Galacto Oligosaccharides Market Regional Overview by 2031
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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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Galacto Oligosaccharides Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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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Some of the customization options available based on the request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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