US galacto-oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. 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 in the country is promoting the growth of the galacto?oligosaccharides market. Rising concerns regarding gut diseases, high blood pressure, diabetes, and rickets among other chronic diseases have resulted in an increased demand for functional food and beverages, which is expected to propel the demand for galacto?oligosaccharides in the country. However, the high cost of this product owing to the high price of raw materials used to produce it may hinder its market growth.
Furthermore, the presence of the major market players in the region such as Abbot, Nestle, and Nissin among others that are making a key contribution towards the development of new products is fuelling the market growth of galacto?oligosaccharides in the country. 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. Moreover, the key players of the market are adopting different growth strategies such as mergers & acquisitions, partnerships, and collaboration among others to remain competitive in the galacto?oligosaccharides market across the globe.
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- Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- 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
US Galacto?oligosaccharides Market by Application
- Infant Formula
- Dietary Supplements
- Functional Food & Beverage
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Company Profiles
- Abbott Laboratories Inc.
- AIDP Inc.
- Baolingbao Biology Co., Ltd.
- Clasado Biosciences
- DuPont de Nemours, Inc.
- Fonterra Co-operative Group Ltd.
- Ingredion Inc.
- Kerry Group plc
- Olygose
- Royal FrieslandCampina N.V.
- Vitalus Nutrition Inc.
- Yakult Honsha Co. Ltd
- ZuChem Inc.
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