Market Overview:
The global galacto-oligosaccharide market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for dairy products, food & beverage products, and prebiotics supplements across the globe. Additionally, rising awareness about the benefits of galacto-oligosaccharides is also contributing to the growth of this market. On the basis of type, powder accounted for a larger share of the global galacto-oligosaccharide market in 2017. This can be attributed to its easy handling and storage properties as well as its low cost as compared to liquid forms. On the basis of application, dairy held a major share of the global galacto-oligosaccharide market in 2017 owing to its high demand from countries such as China and India.
Product Definition:
A galacto-oligosaccharide is a type of sugar molecule that is composed of galactose monomers. These molecules are important for the development and function of the gut microbiota, and can also be used as a prebiotic supplement.
Powder:
Powder is a form of dry, granular sugar that has many uses in the food & beverage industry. It can be used as an artificial sweetener in products such as soft drinks and confectionery. It can also be used to improve viscosity and suspension properties for use in dairy products such as milk powder, cream cheese, etc.
Liquid:
Liquid is a clear, odorless, and water-soluble dietary fiber that has been used in various food products. It is produced by the fermentation of bacterial cellulose in the presence of an edible sugar such as lactose or sucrose. The most common sources of liquid dietary fiber are vegetables (such as soybeans, wheat bran, lentils), fruits (such as pears and apples), herbs & spices (including turmeric and ginger) and whole grains (including rice).
Application Insights:
Dairy application dominated the global market accounting for over 35% of the overall revenue share in 2017. The product is widely used in dairy products such as cheese, butter, yogurt and ice cream owing to its sweetening property. Moreover, it also helps maintain the nutritional value of food & beverage products by acting as a dietary fiber.
Food & beverage segment is expected to be one of the fastest growing segments with a CAGR exceeding 8% from 2018 to 2030 during the forecast period. Increasing consumption of functional foods owing to their health benefits is projected to drive demand for GOS in food & beverages applications over next eight years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from countries such as China, Japan, India, South Korea and Australia. Asia Pacific is also projected to be one of the fastest-growing markets for galacto-oligosaccharides during the forecast period owing to increasing health concerns among consumers coupled with a growing aging population in these countries.
The dairy industry plays a vital role in supporting regional economic development through exports and domestic production of milk products. Moreover, high consumption levels of dairy products are estimated to boost product demand over the coming years due to their nutritional value along with taste appeal which makes them an essential food ingredient across most Asian countries including China Indonesia Malaysia Philippines Thailand Vietnam Singapore etc., thus driving industry growth significantly.
Growth Factors:
- Increasing demand for prebiotics in the food and beverage industry
- Rising awareness about the benefits of galacto-oligosaccharides
- Growing demand from emerging markets
- Technological advancements in galacto-oligosaccharide production 5. Expansion of distribution channels
Scope Of The Report
Report Attributes
Report Details
Report Title
Galacto-oligosaccharide Market Research Report
By Type
Powder, Liquid
By Application
Dairy, Food & Beverage, Prebiotics Supplements, Others
By Companies
ABO Switzerland, Clasado, Ingredion, New Francisco Biotechnology Corporation, Nissin Sugar Manufacturing, Qingdao FTZ United international, Royal FrieslandCampina, Taiwan Fructose, Wuxi Cima Science, Yakult Pharmaceutical Industry, ABO Switzerland
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Galacto-oligosaccharide Market Report Segments:
The global Galacto-oligosaccharide market is segmented on the basis of:
Types
Powder, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dairy, Food & Beverage, Prebiotics Supplements, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABO Switzerland
- Clasado
- Ingredion
- New Francisco Biotechnology Corporation
- Nissin Sugar Manufacturing
- Qingdao FTZ United international
- Royal FrieslandCampina
- Taiwan Fructose
- Wuxi Cima Science
- Yakult Pharmaceutical Industry
- ABO Switzerland
Highlights of The Galacto-oligosaccharide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Liquid
- By Application:
- Dairy
- Food & Beverage
- Prebiotics Supplements
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Galacto-oligosaccharide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Galacto-oligosaccharides are a type of carbohydrate that is composed of galactose and oligosaccharides. They are found in plant cells and can be used by the body to produce energy.
Some of the major companies in the galacto-oligosaccharide market are ABO Switzerland, Clasado, Ingredion, New Francisco Biotechnology Corporation, Nissin Sugar Manufacturing, Qingdao FTZ United international, Royal FrieslandCampina, Taiwan Fructose, Wuxi Cima Science, Yakult Pharmaceutical Industry, ABO Switzerland.
The galacto-oligosaccharide market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Galacto-oligosaccharide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Galacto-oligosaccharide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Galacto-oligosaccharide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Galacto-oligosaccharide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Galacto-oligosaccharide Market Size & Forecast, 2018-2028
4.5.1 Galacto-oligosaccharide Market Size and Y-o-Y Growth
4.5.2 Galacto-oligosaccharide Market Absolute $ Opportunity
Chapter 5 Global Galacto-oligosaccharide Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Galacto-oligosaccharide Market Size Forecast by Type
5.2.1 Powder
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Galacto-oligosaccharide Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Galacto-oligosaccharide Market Size Forecast by Applications
6.2.1 Dairy
6.2.2 Food & Beverage
6.2.3 Prebiotics Supplements
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Galacto-oligosaccharide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Galacto-oligosaccharide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Galacto-oligosaccharide Analysis and Forecast
9.1 Introduction
9.2 North America Galacto-oligosaccharide Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Galacto-oligosaccharide Market Size Forecast by Type
9.6.1 Powder
9.6.2 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Galacto-oligosaccharide Market Size Forecast by Applications
9.10.1 Dairy
9.10.2 Food & Beverage
9.10.3 Prebiotics Supplements
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Galacto-oligosaccharide Analysis and Forecast
10.1 Introduction
10.2 Europe Galacto-oligosaccharide Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Galacto-oligosaccharide Market Size Forecast by Type
10.6.1 Powder
10.6.2 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Galacto-oligosaccharide Market Size Forecast by Applications
10.10.1 Dairy
10.10.2 Food & Beverage
10.10.3 Prebiotics Supplements
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Galacto-oligosaccharide Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Galacto-oligosaccharide Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Galacto-oligosaccharide Market Size Forecast by Type
11.6.1 Powder
11.6.2 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Galacto-oligosaccharide Market Size Forecast by Applications
11.10.1 Dairy
11.10.2 Food & Beverage
11.10.3 Prebiotics Supplements
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Galacto-oligosaccharide Analysis and Forecast
12.1 Introduction
12.2 Latin America Galacto-oligosaccharide Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Galacto-oligosaccharide Market Size Forecast by Type
12.6.1 Powder
12.6.2 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Galacto-oligosaccharide Market Size Forecast by Applications
12.10.1 Dairy
12.10.2 Food & Beverage
12.10.3 Prebiotics Supplements
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Galacto-oligosaccharide Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Galacto-oligosaccharide Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Galacto-oligosaccharide Market Size Forecast by Type
13.6.1 Powder
13.6.2 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Galacto-oligosaccharide Market Size Forecast by Applications
13.10.1 Dairy
13.10.2 Food & Beverage
13.10.3 Prebiotics Supplements
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Galacto-oligosaccharide Market: Competitive Dashboard
14.2 Global Galacto-oligosaccharide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABO Switzerland
14.3.2 Clasado
14.3.3 Ingredion
14.3.4 New Francisco Biotechnology Corporation
14.3.5 Nissin Sugar Manufacturing
14.3.6 Qingdao FTZ United international
14.3.7 Royal FrieslandCampina
14.3.8 Taiwan Fructose
14.3.9 Wuxi Cima Science
14.3.10 Yakult Pharmaceutical Industry
14.3.11 ABO Switzerland
