February 12, 2019 by Steve Blade
A recent market study published by Fact.MR states that the galacto oligosaccharide market is likely to grow at a booming 9.3% value CAGR during the forecast period 2018-2028. The study predicts that galacto oligosaccharide revenues will double over the next decade, despite challenges posed by stringent regulations on the use of prebiotics as a functional ingredient and other labeling regulations. The Fact.MR study offers analysis on wide-ranging macro and microeconomic factors influencing the galacto oligosaccharide market.
Growing demand for label-friendly and natural dietary fibers, such as galacto oligosaccharides, continues to create numerous opportunities for stakeholders despite the ambiguity of using prebiotic ingredients in food products. Galacto oligosaccharides exhibit nearly similar composition to human milk, which in turn is propelling its adoption in infant formula. As galacto oligosaccharide can offer benefits of both fibers and prebiotics, it is likely to gain popularity among consumers.
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FDA Approval Likely to Provide the Much-needed Fillip to Galacto Oligosaccharide Demand
The broader trends impacting the dietary fibers industry have a profound impact on the prospects of galacto oligosaccharide industry. The recent FDA approval on eight dietary fibers, including galacto oligosaccharide is likely to create a scramble for launching new products.. With this approval, key manufacturers are broadening the horizon of galacto oligosaccharide that could help them seize premium opportunities. Key dairy cooperative companies are using galacto oligosaccharide in beverages owing to its stability, as addition of fibers in beverages still remains a challenge due to their insolubility or grittiness.
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Broader Regulations Pertaining to Use of Prebiotic Ingredients Can Stymie Prospects of Galacto Oligosaccharide Companies
Strict regulations and legislations related to the use of prebiotic ingredient can be a key factor hampering use of galacto oligosaccharide. Any product before receiving the recognition as a prebiotic or probiotic, is consistently subjected to multiple validations and has to persistently prove its efficacy. It cannot be directly labeled as such, until and unless it is approved by the concerned agencies. Being operating in the food ingredient industry, galacto oligosaccharide is exposed to similar kind of legislations by various food regulation authorities such as FDA and food and agriculture organization. This might create hurdles for prosperity of galacto oligosaccharide, thereby impacting the galacto oligosaccharide market landscape.
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The competitive dynamics included in the report on galacto oligosaccharide market offers a deep dive into the competitive intensity of the market. The galacto oligosaccharide market is characterized by the presence of a limited number of players holding substantial shares. Some of the key players operating in the galacto oligosaccharide market, who have been profiled in the report include Yakult Pharmaceuticals Pvt Ltd, Royal Friesland Campina N.V, Nissin Sugar Co., Ltd., Ingredion Incorporated, Kerry Inc., Quantum Hi-Tech (China) Biological Co., Ltd., Dairy Crest., Baolingbao Biology Co., Ltd., Samyang Corporation, New Francisco Biotech Company.
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