Galacto-oligosaccharides (GOS) Market Size & Growth (2019-2024):
The Galacto-oligosaccharides (GOS) Market is estimated at USD xx billion in 2019 and is expected to grow at a CAGR rate of xx% until 2024.Growing formulas for children are one of the critical drivers of development. An increasing population of children is expected to increase infant food consumption, having a positive effect on Galacto-oligosaccharides (GOS) production.
Infant formula and baby food, Galacto-oligosaccharides (GOS) are primarily used. Human milk is an abundant GOS source known to induce high levels of bifidobacteria and to reduce the number of potential breast-food pathogenic bacteria significantly. In compliance with Sections201(s) of the Federal Food, Drug and Cosmetic Act, GOS was granted the General Status of GRAS (Generally Recognized As Safe).
According to Article 13 of Regulation (EC) No. 1924/2006 of the European Food Safety Agency (EFSA), substantiated health claims related to a reduction in gastrointestinal disadvantage and potentially pathogenic microorganisms are made. The growing population of children is expected to raise infant formula consumption, which has a positive effect on the market for Galacto-oligosaccharides .Due to the high demand for infant formula, dried baby food, the global baby food market has produced more than 50 billion USD in 2015.
In 2018, the United States led an 85.8 per cent share of North America's Galacto-oligosaccharides (GOS) market. The primary market in the US functional food and beverage industries is Dairy products, particularly drinks. The demand for Galacto-oligosaccharides (GOS) in the country is likely to increase due to problems with aging, heart health, weight management, intestinal health and immune function.
Increasing concerns about chronic diseases and the growth of the aging population have contributed to a growing demand for national dietary supplements, driving the Galacto-oligosaccharides (GOS) market. Improved renovation and reconstruction activities are likely to encourage the use in the construction sector of breathable antimicrobial coatings. The presence of key players on the market will also lead to US development over the projected period.
Drivers and Market Limitations:
The Galacto-oligosaccharides (GOS) market size is exponentially expanding owing to the following:
Restraints of Galacto-oligosaccharides (GOS) market can be –
Market research involves studying market trends, growth patterns, and understanding the influence of variables like macro and microeconomic conditions, geopolitical and demographic conditions on the market value and market dynamics.
The research methodology used to calculate and forecast the Galacto-oligosaccharides (GOS) market began by collecting information on the market key player's sales using multiple sources via secondary research. In order to identify market segmentation, supplier offers have been considered.
Market Segmentation Analysis:
Galacto-oligosaccharides are used to protect digestion and to avoid various diseases and disorders. Also, increasing awareness of the importance of GOS is expected to boost demand in the next few years, particularly in Asia Pacific, Central and South America. The segment of dietary supplements is likely to grow over the forecast period in a healthy CAGR. The most significant method in this section is the equation for infant feeding. A greater understanding of GOS is expected to drive the segment during the forecast period in baby food and child nutritional formulas.
The global growth of the geriatric population is driving the demand for food supplements. Moreover, the segment's growth was encouraged by technological advances concerning encapsulation and nanotech. Galacto-oligosaccharides other uses include food, meat replacers and cosmetics. While such technologies have a smaller market share, they cannot be overlooked for their value. The growing demand for confectionery products is driving this segment in particular. Besides, a boom is expected in market growth from the cosmetics and skincare sectors.
In 2018, Asia Pacific retained 31 percent of the market share. The region is expected to increase dramatically to 48.6% of total revenues by 2025. In applications such as bakeries, cereals, snacks, drinks, pastries and baby formulas, development can be due to high consumption of Galacto-oligosaccharides (GOS).
Key Players in the Market:
The Food Safety and Quality Act of India and the International Health and Nutrition Food Association of Japan, as well as the Chinese State Food and Drug Authority, control the use of different ingredients to ensure food quality and consumer safety in the fields of functional food and drinks. They also encourage the use of nutritious food products and participate in R&D activities.
Four firms dominated the GOS industry and accounted for over 60% of the market share in 2018. The biggest producer in Galacto-oligosaccharides (GOS) market is Friesland Campina. Friesland Campina based in the Netherlands is an integrated producer of lactose and GOS production bases. Friesland Campina has a global presence in the production of child formula and food additives through its Vivinal GOS brand.
Key Highlights of the Research Report:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Food & Beverages
5.1.3 Dietary Supplements
5.1.4 Y-o-Y Growth Analysis, By Application
5.1.5 Market Attractiveness Analysis, By Application
5.1.6 Market Share Analysis, By Application
5.2.4 Y-o-Y Growth Analysis, By Product
5.2.5 Market Attractiveness Analysis, By Product
5.2.6 Market Share Analysis, By Product
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Application
184.108.40.206 By Product
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Application
22.214.171.124 By Product
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Application
184.108.40.206 By Product
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Yakult Pharmaceutical Industry Co. Ltd.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Samyang Genex Co.
8.3 Nissin Sugar Production Co. Ltd.
8.4 Taiwan Fructose Co. Ltd.
8.5 Friesland Campina
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures