Galacto-Oligosaccharide (GOS) Market Is Projected To Be Around $1.13 Billion By 2022
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A research study titled, “Galacto-oligosaccharide (GOS) Market by Application - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Galacto-oligosaccharide (GOS) Market is projected to be around $1.13 billion by 2022.
The global Galacto-oligosaccharide (GOS) market was worth USD 0.56 billion in the year of 2014 and is expected to reach approximately USD 1.13 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 8.01% during the forecast period. Galacto-oligosaccharide also termed oligogalactosyllactose or oligolactose hails from the prebiotics group. Prebiotics are characterized as non-digestible food ingredients that gainfully influence the host by invigorating the development as well as action of advantageous microscopic organisms in the colon. In light of the design of their glycosidic bonds, galacto-oligosaccharides to a great extent oppose hydrolysis by salivary and intestinal stomach related enzymes. The majority of the makers create a few classes of items regarding galacto-oligosaccharides immaculateness in either syrup or additionally powder form.
The global Galacto-oligosaccharide (GOS) market is expected to witness significant growth due to its extensive utilization in infant formulation. Galacto-oligosaccharide consists of properties that are identical to the milk of human; hence it provides high level of nutrition to the infant. The Food and Drug Administration of the United States acknowledges galacto-oligosaccharide to be safe for utilization and have given it the Generally Recognized as Safe (GRAS) status under the act of Federal Food, Drug, and Cosmetic which is one of the major factors that influence the growth of this market. As per a study, the product is anticipated to be useful in reducing pathogenic microorganisms and gastrointestinal problems which boost the demand of the product significantly. Furthermore, increasing demand for cereals, ice-creams and dairy products is expected to boost the demand of the product. The utilization of galacto-oligosaccharide in products like bars, waters or quenchers, milk beverages, fruit preparations and baby foods is anticipated to increase on account if regulatory support as well as its excellent features like high nutrient content and non-toxicity.
On the basis of application the global Galacto-oligosaccharide (GOS) market is segmented into Food & Beverages and Dietary Supplements. The leading manufacturers in this market are Taiwan Fructose, Nissin Foods, Yakult Danone India Private Limited, Samyang Optics, ABO Swiss Co. Ltd., First Milk, Humana and New Francisco Biotechnology. Geographically, the market is segmented into Europe, Asia Pacific, North America and Rest of the world.
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Key findings of the global Galacto-oligosaccharide (GOS) market
- In 2013 the global Galacto-oligosaccharide market was worth 94.1 kilo tons and is anticipated to reflect significant growth in the upcoming years.
- Galacto-oligosaccharide requirement in dietary supplements is relied upon to witness development by virtue of nutraceutical market development in light of the expanded mindfulness towards wholesome nourishment. Developing nutraceutical demand in China and India is relied upon to positively affect advertise throughout the following years.
- Europe is anticipated to be the largest regional market in the upcoming years as it registered for more than 50 percent if the total markets share in 2013. Rising demand for baby food is anticipated to boot the growth of Galacto-oligosaccharide in the region.
- Asia Pacific is anticipated to reflect substantial growth in the following years. Decisive outlook towards the food and beverage industry couple with rising expenditure on technological development is anticipated to fuel the growth of the market.