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.
The global Galacto Oligosaccharides market size is projected to reach nearly USD 202.1 million in 2020. 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.
Furthermore, rising demand for Galacto Oligosaccharides as a result of its high-performance applications in the automotive and medical industries is providing attractive prospects for companies in the worldwide ethylene tetrafluoroethylene (Galacto Oligosaccharides) market.
Furthermore, despite its great strength, Galacto Oligosaccharides is readily perforated and so is not commonly utilized in external wall and window applications. This restricts the worldwide market's expansion even further.
The study also assesses the demand using value chain analysis to highlight the different characteristics of the global Galacto Oligosaccharides industry. Furthermore, the Galacto Oligosaccharides market report covers various qualitative aspects of the industry, such as market restraints, key industry drivers, and opportunities. In addition, the report offers a comprehensive analysis of the competition by company profiles and the competitiveness of local and global vendors.
Key Segments of the Global Galacto Oligosaccharides Market
Application Overview, 2018-2028 (USD Billion)
- Prebiotic Food & Beverages, Confectionary
- Prebiotic Dietary supplements
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America