North American galacto?oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. The considerable shift towards a sedentary lifestyle, rising disposable income, and increasing health-related concerns are the key factors that are driving the growth of the market. Rising concerns regarding gut diseases, high blood pressure, diabetes, and rickets among other chronic diseases have resulted in an increased demand for functional food and beverages, which is expected to propel the regional demand for galacto?oligosaccharides. Therefore, the growing usage of dietary supplements and the rising demand for functional food in the region is again contributing towards the high share of the regional market. The demand for high nutritional food for children as well as adults is another factor driving the galacto?oligosaccharides market in North America.
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The galacto?oligosaccharides market is segmented on the basis of application into infant formula, dietary supplements, and functional food & beverage. Based on the application, the infant formula is expected to hold a major market share during the forecast period. The growing adoption of the galacto?oligosaccharides in making nutritious formula for infants is a key factor contributing to the growth of the market segment.
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Nestle S.A., Zuchem, Inc., BASF SE, DuPont de Nemours, Inc., Elicityl SA, Glycosyn LLC, Gnubiotics, Inbiose NV, Jennewein Biotechnologie GmbH, and so on are among the key players operating in the North American galacto?oligosaccharides market. The technical complexity of the production method is a major restraint for the new market entrants. The market players are actively investing in new production methods to improve efficiency and to retain their market position.
Market Segmentation
North America Galacto?oligosaccharides Market by Application
• Infant Formula
• Dietary Supplements
• Functional Food & Beverage
Regional Analysis
North America
• US
• Canada
Company Profiles
• Abbott Laboratories Inc.
• AIDP Inc.
• Baolingbao Biology Co., Ltd.
• Clasado Biosciences
• DuPont de Nemours, Inc.
• Fonterra Co-operative Group Ltd.
• Ingredion Inc.
• Kerry Group plc
• Olygose ASA
• Royal FrieslandCampina N.V.
• Vitalus Nutrition Inc.
• Yakult Honsha Co. Ltd
• ZuChem Inc.
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