Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Galacto-oligosaccharide (GOS) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Galacto-oligosaccharide (GOS), currently valued at US$609.5 Million, is on an ascendant path set to forge a revised market size of US$1.1 Billion by 2030. Expansion at this pace reflects a robust Compound Annual Growth Rate (CAGR) of 7.1% over the period from 2022 to 2030. Analysis within the sector demonstrates that the Food & Beverage segment showcases an even more dynamic trend, with projections estimating a 7.9% CAGR, aspiring to reach a noteworthy US$830.9 Million by the close of the analysis period.
United States and China Spearhead Market Progress in Galacto-oligosaccharide (GOS) Industry
Notably, the U.S. market holds a commanding value of US$166.1 Million as of 2022 and is a significant contributor to the overall GOS industry growth. However, it is China’s market that is forecasted to surge ahead with an exceptional 12.4% CAGR, predicting a market size of US$260.8 Million by the year 2030. This remarkable growth in China serves as a testament to the country's economic vitality and escalating demand within the sector. Furthermore, Japan and Canada exhibit steady gains, with estimated growth rates of 3.2% and 5.5% respectively through 2030. Europe continues its upward trend with Germany potentially advancing at a 4.5% CAGR.
- Analysis of Market Dynamics and Competitive Landscape
- Identification of High-Growth Sectors and Key Market Players
- Impact Assessment of Global Events on Market Performance
- Geographical Market Presence and Sector-Specific Growth Forecasts
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 94 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $609.5 Million |
| Forecasted Market Value (USD) by 2030 | $1100 Million |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Campina N.V
- Clasado BioSciences
- Diary Crest
- First Milk Ltd.
- Friesland Campina
- Ingredion
- Kerry Group
- King Prebiotic
- Kowa Europe GmbH
- Nissin Sugar Co., Ltd.
- Quantum High-tech
- Royal FrieslandCampina
- Samyang
- Snow Brand Milk Products Co Ltd
- Yakult Honsha
For more information about this report visit https://www.researchandmarkets.com/r/60stkg
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