The Global Galacto-oligosaccharide (GOS) for Plants Market is forecasted to reach USD 1.78 Billion by 2028, according to a new report by Reports and Data.
Galacto-oligosaccharide (GOS) is forecasted to grow over the forecast period owing to the rising focus in quality of food and beverage. It increases shelf life by reducing microbial contamination. GOS is stable in various other temperature ranges. Presence of low calorific value of GOS makes it suitable for use by people suffering from diabetes.
Confectionaries products, milk products, beverages, and bread uses Galacto-oligosaccharide (GOS) for its low-calorie sweeteners. Nutritional content present in it is similar to that of human milk and is used for formulation in human milk thus driving the growth of the market.
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Top Companies Operating in the Global Galacto-oligosaccharide (GOS) for Plants Market Report:
Yakult Honsha, Royal FrieslandCampina, Ingredion group of companies, First Milk Ltd., Taiwan Fructose, WuXi AppTec, Kowa Europe GmbH, Nissin Sugar Co., Ltd., Samyang, and Kerry Group.
Further key findings from the report suggest
- Urbanization and changing lifestyle, diet plans and uneven meal times are leading to the prevalence of chronic diseases. This has urged companies to invest in new products, such as Galacto-oligosaccharide (GOS).
- Some of the notable trends that are affecting the market growth are the increasing interest towards higher fiber consumption, growing obesity concern, coupled with the growing trend of burning surplus calories
- Dairy products hold the largest market share of 20% in the year 2020, and Bakery and Confectionary holds a market share of 14% in the year 2020.
- Food supplements have an annual growth rate of 10.5% throughout the forecast period. Various food manufacturers are focusing on e-commerce to cater to the global demand.
- Infant formula holds the largest market share of 24% in the year 2028 with an annual growth rate of 10.3% throughout the forecast period.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Galacto-oligosaccharide (GOS) for Plants Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Galacto-oligosaccharide (GOS) for Plants Market is provided to gain a deeper understanding of its growth and progress.
The global Galacto-oligosaccharide (GOS) for Plants Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Source Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Microorganisms
- Plants
- Animals
Formulation Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Tablets
- Capsules
- Powder
- Liquid
- Softgels
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Dairy Product
- Food Supplements
- Beverages
- Infant Formulas
- Bakery and Confectionary
- Other Applications
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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