US galacto-oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. 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 in the country is promoting the growth of the galacto?oligosaccharides market. Rising concerns regarding gut diseases, high blood pressure, diabetes, and rickets among other chronic diseases have resulted in an increased demand for functional food and beverages, which is expected to propel the demand for galacto?oligosaccharides in the country. However, the high cost of this product owing to the high price of raw materials used to produce it may hinder its market growth.
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Furthermore, the presence of the major market players in the region such as Abbot, Nestle, and Nissin among others that are making a key contribution towards the development of new products is fuelling the market growth of galacto?oligosaccharides in the country. The technical complexity of the production method 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. Moreover, the key players of the market are adopting different growth strategies such as mergers & acquisitions, partnerships, and collaboration among others to remain competitive in the galacto?oligosaccharides market across the globe.
The galacto?oligosaccharides market is segmented on the basis of application into infant formula, dietary supplements, and functional food & beverage. Based on application, the infant formula is expected to hold major market share during the forecast period. The growing adoption of the galacto?oligosaccharides in making nutritious formula for infants is a key factor contributing towards the growth of the market segment.
Research Methodology
The market study of the US galacto?oligosaccharides market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Market Determinants
4.1 Motivators
4.2 Restraints
3.1. Opportunities
4. Market Segmentation
4.1. US Galacto?oligosaccharides Market by Application
4.1.1. Infant Formula
4.1.2. Dietary Supplements
4.1.3. Functional Food & Beverage
5. Company Profiles
5.1. Abbott Laboratories Inc.
5.2. AIDP Inc.
5.3. Baolingbao Biology Co., Ltd.
5.4. Clasado Biosciences
5.5. DuPont de Nemours, Inc.
5.6. Fonterra Co-operative Group Ltd.
5.7. Ingredion Inc.
5.8. Kerry Group plc
5.9. Olygose
5.10. Royal FrieslandCampina N.V.
5.11. Vitalus Nutrition Inc.
5.12. Yakult Honsha Co. Ltd
5.13. ZuChem Inc.
1. US GALACTO?OLIGOSACCHARIDES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. US GALACTO?OLIGOSACCHARIDES MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)