The size of the Latin America Galacto-oligosaccharide Market is expected to be worth USD 148.67 million in 2024 and grow at a CAGR of 9.54% from 2024 to 2029 to achieve USD 234.51 million by 2029.
Galacto-oligosaccharide is widely used as a probiotic supplement in infant formula. Its properties are similar to that of human milk, thereby making it a perfect substitute for natural milk. Furthermore, galacto-oligosaccharide is used as a low-calorie sweetener and nourishment fixing in items, for example, soda pops, yogurts, powdered milk and clabbered milk. It is a probiotic non-digestible ingredient known to have beneficial effects and improve one’s health by selectively stimulating the growth and activity of a limited number of bacteria in the colon.
Various factors are expected to drive the galacto-oligosaccharide market growth, including innovation and new product developments in RTD coffees, yogurt, nectars, and sugar confectionery. Growing consumer awareness regarding the various types of nutraceutical food is another factor that is anticipated to drive the overall market growth in the coming years. A major factor that is expected to restrain the market growth of the galacto-oligosaccharide market during the forecast period is the rising demand for Isomalto-oligosaccharide, which is the type of oligosaccharide that resists digestion.
This research report on the Latin America Galacto-oligosaccharide Market is segmented and sub-segmented into the following categories.
Latin America Galacto-oligosaccharide Market - By Application:
Food and Beverages are expected to be the dominating segment, followed by the infant formula segment. Dairy products such as Ice-cream, of which the dairy product sub-segment is anticipated to be the leading segment, followed by other sub-segments due to an extensive use of the galacto-oligosaccharide in the infant formula as an ingredient. Be that as it may, the dietary supplements segment is anticipated to witness a high growth rate during the forecast period due to an increase in consumer awareness regarding nutritional food, which in turn will boost the demand for nutraceuticals.
Latin America Galacto-oligosaccharide Market - By Basis of Source:
Dairy products such as ice cream, of which the dairy product sub-segment is anticipated to be the leading segment, followed by other sub-segments due to extensive use of the galacto-oligosaccharide in the infant formula as an ingredient. Be that as it may, the dietary supplements segment is anticipated to witness a high growth rate during the forecast period due to an increase in consumer awareness regarding nutritional food, which in turn will boost the demand for nutraceuticals.
Latin America Galacto-oligosaccharide Market - By Region:
There is rising demand for cereals, functional food and beverages, infant formula, and confectionary products in various countries.
KEY MARKET PLAYERS:
Major Key Players in the Latin America Galacto-oligosaccharide Market are Yakult Pharmaceutical Industry Co Ltd, Taiwan Fructose Co Ltd, New Francisco Biotechnology, Nissin Sugar Manufacturing Co Ltd, Samyang Genex Co, QindaoFtz United International Inc, Abo Switzerland Co Ltd, Wuxi Cima Science Co Ltd, and Royal Fries land Campina and Terio Co
Frequently Asked Questions
Factors such as increasing awareness about gut health, rising demand for functional foods, and growing research on the benefits of GOS in infant nutrition are driving market growth in Latin America.
Challenges include regulatory issues related to health claims, competition from other prebiotics, and the need for more extensive research to validate health benefits.
The market is expected to grow due to increasing consumer demand for functional foods, rising investments in research and development, and expanding applications in various industries.
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