The fructooligosaccharides (FOS) market is broadly categorized into five major segments based on the application type such as food & beverages industry, infant formulations, dietary supplements, animal feed and pharmaceuticals sector. The food & beverages industry is considered as one of the fastest growing segment in the fructooligosaccharides (FOS) industry with substantial revenue generation in the last few years. Growing popularity of fructooligosaccharides (FOS) in the food & beverages segment is attributed to the varying food patterns and changing lifestyle. The pharmaceuticals segment has also witnessed substantial growth owing to the increase in the number of research & development activities across the globe.
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The fructooligosaccharides market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in food & beverages industry, increase in the number of research & development activities in the region and existence of well-established manufacturing infrastructure.
Asia-Pacific region is predicted to hold major market share in the fructooligosaccharides (FOS) with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising disposable income, strong economic growth, varying food patterns and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the fructooligosaccharides industry are BENEO-Orafti, Cargill, Cosucra Groupe Warcoing, Friesland Campina Domo, Jarrow Formulas.
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