New Jersey, NJ, July 08, 2019 (GLOBE NEWSWIRE) -- 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, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026". As per the report, 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 2019-2026. The key contributing factors for the market growth are growing need for prebiotic dietary supplements, tremendous health benefits, and growing nutritional needs of the elderly population
Galacto-oligosaccharides (GOS), also known as oligogalactose, or transgalactooligosaccharides (TOS), belongs to the group of prebiotics and are non-digestible food ingredients. It helps in resisting hydrolysis by salivary and intestinal digestive enzymes. The increasing occurrences of chronic diseases globally has increased the consumption rate of galacto-oligosaccharides (GOS). According to Federal Food, Drug, and Cosmetic Act (section 201(s)) of U.S., the GOS is safe for consumption and has given GRAS (Generally Recognized as Safe) status. The increasing demand for the product and consumer awareness regarding healthy eating has increased the market growth. The tremendous benefits provided by GOS include improving the digestive health of middle and old aged consumer and rising consumption of low-fat based products which will also increase the demand over the forecast period.
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Global Galacto-oligosaccharides (GOS) Market Key Findings:
- Growing need for prebiotic dietary supplements, tremendous health benefits, and the growing nutritional needs of the elderly population are 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 diarrhea which 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 eating are expected to boost the galacto-oligosaccharide (GOS) market over the forecast period.
- 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 the 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 dissolve and blend with the food ingredients without changing the food properties and are widely used as a sweetener in cooking.
- 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 the increasing need for prebiotic dietary supplements. Increasing demand for functional foods due to the rising occurrences 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 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 of 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.
- 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.
- 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
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All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global galacto-oligosaccharide (GOS) market on the basis of below mentioned segments:
Global Galacto-Oligosaccharide (GOS) Market, By Product:
- Syrup
- Powder
Global Galacto-Oligosaccharide (GOS) Market, By End User:
- Infant Formulas
- Dairy Products
- Food Supplements
- Beverages
- Bakery & Confectionery
- Others
Global Galacto-Oligosaccharide (GOS) Market, By Regions:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Asia-Pacific
- Japan
- China
- India
- South America
- Brazil
- Middle East and Africa
- UAE
- South Africa
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