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Galacto-oligosaccharides Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Dietary Supplements), By Region, And Segment Forecasts, 2019 - 2025

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  • 100 Pages
  • May 2019
  • Region: Global
  • Grand View Research
  • ID: 4031964
The global galacto-oligosaccharides (gos) market size is projected to reach USD 1.58 billion by 2025, according to this report. It is expected to expand at a CAGR of 9.6% during the forecast period. Augmenting demand for GOS in infant formula across the globe is anticipated to drive the growth. Improved standard of living of the consumers has enabled them to spend more on baby foods, thereby driving the demand for GOS.

Another important factor bolstering the demand for GOS is the increasing instance of new product development. Galacto-oligosaccharides are used in a wide range of products such as butter, cheese, curd, yogurt, breads, cakes, and many more. It helps improve liver condition and intestinal health, lower cholesterol level and risk of cancer and enhances overall human health. Spoonable yogurt, drinking yogurt, and liquid cultured milk are some of the new products developed in the recent past that make use of GOS.

The market growth, however, is slowed down by various factors. Prominent among them is the presence and increasing preference for substitute ingredients/materials. For instance, prebiotics such as isomaltooligosaccharides (IMO), which exhibit similar functionalities can be used as substitutes for GOS. Isomaltooligosaccharide (IMO) is a digestion resistant oligosaccharide present in cereal crops such as wheat, barley, corn, pulses, oats, tapioca, rice, potato and other starch sources. IMO can also be artificially-derived using starch.

Europe emerged as the largest market for GOS in 2018 with a share of 52%. The presence of prominent GOS manufacturers has favored the regional market growth. Some of the key market participants operating in the region are Clasado BioSciences, First Milk Ltd., FrieslandCampina, and Kerry Group. Prevalence of diabetes, obesity, and chronic diseases are likely to propel demand for nutritional functional food and beverages. Increasing adoption of the ‘food as medicine’ concept among the young population in the region is anticipated to drive the demand for GOS over the forecast period.

Asia Pacific is another region that has been witnessing significant demand for galacto-oligosaccharides. Rapidly growing beverage industry in economies including China, Indonesia, India, Thailand, and Vietnam are expected to have a positive impact on the market growth over the forecast period. Growing awareness regarding healthcare on account of rising prevalence of chronic diseases including blood pressure and diabetes is expected to have a positive impact on the market growth. Increased youth population coupled with rising interest in sports activities is expected to propel demand for GOS based beverage and food products in the region.

The Galacto-oligosaccharides (GOS) market is moderately fragmented with both domestic and international players sharing the market space. To sustain the competition, prominent players engage in product innovation and mergers and acquisitions as their key strategies. In addition, key players have been investing extensively in R&D activities in a bid to develop high quality and effective GOS ingredients. This is in reaction to an increasing need for product differentiation.

Further key findings from the report suggest:
  • In terms of application, food and beverages held the leading market share of 92.7% in terms of volume in 2018. This segment is driven by increasing demand for dairy products, which have lactose as one of their key components

  • Food and beverage segment has been further divided into four types, namely, bakery products, dairy products, cereals, and others. Dairy product witnessed the highest consumption of GOS in 2018, attributed to increasing consumption of dairy products including cheese, butter, and yogurt

  • Asia Pacific is expected to witness the fastest CAGR of 11.4% from 2019 to 2025. The high growth potential associated with the dairy industry is expected to contribute to the regional growth

  • The Galacto-oligosaccharides (GOS) market is characterized by intense competition among prominent market participants. The key players have been targeting countries such as China and Japan to set up their manufacturing facilities owing to the presence of a large consumer base

  • Some of the key market players are Clasado BioSciences, Snow Brand Milk Products Co Ltd, FrieslandCampina, Yakult Honsha Co., Nissin Sugar Co., and Ingredion Inc. among others

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Table of Contents

Chapter 1 Methodology and Scope
1.1 Information Procurement
1.1.1 Purchased Database
1.1.2 Internal database
1.1.3 Secondary Sources
1.1.4 Third Party Perspective
1.1.5 Primary Research
1.2 Information Analysis & Data Analysis Models
1.3 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Insights
2.2 Segmental Insights
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook: Global Health & Wellness Food Market
3.1.2 Related Market Outlook: Global Prebiotics Market
3.2 Penetration & Growth Prospect Mapping
3.3 Value Chain Analysis
3.3.1 Raw Material Trends Major Raw Material Analysis Lactose Procurement Best Practices
3.3.2 Manufacturing trends Technology Trends Outsourcing and contract manufacturing trends
3.3.3 cost structure and profit margin analysis Average Selling Price Analysis Profit margin and cost analysis
3.3.4 sales channel analysis
3.3.5 Vendor selection criteria
3.4 Galacto-oligosaccharide Analysis
3.4.1 New Products
3.4.2 Product Compaign Information
3.5 Technology Overview
3.5.1 Technology timeline
3.6 Regulatory Framework
3.7 Market Dynamics
3.7.1 Market Driver Analysis Growing demand for infant formula New product development
3.7.2 Market restraint Analysis Availability of substitutes
3.7.3 Industry challenges Stringent regulations
3.8 Business Environment Analysis
3.8.1 Porter’s Analysis Threat of new entrants Bargaining power of suppliers Bargaining power of buyers Threat of substitutes Competitive rivalry
3.8.2 PESTLE Analysis Political Landscape Environmental Landscape Social Landscape Technology Landscape Economic Landscape Legal Landscape
3.8.3 Major Deals & Strategic Alliances Analysis Mergers & AcquIsitions Licensing & partnership
3.9 Market Entry Strategy
Chapter 4 Galacto-oligosaccharide (GOS) Market: Application Estimates & Trend Analysis
4.1 Definitions & Scope
4.2 Galacto-oligosaccharide (GOS) market: Product Application movement Analysis, 2018 & 2025
4.3 Food & Beverages
4.3.1 Market demand in food & beverages, 2014 2025 (Tons) (USD Million) Market demand in food & beverages, by product, 2014 - 2025 (Tons) (USD Million)
4.4 Dietary Supplements
4.4.1 Market demand in dietary supplements, 2014 2025 (Tons) (USD Million) Market demand in dietary supplements, by product, 2014 - 2025 (Tons) (USD Million)
4.5 Other Applications
4.5.1 Market demand in other applications, 2014 2025 (Tons) (USD Million) Market demand in other applications, by product, 2014 - 2025 (Tons) (USD Million)
Chapter 5 Galacto-oligosaccharide (GOS) Market: Regional Estimates & Trend Analysis
5.1 Definition & Scope
5.2 Market: Regional Movement Analysis, 2018 & 2025
5.3 North America
5.3.1 NMarket estimates and forecast, by application (Tons) (USD Million)
5.3.2 U.S. Market estimates and forecast, by application (Tons) (USD Million)
5.3.3 Canada Market estimates and forecast, by application (Tons) (USD Million)
5.4 Europe
5.4.1 Market estimates and forecast, by application (Tons) (USD Million)
5.4.2 Germany Market estimates and forecast, by application (Tons) (USD Million)
5.4.3 U.K. Market estimates and forecast, by application (Tons) (USD Million)
5.5 Asia Pacific
5.5.1 Market estimates and forecast, by application (Tons) (USD Million)
5.5.2 China Market estimates and forecast, by application (Tons) (USD Million)
5.5.3 Japan Market estimates and forecast, by application (Tons) (USD Million)
5.5.4 Australia Market estimates and forecast, by application (Tons) (USD Million)
5.5.5 New Zealand Market estimates and forecast, by application (Tons) (USD Million)
5.6 Central & South America
5.6.1 Market estimates and forecast, by application (Tons) (USD Million)
5.6.2 Brazil Market estimates and forecast, by application (Tons) (USD Million)
5.7 Middle East & Africa
5.7.1 Market estimates and forecast, by application (Tons) (USD Million)
Chapter 6 Competitive Analysis
6.1 Key Players’ Recent Developments & Their Impact
6.2 Key Innovators, Market Leader, and Emerging Players
6.3 Vendor Landscape
6.3.1 List of key distributors & channel partners
6.3.2 Key customers
6.4 Public Companies
6.4.1 Company market position analysis
6.4.2 Company ranking
6.4.3 Competitive dashboard analysis
6.4.4 Synergy Analysis: Major Deals & Strategic Alliances
6.4.5 SWOT Analysis of Public companies
6.5 Private Companies
6.5.1 List of key emerging companies/technology disruptors/innovators
6.5.2 Geographical Presence
6.5.3 Company market position analysis
Chapter 7 Company Profiles
7.1 Clasado BioSciences
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 Snow Brand Milk Products Co Ltd
7.2.1 company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Royal FrieslandCampina
7.3.1 company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Yakult Honsha
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5 Nissin Sugar Co., Ltd.
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Ingredion
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 First Milk Ltd.
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 Kerry Group
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.8.4 Strategic Initiatives
7.9 Kowa Europe GmbH
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.9.4 Strategic Initiatives
7.10 Samyang
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Strategic Initiatives

Companies Mentioned

  • Clasado BioSciences

  • Snow Brand Milk Products Co Ltd

  • Royal FrieslandCampina

  • Yakult Honsha

  • Nissin Sugar Co., Ltd.

  • Ingredion

  • First Milk Ltd.

  • Kerry Group

  • Kowa Europe GmbH

  • Samyang