As per the report published by Fior Markets, The global galacto-oligosaccharide (GOS) market is expected to grow from USD 768.38 million in 2018 to USD 1,622.28 at a CAGR of XX% during the forecast period 2019-2026. Increasing number of infants, presence of several infant formula companies, and high consumption rate of GOS products are major factors that led to the growth of galacto-oligosaccharide (GOS) market in European region.
Galacto-Oligosaccharide (GOS) Market by Product (Syrup, Powder), End User (Infant Formulas, Dairy Products, Food Supplements, Beverages, Bakery & Confectionery, Others), Region and Global Forecast 2019-2026.
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Prominent companies in the industry include Royal FrieslandCampina, Nissin Sugar Co., Ltd., Clasado BioSciences, New Francisco Biotechnology Corporation Limited (NFBC), Yakult Pharmaceutical Industry, Ingredion, First Milk Ltd., Kerry Group, Taiwan Fructose, Samyang, Wuxi Cima Science, Kowa Europe GmbH, Lactose (India) Limited, and others whichare offering great opportunities and major players are continuously focusing on new product developments and venture capital investments to obtain the market share.
Product segment covers syrup and powder. The syrup segment dominated the market by accounting the highest revenue in 2018. The syrup is most consumed product as it easily dissolves during the intake and can be easily mixed with food products. GOS syrups are easy to consume, even by the children and have excellent solubility. End user segment is divided into infant formulas, dairy products, food supplements, beverages, bakery & confectionery, others. The food supplements segment is expected to grow with the highest CAGR during the forecast period owing to increasing need for prebiotic dietary supplements. Also, the rising trend for organic baby food products has supplemented the food supplements segment growth.
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Growing need for prebiotic dietary supplements, tremendous health benefits, and growing nutritional needs of the elderly populationare the key driving factors for the Galacto-Oligosaccharide (GOS)market. The high cost of GOS products and overconsumption of GOS may cause health issues such as intestinal gas & noises, stomach cramps, bloating, and diarrheawhich may limit the growth of the market. However, ongoing investments and plans for GOS market expansion in developing countries, adoption of galacto-oligosaccharides (GOS) in food products, and consumer awareness regarding healthy eatingis expected to boost the galacto-oligosaccharide (GOS)market over the forecast period.
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