Asia-Pacific galacto-oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. The growing infant mortality rate, increasing disposable income, and rising consumer awareness related to their health management are the key factors that are promoting the adoption of galacto-oligosaccharides in their diet which in turn is driving the market growth. The growing population in the Asia-Pacific region is providing a significant opportunity for baby products, confectionery and bakery products and milk-based products. As a result, it has been attracting a considerable number of market players to launch their product offerings in this region. According to the India Brand Equity Foundation (IBEF), the food processing industry in India accounts for a total of 32% of India’s total food market. The growing food and beverage industry in the country is anticipated to drive the growth of the market in the region.
Furthermore, the presence of the major market players in the region such as Elicityl SA, Glycosyn LLC, Gnubiotics, Inbiose NV, Jennewein Biotechnologie GmbH among others that are making a key contribution towards the development of new products is fuelling the market growth of galactooligosaccharides in Asia-Pacific. 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.
The galacto-oligosaccharides market is segmented on the basis of application infant formula, dietary supplements, and functional food & beverage. In Asia-Pacific, the demand for liquid galacto-oligosaccharides is high as this form is highly being used in the production of food products such as beverages, fermented milk, and so on. The growing adoption of galacto-oligosaccharides in making nutritious formula for infants is a key factor contributing to the growth of the market segment.
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Asia-Pacific Galacto‐Oligosaccharides Market Segmentation
By Application
- Infant Formula
- Dietary Supplements
- Functional Food & Beverage
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
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Company Profiles
- Abbott Laboratories
- Baolingbao Biology Co., Ltd.
- BASF SE
- Clasado Biosciences
- DuPont de Nemours, Inc.
- Ingredion Inc.
- Kerry Group plc
- Nestle S.A.
- Olygose SAS
- Taiwan Fructose Co., Ltd.
- Yakult Pharmaceutical Industry Co., Ltd.
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