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PUBLISHER: DataM Intelligence | PRODUCT CODE: 1289783

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PUBLISHER: DataM Intelligence | PRODUCT CODE: 1289783

Global Galacto-Oligosaccharide Market - 2023-2030

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PAGES: 195 Pages
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Market Overview

The Global Galacto-oligosaccharide Market size reached US$ 1.2 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 2.5 billion by 2030. The market is growing at a CAGR of 9.5% during the forecast period 2023-2030.

Although the use of prebiotic ingredients in food products remains uncertain, there is a rising market demand for galacto-oligosaccharides, which are the natural dietary fiber that is easily labeled. This trend offers several opportunities for industry players, who are investing in research and technology to develop functional additives like galacto-oligosaccharides and FOS with useful properties. These functional additives are commonly used in various food and beverage products such as cereals, bakery goods, nutritional supplements and dairy products.

Moreover, the demand for medical items such as supplements has increased due to various factors like the rising number of premature births, the aging population and the prevalence of illnesses, which have all contributed to the growth of the galacto-oligosaccharides market.

Market Dynamics

The Need for Galactooligosaccharides is Growing During the Forecast Period

The most important factor predicted to drive this market's growth is the growing demand for dairy products like butter and cheese as well as the expanding demand for new-born recipes. The market for galactooligosaccharides (GOS) is growing as a result of the rising geriatric population and increased public awareness of chronic diseases.

Some studies have shown that GOS can promote the growth of beneficial gut bacteria, which can help to reduce inflammation and improve gut health. In turn, this can have a positive effect on chronic diseases such as inflammatory bowel disease, type 2 diabetes and cardiovascular disease.

For instance, on January 28, 2021, a study published in the Journal of Nutrition found that consuming GOS reduced inflammation and improved gut health in people with inflammatory bowel disease. Another study published in the British Journal of Nutrition found that GOS consumption improved blood glucose control in people with type 2 diabetes.

The Side Effects Associated With Galacto-oligosaccharide Hampers the Market

Galacto-oligosaccharides (GOS) are generally considered safe and well-tolerated. However, some individuals may experience mild side effects, particularly when consuming large amounts of GOS or when first introducing GOS into their diet.

GOS are not fully digested by the body and can therefore ferment in the colon, leading to gas, bloating and abdominal discomfort. In some individuals, consuming large amounts of GOS may cause diarrhea. While rare, some individuals may be allergic to GOS and may experience allergic reactions such as hives, itching and difficulty breathing which hampers the market size.

Artificial Intelligence Analysis

Artificial Intelligence (AI) is increasingly being used in the food industry to improve production efficiency, product quality, and food safety. For instance, AI could be used to optimize the production of GOS by identifying the most efficient manufacturing processes and adjusting them in real-time to ensure consistent quality and yield.

AI could also be used to monitor and control the fermentation process used to produce GOS, ensuring that conditions are optimal for the growth of beneficial bacteria. In addition, AI could be used to analyze large data sets to identify patterns and relationships between GOS consumption and health outcomes.

Segment Analysis

The global galacto-oligosaccharide market is segmented based on product type, application and region.

Powdered Segment Accounts Sizable Share in the Global Galacto-oligosaccharide Market

Powdered galactooligosaccharides (GOS) are a popular form of this prebiotic dietary fiber that can be easily added to a variety of foods and beverages. GOS powder is typically made by extracting GOS from sources such as lactose or whey; and then drying it to form a powder. Powdered GOS has a slightly sweet taste and is often used as a low-calorie sweetener or functional ingredient in food and beverage products.

It is commonly added to products such as protein bars, energy drinks, and dietary supplements to increase their fiber content and provide digestive health benefits. For instance, In 2021, FrieslandCampina launched a new line of GOS-based ingredients under its Vivinal GOS brand. This included Vivinal GOS Powder, a soluble powder form of GOS that can be easily added to a variety of food and beverage products.

Geographical Analysis

Europe Holds the Largest Share in the Global Galacto-oligosaccharide Market

By region, the global galacto-oligosaccharide market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and America.

Galacto-oligosaccharides' market in Europe is anticipated to grow as a result of the region's expanding newborn population and rising ready-to-eat meal consumption. The use of dietary supplements has increased as a result of the rise in people suffering from blood pressure and diabetes-related illnesses. Due to rising family incomes, consumers' preferences for beverages and confectionery products are growing in the area.

The market's expansion will also benefit from the rise in the senior population. For instance, on May 16, 2021, Nestle, developed a plant-based evaporated milk substitute composed of oat and rice flour For vegan cakes and treats. Without the use of dairy ingredients, the product works great for baking chocolate chip cookies, cupcakes and caramel slices.

Competitive Landscape

The major global players include: Royal FrieslandCampina N.V., Yakult Pharmaceutical Industry Co., Ltd, Nissin, Ingredion, Kerry Group, Taiwan Fructose Co. Ltd, ABO Switzerland Co., Ltd, Clasado Limited, Fonterra Cooperative Group Ltd and Lactose Ltd.

Why Purchase the Report?

  • To visualize the global galacto-oligosaccharide market segmentation based on product type, application and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of galacto-oligosaccharide market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players.

The Global Galacto-oligosaccharide Market Report Would Provide Approximately 53 Tables, 46 Figures and 195 pages.

Target Audience 2023

  • Manufacturers / Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
Product Code: FB3562

Table of Contents

1. Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

  • 3.1. Snippet by Product Type
  • 3.2. Snippet by Application
  • 3.3. Snippet by Region

4. Dynamics

  • 4.1. Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. The rising child population is expected to drive growth in the forecast period
    • 4.1.2. Restraints
      • 4.1.2.1. Rising lactose intolerance is likely to hamper the market growth.
    • 4.1.3. Opportunity
      • 4.1.3.1. Rising research and development and plant-based galacto
      • 4.1.3.2. oligosaccharides
    • 4.1.4. Impact Analysis

5. Industry Analysis

  • 5.1. Porter's Five Force Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. COVID-19 Analysis

  • 6.1. Analysis of COVID-19
    • 6.1.1. Scenario Before COVID-19
    • 6.1.2. Scenario During COVID-19
    • 6.1.3. Scenario Post COVID-19
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During the Pandemic
  • 6.5. Manufacturers' Strategic Initiatives
  • 6.6. Conclusion

7. By Product Type

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
    • 7.1.2. Market Attractiveness Index, By Product Type
  • 7.2. Powder *
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Liquid

8. By Application

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 8.1.2. Market Attractiveness Index, By Application
  • 8.2. Dietary Supplements *
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Food & Beverages
  • 8.4. Others

9. By Region

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 9.1.2. Market Attractiveness Index, By Region
  • 9.2. North America
    • 9.2.1. Introduction
    • 9.2.2. Key Region-Specific Dynamics
    • 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
    • 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.2.5.1. The U.S.
      • 9.2.5.2. Canada
      • 9.2.5.3. Mexico
  • 9.3. Europe
    • 9.3.1. Introduction
    • 9.3.2. Key Region-Specific Dynamics
    • 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
    • 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.3.5.1. Germany
      • 9.3.5.2. The U.K.
      • 9.3.5.3. France
      • 9.3.5.4. Italy
      • 9.3.5.5. Spain
      • 9.3.5.6. Rest of Europe
  • 9.4. South America
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
    • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.4.5.1. Brazil
      • 9.4.5.2. Argentina
      • 9.4.5.3. Rest of South America
  • 9.5. Asia-Pacific
  • 9.6. Introduction
  • 9.7. Key Region-Specific Dynamics
    • 9.7.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
    • 9.7.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 9.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.7.3.1. China
      • 9.7.3.2. India
      • 9.7.3.3. Japan
      • 9.7.3.4. Australia
      • 9.7.3.5. Rest of Asia-Pacific
  • 9.8. Middle East and Africa
    • 9.8.1. Introduction
    • 9.8.2. Key Region-Specific Dynamics
    • 9.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
    • 9.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

10. Competitive Landscape

  • 10.1. Competitive Scenario
  • 10.2. Market Positioning/Share Analysis
  • 10.3. Mergers and Acquisitions Analysis

11. Company Profiles

  • 11.1. Royal FrieslandCampina N.V. *
    • 11.1.1. Company Overview
    • 11.1.2. Grade Portfolio and Description
    • 11.1.3. Financial Overview
    • 11.1.4. Key Developments
  • 11.2. Yakult Pharmaceutical Industry Co., Ltd
  • 11.3. Nissin
  • 11.4. Ingredion
  • 11.5. Kerry Group
  • 11.6. Taiwan Fructose Co. Ltd
  • 11.7. ABO Switzerland Co., Ltd
  • 11.8. Clasado Limited
  • 11.9. Fonterra Cooperative Group Ltd
  • 11.10. Lactose Ltd

LIST NOT EXHAUSTIVE

12. Appendix

  • 12.1. About Us and Services
  • 12.2. Contact Us
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