Asia-Pacific galacto-oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. The growing infant mortality rate, increasing disposable income, and rising consumer awareness related to their health management are the key factors that are promoting the adoption of galacto-oligosaccharides in their diet which in turn is driving the market growth. The growing population in the Asia-Pacific region is providing a significant opportunity for baby products, confectionery and bakery products and milk-based products. As a result, it has been attracting a considerable number of market players to launch their product offerings in this region. According to the India Brand Equity Foundation (IBEF), the food processing industry in India accounts for a total of 32% of India’s total food market. The growing food and beverage industry in the country is anticipated to drive the growth of the market in the region.
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Furthermore, the presence of the major market players in the region such as Elicityl SA, Glycosyn LLC, Gnubiotics, Inbiose NV, Jennewein Biotechnologie GmbH among others that are making a key contribution towards the development of new products is fuelling the market growth of galactooligosaccharides in Asia-Pacific. The technical complexity of the production method is a major restraint for the new market entrants. The market players are actively investing in new production methods to improve efficiency and to retain their market position.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Asia-Pacific Galacto?oligosaccharides Market by Application
- Infant Formula
- Dietary Supplements
- Functional Food & Beverage
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Abbott Laboratories
- Baolingbao Biology Co., Ltd.
- BASF SE
- Clasado Biosciences
- DuPont de Nemours, Inc.
- Ingredion Inc.
- Kerry Group plc
- Nestle S.A.
- Olygose SAS
- Taiwan Fructose Co., Ltd.
- Yakult Pharmaceutical Industry Co., Ltd.
The Report Covers
- Comprehensive research methodology of the Asia-Pacific galacto-oligosaccharides market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific galacto-oligosaccharides market.
- Insights about market determinants which are stimulating the Asia-Pacific galacto-oligosaccharides market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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