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Fructooligosaccharides Market Size, Share & Forecast 2024-2033
Fructooligosaccharides Market Size
As per the report, the fructooligosaccharides market size has grown strongly in recent years. It will grow from $2.72 billion in 2023 to $2.95 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The fructooligosaccharides market size is expected to see strong growth in the next few years. It will grow to $4.10 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
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Rising Obesity Prevenance Fuel Growth In The Fructooligosaccharides Market
The increasing prevalence of obesity is expected to propel the growth of the fructooligosaccharides market going forward. Obesity is a long-term health condition characterized by an excessive accumulation of body fat that can negatively impact health. The prevalence of obesity is due to the widespread availability of high-calorie, high-fat, and high-sugar foods, sedentary lifestyles, and reduced physical activity in daily life. Fructooligosaccharides (FOS) are used as a or functional ingredient in foods to aid in obesity management potentially. Fructooligosaccharides (FOS) enhance lipids and glucose metabolism, potentially contributing to better energy utilization and weight management. For instance, in March 2023, according to the World Heart Foundation, a Switzerland-based non-government global cardiovascular community, around 2.3 billion adults and children are obese or overweight globally, and it is expected to reach 2.7 billion by 2025. Therefore, increasing concerns about obesity drive the fructooligosaccharides market.
Companies Ramp Up Fructooligosaccharide Production To Meet Surging Demand
Major companies operating in the fructooligosaccharides market are investing in production plants to meet the growing demand and capitalize on the expanding market opportunities. The investment in fructooligosaccharide production plants aims to scale up the production capacity of GOFOS, a soluble short-chain fructooligosaccharide (sc-FOS) prebiotic fiber. For instance, in January 2022, Galam, an Israel-based company that manufactures fructooligosaccharides, invested $30 million in producing its prebiotic GOFOS. This expansion supports the growing demand for GOFOS, which is used in various food applications such as cereals, energy bars, dairy and non-dairy products, confectionery, bakery, and chocolate. GOFOS product is known for its prebiotic properties, stimulating the growth and maintenance of beneficial gut bacteria and promoting healthy digestive and immune function.
The fructooligosaccharides market covered in this report is segmented -
1) By Source: Chicory, Sucrose
2) By Form: Powder, Liquid
3) By Application: Food And Beverages, Animal Feed, Infant Formula, Pharmaceuticals, Other Applications
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Major companies operating in the fructooligosaccharides market are Saintroy Lifescience, Cargill Inc., CJ Group, Brenntag SE, Royal FrieslandCampina NV, Südzucker AG, Ingredion Incorporated, Meiji Holdings Co. Ltd, Tereos Group, Nissin Sugar Co. Ltd., Yakult Pharmaceutical Industry Co. Ltd., Sigma-Aldrich Corporation, Tate & Lyle PLC, Baolingbao Biology Co. Ltd., Sensus, Beneo GmbH, Jarrow Formulas Inc., Quantum Hi-Tech (China) Biological Co. Ltd., Galam Ltd., Cosucra Co., Dextra Laboratories Limited, AIDP Inc., GTC Nutrition, Beghin-Meiji SA, S.A. Pharmachem Pvt. Ltd.
Contents of the report:
1. Executive Summary
2. Fructooligosaccharides Market Report Structure
3. Fructooligosaccharides Market Trends And Strategies
4. Fructooligosaccharides Market - Macro Economic Scenario
5. Fructooligosaccharides Market Size And Growth
…..
27. Fructooligosaccharides Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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