Fructooligosaccharides (FOS) Market Size, Share & Trends Report

Fructooligosaccharides (FOS) Market Size, Share & Trends Analysis Report By Source (Sucrose, Chicory), By Form (Liquid, Powder), By Application (Infant Formulation, Food & Beverages), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-957-9
  • Number of Pages: 110
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the fructooligosaccharides market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for fructooligosaccharides market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of fructooligosaccharides market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Fructooligosaccharides Market Categorization:

The fructooligosaccharides market was categorized into four segments, namely source (Sucrose, Chicory), form (Liquid, Powder), application (Infant Formulation, Food & Beverages, Dietary Supplements, Pet/Animal Feed), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The fructooligosaccharides market was segmented into source, form, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The fructooligosaccharides market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seventeen countries, namely, the U.S.; Canada; Germany; U.K.; Italy; France; Spain; China; India; Japan; South Korea; Brazil; Argentina; Chile; Mexico; Saudi Arabia; South Africa

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Fructooligosaccharides market companies & financials:

The fructooligosaccharides market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • BENEO-Orafti SA is a business unit of BENEO-Group. The company is engaged in the development, production, and marketing of Orafti inulin and oligofructose. BENEO Group’s businesses are segmented into sugar, special products, crop energies, and fruit. Inulin and oligofructose are included in special product segments. In addition, the company also offers functional ingredients for foods such as alternative carbohydrates, rice derivates, and wheat gluten. BENEO inulin provides texture-enhancing benefits, while BENEO oligofructose is used as a natural sweetener. Other such inulin varieties provided are Orafti Synergy1, which are highly soluble and are natural sweeteners. The company has local offices in Belgium, Brazil, Germany, India, Singapore, Spain, and the U.S., and production sites in Germany, Belgium, Italy, Chile, and the Netherlands.

  • Biosynth specializes in providing life science products and manufacturing services. The company focuses on securing supply chains for the life sciences industry and offers a wide range of research products as well as contract manufacturing services. Biosynth offers over one million research products including carbohydrates, nucleosides, and peptides. It provides contract manufacturing services for various life science products. Biosynth has developed the latest generation disinfectant with a wide range of applications in aquaculture pond protection. The company has offices and operations in multiple locations including the U.S., Switzerland, Slovakia, and more.

  • Cargill Incorporated operates through nine business segments including animal nutrition & feed, commodity trading & processing, industrial & bio-industrial products, energy & fuels, farmer services, financial & risk management, food & beverage ingredients, health & personal care, and salts. Cargill has a presence in Asia Pacific, Central America & Caribbean, North America, Europe, and Africa. It manufactures Fructooligosaccharides under the animal nutrition & protein as well as food & beverage ingredients segments. In addition, the company has inulin prebiotic products in its health-promoting ingredients segment.

  • In January 2017, Galam was acquired by FIMI, an Israel-based private equity firm. Galam is a producer and supplier of high-quality, specialty ingredients for both food and non-food industries. In 2004, the company established a joint venture in Germany, Eurosweet, which is engaged in providing raw materials and quality products categorized into light sugar, dark sugar, and special products to food & beverage companies. The company operates through three business segments, which are food & beverage, industry, and feed. The company provides fructose, stevia, liquid sugars, and glucose syrup as sweetening solutions. The company’s production plants, blending facilities, and application laboratories are in Israel, Germany, and Spain with a distribution network across 40 countries.

  • Ingredion is a global ingredient solutions company, which is engaged in the production of starches and sweeteners. Country-wise the revenue is segmented into the U.S., Mexico, Brazil, Canada, and Korea. The company caters its products to various industries including food, beverage, brewing, and animal feed. Product lines of the company are starches and sweeteners, animal feed products, and edible corn oil. The company has various manufacturing plants worldwide, including 22 plants in North America, 9 plants in South America, 8 plants in Asia Pacific, and 5 in EMEA. High fructose syrups are produced in South America and Asia Pacific.

  • Meiji Holdings Co., Ltd. is primarily engaged in the food business under Meiji Co., Ltd., which includes dairy items, functional foods, confectioneries, baby formulas, and nutritional products. The other company group is Meiji Seika Pharma, a specialty pharmaceutical firm that provides antibiotics, antidepressants, veterinary drugs, and agrochemicals. Meiji Seika Pharma produces fructooligosaccharides under the brand name Meioligo. Beghin Meiji is a joint venture of Meiji Co. Ltd. and Tereos group in France that manufactures short-chain fructooligosaccharides. The company has also partnered with GTC Nutrition to manufacture FOS products.

  • Tata Chemicals Ltd. is a part of the renowned Tata Group, a conglomerate with a diverse portfolio of businesses. With a rich history and strong commitment to sustainability, the company has evolved into an innovation-led, sustainable chemistry company with a global presence. The company's product portfolio is divided into two major segments: Basic chemistry products and specialty chemistry products. Basic chemistry products include soda ash, sodium bicarbonate, and salt, while specialty chemistry products comprise fertilizers, agrochemicals, nutraceuticals, performance additives, and water treatment solutions. Tata Chemicals has a global footprint, with operations in Asia, North America, Europe, and Africa. The company has made strategic acquisitions to expand its presence and capabilities.

  • Tereos Group is a leading sugar and ethanol manufacturer with operations globally. The company has a diverse product portfolio that includes sugar, ethanol, and starches & derivatives. Tereos Group is committed to sustainability, innovation, and responsible business practices. The company operates starch manufacturing facilities in Europe, Asia, and Brazil, generating a significant portion of its revenue from this segment. The company produces a wide range of starch products & derivatives and caters to various industries.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Fructooligosaccharides Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Fructooligosaccharides Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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