Global Galacto?oligosaccharides Market is valued approximately USD 997 million in 2020 and is anticipated to grow with a healthy growth rate of more than 9.6% over the forecast period 2021-2027. Galacto-Oligosaccharides are a type of prebiotic that are non-digestible food elements that benefit the host by stimulating the growth and activity of beneficial bacteria in the colon. Thus, Increase technological innovations in the market and increasing demand from the baby food products are factors contributing to the market growth. For instance: according to Statista, Market value of infant nutrition, worldwide is expected to reach USD 96.3 Billion, in the year 2027 from USD 67.3 Billion, in the year 2019. However, stringent regulations relating to use of prebiotic ingredients impedes the growth of the market over the forecast period of 2021-2027. Also, increasing disposable income and rising investments from the private players is likely to increase the growth of the market in the forecasting period.
The regional analysis of global Galacto?oligosaccharides market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation, Europe is the significant region in terms of largest market share, across the world owing to rapid increasing demand for baby food Whereas, Asia Pacific is anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing demand in the food & beverages industry would create lucrative growth prospects for the Galacto?oligosaccharides market across Asia Pacific region.
Major market player included in this report are:
New Francisco Biotechnology Co Ltd
Royal Friesland Campina
Yakult Pharmaceutical Industry
Taiwan Fructose Co. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Food & Beverages
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Galacto?oligosaccharides Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers