The Galacto-oligosaccharide GOS market was valued around USD 0.56 billion in 2014 and is expected to reach roughly USD 1.13 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 8.01% during the forecast period. The product contains elements that are similar to the human milk; hence it renders high level of nutrition to the infant. A few oligosaccharides including lactosucrose, galacto-oligosaccharides, lactitol, and lactulose are retrieved from lactose as crude material. Lactose is the prime milk sugar, however, there are other carbohydrates and saccharides present in small amounts as well. The Food and Drug Administration of the United States acknowledges galacto-oligosaccharide to be safe for utilization and have given it the Generally Recognized as Safe (GRAS) status under the act of Federal Food, Drug, and Cosmetic. As per a regulation, the product is said to be helpful in decreasing pathogenic microorganisms and gastrointestinal issues. Significant assembling organizations have been concentrating on creating GOS with particular fixation and application in a financially savvy manner.
The demand in the global Galacto-oligosaccharide market was dominated by food and beverages that is registered for more than 90 percent of the share in 2015. Rising requirements for cereals, ice-creams and dairy products is anticipated to duel the demand of the product. Rising awareness among consumers that is associated with adopting a healthy diet is expected to boost the demand in the following years. The product assists in enhancing the digestive health of aged consumers that increases the demand of protected food in consumers of all age groups. The product being given the GRAS status is said to fuel its utilization in products such as milk beverages, bars, fruit preparations, waters or quenchers, baby foods and dairy products. The segment of dietary supplement is anticipated to encounter substantial growth. It possesses the ability to improve the immune system in humans which is one of the major factors that boosts the growth of this market. Stationary working style combined with expanded anxiety is probably going to fuel the requirement of the product over the estimated time frame. Rising disposable income in employed women in developing countries like China and India is expected to boost the dietary supplement segment.
Regional Outlook and Trend Analysis
The biggest market in 2015 was Europe that registered for a share of more than 50 percent, on the basis of profit. Surging geriatric population along with the emergence of various infant formula companies is expected to boost the demand over the forecast period. The dominant consumers and manufacturers of galacto-oligosaccharide are Japan and Europe. As per the year 2013, the global galacto-oligosaccharide manufacturing and development activity was dominated by Japanese organizations. European enthusiasm for galacto-oligosaccharide based items has seen a noteworthy ascent with a few organizations right now creating or intending to deliver galacto-oligosaccharide blends. Due to surging population, rising requirement of functional foods and urbanization Asia Pacific is projected to be the fastest developing market. Additionally, the emergence of major companies in this region is anticipated to boost the growth of this market. The increasing demand in North America is due to increasing utilization of milk products that are low in fat like low-fat tea & coffee and yoghurt.
Competitive Insights
Some of the major players in the global galacto-oligosaccharide market are Taiwan Fructose, First Milk, Wuxi, FrieslandCampina, Samyang Optics, Nissin Foods, ABO Swiss Co. Ltd., Yakult Danone India Private Limited, Humana and New Francisco Biotechnology. Research and development speculation and new item advancement is the key procedure being received by the players keeping in mind the end goal to oblige rising interest.
Europe Germany France UK Italy Spain Rest of Europe
Asia-Pacific Japan China Australia India South Korea Rest of Asia Pacific
Rest of the World Brazil South Africa Saudi Arabia United Arab Emirates Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022? What will be the industry market growth from 2013 to 2022? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why? Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
