Research Insights on Fructo Oligosaccharides Market Size & Forecast to 2024

Posted by Marsh William on October 12th, 2018

 12 October 2018
The global Fructo Oligosaccharides (FOS) Market size is expected to reach USD 3.52 billion by 2024. This prebiotic is gaining popularity as a functional ingredient in food and beverage on account of rising consumer awareness about fiber-fortified goods. FOS helps maintain growth of nonpathogenic intestinal micro flora. Rising demand for infant foods from emerging economies including, China and India is projected to be a significant trend. Furthermore, expansion of functional food industry and new product launches by Arla Foods, Danone, and such other companies is expected to spur growth of the FOS market over the next eight years.

Functional foods held the largest share of over two-fifth of the market in 2015. It is expected to expand at a CAGR of around 8.0% over the forecast period. Numerous manufacturers including BENEO-Orafti SA, Cosucra Groupe Warcoing SA, and Roquette Frères are investing in R&D activities for the production of novel FOS-based functional foods. This is expected to remain a favorable factor for the expansion of global market. Europe accounted for around 40.0% market share in 2015 and is expected to witness steady growth on account of high concentration of functional food manufacturers in Germany, U.K., and France.

Rising importance of dairy products for bone health and for maintaining recommended calcium intake in human body is expected to boost consumption of FOS. Dietary supplement is expected to be the fastest growing application segment with an expected double digit growth over the forecast period. Expansion of sports nutrition industry as a result of rising awareness regarding weight management is expected to promote demand for fructo saccharides in near future.Also, high demand from pet food industry, especially in countries such as India and China is expected to further fuel market growth. Animal feed market in the aforementioned countries is projected to expand by 10.0% to 12.0% from 2016 to 2024.

Browse Details of Report @ https://www.hexaresearch.com/research-report/fructo-oligosaccharides-fos-market