Fructooligosaccharides Market To Reach $5.09 Billion By 2030

Fructooligosaccharides Market Growth & Trends

The global fructooligosaccharides market size is expected to reach USD 5.09 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.8% from 2023 to 2030. Increasing consumption of functional food in North America and Europe is expected to drive the market over the next eight years.

Rising use of fructooligosaccharides (FOS) combinations with probiotic strains including synbiotics in products such as bakery, chocolates, fat reduction creams and drinking yogurts is expected to have a positive impact on the market over the next seven years. In addition, rising demand for dietary products in the Asia Pacific is expected to propel industry growth over the forecast period.

Increasing consumer awareness regarding the occurrence of chronic diseases such as rickets and diabetes is expected to augment product needs over the projected period. The introduction of novel manufacturing techniques using highly efficient purification systems, recombinant enzymes, new substrates, and enzyme engineering are being used to reduce costs. This is expected to increase the market penetration of the product over the forecast period.

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Fructooligosaccharides Market Report Highlights

• Sucrose was the second largest source used for the manufacturing of fructooligosaccharides accounting for over 36.2% of the global market volume. The product is being increasingly used in functional food & beverages which are expected to drive market growth. Growing demand for FOS in infant formulation and nutritional food products particularly in Europe on account of various health benefits such as its use as an appetizer and improvement of mineral absorption is expected to be the primary factor for rising demand

• Technological advancements in product manufacturing for use in infant formulations have been increasing over the past few years. Presently, fermentation is the major technology being used by numerous players on account of its cost-effectiveness

• Asia Pacific is expected to be the fastest-growing region at a CAGR of 10.0% from 2023 to 2030 in terms of revenue. Rising population, high mortality rate, increasing disposable income, and rising consumer awareness regarding the health benefits of the product is expected product demand in the Asia Pacific. 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 presence of a large number of manufacturers has led to high competition in the market. Companies have been involved in research for developing technologies for large-scale production of FOS. The high cost is a major issue being faced by market players and is expected to challenge industry growth over the forecast period

• In January 2022, Galam, specialty ingredient manufacturer, invested an amount of USD 30 million to expand its Israel-based GOFOS production facility to meet the soaring demand for the product

Fructooligosaccharides Market Segmentation

Grand View Research has segmented the global fructooligosaccharides market report based on source, form, application, and region:

Fructooligosaccharides Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Sucrose

• Chicory

Fructooligosaccharides Form Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Liquid

• Powder

Fructooligosaccharides Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Infant Formulation

• Food & Beverages

• Dietary Supplements

• Pet/Animal Feed

Fructooligosaccharides Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • Italy

  • France

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

  • Chile

  • Mexico

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players of Fructooligosaccharides Market

• Beneo

• Biosynth

• Cargill, Incorporated

• Galam

• Ingredion

• Meiji Holdings Co., Ltd.

• Tata Chemicals

• Tereos Group