The galacto-oligosaccharides market is projected to grow at a considerable CAGR of 8.5% during the forecast period (2020-2026). There is a high demand for functional food and beverages with prebiotic properties. The rising demand for fortifying food with prebiotic ingredients is anticipated to drive the growth of the galacto?oligosaccharides market across the globe. Fortification of functional food and beverages with galacto?oligosaccharides promotes the development of good bacteria and eliminates harmful bacteria, including salmonella, listeria, and campylobacter.

The high use of galacto?oligosaccharides in the preservation of dairy products is expected to drive its market growth. The increasing awareness related to the advantage of taking galacto?oligosaccharides by both infants and adults along with the rising demand for food & beverages and dietary supplements across the globe is again driving the global market. Companies including ZuChem, Inc., Abbot Laboratories, and Glycosyn LLC have been making efforts to develop galacto?oligosaccharides for functional food and beverages. Several enzymes and chemicals used for manufacturing galacto?oligosaccharides are very expensive and have limited availability. This factor is likely to hinder the market growth. The considerable shift towards a sedentary lifestyle, rising disposable income, and increasing health-related concerns are anticipated to offer significant growth opportunities during the forecast period.

 Segmental Outlook  

The galacto?oligosaccharides market is segmented on the basis of application into infant formula, dietary supplements, and functional food & beverage. The infant formula is expected to hold a major market share and is also expected to exhibit considerable growth during the forecast period. The growing adoption of the galacto?oligosaccharides in making nutritious formula for infants is a key factor contributing to the growth of the market segment. Galacto?oligosaccharides impart direct bacteriostatic or bacteriocidal antimicrobial effects in the body of the infant. Galacto?oligosaccharides prohibit the growth of streptococcus agalactiae, which is a key cause of invasive bacterial infections in newborns. The proper feeding of the infant with galacto?oligosaccharides reduces the risk of pneumonia, septicemia, and meningitis in infants. Several studies have revealed the effects of galacto?oligosaccharides enable the newborn to fight against the emerging antibiotic-resistance crisis.

Global Galacto?Oligosaccharides Market Share by Application, 2019 (%)

Regional Outlook 

The market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to hold a major market share in the global galacto?oligosaccharides market during the forecast period.  The US is anticipated to hold a major market share in North America. North America is expected to dominate the galacto?oligosaccharides market due to the wide presence of major market players in the region such as Abbott, among others that are making a key contribution towards the development of new products is fuelling the market growth of galacto?oligosaccharides industry in the region. Moreover, increasing demand for nutritional supplements is also one of the important factors boosting the North America galacto?oligosaccharides market. 

Global Galacto?Oligosaccharides Market Growth, by Region 2020-2026

Asia-Pacific will augment with the significant growth rate in the market

In the Asia-Pacific region, the growing concerns related to gut diseases, diabetes, rickets, and high blood pressure, and among other chronic diseases are creating a high demand for functional food and beverages, which is expected to propel the regional demand for galacto?oligosaccharides. Therefore, the growing usage of dietary supplements and the rising demand for functional food in the region is anticipated to drive the growth of the regional market. The demand for high nutrition food for children as well as adults along with new product launches in the India and China market is further making a huge contribution towards the growth of the galacto?oligosaccharides market in the Asia-Pacific market.

Market Players Outlook

Abbott Laboratories, Nestle S.A., Zuchem, Inc., BASF SE, DuPont de Nemours, Inc., Royal FrieslandCampina NV, Taiwan Fructose Co., Ltd., Yakult Pharmaceutical Industry Co., Ltd., and so on are among the key players operating in the global galacto?oligosaccharides market. The technical complexity of the production methods is a major restraint for the new market entrants. The market players are actively investing in new production methods to improve efficiency and to retain their market position. Additionally, the market players are adopting different strategies such as merger & acquisition, partnership, and collaboration among others to remain competitive in the market place. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global galacto?oligosaccharides market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.