According to the research report titled ‘Global Galacto-oligosaccharides Market Size study, by Application (Food & Beverages, Dietary Supplements) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global galacto-oligosaccharides market was valued approximately at USD 997 million in 2020 and is projected to reach 1,893 million, registering a y-o-y growth rate of more than 9.6% throughout the forecast timeframe 2021-2027.
 

As per the findings of the report, technological advancements and rising customer demand for infant food items are majorly propelling the global galacto-oligosaccharides market. Moreover, the worldwide market for baby nutrition is predicted to grow from USD 67.3 billion in 2019 to USD 96.3 billion in 2027.
 

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Rising disposable income and private-sector investments are expected to further boost market growth in the forthcoming years. For the uninitiated, galacto-oligosaccharides are type of prebiotics that are non-digestible food components. They help the host by promoting the growth and activity of good bacteria in the colon.
 

However, despite the positive outlook, strict restrictions governing the usage of prebiotic compounds might hamper the industry expansion over the analysis period. 
 

Based on application, the industry is segmented into food & beverages, and dietary supplements. From a regional perspective, galacto-oligosaccharides market size spans across North America (U.S., Canada), Europe (UK, Germany, Spain, France, Italy, ROE), Asia Pacific (Japan, China, South Korea, India, Australia, RoAPAC), and Latin America (Mexico and Brazil).
 

Among the above-mentioned regions, Europe holds the majority market share owing to rapidly expanding demand for baby food. Meanwhile, Asia Pacific will develop at a steady growth rate between 2021 and 2027, attributable to booming food and beverage industry.
 

With respect to competitive landscape, Ingredion Inc., Samyang Corp., Clasado Ltd., Taiwan Fructose Co. Ltd., Kerry Group plc, Nissin Sugar Co. Ltd., Yakult Pharmaceutical Industry Co. Ltd., Royal FrieslandCampina NV, and New Francisco Biotechnology Co. Ltd. are among the major firms impacting the global galacto-oligosaccharides market trends.