Fructooligosaccharides Market 2022 with Impact of COVID-19 Outbreak, SWOT Study, Steady Growth and Forecast 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Fructooligosaccharides Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Fructooligosaccharides Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fructooligosaccharides Market products.

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REPORT HIGHLIGHT

The fructooligosaccharides market was valued at USD 1.47 billion by 2017, growing with 13.4% CAGR during the forecast period, 2018-2025

Market Dynamics

Fructooligosaccharides contain short fructose chain. They are a type of carbohydrate called oligosaccharides. It is predictable that a surge in the consumption of functional foods in Europe and North America will catalyze the development in the worldwide market for fructooligosaccharides (FOS) in the following decade. There is sustained increase in the use of Fructooligosaccharides blends. They are an active ingredient in probiotic extracts. Besides, they are used as a symbiotic in products such as chocolates, bakery, drinking yogurts, and fat-reducing creams. Such a wide spread demand is projected to have a progressive effect on the market during the course of succeeding seven years. In addition, the rising demand for nutritional products in the Asia Pacific is likely to increase the industry’s progression throughout the forecast period.

It is projected that the growing customer cognizance concerning the risk of prolonged ailments such as diabetes and rickets will upsurge the necessity for the product throughout the forecasted period. The induction of innovative manufacturing procedures by means of extremely proficient decontamination systems, new substrates, recombinant enzymes, and enzymatic engineering are being utilized for cost reduction. This is likely to about a proliferation in the market penetration of the product in the course of the anticipated period.

Source Takeaway

The global Fructooligosaccharides market is segmented into Sucrose and inulin. Because of easy availability of raw material of sucrose in the market, it has captured over 55% of total market share in 2017. Easy availability of raw material leads to low manufacturing cost of sucrose and this is the major driving factor of sucrose. Sucrose has grabbed maximum share in the market because of its demand in food and beverage industry. Sucrose is considered as good alternative of sugar and this aspect is anticipated to drive the market in near future.

Application Takeaway

By application the market is segmented into food & beverage, dietary supplements, infant formula, pharmaceuticals, and animal feed. Surge in diary supplements is considered as the primary facet for the growth of this market. The product has wide usage in functional beverages and foods that are projected to catalyze growth in the international market. It is probable that the rising demand for FOS in baby foods and nutritional food products, predominantly in Europe owing to numerous health benefits, such as its effectiveness as a taste enhancer and better-quality mineral absorption, is the foremost aspect for the intensification in demand.

Technological improvements in product engineering in the preparation of baby food has been growing over the preceding few years. Currently, fermentation is the foremost technology being utilized by a plethora of manufacturers due to its cost-effectiveness.

Regional Takeaway

Europe captured the largest volume share of 40% in 2017 and is anticipated to continue this surge till 2025. Growing demand for FOS in infant formulation and nutritional food products is the primary factor for rising demand. The Asia Pacific has the second largest market for fructooligosaccharides. The galloping growth of general populace, lowering of mortality rate, the rise in disposable income and improved awareness of customers concerning the health benefit of the product will push the demand in the Asia Pacific region. The increasing apprehension about prolonged illnesses commanded a higher demand for functional beverages and foods that are estimated to eventually escalate the necessity for FOS over the next eight years.

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Key Vendor Takeaway

Nutriagaves de Mexico, GTC Nutrition, Cargill, Incorporated, Sensus, FrieslandCampina Domo, Baolingbao Biology, Co. , Jarrow Formulas, Inc, Cheil Foods & Chemicals, Roquette Frères, Meiji Holdings Co, Cosucra Groupe Warcoing, BENEO-Orafti SA are some of the key vendors of this market.

Presence of a large number of manufacturers has led to high competition in the market. The companies have participated in the research to develop technologies for the large-scale production of FOS. The high cost is a major problem faced by market players and is expected to challenge the growth of the industry during the forecast period.

Orafti Synergy1 of BENQ group, assist in controlling appetite and brings about a reduction in food intake in obese and overweight children. Cargill announced the closure of its plant in Lititz, Penn. Its objective is to move production to Canada to improve and expand its chocolate offerings and services for food and beverage companies.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies

Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY SOURCE

Sucrose

Inulin

MARKET, BY APPLICATION

Dietary Supplements

Food & Beverages

Infant Formula

Animal Feed

Pharmaceuticals

MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America

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