Press release
Galacto-Oligosaccharide Market Key Trends, Size, Outlook, Overview 2024-2033: Strategic Perspectives
"The new report published by The Business Research Company, titled ""Galacto-Oligosaccharide Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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Rising Preterm Births Fuel Galacto-oligosaccharide Market Expansion
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.
Technological Advancements Drive Innovation in GOS Production
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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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
Contents of the report:
1. Executive Summary
2. Galacto-Oligosaccharide Market Report Structure
3. Galacto-Oligosaccharide Market Trends And Strategies
4. Galacto-Oligosaccharide Market - Macro Economic Scenario
5. Galacto-Oligosaccharide Market Size And Growth
…..
27. Galacto-Oligosaccharide Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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