Industry Outlook and Trend Analysis
The
Galacto-oligosaccharide GOS market was valued around USD 0.56 billion in 2014
and is expected to reach roughly USD 1.13 billion by the end of 2022 while
registering itself at a compound annual growth rate (CAGR) of 8.01% during the
forecast period. The product contains elements that
are similar to the human milk; hence it renders high level of nutrition to the
infant. A few oligosaccharides including lactosucrose,
galacto-oligosaccharides, lactitol, and lactulose are retrieved from lactose as
crude material. Lactose is the prime milk sugar, however, there are other
carbohydrates and saccharides present in small amounts as well. The Food and
Drug Administration of the United States acknowledges galacto-oligosaccharide
to be safe for utilization and have given it the Generally Recognized as Safe
(GRAS) status under the act of Federal Food, Drug, and Cosmetic. As per a
regulation, the product is said to be helpful in decreasing pathogenic
microorganisms and gastrointestinal issues. Significant assembling organizations
have been concentrating on creating GOS with particular fixation and
application in a financially savvy manner.
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Competitive Insights
Some of the major
players in the global
galacto-oligosaccharide market are Taiwan Fructose, First Milk, Wuxi, FrieslandCampina, Samyang Optics, Nissin Foods, ABO
Swiss Co. Ltd., Yakult Danone India Private Limited, Humana and New Francisco
Biotechnology. Research and development speculation and new item advancement is
the key procedure being received by the players keeping in mind the end goal to
oblige rising interest.
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The global galacto-oligosaccharide market is
segmented as follows-
By
Application
- Dairy Products
- Frozen
Dairy Dessert
- Yogurt
- Food Supplements
- Beverages
- Infant Formulas
- Baby
Juice
- Infant
Meal Replacement Drinks
- Baby
Yogurt Drinks
- Baby
Dessert
- Baby
Snack
- Bakery & Confectionery
- Others
By Region
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o United Arab Emirates
o Others
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