The Global Galacto-oligosaccharide (GOS) Market is forecasted to reach USD 1.78 Billion by 2028, according to a new report by Reports and Data. Galacto-oligosaccharide (GOS) is forecasted to grow over the forecast period owing to the rising focus in quality of food and beverage. It increases shelf life by reducing microbial contamination.
GOS is stable in various other temperature ranges. Presence of low calorific value of GOS makes it suitable for use by people suffering from diabetes. Confectionaries products, milk products, beverages, and bread uses Galacto-oligosaccharide (GOS) for its low-calorie sweeteners. Nutritional content present in it is similar to that of human milk and is used for formulation in human milk thus driving the growth of the market.
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Europe holds the largest market share followed by the Asia Pacific and North America regions. Investment in RD by developed countries for the development of high purity and more efficient mixtures to fulfill the demand of the increasing population. This is forecasted to boost the market in this region during the forecast period. The shift in the trend for breakfast cereals instead of a homemade meal for health reasons is driving the market in emerging nations such as India and China.
Some of the Leading Market Players Are Listed Below:
- Yakult Honsha,
- Royal FrieslandCampina,
- Ingredion group of companies,
- First Milk Ltd.,
- Taiwan Fructose,
- WuXi AppTec,
- Kowa Europe GmbH,
- Nissin Sugar Co., Ltd.,
- Samyang and Kerry Group
- Others
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Further Key Findings From The Report Suggest:
- Urbanization and changing lifestyle, diet plans and uneven meal times are leading to the prevalence of chronic diseases. This has urged companies to invest in new products, such as Galacto-oligosaccharide (GOS).
- Some of the notable trends that are affecting the market growth are the increasing interest towards higher fiber consumption, growing obesity concern, coupled with the growing trend of burning surplus calories
- Dairy products hold the largest market share of 20% in the year 2020, and Bakery and Confectionary holds a market share of 14% in the year 2020.
- Food supplements have an annual growth rate of 10.5% throughout the forecast period. Various food manufacturers are focusing on e-commerce to cater to the global demand.
- Infant formula holds the largest market share of 24% in the year 2028 with an annual growth rate of 10.3% throughout the forecast period.
- On the basis of Source, the market is segmented into Microorganisms, Plant, and Animals.
- Plants sugar, certain root vegetables, and beans are some plant sources where Galacto-oligosaccharide (GOS) can be derived from. Plants hold a market share of 37% in the year 2020.
- On the basis of Formulation, the market is segmented into Tablets, Capsules, Powder, Liquid, and Softgels.
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Market Segmentation:
Source Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Microorganisms
- Plants
- Animals
Formulation Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Tablets
- Capsules
- Powder
- Liquid
- Softgels
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Dairy Product
- Food Supplements
- Beverages
- Infant Formulas
- Bakery and Confectionary
- Other Applications
The Galacto-oligosaccharide (GOS) market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Galacto-oligosaccharide (GOS) market.
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The global Galacto-oligosaccharide (GOS) market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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