According to the research report titled ‘Global Galactoligosaccharides Market Size study, by Source (Plants, Animals, Microorganisms) by Form (Powder, Tablets, Capsules, Liquid) by Application (Food and Beverages, Bakery Products, Dairy Products, Cereals, Dietary Supplements, Infant Formula, Elderly Nutrition, Sports and Clinical Supplements and Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global galactoligosaccharides market is anticipate to progress at modest pace during 2022-2028.
Global galactoligosaccharides market growth is attributed to growing product adoption, in consort with rising cognizance about its health benefits.
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For the unversed, galacto-oligosaccharides (GOS) are prebiotics that are composed of chains of plant sugars. They can be found in various root vegetables, dairy products, and legumes. Prebiotics nourish the good bacteria in the intestine, making them beneficial for human health.
Furthermore, growing R&D activities around the world concerning galactoligosaccharides is expected to bolster industry outlook in the coming years. However, emergence of product replacements may restrain market trends during the stipulated timeframe.
Based on source, worldwide galactoligosaccharides industry is divided into microorganisms, animals, and plants. In terms of form, the market is classified into liquid, capsules, tablets, and powder. On the basis of application ambit, the marketplace is branched into sports & clinical supplements, elderly nutrition, infant formula, dietary supplements, cereals, dairy products, bakery products, and food & beverages.
Regionally, the latest industry trends are studied across North America (U.S., Canada), Europe (U.K, Italy, Spain, France, Germany), Asia Pacific (China, South Korea, India, Australia, Japan), and Latin America (Mexico, Brazil).
Among these, Europe industry accounts for a major revenue share at present and is anticipated to grow at a modest pace, owing to increasing emphasis on research as well as purity of galactoligosaccharides to meet the demands of premium applications.
Meanwhile, Asia Pacific market is slated to progress with a healthy CAGR over the forecast duration, on the back of increasing consumer awareness of prebiotics, and the development of plant based GOS variants in the region.
On the competitive front, Samyang Corp., Kowa Europe GmbH, Kerry Group plc, First Milk Ltd., Ingredion Incorporated, Nissin Sugar Co., Ltd., Yakult Honsha Co., Ltd., Royal FrieslandCampina N.V., Megmilk Snow Brand Co., Ltd., and Clasado Ltd. are the major players in global galactoligosaccharides market.
Question and Answer: Global Galactoligosaccharides Market
Q1. What are the major growth determinants for global galactoligosaccharides market?
Answer: Global galactoligosaccharides market growth is attributed to growing product adoption, in consort with rising cognizance about its health benefits.
Q2. How will Asia Pacific contribute toward global galactoligosaccharides market expansion?
Answer: Increasing consumer awareness of prebiotics and the development of plant based GOS variants are enabling Asia Pacific to emerge as a prospective avenue for the industry in the coming years.
Q3. Which are the major players in global galactoligosaccharides market?
Answer: Samyang Corp., Kowa Europe GmbH, Kerry Group plc, First Milk Ltd., Ingredion Incorporated, Nissin Sugar Co., Ltd., Yakult Honsha Co., Ltd., Royal FrieslandCampina N.V., Megmilk Snow Brand Co., Ltd., and Clasado Ltd. are the major players in global galactoligosaccharides market.
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