Galacto-oligosaccharide Market to grow by USD 746.25 million from 2024-2028; Europe to account for 41% of market growth - Technavio

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Dec 11, 2023, 18:55 ET

NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The galacto-oligosaccharide market size is expected to grow by USD 746.25 million from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 10.29% during the forecast period, according to Technavio Research. The market is segmented based on Product (Syrup and Powder), Application (Food and beverages, Dietary supplements, and Others), and Geography (Europe, North America, Asia, and Rest of World (ROW)). Europe will contribute 41% to the growth of the global market during the forecast period. The regional market is fragmented due to the presence of various regional and global players. An increase in the demand for various infant formulations in the region is led by the growing popularity of ready-to-use healthy infant foods among European consumers. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read a PDF Sample Report

Technavio has announced its latest market research report titled Global Galacto-oligosaccharide Market 2024-2028

Company Profile:

Baolingbao Biology Co. Ltd., Biofermen Pvt. Ltd., Clasado Ltd., Danone SA, Fonterra Cooperative Group Ltd., Informa PLC, Ingredion Inc., Kerry Group Plc, Lactose India Ltd., MEGMILK SNOW BRAND Co. Ltd., NATVIE Healthcare Ltd., Quantum Hi Tech China Biological Co. Ltd., Royal FrieslandCampina NV, Saputo Inc., Sumitomo Corp., Taiwan Fructose Co. Ltd., Van Wankum Ingredients BV, Vitalus Nutrition Inc., Yakult Honsha Co. Ltd.

Baolingbao Biology Co. Ltd.: The company offers galacto oligosaccharides are soluble non-digestible carbohydrates.

To gain access to more vendor profiles available with Technavio, buy the report!

Galacto-oligosaccharide Market: Segmentation Analysis

The syrup segment will be significant during the forecast period. The products in this segment are easy to consume, even by children, and have high solubility. Even though the syrup form is preferred to the powder form, the sedimentation of solids occasionally leads to the poor form of products. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio

Galacto-oligosaccharide Market: Driver & Trend:

Driver

Increasing need for supplementary nutrients among infants
Growing popularity of e-commerce in the healthcare industry
Health benefits of galacto-oligosaccharides

The growing popularity of e-commerce in the healthcare industry drives market growth. There is a growth in the use of e-commerce to distribute and sell prebiotics. The sector experiences growth due to the benefits offered by e-commerce solutions. For instance, Amazon is one of the leading e-commerce platforms that sell galacto-oligosaccharide products across the world.

The growing nutritional needs of the elderly population are an emerging market trend. Identify key trends, drivers, and challenges in the market. Download a sample report to gain access to this information.

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The artisan ice cream market size is expected to increase by USD 4.74 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.96%.

The lactase enzyme market is estimated to decline at a CAGR of 4.56% between 2022 and 2027. The size of the market is forecast to increase by USD 154.25 million.

What are the key data covered in this galacto-oligosaccharide market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the galacto-oligosaccharide market between 2023 and 2028.
Precise estimation of the galacto-oligosaccharide market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the galacto-oligosaccharide market across North America, Europe, Asia, and ROW
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of galacto-oligosaccharide market vendors.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio