The fructooligosaccharides global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Fructooligosaccharides Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The fructooligosaccharides market size has grown strongly in recent years. It will grow from $2.72 billion in 2023 to $2.95 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased interest in prebiotics, increased use of FOS in infant formulations, increased demand for diabetic-friendly sweeteners, rise in demand for functional foods, and increased demand for animal feed.
The fructooligosaccharides market size is expected to see strong growth in the next few years. It will grow to $4.10 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to rising demand for low-calorie sweeteners, elevating consumption of functional food, growing awareness of gut health, health-conscious consumer preferences, aging population and lifestyle changes. Major trends in the forecast period include demand for natural ingredients, demand for low-calorie foods, introduction of cost-effective production, emphasis on research and development efforts, and innovative product formulations.
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Scope Of Fructooligosaccharides Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Fructooligosaccharides Market Overview
Market Drivers –
The increasing prevalence of obesity is expected to propel the growth of the fructooligosaccharides market going forward. Obesity is a long-term health condition characterized by an excessive accumulation of body fat that can negatively impact health. The prevalence of obesity is due to the widespread availability of high-calorie, high-fat, and high-sugar foods, sedentary lifestyles, and reduced physical activity in daily life. Fructooligosaccharides (FOS) are used as a dietary supplement or functional ingredient in foods to aid in obesity management potentially. Fructooligosaccharides (FOS) enhance lipids and glucose metabolism, potentially contributing to better energy utilization and weight management. For instance, in March 2023, according to the World Heart Foundation, a Switzerland-based non-government global cardiovascular community, around 2.3 billion adults and children are obese or overweight globally, and it is expected to reach 2.7 billion by 2025. Therefore, increasing concerns about obesity drive the fructooligosaccharides market.
Market Trends –
Major companies operating in the fructooligosaccharides market are investing in production plants to meet the growing demand and capitalize on the expanding market opportunities. The investment in fructooligosaccharide production plants aims to scale up the production capacity of GOFOS, a soluble short-chain fructooligosaccharide (sc-FOS) prebiotic fiber. For instance, in January 2022, Galam, an Israel-based company that manufactures fructooligosaccharides, invested $30 million in producing its prebiotic GOFOS. This expansion supports the growing demand for GOFOS, which is used in various food applications such as cereals, energy bars, dairy and non-dairy products, confectionery, bakery, and chocolate. GOFOS product is known for its prebiotic properties, stimulating the growth and maintenance of beneficial gut bacteria and promoting healthy digestive and immune function.
The fructooligosaccharides market covered in this report is segmented –
1) By Source: Chicory, Sucrose
2) By Form: Powder, Liquid
3) By Application: Food And Beverages, Animal Feed, Dietary Supplements, Infant Formula, Pharmaceuticals, Other Applications
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Regional Insights –
North America was the largest region in the fructooligosaccharides market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fructooligosaccharides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the fructooligosaccharides market are Saintroy Lifescience, Cargill Inc., CJ Group, Brenntag SE, Royal FrieslandCampina NV, Südzucker AG, Ingredion Incorporated, Meiji Holdings Co. Ltd, Tereos Group, Nissin Sugar Co. Ltd., Yakult Pharmaceutical Industry Co. Ltd., Sigma-Aldrich Corporation, Tate & Lyle PLC, Baolingbao Biology Co. Ltd., Sensus, Beneo GmbH, Jarrow Formulas Inc., Quantum Hi-Tech (China) Biological Co. Ltd., Galam Ltd., Cosucra Co., Dextra Laboratories Limited, AIDP Inc., GTC Nutrition, Beghin-Meiji SA, S.A. Pharmachem Pvt. Ltd.
Table of Contents
1. Executive Summary
2. Fructooligosaccharides Market Report Structure
3. Fructooligosaccharides Market Trends And Strategies
4. Fructooligosaccharides Market – Macro Economic Scenario
5. Fructooligosaccharides Market Size And Growth
…..
32. Global Fructooligosaccharides Market Competitive Benchmarking
33. Global Fructooligosaccharides Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fructooligosaccharides Market
35. Fructooligosaccharides Market Future Outlook and Potential Analysis
36. Appendix
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