Galacto-oligosaccharides Market is anticipated to witness an exponential growth in the forecast period. Galacto-oligosaccharides (GOS), also termed as “Oligo-galactosyl lactose”, or “Trans galactic-oligosaccharides (TOS)” or “Oligogalactose”, belong to the group of prebiotics. It is a water-soluble and colorless substance which increases the shelf life by reduction of microbial contamination.
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The key driving factors responsible for the growth of Galacto-oligosaccharides
market :
The factors that propel the
growth of the galacto-oligosaccharides market include increasing attention
towards excellence of food and beverages, increased awareness towards
nutritional food, increasing technological innovations, changing consumer
lifestyles and growing number of working women in the emerging economies. On
the other hand, there are a factor that may hamper the growth of the market
including stringent regulations and legislations associated with the use of
prebiotic constituent
Galacto-oligosaccharides (GOS)
industry is anticipated to expand at a significant CAGR in the upcoming period
as the scope, product types, and its applications are increasing across the
globe. The market could be explored by product type, application, and
geography. Galacto oligosaccharides (GOS) market could be explored by product
type as Powder Form and Liquid Form.
The key applications that could
be explored in the galacto oligosaccharides (GOS) industry include Dietary
Supplements, Food & Beverages, and Others. The “Food and Beverages” segment
led the galacto-oligosaccharides industry in 2017 and is anticipated to
maintain its dominance by 2025. The key factors that may be attributed to the
growth of market include the fact that several food manufacturers have been
concentrating on e-commerce in order to cater to global demand and increasing
consumers’ consciousness on account of high exposure to online sources and
social media.
Europe accounted for the major
share of the GOS market in 2017 and will continue to lead in the forecast
period. The factors that could be attributed to the growth include high old age
population, occurrence of several infant formula corporations comprising
Danone, Humana, and Ordesa, significant increase with numerous companies
currently planning to produce GOS mixtures, widespread R&D in the field of
dietary supplements, and Japan and Europe are leading producers and consumers
of GOS.
In addition, Europe is followed
by Asia-Pacific and North American region owing to high urbanization,
population, and growing demand for functional food products, high malnutrition
rate in children and infants below the age of 5 years, increasing investment by
several food companies in the region.
Some of the key players that fuel
the growth of the GOS industry comprise Royal FrieslandCampina, Yakult, Kowa, Nissin,
Kerry, New Francisco Biotechnology, Ingredion, First Milk, Samyang, GTC, Taiwan
Fructose, Quantum Hi-Tech, And Baolingbao. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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