Global galacto-oligosaccharide (GOS) market is expected to reach USD 1,622.28 million by 2026, at a CAGR of 9.79% from 2019 to 2026. The key contributing factors for the market growth are growing need for prebiotic dietary supplements, tremendous health benefits, and growing nutritional needs of the elderly population.
Galacto-oligosaccharides (GOS), also known as oligogalactose, or transgalactooligosaccharides (TOS), belongs to the group of prebiotics and are non-digestible food ingredients. It helps in resisting hydrolysis by salivary and intestinal digestive enzymes. The increasing occurrences of chronic diseases globally has increased the consumption rate of galacto-oligosaccharides (GOS). According to Federal Food, Drug, and Cosmetic Act (section 201(s)) of U.S., the GOS is safe for consumption and has given GRAS (Generally Recognized as Safe) status. The increasing demand for the product and consumer awareness regarding healthy eating has increased the market growth. The tremendous benefits provided by GOS include improving the digestive health of middle and old aged consumer and rising consumption of low-fat based products which will also increase the demand over the forecast period.
Global Galacto-Oligosaccharide (GOS) Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The galacto-oligosaccharide (GOS) market is segmented on the basis of product and end user.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Europe region held the largest market share of approximately 50.47% in 2018 where as the North America region held the second dominant position in the global galacto-oligosaccharide (GOS) market.
Global Galacto-Oligosaccharide (GOS) Market Competitive Analysis:
Key players in the galacto-oligosaccharide (GOS) market are Royal FrieslandCampina, Nissin Sugar Co., Ltd., Clasado BioSciences, New Francisco Biotechnology Corporation Limited (NFBC), Yakult Pharmaceutical Industry, Ingredion, First Milk Ltd., Kerry Group, Taiwan Fructose, Samyang, Wuxi Cima Science, Kowa Europe GmbH, Lactose (India) Limited, and others. The Royal Fries land Campina, Yakult Pharmaceutical Industry, Nissin Sugar Co., Ltd., Ingredion, NFBC, and Clasado BioSciences are the top leading players of the market.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global galacto-oligosaccharide (GOS) market on the basis of below mentioned segments:
Global Galacto-Oligosaccharide (GOS) Market, By Product:
Global Galacto-Oligosaccharide (GOS) Market, By End User:
Global Galacto-Oligosaccharide (GOS) Market, By Regions:
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