The galacto oligosaccharides market size is projected to reach US$ 955 million by 2031 from US$ 595 million in 2023. The market is expected to register a CAGR of 6.1%during 2023–2031. Increasing demand for dietary supplements is likely to remain a key market trend.
Galacto Oligosaccharides Market Analysis
Rising demand for functional food products and strategic initiatives by key market players are major factors contributing to the growth of the galacto oligosaccharides market. In addition, increasing research and development activities by key manufacturers is expected to create a growth opportunity for the market. However, increasing demand for isomalt-oligosaccharide (IMO) may hamper the growth of the market.
Galacto Oligosaccharides Market Overview
Galacto oligosaccharides are also known as oligo-galactosyl-lactose, oligo-galactose, oligo-lactose, or trans-galacto-oligosaccharides (TOS). They naturally occur in legumes such as chickpeas, lentils, and beans. The use of galacto oligosaccharides helps to stimulate immune functions, helps absorb essential nutrients, and produces antioxidants in the body. The awareness of benefits associated with galacto oligosaccharides is rising due to the shift in consumers' interest in the nutrient content. Hence, increasing awareness and adoption of galacto-oligosaccharides is a vital factor in driving market growth. In addition, it is increasing use as low-calorie sweeteners in different food and beverage products is further driving the market growth..
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Galacto Oligosaccharides Market: Strategic Insights
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Galacto Oligosaccharides Market: Strategic Insights
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Galacto Oligosaccharides Market Drivers and Opportunities
Increasing Demand from Food & Beverages industry to Favor Market
The use of galacto oligosaccharides in food & beverages and the healthcare sector is increasing owing to increased awareness regarding its various health benefits. Galacto oligosaccharides are derived from lactose and serve as a valuable ingredient in infant formula, promoting gut health and immune system development. These ingredients help to absorb essential nutrients, help stimulate immune function, and produce antioxidants in the body in various applications. In addition, their application in functional food and dietary supplements has surged due to their ability to selectively stimulate beneficial bacteria in the gut, contributing to overall well-being. Thus, increasing consumer awareness regarding health and nutrition ingredients has surged the demand for products containing galacto oligosaccharides, contributing to innovation and market growth.
Rising demand from the Pharmaceutical Industry
The expansion of galacto oligosaccharides application into pharmaceuticals and healthcare has further created a market growth opportunity. Surging research and development activities have discovered the potential health benefits of galacto oligosaccharides, ranging from immune system support to potential application in managing certain health conditions. As healthcare professionals and consumers alike recognize the importance of preventive health measures, the demand for products enriched with galacto oligosaccharides is likely to surge.
Galacto Oligosaccharides Market Report Segmentation Analysis
Key segments that contributed to the derivation of the galacto oligosaccharides market analysis are form and application.
- Based on form, the galacto oligosaccharides market is divided into dry and liquid.
- By application, the market is segmented into food and beverages, dietary supplements, and others. Dairy products, infant nutrition, beverages, breakfast cereals, and others are subsegments elaborated under the food and beverages segment.
Galacto Oligosaccharides Market Share Analysis by Geography
The geographic scope of the galacto oligosaccharides market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. In North America, an increasing number of individuals opting for healthier food, such as functional food and beverages, has contributed to the market growth in the region. Galacto oligosaccharides help to absorb essential nutrients, help stimulate immune function, and produce antioxidants in the body in various applications. The manufacturers of functional food & beverages are focusing on the requirements of the population and conducting surveys to forecast the demand for functional food & beverages. According to FlavorSum, LLC, a survey conducted on 15th July 2021, 63% of the US population and 74% of Canadians are willing to purchase functional food and beverages to adopt health & immunity.
Galacto Oligosaccharides Market Regional Insights
The regional trends and factors influencing the Galacto Oligosaccharides Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Galacto Oligosaccharides Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Galacto Oligosaccharides Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 595 Million |
| Market Size by 2031 | US$ 955 Million |
| Global CAGR (2023 - 2031) | 6.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Galacto Oligosaccharides Market Players Density: Understanding Its Impact on Business Dynamics
The Galacto Oligosaccharides Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Galacto Oligosaccharides Market are:
- AIDP, Inc.
- Ingredion
- Fonterra Co-Operative Group Limited
- Kerry Group plc
- Clasado Ltd
- VITALUS NUTRITION INC
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Galacto Oligosaccharides Market top key players overview
Galacto Oligosaccharides Market News and Recent Developments
The galacto oligosaccharides market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the galacto oligosaccharides market are listed below:
- FrieslandCampina Ingredients announced the product launch under the brand name Biotis GOS-OP High Purity. This product contains 90% galacto oligosaccharides. The launch was aimed to cater to the growing demand for functional ingredients. (Source: Press Release, June 202)
Galacto Oligosaccharides Market Report Coverage and Deliverables
The “Galacto Oligosaccharides Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Galacto oligosaccharides market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Galacto oligosaccharides market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Galacto oligosaccharides market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the galacto oligosaccharides market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
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AIDP, Inc.; Ingredion; Fonterra Co-Operative Group Limited; Kerry Group plc; Clasado Ltd; VITALUS NUTRITION INC; Yakult Pharmaceutical Industry Co., Ltd; Nissan Sugar Co. Ltd; Samyang Corporation; and FrieslandCampina are among the prominent players operating in the global galacto oligosaccharides market.
The global galacto oligosaccharides market is estimated to register a CAGR of 6.1% during the forecast period 2023–2031.
Increasing demand for dietary supplements is likely to remain a key trend in the market.
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