food and Beverages, Prebiotic Dietary Supplements and Others), Region and Forecast 2018 to 2025”. The global galacto-oligosaccharides (GOS) market size is provided based on a detailed analysis of prebiotics and probiotics consumption pattern across several geographies. The global galacto oligosaccharides market report also talks about the changing dynamics in the baby food market and the key strategies adopted by leading players to cater the emerging consumer needs. Current prebiotics market trends, competition, forecast and dynamics including drivers, restraints, and opportunities have also been covered in the final study. The global GOS market report also provides a value chain as well as Porter’s Five Forces Analysis for better decision making. The report also provides an elaborative market segmentation and macroeconomic indicators for key geographical markets and untapped economies.
Global GOS market is projected to be valued at USD 1.69 billion by 2025, driven by the increasing consumption of GOS enriched infant formula as a substitute for breastfeeding. Prebiotics are supplementary foods containing nondigestible ingredients which stimulate the growth of the human body and provide the necessary bacteria for curing gut-related diseases such as constipation, diarrhea, osteoporosis, and others.
Growing health-conscious consumers and rising awareness towards products that improve the quality of life has led to the advent of prebiotics in the food chain. Also, the declining gap between diet and health has motivated consumers to demand correct information on prebiotics and this further opens growth opportunities for galacto oligosaccharides market in coming years. GOS is witnessing rapid demand as a low-calorie sweetener in the manufacturing of bakery & confectionery, milk, and food & beverage products. Additionally, GOS is deployed in infant formula solutions, since it promotes the growth of beneficial bacteria and this is expected to escalate the galacto-oligosaccharides (GOS) market size.
Prebiotics dietary supplement market exhibits a steady growth at a volume CAGR of 7.9% from 2018 to 2025. Prevalence of lactose intolerance and cow’s milk allergy in infants and the younger generation has led to the development of safe and suitable plant-based prebiotics such as galacto-oligosaccharides (GOS). Prebiotics such as GOS are the key ingredients in infant formulas and leads to multiple benefits such as gut health and immunity enhancement. Consequently, growth in the infant population is anticipated to drive the galacto-oligosaccharides (GOS) market size.
Developed markets continue to witness stagnating sales of baby food, but Asia Pacific presents wide opportunities for the growth of global GOS market. Asia Pacific is experiencing a fast-paced growth during the forecast years and accounted for USD 199.7 million in 2017. Strong demand for infant milk powders from China on account of the rampant growth of the infant population (82 million children under the age of 5) has significantly surged the product demand in this region. An insatiable demand for infant formula milk products has forced manufacturers to increase their production. Also, changing consumer attitude and growing willingness among Chinese parents to pay exorbitant prices for healthy infant formulas due to numerous food scandals in the past is the key factor behind the growth of the galacto oligosaccharides market in the Asian region.
The global galacto oligosaccharides market is highly competitive and to cater to the growing demand, manufacturers are expanding their production facilities. Companies such as Nissin Sugar Co., Ltd, Royal FrieslandCampina, Yakult Honsha, First Milk Ltd., Kerry Group and Taiwan Fructose are some of the leading players in the global GOS market.
Key segments of the global GOS market
Application Overview, 2015-2025 (Tons) (USD Million)
- Prebiotic Food and Beverages
- Prebiotic Dietary Supplements
Regional Overview, 2015-2025 (Tons) (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of World (RoW)