Description
The
goal of this report is to characterize, portray, and estimate the market on the
premise of sort, application, therapeutic condition, and area. It gives
point-by-point data with respect to the main considerations influencing the
development of the market. This report likewise tracks and examines aggressive
improvements of the key players regarding market advancements, item portfolios,
and financials
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The
Report Contains
Galacto-Oligosaccharides
(GOS) Market Size By Application (Prebiotic Dietary Supplements, Food &
Beverage) Competitive Analysis & Forecast, 2012 - 2020
Industry
Overview
Global
galacto-oligosaccharides (GOS) market size is expected to reach 175.66 kilo
tons by 2020, growing at a CAGR of 9.3% from 2014 to 2020. Growth in infant
population is anticipated to drive GOS market over the forecast period.
According
to estimates, world population of children between ages 0-4 years was 642.2
million in 2010 and is expected to reach 1018.3 million by 2050. Global baby
food industry is expected to generate USD 55 billion by 2015 owing to high
demand for infant formula, dried baby food and prepared baby food.
Prebiotics
have been given GRAS status by U.S. FDA under section 201(s) of the Federal
Food, Drug and Cosmetic Act. According to Article 13 of Regulation (EC) No.
1924/2006 by European Food and Safety Authority (EFSA), it is also recognized
in reducing gastrointestinal discomfort and potential pathogenic
micro-organisms.
Increasing
use as low calorie sweeteners and food ingredients in food & beverages
application such as yogurt, soft drinks, chewing gums, cookies, ice creams and
powdered & clabbered milk is anticipated to drive galacto-oligosaccharides
market demand.
Low
per capita yogurt consumption in U.S., (6.7 kg in 2012), represents infancy
statge. Increasing awareness regarding health benefits of yogurt is likely to
drive GOS market growth. Spoonable yogurt, frozen yogurt and yogurt drinks
combined generated retail sales of USD 7 billion in 2012, which was 17% higher
than in 2010.
Growing
demand of substitute prebiotics products such as Isomaltooligosaccharide (IMO)
is likely to poses a possible threat to GOS market growth. North Carolina State
University has recently developed new production technique from recombinant
galactosyl transferase. This factor is likely to open up new avenue for
industry growth.
Europe GOS market size, by application,
2012-2020 (Tons)
Application
Overview
GOS
fortified food and beverages occupied a major chunk of the global volume with
revenue generation estimated at over USD 400 million in 2013. This application
is also likely to witness highest gains over the forecast period. It helps in
maintaining digestive health of middle aged and elderly consumers and hence
consumption of fortified food is on the rise in population of all age groups.
GRAS recognition is also likely to surge its use in bars, dairy products, fruit
drinks and waters/quenchers, fruit preparations, baby foods, and milk
beverages.
Prebiotic
dietary supplements accounted for more than 4% of the demand in 2013 and are
expected to witness gains at an estimated CAGR of 7% from 2014 to 2022. Growing
nutraceuticals demand on account of increased awareness towards nutrition is
likely to surge GOS demand for this particular application.
Regional
Overview
Europe
was the dominant region with valuation of over USD 250 million in 2013.
Presence of many infant formula producing companies including Danone, Humana
and Ordesa Group has resulted in Europe being a net exporter. This region is
also influence by high demand from dairy products, infant formula, functional foods,
beverages, food supplements and cosmetics
.
Asia
Pacific GOS market accounted for more than 25% of the total volume in 2014 and
is anticipated to witness highest gains at an estimated CAGR of over 9.5% up to
2020. Asia Pacific is the largest region for infant formulas owing to high
demand from China as a result of increasing infant population (82 million
children under five years of age).
Asia
Pacific has immense growth potential as untapped markets including India &
China provide opportunities due to increasing number of working women and
rising per capita disposable income resulting in foreign players entering into
the region. Global infant formula demand is expected to witness 2% annual
growth with demand growing faster in Asia Pacific
Competitive
Market Share
Global
GOS market share is highly consolidated and was dominated by four companies,
accounting for over 60.0% in 2013. Among these companies, Royal
FrieslandCampina was the largest with over 20.0% of share in 2013. The
Netherlands based FrieslandCampina is an integrated product manufacturer with
lactose and GOS manufacturing facilities.
Other
major players include Yakult Honsha, Nissin Sugar, Ingredion, First Milk,
Kerry, Samyang, Taiwan Fructose and Wuxi.
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Full Report at- https://www.radiantinsights.com/research/gos-market
This
report is a total investigation of ebb and flow inclines in the market,
business development drivers, and restrictions. It gives showcase projections
to the coming years. It incorporates investigation of late advancements in
innovation, Doorman's five power demonstrate examination and point by point
profiles of best industry players. The report additionally incorporates a
survey of miniaturized scale and large-scale factors fundamental for the
current market players and new participants alongside nitty gritty esteem chain
examination
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