Global Galacto‐oligosaccharides (GOS) Market, By Source (Plants, Animals, Microorganisms), Form (Liquid, Powder), Function Type (Prebiotic, Sweetener), Application (Food and Beverage, Dietary Supplements) – Industry Trends and Forecast to 2029.
Global Galacto-Oligosaccharides (GOS) Market Analysis and Size
In recent years, galacto-oligosaccharides (GOS) has shown a considerable increase in demand across the globe and is predicted to continue to do so over the forecast period. The market is expected to rise significantly during the projected period as consumers emphasize food and beverage quality. Moreover, changing taste preferences coupled with the increasing concerns over immune health and gut development are projected to aid the market growth.
- Global Galacto-oligosaccharides (GOS) Market was valued at USD 570.00 million in 2021 and is expected to reach USD 943.35 million by 2029, registering a CAGR of 6.5% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behavior.
Global Galacto-Oligosaccharides (GOS) Market Definition
Galacto-oligosaccharides are prebiotics that are made up of chains of plant sugars. Dairy products, legumes, and some root vegetables contain them. In the intestine, prebiotics provide nourishment for "healthy" bacteria. They move undigested into the colon, promoting the growth of specific bacteria and increasing intestinal bulk.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Source (Plants, Animals, Microorganisms), Form (Liquid, Powder), Function Type (Prebiotic, Sweetener), Application (Food and Beverage, Dietary Supplements)
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Clasado (U.K), MEGMILK SNOW BRAND Co.,Ltd (Japan), FrieslandCampina (Netherlands)., Yakult Honsha Co., Ltd. (Japan), Nissin Sugar Co., Ltd.(Japan), Ingredion (U.S.), First Milk Limited (U.K), Kerry Group (Ireland), Kowa Europe GmbH. (U.K), VITALUS NUTRITION INC (Canada), Lactose (India) Limited (India), FrieslandCampina Ingredients (Netherlands) and SAMYANG OPTICS (South Korea)
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Market Opportunities
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Galacto-oligosaccharides (GOS) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increasing Requirement for Galacto-oligosaccharides (GOS)
The burgeoning requirement for the new-born recipe along with the increasing demand for dairy commodities such as butter and cheese are projected to be the most significant factor driving the growth for this market. Increasing public awareness of chronic diseases, combined with an increase in the number of geriatric population fuels the galacto-oligosaccharides (GOS) market growth.
Additionally, globally expanding health-conscious population is estimated to bolster the market's overall growth. Furthermore, the changing taste preferences and increasing concerns over immune health and gut development fuel the market growth.
Opportunities
- Rising Research and Development and Plant-Based Galacto Oligosaccharide
The continuously rising research and development investments are estimated to generate lucrative opportunities for the market, which will further expand the galacto-oligosaccharides (GOS) market's growth rate in the future. Additionally, the availability of plant-based galacto oligosaccharide is beneficial in satisfying the nutritional needs of lactose intolerant people which will also offer numerous growth opportunities within the market.
Restraints/Challenges Global Galacto-Oligosaccharides (GOS) Market
- Rising Lactose Intolerant Population
The increase in the number of lactose intolerant population is expected to obstruct market growth.
- High Cost of the Products
Also, the expensive galacto-oligosaccharides (GOS) products are estimated to restrict the growth of the market.
Furthermore, the excessive consumption of the galacto-oligosaccharides (GOS) products causes health issues such as intestinal gas, stomach cramps, blotting and diarrhea, which is projected to be challenge for the galacto-oligosaccharides (GOS) market over the forecast period.
This galacto-oligosaccharides (GOS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the galacto-oligosaccharides (GOS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Galacto-oligosaccharides (GOS) Market
The galacto-oligosaccharides (GOS) market was immensely impacted by the outbreak of COVID-19. Though the pandemic had a little impact on the food and beverage industry's operations compared to other industries, the industry's worldwide supply chain was severely impacted, limiting the industry's expansion. The consumer shift has a negative impact on consumer purchasing behavior. There was emergence of various challenges such as halt of various operations, stifling business growth, and suspended activities, which largely affected the demand and supply, which brought several short-term and long-term consequences in the industry. The closure of various industries has hampered worldwide supply chains and disrupted production activity, delivery timetables, and the selling of various products.
However, the situation is improving owing to decline in COVID cases worldwide and the market is picking up speed and will expand throughout the projection period. Therefore, the market is estimated to grow at a substantial pace post COVID-19.
Recent Developments
- In February 2021, British Rowing has become the official provider for Clasado Biosciences' prebiotic supplement Bimuno Travelaid. The product uses non-digestible galactooligosaccharides (GOS) technology to help rowing athletes maintain a healthy stomach while on the road.
Global Galacto-oligosaccharides (GOS) Market Scope
The galacto-oligosaccharides (GOS) market is segmented on the basis of source, form, function type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Plants
- Animals
- Microorganisms
On the basis of source, the galacto-oligosaccharides (GOS) market is segmented into plants, animals and microorganisms.
Form
- Liquid
- Powder
On the basis of form, the galacto-oligosaccharides (GOS) market is segmented into liquid and powder.
Function Type
- Prebiotic
- Sweetener
On the basis of function type, the galacto-oligosaccharides (GOS) market is segmented into prebiotic and sweetener.
Application
- Food and Beverage
- Dietary Supplements
On the basis of application, the galacto-oligosaccharides (GOS) market is segmented into food and beverage and dietary supplements.
Galacto-oligosaccharides (GOS) Market Regional Analysis/Insights
The galacto-oligosaccharides (GOS) market is analyzed and market size insights and trends are provided by country, source, form, function type and application as referenced above.
The countries covered in the galacto-oligosaccharides (GOS) market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe dominates the galacto-oligosaccharides (GOS) market because of the Increasing public awareness of chronic diseases and the rising intake of ready-to-eat meals within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in disposable income and ample ratio of infants and dietary supplement required for them in the region like China and Japan within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Galacto-oligosaccharides (GOS) Market Share Analysis
The galacto-oligosaccharides (GOS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to galacto-oligosaccharides (GOS) market.
Some of the major players operating in the galacto-oligosaccharides (GOS) market are
- Clasado (U.K)
- MEGMILK SNOW BRAND Co., Ltd (Japan)
- FrieslandCampina (Netherlands)
- Yakult Honsha Co., Ltd. (Japan)
- Nissin Sugar Co., Ltd. (Japan)
- Ingredion (U.S.)
- First Milk Limited (U.K)
- Kerry Group (Ireland)
- Kowa Europe GmbH. (U.K)
- VITALUS NUTRITION INC (Canada)
- Lactose India Limited (India)
- FrieslandCampina Ingredients (Netherlands)
- SAMYANG OPTICS (South Korea)
Research Methodology : Global Galacto-oligosaccharides (GOS) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-galacto-oligosaccharides-gos-market
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