Fior Markets launched a study titled “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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The global galacto-oligosaccharide (GOS) market is expected to grow from USD 768.38 million in 2018 to USD 1,622.28 million by 2026 at a CAGR of 9.79% during the forecast period 2019-2026Growing need for prebiotic dietary supplements, tremendous health benefits, and growing nutritional needs of the elderly population are factors swelling the growth of the market
The syrup segment dominated the market by holding the market share of 52.38% in 2018
Product segment covers syrup and powder. The syrup segment dominated the market by holding the market share of 52.38%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.The syrups easily dissolves and blends with the food ingredients without changing the food properties and are widely used as a sweetenerin cooking.
Food supplements segment is expected to grow with the highest market share of 27.49% during the forecast period
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 market share of 27.49% during the forecast period owing to increasing need for prebiotic dietary supplements. Increasing demand for functional foods due to the risingoccurrences chronic diseases. The increasing intake of dietary supplements due to its tremendous health benefits and rising trend for organic baby food products as well as spending’s on the baby foods has supplemented food supplements segment growth. The dairy productssegment is expected to grow as second dominating segment due to the increasing demand of the dairy products
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Europe region dominated the global galacto-oligosaccharide (GOS) market by holding the highest revenue around USD 387.80 million in 2018.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.The changing brand loyalty and growing adoption of the dietary supplements has enhanced the regional growth. The growing demand for the galacto-oligosaccharides (GOS)in Asia Pacific region in the dairy industries as well as increasing awareness about healthcare has made Asia Pacific as the second fastest growing region in the global galacto-oligosaccharide (GOS) market.
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The major players of market 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 among others. The companies are adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership to maintain their presence in the global galacto-oligosaccharide (GOS)market.For instance, King-Prebiotics launched GOS-570-S, a galacto-oligosaccharide (GOS) product with 57% of liquid syrup form. This product can be used in food & beverage industries for producing the liquid milk, dairy products, formulated milk powder, dietary supplements, and beverages.
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