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Fructooligosaccharides Market Trends, Market Share, Size, Growth Status And Forecast To 2033
Fructooligosaccharides Market Trends
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According to The Business Research Company's, 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 growth in the historic period can be attributed to increased interest in prebiotics, increased use of FOS in infant formulations, increased demand for diabetic-friendly sweeteners, rise in demand for functional foods, and increased demand for animal feed.
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%. The growth in the forecast period can be attributed to rising demand for low-calorie sweeteners, elevating consumption of functional food, growing awareness of gut health, health-conscious consumer preferences, aging population and lifestyle changes. Major trends in the forecast period include demand for natural ingredients, demand for low-calorie foods, introduction of cost-effective production, emphasis on research and development efforts, and innovative product formulations.
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Market Drivers and Trends:
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 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.
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.
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Major Key Players of the Market:
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.
Fructooligosaccharides Market 2024 Key Insights:
• 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%.
• Rising Obesity Prevenance Fuel Growth In The Fructooligosaccharides Market
• Companies Ramp Up Fructooligosaccharide Production To Meet Surging Demand
• North America was the largest region in the fructooligosaccharides market in 2023
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