North America Galacto Oligosaccharide Market to Reach US$ 363.1 Mn at CAGR of 8.9% in 2027

North America Galacto Oligosaccharide Market to 2027 - Analysis and Forecasts by Type (Liquid and Powder), Application (Food & Beverages, Dietary Supplements, and Others) and Country

Publication Month : Jul 2019

  • Report Code : TIPRE00006075
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 119
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The North America galacto oligosaccharide market is accounted to US$ 170.0 Mn in 2018 and is expected to grow at a CAGR of 8.9% during the forecast period 2019 – 2027, to account to US$ 363.1 Mn by 2027.

The United States accounted for the largest market share in the North America galacto oligosaccharide market. The rising prevalence of chronic diseases due to changing diet patterns, irregular meal timings, the growing obese population in the US, has led to an increased demand for galacto-oligosaccharide products in the US.

North America Galacto Oligosaccharide Market, Revenue and Forecast, 2018

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Market Insights

Increasing health concerns and consumer shift towards healthy foods

A healthy diet helps protect against various diseases like diabetes, heart disease, and cancer. The growing geriatric population and increasing health concerns among consumers boost the demand for galacto-oligosaccharides in developed and developing countries.

Increasing demand from infant formula producers provides opportunity for the galacto oligosaccharide market growth

Galacto-oligosaccharides is added to infant formula to make it like mother’s milk and to promote growth & development of beneficial intestinal microbiota that boosts the demand for galacto-oligosaccharides during the projected period. Galacto-oligosaccharides are considered as key ingredients in infant formulas. It benefits the bowel function in the baby by enhancing the growth & activity of the beneficial bacteria in the colon and increases defecation frequency, which helps prevent constipation in children and infants.

Type Insights

The North America galacto oligosaccharide market by type has been segmented into liquid and powder. The demand for liquid galacto-oligosaccharide is comparatively higher than powdered galacto-oligosaccharide. The growing health consciousness among consumers and increasing knowledge about the use of galacto-oligosaccharides for the effective functioning of the human body leads to a surge in the market demand. Several product developments incorporate the use of GOS such as spoonable yogurt, drinking yogurt, and liquid cultured milk.

Application Insights

On the basis of application, the North America galacto oligosaccharide market has been segmented into food & beverages, dietary supplements, and others. Under application segment, beverages is the leading segment in the North America galacto oligosaccharide market. Galacto-oligosaccharide finds its application in several industries such as food and beverage, cosmetics, pharmaceuticals, and healthcare. Due to their relative stability and low-calorie sweetness, they are highly used in the production of several foods such as bread, cakes, butter, cheese, curd, yogurt, and many more.

Mexico Galacto Oligosaccharide Market by Application

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North America Galacto Oligosaccharide Market: Strategic Insights

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Corporate communication, project finance, strategy and business planning and new product development were observed as the most adopted strategies in North America galacto oligosaccharide market. Few of the recent developments in the North America galacto oligosaccharide market are listed below:

2018:

NEOCREMAR Co, Ltd., appointed AIDP as the exclusive distributor for its series of oligosaccharides with an aim to collaborate and develop the US and Canadian markets

2018:

Vitalus Nutrition, Inc. introduced its new galacto-oligosaccharide product offering, VITAGOS. It became the first Canadian company to manufacture galacto-oligosaccharides.

2017:

Royal FrieslandCampina N.V. expanded its product offering with their new product Vivinal GOS Syrup Organic. It was officially launched at Vitafoods Europe exhibition in Geneva, Switzerland.

NORTH AMERICA GALACTO OLIGOSACCHARIDE MARKET SEGMENTATION


By Type

  • Liquid
  • Powder

By Application

  • Food & Beverages
  • Dietary Supplements
  • Others

By Country

  • U.S.
  • Canada
  • Mexico

Company Profiles

  • AIDP, Inc.
  • Baolingbao Biology Co., Ltd
  • Clasado Biosciences
  • Fonterra Co-operative Group
  • Ingredion Incorporated
  • Kerry Group
  • Olygose
  • Royal FrieslandCampina N.V.
  • Vitalus Nutrition, Inc
  • Yakult Honsha Co. Ltd
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

  1. AIDP, Inc.
  2. Baolingbao Biology Co., Ltd
  3. Clasado Biosciences
  4. Fonterra Co-operative Group
  5. Ingredion Incorporated
  6. Kerry Group
  7. Olygose
  8. Royal FrieslandCampina N.V.
  9. Vitalus Nutrition, Inc
  10. Yakult Honsha Co. Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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