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Market Overview of Global Fructooligosaccharide (FOS) market:
According to our latest research, the global Fructooligosaccharide (FOS) market looks promising in the next 5 years. As of 2022, the global Fructooligosaccharide (FOS) market was estimated at USD 481.77 million, and it's anticipated to reach USD 634.99 million in 2028, with a CAGR of 4.71% during the forecast years.
Fructooligosaccharides (FOS) are oligosaccharides that occur naturally in plants such as onion, chicory, garlic, asparagus, banana, artichoke, among many others. They are composed of linear chains of fructose units, linked by beta (2-1) bonds.
Influence of COVID-19 Outbreak on Fructooligosaccharide (FOS) Industry Development
COVID-19 has a relatively small impact on the entire Fructooligosaccharide industry. In general, the FOS industry has maintained a relatively stable state during the epidemic. From the current financial reports for the first and second quarters we have collected, the epidemic has little impact on FOS's main downstream markets. For example, a large number of food ingredient companies have only a small decline in performance, and a small number of companies have slightly increased. Therefore, demand of the market has not been greatly affected. In addition, as the raw material market upstream of the FOS industry has been affected by COVID-19, the price of raw materials has fallen, while the supply has stabilized. To sum up, although the global economy and politics have undergone earth-shaking changes under the influence of COVID-19, the FOS industry seems to have suffered little setbacks.
Drivers
The recognition of Fructooligosaccharide in the United States is not very high. After 2000, under the active development of the American nutrition company GTC, Fructooligosaccharide has developed rapidly in the US food and beverage market. In 2011, Pfizer Nutrition of the United States and FOS giant BENEO-Orafti of Belgium jointly filed an application to the US FDA for adding FOS as a generally recognized safe (GRAS) ingredient to infant formula milk, and was approved.
China began to produce prebiotic products in the late 1990s. In 2009, the national standard for Fructooligosaccharide was officially implemented. In 2011, the Chinese company Quantum Hi-Tech participated in the organization of the 90-day feeding trial of FOS infant formula milk powder added with sucrose source for the first time in China, and promoted the publication of relevant announcements of the Ministry of Health, importing FOS and infant formula milk powder in China The monopoly in China was broken.
Limitations
Dairy products and medical care are the main areas of FOS products. The downstream industries of the company tend to form an oligopoly competition pattern. The scale of downstream companies is much larger than FOS manufacturers. Any large downstream company or industry will experience industry fluctuations. Both will have a greater impact on the operation of a large number of companies in the FOS industry. FOS companies need to further expand product application areas and increase the number of customers to diversify risks.
The FOS industry has high technical barriers. The production of high-purity FOS requires the use of the most advanced production technology in the industry in key links such as transformation process, fermentation process, purification process, concentration process and drying process, which are difficult for new entrants to master. For example, 100% high-purity FOS production technology is difficult to master for most global manufacturers.
Region Overview:
Europe had the highest growth rate of all regions.
Company Overview:
Beneo-Orafti SA is one of the major players operating in the Fructooligosaccharide (FOS) market, holding a share of 21.79% in 2020.
BENEO
BENEO is part of the Sudzucker Group-one of the leading food producers in Europe. Our organisation was formed in 2007 by the companies Orafti, Palatinit and Remy and is currently represented in more than 80 countries around the world.
Meiji Food Materia
Scope of business includes sales and import/export of sugar, starch sugar, and grains. Production, sales and import/export of functional materials, and sales and import/export of processed fruits and prepared foods
Segmentation Overview:
Among different product types, Solid FOS segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Food & Beverage segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Fructooligosaccharide (FOS) market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Fructooligosaccharide (FOS) Market Report:
Market Size Estimates: Fructooligosaccharide (FOS) market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Fructooligosaccharide (FOS) market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Fructooligosaccharide (FOS) market
Segment Market Analysis: Fructooligosaccharide (FOS) market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Fructooligosaccharide (FOS) market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Fructooligosaccharide (FOS) Market: Revenue and sales volume of major countries in each region
Fructooligosaccharide (FOS) Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Fructooligosaccharide (FOS) market in major regions.
Fructooligosaccharide (FOS) Industry Value Chain: Fructooligosaccharide (FOS) market raw materials & suppliers, manufacturing process, distributors, downstream customers
Fructooligosaccharide (FOS) Industry News, Policies & Regulations
Key players in the global Fructooligosaccharide (FOS) market are covered in Chapter 12:
Cargill Inc.
Quantum Hi-Tech (China) Biological co.,LTD.
Shandong Bailong Chuangyuan
Cosucra-Groupe Warcoing SA
Prebiotin
Ingredion Incorporated
Beghin Meiji
Beneo-Orafti SA
Meiji Food Materia
In Chapter 2 and Chapter 15.1, based on types, the Fructooligosaccharide (FOS) market from 2018 to 2028 is primarily split into:
Liquid FOS
Solid FOS
In Chapter 3 and Chapter 15.2, based on applications, the Fructooligosaccharide (FOS) market from 2018 to 2028 covers:
Animal Feed
Food & Beverage
Infant Formula
Pharmaceuticals
Dietary Supplements
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Fructooligosaccharide (FOS) market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028