The market size of the Global Fructooligosaccharide Market in the year 2021 is valued at 2.47 billion and is predicted to reach 6.47 billion by the year 2030 at an 11.55% CAGR during the forecast period.
Fructooligosaccharide is found in various foods, primarily as a prebiotic or fiber supplement and sweetener. FOS occurs naturally and can be derived from onions, bananas, asparagus, leeks, and the blue agave plant, among others. FOS can also be found in cereals and grains such as barley and wheat. The substance is rapidly employed in foods and beverages, dietary supplements, animal feed, and medications. Demand for fructooligosaccharides (FOS) is predicted to rise substantially over the forecast period as consumers get more product knowledge and a better grasp of its functionalities.
Changing lifestyles and increased health concerns will likely drive market expansion. High prebiotic demand and increased government support are expected to boost growth. Furthermore, severe restrictions and legislation governing the number of fructooligosaccharides in food and baby formulae, combined with rising prices, are projected to limit market expansion. With key players' increasing adoption of strategies, the global fructooligosaccharide (fos) market growth is expected to develop significantly over the forecast period. The actions done by industry participants are assisting the sector's growth. Among the noteworthy initiatives is the emphasis on R&D activity.
The market is segmented into source, form and application. Based on the source, the Fructooligosaccharides market is segmented into sucrose and inulin. Based on form, the market is segmented as solid and liquid. Based on application, the Fructooligosaccharides market is segmented into infant formulations, food & beverages, animal feed, dietary supplements, and pharmaceuticals.
Based on Application, The Dietary Supplement Segment Is Accounted As A Major Contributor To The Fructooligosaccharides
The dietary segment is anticipated to lead the market during the forecast period. Consumer preferences, greater health awareness, an aging population, and adopting a balanced diet propel the dietary supplement market. The convergence of significant business trends has provided new opportunities for key industry players. Changing lifestyles and food habits are important factors driving the demand for dietary supplements, and these conditions will lead to an increase in the production of short-chain.
The Liquid Segment Witnessed Growth at a Rapid Rate
The liquid category grabbed the highest share, and it is expected to hold that position during the anticipated time. Liquid FOS is commonly utilized as a natural soluble dietary fiber and a sweetener substitute. Furthermore, they are becoming more popular as prebiotics and are being added to various processed meals, creating new potential for manufacturers. It is also utilized as a bulking agent or "added fiber" in nutritional bars and beverages, infant foods, bakery & confectionery, dairy, ready-to-eat meals, and other commercial goods, which drives market demand even higher.
The North American Fructooligosaccharides Hold A Significant Revenue Share In The Region
The North American Fructooligosaccharides market is expected to register the highest market share in revenue soon. Dairy goods, particularly beverages, dominate the United States. Concerns about aging, heart health, weight management, gut health, and immunological function are projected to drive product demand in the United States over the next eight years. In addition, Asia Pacific is projected to grow rapidly in the global Fructooligosaccharides market. A high newborn mortality rate and increased R&D expenditure by several firms for the invention of a nutritional formula for infants who cannot be breastfed have resulted in increased demand for the product. This trend is expected to continue over the projected period due to increased demand for nutritional products, particularly in Asia.
Some major key players in the Fructooligosaccharides are CJ Cheiljedang Corp., Beneo, Ingredion, Cosucra, Quantum Hi-Tech Merchandising Pvt. Ltd., Meiji Food Materia Co., Ltd., Tata Sons Private Limited, Sensus, a Xylem brand, Cargill, Incorporated, and Jarrow Formulas, Inc.