Fructooligosaccharides Market Upcoming Demands and Growth Analysis by 2024

Increasing consumption of functional food in North America and Europe is expected to drive the market over the next eight years. 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.

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.

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.

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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.

Top Players of Fructooligosaccharides Market:

One of the key players in the market is Meiji Seika Kaisha Ltd. that is largely engaged in product manufacturing under the brand Meioligo.

Market Segmentation of Fructooligosaccharides Market:

The Global FOS Market Segmented on the basis of Source, Application and Region.

By Source:

    Inulin
    Sucrose

By Application:

    Food & beverages
    Infant formulations
    Dietary supplements
    Animal feed
    Pharmaceuticals

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