Galacto-Oligosaccharide (GOS) Market Set to Grow USD 1615.3 Million by 2026
According to the report, The global galacto-oligosaccharide (GOS) market in 2019 was approximately USD 828.2 Million. The market is expected to grow above a CAGR of 10.1% and is anticipated to reach over USD 1615.3 Million by 2026.
Galacto-oligosaccharides are oligosaccharides comprising of plant sugars linked in chains. GOS can be found naturally in beans, dairy products and few root vegetables. They belong to the group of prebiotics. They are highly stable across different temperature ranges. They also have low calorific value suitable for diabetic patients. The consumers use galacto-oligosaccharides as prebiotics which act as food for essential bacteria in the intestine.
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The galacto-oligosaccharide (GOS) market research report delivers an acute valuation and taxonomy of the galacto-oligosaccharide (GOS) industry by practically splitting the market based on application and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the galacto-oligosaccharide (GOS) industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the galacto-oligosaccharide (GOS) industry is provided for the leading economies of the world.
The galacto-oligosaccharide (GOS) market is segmented based on product, function, application and region. On the basis of product, the market is segmented into liquid and powder. In terms of function, the market is segmented into prebiotics and sweetner. On the basis of application, the market is classified into prebiotic food and beverages, prebiotic dietary supplements, animal feed, pharmaceuticals and others.
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Some of the essential players operating in the galacto-oligosaccharide (GOS) market, but not restricted to include Royal Friesland Campina N.V, Yakult Pharmaceuticals Pvt Ltd, Baolingbao Biology Co., Nissin Sugar Co., Ltd., Kerry Inc., Quantum Hi-Tech (China) Biological Co., Ltd., Ingredion Incorporated, Dairy Crest., New Francisco Biotech Company, Ltd. and Samyang Corporation.
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