The galacto-oligosaccharides market is projected to grow at a considerable CAGR of 8.5% during the forecast period (2020-2026). There is a high demand for functional food and beverages with prebiotic properties. The rising demand for fortifying food with prebiotic ingredients is anticipated to drive the growth of the galacto?oligosaccharides market across the globe. Fortification of functional food and beverages with galacto?oligosaccharides promotes the development of good bacteria and eliminates harmful bacteria, including salmonella, listeria, and campylobacter.
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The high use of galacto?oligosaccharides in the preservation of dairy products is expected to drive its market growth. The increasing awareness related to the advantage of taking galacto?oligosaccharides by both infants and adults along with the rising demand for food & beverages and dietary supplements across the globe is again driving the global market. Companies including ZuChem, Inc., Abbot Laboratories, and Glycosyn LLC have been making efforts to develop galacto?oligosaccharides for functional food and beverages. Several enzymes and chemicals used for manufacturing galacto?oligosaccharides are very expensive and have limited availability. This factor is likely to hinder the market growth. The considerable shift towards a sedentary lifestyle, rising disposable income, and increasing health-related concerns are anticipated to offer significant growth opportunities during the forecast period.
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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
European Galacto-Oligosaccharides Market report Segment
By Application
- Infant Formula
- Dietary Supplements
- Functional Food & Beverage
European Galacto-Oligosaccharides Market report Segment
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global galacto?oligosaccharides market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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