Market Research Report
Global Galacto-Oligosaccharide Market - 2021-2028
|Global Galacto-Oligosaccharide Market - 2021-2028|
Published: July 15, 2021
Content info: 180 Pages
Delivery time: 2 business days
The global galacto-oligosaccharide market size was valued US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Galacto-Oligosaccharides (GOS), also referred to as oligogalactose, are non-digestible food ingredients, which enhance host health by selectively stimulating the activity or growth of one or a limited number of bacteria in the colon. They are manufactured through enzymatic conversion of lactose and contain short chains of galactose molecules.
The galacto-oligosaccharide market growth is driven by the growing in infant population and increase in health consciousness among consumers are primary factors that drive the galacto oligosaccharides market across the globe. Upsurge in demand of functional foods and product innovation, innovation and new product developments in RTD coffees, yogurt, nectars and sugar confectionary.
The rising child population, is expected to drive the growth in the forecast period
The major application of galacto-oligosaccharides is in infant formula and baby food. Human milk is an abundant source of GOS, which induces high levels of bifidobacteria and significantly reduces the number of potentially pathogenic bacteria in breast-fed infants. GOS has been given the Generally Recognized as Safe (GRAS) status under section 201(s) of the Federal Food, Drug and Cosmetic Act by the U.S. Food and Drug Administration (FDA). It received substantiated health claims about reducing gastro-intestinal discomfort and potential pathogenic microorganisms under Article 13 of Regulation (EC) no 1924/2006 by the European Food Safety Authority (EFSA). For instance, according to the world population reports, children aged 0 to 4 years was 642.2 million in 2010 and is expected to reach 1018.3 million by 2050. The rising child population is expected to fuel infant formula consumption, thus positively impacting the demand for galactooligosaccharides.
Rising lactose intolerance is likely to hamper the market growth
People with the lactose intolerance are unable to digest the sugar (lactose) in milk fully. As a result, they have diarrhea, gas and bloating after eating or drinking dairy products. The condition, which is also called lactose malabsorption.
COVID-19 Impact Analysis
The COVID-19 pandemic has led to the halt of several industrial processes causing unprecedented economic loss. However, pharmaceutical companies are thriving in these difficult times owing to the increasing demand for medication drugs across the globe. Likewise, the demand for these galacto-oligosaccharide is experiencing considerable growth as major pharmaceutical companies focus on R&D activities to develop new drugs and cater to the demand for OTC drugs across several stores. The market is, therefore, expected to showcase positive growth during the forecast period.
The dietary supplements segment is expected to hold largest share in this market segment
The dietary supplements segment is expected to experience remarkable growth during the forecast period due to the increasing consumer awareness related to nutritional food, which enhances the nutraceutical demand. The growing demand for the nutraceutical further drives the overall market growth of the galactooligosaccharides market.
The powder segment is expected to hold largest share in this market segment
Galactooligosaccharides (GOS) powder is a natural functional oligosaccharide, which exists in animal milk. The gos powder is helpful to improve constipation and poor calcium absorption of non-breastfeeding infants and improve the nutritional and health status of infants.
North America region holds the largest market share of global galacto-oligosaccharide market
U.S. led the North America galacto-oligosaccharides (GOS) market accounting for a volume share. Dairy products, especially beverages, account for a major market in U.S. functional food and beverage industry. Rising concern regarding aging, heart health, weight management, gut health, and immune function is likely to augment the demand for galacto-oligosaccharides in the country. The rising concerns regarding chronic diseases and a rise in the aging population have led to increased demand for dietary supplements in the country, thus driving the galacto-oligosaccharides market. Increasing renovation and restructuring activities are likely to propel breathable antimicrobial coatings in the construction sector. The presence of key market players is also expected to favor the growth of the U.S. GOS market over the forecast period.
The global galacto-oligosaccharide market is highly competitive with presence of global companies. Some of the key players which are contributing to the growth of the market include Royal Friesland Campina, Yakult, Nissin, Ingredion, Kerry Group, Taiwan Fructose Co. Ltd, ABO Switzerland Co., Ltd, Clasado Limited, Fonterra Cooperative Group Ltd, Lactose (India) Ltd. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the market globally. For instance, Friesland Campina has a global presence through its brand Vivinal GOS, which is used in the formulation of infant formula and food additives.
Galacto-Oligosaccharide Market Key Companies to Watch
Royal Friesland Campina N.V
Company Overview: Royal Friesland Campina N.V is a Dutch multinational dairy cooperative which is based in Amersfoort, Netherlands. It is the result of a merger between Friesland Foods and Campina on 31 December 2008. It is the world's largest dairy co-operative and one of the top 5 dairy companies in the world with annual revenue of 11 billion euros. Friesland Campina has branch offices in 33 countries and employs a total of 21,927 people.
Product Portfolio: The Company's portfolio comprised of include Specialised Nutrition (infants, elderly, athletes), Ingredients (B2B, pharmaceutical market), Consumer Dairy (consumer products), Dairy Essentials (cheese, butter and milk powder).
The global galacto-oligosaccharide market report would provide an access to an approx. 53 market data table, 41 figures and 200 pages.
Global Galacto-Oligosaccharide Market - By Application
Sports & Clinical Supplements
Global Galacto-Oligosaccharide Market - By Product Type
Global Galacto-Oligosaccharide Market - By Region
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