The global fructooligosaccharides (FOS) market is expected to reach USD 3.52 billion by 2024, according to a new report by Grand View Research, Inc. Increasing consumption of functional food in North America and Europe is expected to drive the market over the next eight years.
Rising use of 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 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 need over 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 cost. This is expected to increase market penetration of the product over the forecast period.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/fructooligosaccharides-market
Further key findings from the report suggest:
·
Inulin was the second largest source used for
the manufacturing of fructooligosaccharides accounting for over 40% 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.
·
The global fructooligosaccharides demand in
infant formula was 64.0 kilo tons in 2015. Technological advancements in
product manufacturing for use in infant formulations has 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-growingregion at a CAGRof14.0% from 2016 to 2024 in terms of revenue.
Rising population, high mortality rate, increasing disposable income, and
rising consumer awareness regarding health benefits of the product is expected
product demand in 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 May 2015, BENEO group introduced Orafti
Synergy1, which helps improve appetite regulation and decreases food
intake in overweight and obese children. In October 2015, Cargill announced the
closure of its plant in Lititz, Penn. It aims to shift production to Canada by
the end of 2016 to improve and expand its chocolate offerings and services for
food & beverage companies.
Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/fructooligosaccharides-market/request
Grand View Research has segmented the global FOS market on the basis of source, application and region:
FOS Source Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)
·
Inulin
·
Sucrose
FOS Application Outlook (Volume, Kilo Tons, Revenue, USD Million,
2013 - 2024)
·
Food & beverages
·
Infant formulations
·
Dietary supplements
·
Animal feed
·
Pharmaceuticals
FOS Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013
- 2024)
·
North America
·
U.S.
·
Europe
·
Germany
·
Asia Pacific
·
China
·
India
·
Japan
·
Latin America
·
Brazil
·
MEA
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
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