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The Fructooligosaccharide (FOS) Market is projected to grow by USD 2.82 billion with a CAGR of 11.96% during the forecast period 2021 to 2026.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by application (infant formula, food and beverages, animal feed, dietary supplements, and others) and geography (Europe, APAC, North America, South America, and the Middle East and Africa). The fructooligosaccharide market report also offers information on several market vendors, including Beneo GmbH, Biocare Ltd., Biosynth Ltd., BOCSCI Inc., BRENNTAG SE, Cargill Inc., Dana Dairy Group, Galam, Ingredion Inc., Jarrow Formulas Inc., Megazyme Ltd., Meiji Holdings Co. Ltd., Merck KGaA, Nutriagaves Group, Pastry ua, Quantum Hi-Tech China Biological Co. Ltd., Sensus, Tata Chemicals Ltd, and Tereos Group among others.
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The health benefits of FOS are notably driving the market's growth, although factors such as the high cost of FOS production may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the fructooligosaccharide (FOS) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key FOS Market Driver
The health benefits of FOS are one of the key factors driving the market's growth. FOS are generally short-chain fructans that are non-digestible inside the human body. The beneficial bacteria in the intestine help ferment FOS and produce short-chain fatty acids. The health of the gut is highly related to many bodily functions. Therefore, maintaining gut health is important. Fructooligosaccharides help in maintaining the balance and activity of the gastrointestinal system. They play a crucial role in keeping the balance and the diversity of intestinal bacteria and increasing the number of good bacteria, such as Lactobacillus and Bifidobacterium. Such health benefits will drive market growth during the forecast period.
Key FOS Market Trend
Rising demand from emerging economies is one of the key market trends fueling the market growth. The nutritional value of food products and their associated health benefits are major factors influencing consumers in emerging as well as developed countries. The market is in its growth stage in emerging economies such as China, Brazil, India, and Russia. FOS providers are investing in emerging markets, which is driven by the rising demand for nutritional products. Manufacturers are also focusing on enhancing their technical capabilities and production capacities to cater to this demand. This is an opportunity for manufacturers to expand their presence in potential markets through strategic partnerships and alliances. Hence, such factors are expected to drive the growth of the market during the forecast period.
Key FOS Market Challenge
The high cost of FOS production is one of the key factors challenging the market's growth. Most oligosaccharides with prebiotic content are generally obtained by the enzymatic treatment of low-cost raw materials such as lactose, sucrose, and plant derivatives. The amount and nature of oligosaccharides formed depend on the enzyme source, the reaction conditions, and the concentration of the substrates. The low yield of the current process increases production costs. Therefore, manufacturers are investing in R&D activities that can help improve the yield and are exploring more efficient production techniques. Such factors are expected to hinder the growth of the market during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global fructooligosaccharide market as a part of the global speciality chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying growth strategies such as price, quality, product innovations, expansion, and strategic alliances to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Our In-house experts produce extensive information on the value chain and parent market of the fructooligosaccharide market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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32% of the market’s growth will originate from Europe during the forecast period. Germany and the UK are the key markets for the fructooligosaccharide (FOS) in Europe. Market growth in this region will be slower than the growth of the market in APAC and North America.
The diversification and expansion of regional industries, including food and beverages, dietary supplements, animal feed, and pharmaceuticals will facilitate the market's growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 had a negative impact on the regional economy. However, from the second half of 2021, with the resumption of manufacturing of FOS products due to the initiation of vaccination drives, the sales of FOS products improved in Europe. Such factors are expected to drive the growth of the regional market during the forecast period.
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The market share growth in the infant formula segment will be significant during the forecast period. Growing concerns over the health of newborn babies, as they are at high risk of infection, are compelling parents to choose premium foods that strengthen the baby's immunity. Hence, the infant formula segment in the market is expected to witness moderate growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Fructooligosaccharide (FOS) Market Scope |
|
Report Coverage |
Details |
Page number |
130 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.96% |
Market growth 2022-2026 |
$2.82 billion |
Market structure |
Fragmented |
YoY growth (%) |
11.0 |
Regional analysis |
Europe, APAC, North America, South America, and the Middle East and Africa |
Performing market contribution |
Europe at 32% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Beneo GmbH, Biocare Ltd., Biosynth Ltd., BOCSCI Inc., BRENNTAG SE, Cargill Inc., Dana Dairy Group, Galam, Ingredion Inc., Jarrow Formulas Inc., Megazyme Ltd., Meiji Holdings Co. Ltd., Merck KGaA, Nutriagaves Group, Pastry ua, Quantum Hi-Tech China Biological Co. Ltd., Sensus, Tata Chemicals Ltd, and Tereos Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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