NEW YORK, Nov. 16, 2023 /PRNewswire/ -- The oligofructose market is expected to grow by USD 5.04 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 11.32% during the forecast period. The suitability of oligofructose in various applications is notable driving the oligofructose market. However, factors such as concerns about side effects and allergies in public after consuming oligofructose may impede market growth. The market is segmented by application (food and beverages, infant formula, dietary supplements, and others), type (oligofructose powder and oligofructose liquid), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The Free sample report is available in PDF format
Key Segment Analysis
- The market share growth in the food and beverages segment will be significant during the forecast period. In the food and beverages sector, oligofructose is increasingly becoming a major active ingredient in the global market for fructose because of its broad range of applications. The potential health advantages of this dietary fiber are believed to increase the nutrition profile of many food and drink products. Because it is capable of sweetening and reducing sugar levels, as well as its prebiotic properties, Oligofructose has been widely used in a range of products such as sweets, fruit preparations, milk desserts, yogurt, and fresh cheeses, cakes, chocolates, ice cream or sauces.
To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.
Geographical Market Analysis
- North America is estimated to contribute 33% to the growth of the global market during the forecast period. The key factors influencing the development of the region's oligofructose market include an increase in consumer awareness about the health benefits of oligofructose, a growing demand for Probiotic products, and more focus on nutritional supplements. In addition, the region's market for oligofructose is being driven by an increase in the consumption of prebiotic products per year as it is a type of prebiotic fiber. The regional market is expected to be driven by growing demand for oligofructose from food and beverage producers, resulting in the introduction of innovative products. Increased use of oligofructose in medicinal products and animal feed production is expected to increase the North American market.
Company Insights
The oligofructose market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including Baolingbao Biology Co. Ltd., Beneo GmbH, BRENNTAG SE, Cargill Inc., Celanese Corp., COSUCRA, Galam, Hermes Sweeteners Ltd., Ingredion Inc., Jarrow Formulas Inc., Koninklijke DSM NV, Meiji Holdings Co. Ltd., Nestle SA, Shandong Bailong Chuangyuan Bio-tech Co. Ltd., Tate and Lyle PLC, and Tereos Participations
View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
The Pretzel Market size is projected to increase by USD 1.59 billion and the market size is estimated to grow at a CAGR of 3.74% between 2023 and 2028.
The Macadamia Market size is projected to increase by USD 998.22 million and the market size is estimated to grow at a CAGR of 9.71% between 2023 and 2028.
Oligofructose Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.32% |
Market growth 2024-2028 |
USD 5.04 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
10.93 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
Share this article