Fructooligosaccharides Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025
The worldwide market for Fructooligosaccharides (FOS) is ascending on the back of expanding food and beverages industry. FOS is generally used as an alternative sweetener in food and drinks industry. It is likewise viewed as less harmful when added to different items when contrasted with its conventional partners. Due to its superior quality and cost-effectiveness, it is projected to replace numerous sweeteners such as aspartame, xylitol, and sucralose among others in the food and beverages industry. Besides, increasing awareness in regards to medical advantages related with the use of fructooligosaccharides in human and animal’ food, for example, it advances calcium ingestion in the gut, fills in as a substrate for microflora in the large intestine and act as a supplement for treating yeast infections will drive market development for FOS. The Fructooligosaccharides Market, which was esteemed at US$ 1149.1 million in 2016, is relied upon to achieve an estimation of US$ 3641.0 million by 2025, developing at a CAGR of 13.9% amid the forecast time frame 2017-2025.
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Inulin was the second largest source used for the manufacturing of fructooligosaccharides accounting for over 40% of the global market volume. The product is being increasingly used in functional food & beverages which are expected to drive market growth. Increase in demand for FOS in newborn child’s formulation and dietary nourishment products especially in Europe by virtue of different medical advantages, for example, its use as an appetizer and improvement of mineral absorption is relied upon to be the essential factor for the increased demand. The worldwide fructooligosaccharides demand in the baby formula was 64.0 kilotons in 2015. Innovative progressions in product manufacturing for use in infant formulations has been expanding in the course of recent years. At present, fermentation is the noteworthy innovation being used by various players because of its cost-viability.
New and innovative product formulation with greater efficacy is helping manufacturers to gain the consumers loyalty and in turn driving the demand for FOS. Innovative solutions based on different products category with proven benefits are expected to create true loyal customers. Increasing applications scope and the introduction of new products such as low-fat reduction creams, bakery products, and chocolates is projected to fuel the market demand for FOS over the coming years. However, the market growth is hindered due to its specific side effects when consumed in large quantities.
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Increasing consumption of functional food in North America and Europe is expected to drive the market over the next eight years. Asia Pacific is expected to be the fastest-growing region at a CAGR of XX% from 2017 to 2025 in terms of revenue. Rising population, high mortality rate, increasing disposable income, and rising consumer awareness regarding health benefits of the product is expected to surge demand in the region. Increasing concern regarding chronic diseases led to high demand for functional food & beverages which are expected to ultimately augment FOS need over the next eight years.
The report provides both, qualitative and quantitative research of the market, as well as encompasses worthy insights into the rational scenario and favored improvement methods adopted by key contenders. Some of the primary players of Global Fructooligosaccharides Market are Beneo-Orafti, GTC Nutrition, Beghin-Meiji, Cosucra, and Meiji Seika Kaisha Ltd among others
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