The increase in the use of fructo-oligosaccharides (FOS) in dairy products, especially in infant food is influencing the market growth.
Market Size – USD 818.2 Million in 2018, Market Growth - CAGR of 10.6%, Market Trends – Demand for fructo-oligosaccharides (FOS) in the pharmaceutical industry.
NEW YORK, April 25, 2019 (GLOBE NEWSWIRE) -- The global Fructo-oligosaccharides (FOS) market is expected to reach USD 1.93 Billion by 2026, according to a new report by Reports and Data. This is mainly contributed by the increase in the use of fructo-oligosaccharides (FOS) in bakery and dairy products. Moreover, the demand for fructo-oligosaccharides (FOS) in the pharmaceutical industry for the prevention of chronic and gastrointestinal diseases, coupled with the increase in the number of people suffering from rickets and diabetes, will propel the growth of the market.
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The demand for fructo-oligosaccharides (FOS) in the pharmaceutical industry for the prevention of gastrointestinal (GI) disorder, for relieving patients from diarrhea, vomiting, and abdominal pain, will also drive the growth of the market. Moreover, the changing lifestyles in the emerging economies, due to rapid urbanization and increasing disposable income will also have a positive impact on the market. Some of the notable trends that are affecting the market growth are the increasing interest towards higher fiber consumption, growing obesity concern, coupled with the growing trend of burning surplus calories.
Fructo-oligosaccharides (FOS) reach the colon intact and unaltered. Moreover, they can be used as a supplement to almost every type of food, or drink, without compromising their effectiveness.
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Further key findings from the report suggest
- The market is segmented on the basis of source into sucrose and inulin.
- Inulin ingredient is forecasted to witness the highest growth rate of 11.2% during the forecast period. Inulin is a natural ingredient, used in drinks, baked goods, and other functional food production. This ingredient also grants numerous benefits to diabetic patients and people often suffering from digestive issues.
- The market is segmented on the basis of the formulation into tablets, capsules, softgels, powder, liquid, and others.
- The powdered form accounts for the largest market share of ~30% in the year 2018. The most common source of FOS-powder is chicory root. They are commonly used as a coffee alternative.
- The market is segmented on the basis of applications into food & beverages, dietary supplements, infant formula, and healthcare & pharmaceuticals.
- Infant formula accounts for the largest market share of ~33% in the year 2018 since FOS-based products are used for the prevention of infection, memory enhancement, brain development, prebiotic effects, and improvement of gut health in the infants.
- High infant mortality rate and increasing expenditure on the products for infants who cannot be breastfed will also have a positive impact on market growth.
- The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America, and MEA.
- The European market accounts for the largest market share of ~33% in the year 2018, owing to the growing importance of healthcare and food & beverage industry.
- Moreover, urbanization, changing spending power and growing awareness regarding the benefits of supplements are expected to propel the growth of the market in Europe.
- Key participants include Beghin Meiji, Victory Biology Engineering Co. Ltd, Cargill Inc., Beneo-Orafti SA, Ingredion Incorporated, Cosucra-Groupe Warcoing SA, GTC Nutrition, Prebiotin, Jarrow Formulas CJ CheilJedang, Quantum Hi-Tech, and Shadong Bailong Chuangyuan, among others.
- The companies have adopted various strategies including mergers, acquisitions, and partnerships to hold ongoing trials and come up with new developments in the market.
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For the purpose of this report, Reports and Data have segmented global Fructo-oligosaccharides (FOS) Market on the basis of source, formulation, application, and region:
Source Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
- Sucrose
- Inulin
Formulation Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Tablets
- Capsules
- Powder
- Softgels
- Others
Applications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Food & beverages
- Infant formula
- Dietary supplements
- Healthcare & Pharmaceuticals
- Animal Feedstock
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
- North America
- U.S.
- Europe
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
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