Press release
Galacto Oligosaccharide (GOS) Market Projections: Remarkable Growth Trajectory Anticipated for Next Decade as Demand Rises Steadily
A chain of galactose molecules combined with glucose molecules makes up the galacto oligosaccharide market, which is largely contained in the lactose in cow's milk as well as some root vegetable species and bean types. Galacto oligosaccharides travel to the colon in an undigested form, promoting the development of good bacteria and bowel movement.Major companies are investing in R&D to expand their product offerings and stay abreast of technological advancements. From 2019 through 2029, this is anticipated to drive the GOS market.
"Businesses must concentrate on newer, emerging applications in adult nutrition and animal feed." According to the FMI researcher, because GOS manufacturing is concentrated in a small number of nations, businesses need a stronger distribution network and sales channels to guarantee prompt product delivery to end-user industries.
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Key Takeaways of the Galacto Oligosaccharides Market Study
Galacto oligosaccharide is used primarily as a prebiotic ingredient accounting for more than 96 % of the overall market share. While still in a nascent stage, the function of GOS as a sweetener is projected to grow at an impressive CAGR nearing 11 % through the forecast period.
In terms of end user industries, most galacto oligosaccharides products are used in the food and beverage sector, for human consumption, most of which goes into formulations of dietary supplements, followed by dairy products. The use of GOS in animal feeds is fairly new. However this end use application will grow by a strong CAGR of 8.7 %.
Europe is the largest market for galacto oligosaccharides accounting surpassing 40 % of the overall market. On the other hand, the APEJ region currently accounts for more than 25 % of the global market is rising at a CAGR surpassing 9.5 %, owing to higher awareness about prebiotics and the development of plant based GOS.
Pharmaceutical and personal care applications are also expected to go up with a strong CAGR approximating 8.4 %, with the growth of the nutraceuticals sector, and consumer inclination towards probiotics and prebiotics.
Galacto oligosaccharide GOS products are primarily available in powders and liquid formulations. Of these liquid GOS products are projected to dominate the industry with over 62 % of the global market share through the end of 2029. This can be attributed to a wider spread of applications including products such as fermented milk, yogurt, and more. On the other hand, powdered galacto oligosaccharides are anticipated to grow at a faster rate owing to increased adoption in nutraceutical and infant food formulations.
Get Valuable Insights into Galacto Oligosaccharides Market
Future Market Insights, in its latest report, presents an unbiased analysis of the global galacto oligosaccharides market, covering historical data and forecast figures for the period between 2019 and 2029. The study provides insights into the growth witnessed in the market. In terms of product type, the market is bifurcated into liquid and powder. On the basis of primary function, the market is split between prebiotic and sweetener. Based on end user, the market can be segmented into food and beverages, pharmaceuticals and personal care, and animal feeds. Regionally, the global market can be segmented into North America, Latin America, Europe, APEJ, Japan, and the Middle East and Africa.
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-Market Segmentation
The global galacto oligosaccharides market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
-Product Type
Liquid
Powder
-Primary Function Type
Prebotic
Sweetener
-End-User
Food & Beverage
Dietary Supplements
Bakery Products
Dairy Products
Others
Animal feeds
Pharmaceutical and Personal care
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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