PUBLISHER: Grand View Research | PRODUCT CODE: 1268712
PUBLISHER: Grand View Research | PRODUCT CODE: 1268712
Galacto-oligosaccharide (GOS) Market Size, Share & Trends Analysis By Application (Food & Beverage, Dietary Supplements), By Region (Europe, Asia Pacific, North America), And Segment Forecasts, 2023 - 2030
Galacto-oligosaccharides Market Growth & Trends:
The global galacto-oligosaccharides market size is expected to reach USD 1.96 billion by 2030, registering a CAGR of 8.6% over the forecast period, according to a new report by Grand View Research, Inc. Augmenting demand for galacto-oligosaccharides (GOS) in infant formula across the globe is anticipated to drive the growth. Improved standard of living of the consumers has enabled them to spend more on baby foods, thereby driving the demand for GOS.
Another important factor bolstering the demand for GOS is the increasing instance of new product development. Galacto oligosaccharides are used in a wide range of products such as butter, cheese, curd, yogurt, breads, cakes, and many more. It helps improve liver condition and intestinal health, lower cholesterol level and risk of cancer and enhances overall human health. Spoonable yogurt, drinking yogurt, and liquid cultured milk are some of the new products developed in the recent past that make use of GOS.
The market growth, however, is slowed down by various factors. Prominent among them is the presence and increasing preference for substitute ingredients/materials. For instance, prebiotics such as isomaltooligosaccharides (IMO), which exhibit similar functionalities can be used as substitutes for GOS. Isomaltooligosaccharide (IMO) is a digestion resistant oligosaccharide present in cereal crops such as wheat, barley, corn, pulses, oats, tapioca, rice, potato and other starch sources. IMO can also be artificially-derived using starch.
Europe emerged as the largest market for GOS in 2018 with a share of 52%. The presence of prominent GOS manufacturers has favored the regional market growth. Some of the key market participants operating in the region are Clasado BioSciences, First Milk Ltd., FrieslandCampina, and Kerry Group. Prevalence of diabetes, obesity, and chronic diseases are likely to propel demand for nutritional functional food and beverages. Increasing adoption of the 'food as medicine' concept among the young population in the region is anticipated to drive the demand for GOS over the forecast period.
Asia Pacific is another region that has been witnessing significant demand for galacto-oligosaccharides. Rapidly growing beverage industry in economies including China, Indonesia, India, Thailand, and Vietnam are expected to have a positive impact on the market growth over the forecast period. Growing awareness regarding healthcare on account of rising prevalence of chronic diseases including blood pressure and diabetes is expected to have a positive impact on the market growth. Increased youth population coupled with rising interest in sports activities is expected to propel demand for GOS based beverage and food products in the region.
The Galactooligosaccharides (GOS) market is moderately fragmented with both domestic and international players sharing the market space. To sustain the competition, prominent players engage in product innovation and mergers and acquisitions as their key strategies. In addition, key players have been investing extensively in R&D activities in a bid to develop high quality and effective GOS ingredients. This is in reaction to an increasing need for product differentiation.
Galacto-oligosaccharides Market Report Highlights:
- In terms of application, food and beverages held the leading market revenue share of 91.6% in 2022. This segment is driven by increasing demand for dairy products, which have lactose as one of their key components
- Asia Pacific is expected to witness the fastest CAGR of 10.2% from 2023 to 2030. The high growth potential associated with the dairy industry is expected to contribute to regional growth.
- The market is characterized by intense competition among prominent market participants. The key players have been targeting countries such as China and Japan to set up their manufacturing facilities owing to the presence of a large consumer base
- Some of the key market players are Clasado BioSciences; Snow Brand Milk Products Co Ltd; FrieslandCampina; Yakult Honsha Co.; Nissin Sugar Co.; and Ingredion Inc. among others
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & THIRD-PARTY Perspectives
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.7 Research Scope and Assumptions
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Galacto Oligosaccharide Market: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Adhesives Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.2.3 List of Potential End-Users
- 3.3 Price Trend Analysis, 2018 - 2030
- 3.3.1 Factors Affecting Prices
- 3.4 Regulatory Framework, By Regions
- 3.5 Market Dynamics
- 3.5.1 Market driver analysis
- 3.5.2 Market restraint analysis
- 3.5.3 Market Challenges Analysis
- 3.5.4 Market Opportunity Analysis
- 3.6 Business Environment Analysis
- 3.6.1 Porter's Analysis
- 3.6.2 PESTEL Analysis
Chapter 4 Galacto Oligosaccharide Market: Application Estimates & Trend Analysis
- 4.1 Application movement analysis & market share, 2022 & 2030
- 4.1.1 Food & Beverages
- 4.1.1.1 Galacto Oligosaccharide Market Estimates and Forecast, in Food & Beverages, 2018 - 2030 (Tons) (USD Million)
- 4.1.2 Dietary Supplement
- 4.1.2.1 Galacto Oligosaccharide Market Estimates and Forecast, in Dietary Supplement, 2018 - 2030 (Tons) (USD Million)
- 4.1.3 Other Applications
- 4.1.3.1 Galacto Oligosaccharide Market Estimates and Forecast, in Other Applications, 2018 - 2030 (Tons) (USD Million)
- 4.1.1 Food & Beverages
Chapter 5 Galacto Oligosaccharide Market: Regional Estimates & Trend Analysis
- 5.1 Galacto Oligosaccharide Market: Regional Outlook
- 5.2 North America
- 5.2.1 North America Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.2.2 U.S.
- 5.2.2.1 Key Country Dynamics
- 5.2.2.2 U.S. Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.2.3 Canada
- 5.2.3.1 Key Country Dynamics
- 5.2.3.2 Canada Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.3 Europe
- 5.3.1 Europe Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.3.2 Germany
- 5.3.2.1 Key Country Dynamics
- 5.3.2.2 Germany Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.3.3 UK
- 5.3.3.1 Key Country Dynamics
- 5.3.3.2 UK Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.4.2 China
- 5.4.2.1 Key Country Dynamics
- 5.4.2.2 China Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.4.3 Japan
- 5.4.3.1 Key Country Dynamics
- 5.4.3.2 Japan Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.4.4 Australia
- 5.4.4.1 Key Country Dynamics
- 5.4.4.2 Australia Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.4.5 New Zealand
- 5.4.5.1 Key Country Dynamics
- 5.4.5.2 New Zealand Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.5 Central & South America
- 5.5.1 Central & South America Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.5.2 Brazil
- 5.5.2.1 Key Country Dynamics
- 5.5.2.2 Brazil Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Galacto Oligosaccharide Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Million)
Chapter 6 Competitive Landscape
- 6.1 Recent Development & Impact Analysis, By Key Market Participants
- 6.2 Company Categorization
- 6.3 Company Market Share Analysis, 2022
- 6.4 Company Heat Map Analysis
- 6.5 Strategy Mapping
- 6.6 Company Listing (Business Overview, Financial Performance, Type Benchmarking)
- 6.6.1 Clasado BioSciences
- 6.6.2 Snow Brand Milk Products Co Ltd
- 6.6.3 Royal FrieslandCampina
- 6.6.4 Yakult Honsha
- 6.6.5 Nissin Sugar Co., Ltd.
- 6.6.6 Ingredion
- 6.6.7 First Milk Ltd.
- 6.6.8 Kerry Group
- 6.6.9 Kowa Europe GmbH
- 6.6.10 Samyang
- 6.6.11 Santa Cruz Biotechnology
List of Tables
- Table 1 Global Galacto Oligosaccharides Market Estimates & Forecast, by Application, 2018 - 2030 (Tons)
- Table 2 Global Galacto Oligosaccharides Market Estimates & Forecast, by Application, 2018 - 2030 (USD Million)
- Table 3 Global Galacto Oligosaccharides Market Estimates & Forecast, by Region, 2018 - 2030 (Tons)
- Table 4 Global Galacto Oligosaccharides Market Estimates & Forecast, by Region, 2018 - 2030 (USD Million)
- Table 5 North America Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 6 North America Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 7 U.S. macro-economic outlay
- Table 8 U.S. Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 9 U.S. Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 10 Canada macro-economic outlay
- Table 11 Canada Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 12 Canada Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 13 Europe Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 14 Europe Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 15 Germany macro-economic outlay
- Table 16 Germany Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 17 Germany Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 18 UK macro-economic outlay
- Table 19 UK Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 20 UK Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 21 Asia Pacific Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 22 Asia Pacific Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 23 China macro-economic outlay
- Table 24 China Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 25 China Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 26 Japan macro-economic outlay
- Table 27 Japan Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 28 Japan Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 29 Australia macro-economic outlay
- Table 30 Australia Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 31 Australia Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 32 New Zealand macro-economic outlay
- Table 33 New Zealand Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 34 New Zealand Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 35 Central & South America Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 36 Central & South America Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 37 Brazil Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 38 Brazil Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 39 Middle East & Africa Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (Tons)
- Table 40 Middle East & Africa Galacto Oligosaccharides Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- Table 41 Participant's Overview
- Table 42 Financial Performance
- Table 43 Product Benchmarking
- Table 44 Recent Developments & Impact Analysis, By Key Market Participants
- Table 45 Company Heat Map Analysis
List of Figures
- Fig. 1 Galacto Oligosaccharides Market Segmentation & Scope
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Galacto Oligosaccharides Market Snapshot
- Fig. 7 Galacto Oligosaccharides Market Segment Snapshot
- Fig. 8 Galacto Oligosaccharides Market Segment Snapshot
- Fig. 9 Galacto Oligosaccharides Market Competitive Landscape Snapshot
- Fig. 10 Galacto Oligosaccharides Market Value, 2022 (USD Million)
- Fig. 11 Galacto Oligosaccharides Market - Value Chain Analysis
- Fig. 12 Galacto Oligosaccharides Market - Price Trend Analysis 2018 - 2030 (USD/kg)
- Fig. 13 Galacto Oligosaccharides Market - Market Dynamics
- Fig. 14 PORTER'S Analysis
- Fig. 15 PESTEL Analysis
- Fig. 16 Galacto Oligosaccharides Market Estimates & Forecasts, by Application: Key Takeaways
- Fig. 17 Galacto Oligosaccharides Market Share, By Application, 2022 & 2030
- Fig. 18 Galacto Oligosaccharides Market Estimates & Forecasts, in Food & Beverages, 2018 - 2030 (Tons) (USD Million)
- Fig. 19 Galacto Oligosaccharides Market Estimates & Forecasts, in Dietary Supplements, 2018 - 2030 (Tons) (USD Million)
- Fig. 20 Galacto Oligosaccharides Market Estimates & Forecasts, in Others Applications, 2018 - 2030 (Tons) (USD Million)
- Fig. 21 Galacto Oligosaccharides Market Revenue, by Region, 2022 & 2030, (USD Million)
- Fig. 22 North America Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (Tons) (USD Million)
- Fig. 23 U.S. Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 24 Canada Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 25 Europe Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 26 Germany Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 27 UK Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 28 Asia Pacific Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 29 China Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 30 Japan Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 31 Australia Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 32 New Zealand Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 33 Central & South America Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 34 Brazil Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 35 Middle East & Africa Galacto Oligosaccharides Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 36 Key Company Categorization
- Fig. 37 Company Market Positioning
- Fig. 38 Strategy mapping
