Global Galactoligosaccharides Market, By Source (Plants, Animals, Microorganisms), Form (Powder, Tablets, Capsules, Liquid), Application (Food and Beverages, Bakery Products, Dairy Products, Cereals, Others, Dietary Supplements, Infant Formula, Elderly Nutrition, Sports and Clinical Supplements and Others), Country (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) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Galactoligosaccharides Market
The galactoligosaccharides market is expected to witness market growth at a rate of 8.9% in the forecast period of 2021 to 2028 and is expected to reach USD 0.39 billion by 2028. Data Bridge Market Research report on galactoligosaccharides market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of the food and beverage sector is escalating the growth of galactoligosaccharides market.
Galacto-oligosaccharides refer to the types of compounds that are made up of plant sugars linked in chains. These ingredients are usually found naturally in beans, certain root vegetables, and dairy products. Consumers use them as prebiotics acting as "good" bacteria in the intestine.
The increase in galactooligosaccharides in processed and functional foods acts as one of the major factors driving the growth of galactoligosaccharides market. The rise in the usage of baby food products because of the rising infant population and increasing consumer purchase parity, and surge in demand for galactooligosaccharides due to its superior properties, including pH and thermal stability, accelerate the market growth. The increase in the utilization of the product in pastry, muesli bars, soups and sauces owing to light sweetness and low calories, and high utilization in infant food products due to its prebiotic function which results in surge of bifodobacteria and availability of minerals in infants declining gastro-intestinal discomfort, further influence the market. Additionally, changing individuals' lifestyles, surge in disposable income, rise in demand for fortified food and beverage products, and easy manufacturing process positively affect the galactoligosaccharides market. Furthermore, research and development activities to improve the product extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the increase in alternatives to galactooligosaccharides is expected to obstruct market growth. The presence of strict regulations related to prebiotic ingredients is projected to challenge the galactoligosaccharides market in the forecast period of 2021-2028.
This galactoligosaccharides 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 galactoligosaccharides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Galactoligosaccharides Market Scope and Market Size
The galactoligosaccharides market is segmented on the basis of source, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of source, the galactoligosaccharides market is segmented into plants, animals and microorganisms.
- On the basis of form, the galactoligosaccharides market is segmented into powder, tablets, capsules and liquid.
- On the basis of application, the galactoligosaccharides market is segmented into food and beverages, bakery products, dairy products, cereals, others, dietary supplements, infant formula, elderly nutrition, sports and clinical supplements and others.
Global Galactoligosaccharides Market Country Level Analysis
The galactoligosaccharides market is analyzed and market size, volume information is provided by country, source, form and application as referenced above.
The countries covered in the global galactoligosaccharides market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 galactoligosaccharides market because of the rapid growth of the baby food sector and the presence of a sizable number of infant formula manufacturing companies within the region. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021-2028 because of the high consumption of galactoligosaccharides in applications such as bakery, cereals, beverages, confectionery, functional foods, and infant formula in the region.
The country section of the aspartame market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Galactoligosaccharides Market Share Analysis
The galactoligosaccharides 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 galactoligosaccharides market.
The major players covered in the galactoligosaccharides market report are Clasado, MEGMILK SNOW BRAND Co.,Ltd., Royal FrieslandCampina N.V., Yakult Honsha Co., Ltd., Nissin Sugar Co., Ltd., Ingredion Incorporated, First Milk Limited, Kerry Group plc, Kowa Europe GmbH., and SAMYANG OPTICS, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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