Market Insights
Fructooligosaccharides (FOS) are a prebiotic ingredient that has been used as a sweetener over the last few years, mainly in the food and beverage industry. The product is projected to replace various sweeteners from the food and beverage industry, such as xylitol, aspartame, and sucralose, on account of its cost-effectiveness and superior properties. Furthermore, the FOS is considered to be less harmful when added to numerous products as compared to its other counterparts. With increasing consumer demand for low-calorie or fat-free food and its associated health benefits, FOS is projected to have a positive impact on the market.
The increasing application scope of FOS in various other industries, such as gums, dairy, soups, and processed meat, is projected to boost market demand over the forecast period. Other applications for FOS include animal feed and pet food. Growth in the pet food and animal feed industries in emerging economies is projected to augment demand over the next six years. Increasing consumption of functional foods, mainly in North America and Europe, is projected to increase FOS demand over the forecast period. Moreover, it is also used in the manufacturing of dietary supplements as it helps improve digestion when consumed in appropriate quantities. Investments in R&D to introduce new applications with cost-effective manufacturing routes for FOS are projected to create new market opportunities over the next six years.
The report titled “Global Fructooligosaccharides (FOS) Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2022” offers strategic insights into the global fructooligosaccharides (FOS) market, along with the market size and estimates for the duration of 2014–2022. The said research study covers an in-depth analysis of multiple market segments based on applications and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2014 and 2022. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading fructooligosaccharides (FOS) manufacturers, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, and key developments. The major players profiled in the report are Meiji Seika Kaisha Ltd., Jarrow Formulas, Cheil Foods and Chemicals Inc., Beneo-Orafti, Victory Biology Engineering Co., Ltd., Quantum Hi-Tech, Beghin-Meiji, Cosucra,
Bailong Chuangyuan and CJ CheilJedang Further, the report also covers the market positioning of the key players operating in the fructooligosaccharides (FOS) market.
Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the fructooligosaccharides (FOS) industry
- Market fuelers, market impediments, and their impact on market growth
- in-depth competitive environment analysis
- SRC (Segment, Region, Country) Analysis
Overall, the research study provides a holistic view of the global fructooligosaccharides (FOS) market, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above-mentioned factors.
The global fructooligosaccharides (FOS) market can be categorized on the basis of applications as follows:
- Food & Beverage
- Dietary Supplements
- Animal Feed
- Pet Food
In 2014, the food and beverage application segment dominated the fructooligosaccharides market and accounted for more than 75% of the global market in terms of revenue. Rising health awareness and increasing demand for sugar- and fat-free dairy products, coupled with the growing incidence of chronic disease, are projected to propel market demand over the forecast period. Animal feed is another lucrative segment for fructooligosaccharides and is projected to grow at a CAGR of 13.1% in terms of revenue from 2015 to 2022. The market is witnessing growth owing to the growing dependence on animals as a source of protein and enhancing the overall health and metabolism of animals.
Furthermore, the use of fructooligosaccharides in animal feed to improve digestion, immune systems, and animal performance is expected to drive market growth. The emerging scope of fructooligosaccharides in niche applications such as pet food and dietary supplements is also projected to drive fructooligosaccharides market growth over the forecast period.
On the basis of geography, the global fructooligosaccharides (FOS) market is segmented into the following regions:
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Europe and Asia Pacific together accounted for more than 60% of the total market demand in 2014. Europe was the largest market and was projected to maintain its dominance over the forecast period. At the same time, Asia Pacific is projected to be the fastest-growing market. The market in Europe is projected to grow at a significant rate due to rising consumer awareness and increasing concerns about improving overall health. The growing use of fructooligosaccharides (FOS) in functional foods and dietary supplements in the region on account of properties such as increased fiber content, improved texture, and high functionality is expected to propel market demand in the region.
Asia Pacific is witnessing growth on the back of rising demand from regions such as India, China, and Japan. Moreover, increasing consumer awareness regarding the health benefits associated with FOS and the increase in instances of chronic disease in the region are projected to drive the FOS market during the forecast period. North America is another significant market for FOS and is projected to grow at a CAGR of 10.7% in terms of volume from 2015 to 2022.
