The Global Galacto-oligosaccharide (GOS) Market is forecasted to reach USD 1.78 Billion by 2028, according to a new report by Reports and Data.
Galacto-oligosaccharide (GOS) is forecasted to grow over the forecast period owing to the rising focus in quality of food and beverage. It increases shelf life by reducing microbial contamination. GOS is stable in various other temperature ranges. Presence of low calorific value of GOS makes it suitable for use by people suffering from diabetes.
Confectionaries products, milk products, beverages, and bread uses Galacto-oligosaccharide (GOS) for its low-calorie sweeteners. Nutritional content present in it is similar to that of human milk and is used for formulation in human milk thus driving the growth of the market.
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Europe holds the largest market share followed by the Asia Pacific and North America regions. Investment in R&D by developed countries for the development of high purity and more efficient mixtures to fulfill the demand of the increasing population. This is forecasted to boost the market in this region during the forecast period. The shift in the trend for breakfast cereals instead of a homemade meal for health reasons is driving the market in emerging nations such as India and China.
Key participants include Yakult Honsha, Royal FrieslandCampina, Ingredion group of companies, First Milk Ltd., Taiwan Fructose, WuXi AppTec, Kowa Europe GmbH, Nissin Sugar Co., Ltd., Samyang, and Kerry Group among
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global Galacto-oligosaccharide (GOS) Market on the basis of Source, Formulation, Application, and Region:
Source Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Formulation Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
The report emphasizes the following key questions:
Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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