The galacto-oligosaccharide 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.
Galacto-Oligosaccharide 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 galacto-oligosaccharide market size has grown strongly in recent years. It will grow from $0.78 billion in 2023 to $0.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increased health awareness, increased demand for prebiotics, increased research on gut health, expansion in applications in functional foods and beverages, increased demand for functional foods, growth in infant nutrition sector, and heightened consumer interest in gut health.
The galacto-oligosaccharide market size is expected to see strong growth in the next few years. It will grow to $1.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing consumer awareness of gut health benefits, rising demand for prebiotics in functional foods, expanding applications in infant nutrition, heightened investment in R&D for health supplements, growing preference for natural and clean-label ingredients, and the increasing prevalence of digestive disorders. Major trends in the forecast period include advancements in production technology, advancements in food and beverage formulations, advancements in food technology, advancements in prebiotic research, and advancements in formulations.
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Scope Of Galacto-Oligosaccharide 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.
Galacto-Oligosaccharide Market Overview
Market Drivers –
The rise in premature births is expected to propel the growth of the galacto-oligosaccharide market going forward. Premature birth occurs when an infant is born before completing the standard 37 weeks of gestation, potentially resulting in health issues due to the incomplete development of organs and systems. Premature births are on the rise due to factors such as delayed maternal age, lifestyle choices, medical interventions, and underlying health conditions. Galacto-oligosaccharides (GOS) help minimize preterm birth by promoting a healthy gut microbiota, which can reduce inflammation and improve pregnancy outcomes. For instance, in January 2023, according to the Office for National Statistics, a UK-based government department for national statistics, in 2021, there was an increase in the proportion of preterm live births, rising from 7.4% in 2020 to 7.5%. Therefore, the rise in premature births is driving the growth of the galacto-oligosaccharide market.
Market Trends –
Major companies operating in the galacto-oligosaccharide market are focusing on advancement in the enzymatic synthesis process in GOS production to enhance efficiency, optimize yields, and improve the quality of their GOS products. The GOS production and enzymatic synthesis use enzymes to transform lactose into galactooligosaccharides, enhancing the yield and structure for better prebiotic benefits. For instance, in June 2022, FrieslandCampina Ingredients, a Dutch-based dairy company, launched the Biotis GOS-OP. Biotis GOS-OP offers a higher concentration of accessible GOS, guaranteeing a galacto-oligosaccharide content of 94%, which is notably higher than the usual range found in other prebiotics on the market. It stands out as a significant innovation within the gut health supplement sector, presenting a prebiotic with exceptional purity, reduced lactose levels, and flexibility in formulation.
The galacto-oligosaccharide market covered in this report is segmented –
1) By Product: Liquid, Powder
2) By Source: Plants, Animals, Microorganisms
3) By Primary Function: Prebiotic, Sweetener
4) By Application: Food And Beverage, Pharmaceuticals, Personal Care, Animal Feed, Other Applications
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Regional Insights –
Europe was the largest region in the galacto-oligosaccharide market in 2023. The regions covered in the galacto-oligosaccharide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the galacto-oligosaccharide market are Cargill Incorporated, Royal Friesland Campina, Fonterra Cooperative Group Limited, Saputo Dairy UK, DuPont De Nemours, DSM, Kerry Group plc, Wacker Chemie AG, Ingredion Incorporated, Meiji Holdings Co. Ltd., Morinaga Milk Industry Co. Ltd., Yakult Honsha Co. Ltd., Samyang Corporation, Tate & Lyle, Nissin Sugar Co. Ltd., BENEO, Danone India, Biosynth, Clasado Biosciences, AIDP Inc., ZuChem Inc., Inbiose NV, VW-Ingredients, Lactose India Limited, Bioven Ingredients
Table of Contents
1. Executive Summary
2. Galacto-Oligosaccharide Market Characteristics
3. Galacto-Oligosaccharide Market Trends And Strategies
4. Galacto-Oligosaccharide Market – Macro Economic Scenario
5. Global Galacto-Oligosaccharide Market Size and Growth
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32. Global Galacto-Oligosaccharide Market Competitive Benchmarking
33. Global Galacto-Oligosaccharide Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Galacto-Oligosaccharide Market
35. Galacto-Oligosaccharide Market Future Outlook and Potential Analysis
36. Appendix
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