(Food-Beverage-News.Com, November 21, 2017 ) North America Galacto-oligosaccharide Market is expected to grow at 9.45% CAGR from 2016 to 2021 and it is estimated that the North America market was valued at USD 169.84 million in 2016 and is relied upon to reach USD 266.76 million by 2021.
Galacto-oligosaccharide is widely used as a probiotic supplement in the infant formula. Its properties are similar to that of human milk, thereby making it a perfect substitute for natural milk. Furthermore, galacto-oligosaccharide is used as a low-calorie sweetener and nourishment fixing in items, for example, soda pops, yogurts, powdered milk and clabbered milk. It is a probiotic non-digestible ingredient known to have beneficial effects and improve one’s health by selectively stimulating the growth and activity of a limited number of bacteria in the colon.
Various factors expected to drive the market growth of galacto-oligosaccharide market includes innovation and new product developments in RTD coffees, yogurt, nectars, and sugar confectionery. Growing consumer awareness regarding the various types of nutraceutical food is another factor that is anticipated to drive the overall market growth in the coming years. A major factor that is expected to restrain the market growth of the galacto-oligosaccharide market during the forecast period is rising demand for Isomalto-oligosaccharide which is the type of oligosaccharide that resists the digestion.
The North America market for Galacto-oligosaccharide is segmented by Application. On the basis of Source, it is segmented into Food and Beverage and Dietary Supplements. Based on the application galacto-oligosaccharide market segmentation includes food and beverage, dietary supplements, infant formula and others of which food and beverage are expected to be the dominating segment, followed by infant formula segment. Food and beverage segment is further segmented into cereals and dairy products such as ice-cream, of which dairy product sub-segment is anticipated to be the leading segment, followed by other sub segment due to an extensive use of the galacto-oligosaccharide in the infant formula as an ingredient. Be that as it may, dietary supplements segment is anticipated to witness a high growth rate during the forecast period due to an increase in the consumer awareness regarding nutritional food which in turn will boost the demand of the nutraceutical.
On the basis of geography, the North America market is analyzed under various regions namely U.S and Canada. North America is anticipated to be the second largest market for the galacto-oligosaccharide due to the growing intake of low-fat products, low sugar tea, and coffee, yogurts. In North America, U.S and Canada are anticipated to account for the major share of the revenue in this region during the forecast period. Asia Pacific is anticipated to register the highest CAGR in the coming years due to the rising demand for cereals, functional food and beverages, infant formula and confectionary products in various countries. In Asia Pacific, China is projected to account for the largest share of the market in this region followed by India.
Some of the companies dominating the market are Yakult Pharmaceutical Industry Co Ltd, Taiwan Fructose Co Ltd, New Francisco Biotechnology, Nissin Sugar Manufacturing Co Ltd, Samyang Genex Co, QindaoFtz United International Inc, Abo Switzerland Co Ltd., Wuxi Cima Science Co Ltd., Royal Fries land Campina and Terio Co.
Market Segmentation: Application 1. Introduction 2. Food and Beverage i. Cereals ii. Dairy • Dietary Supplements • Others • Y-o-Y Growth Analysis, By Application • Market Attractiveness Analysis, By Application • Market Share Analysis, By Application
The scope of the report: • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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