Factors such as growing interest in healthier food and drinks and rising interest in digestive health is expected to drive market expansion in the near future at a CAGR of 7.50% during the forecast period 2023 to 2032.
Market Research Future (MRFR) has published a cooked research report on the “Global Xylooligosaccharide Market” that contains information from 2018 to 2032. The Xylooligosaccharide market is estimated to register a CAGR of 7.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Xylooligosaccharide market— Anhui Elite Industrial Co. ltd, YIBIN YATAI, Dongguan All natual plant extracts Co., Kangwei, HBTX, HFsugar, Longlive, YuHua, Shandong, Bailong Chuangyuan Bio-tech Co. Ltd, VW-Ingredients and others.
Xylooligosaccharide Market Highlights
The global xylooligosaccharide market is accounted to register a CAGR of 7.50% during the forecast period and is estimated to reach USD 0.13 Billion by 2032.
The need for prebiotic and functional food ingredients is growing, which is driving the growth of the global xylooligosaccharide market. Xylooligosaccharides are used in the food, pharmaceutical, and animal feed industries because they have proven health benefits such improved gut health. Market expansion is fueled by rising consumer awareness of the importance of a healthy diet, which also fosters innovation and product variety.
Segment Analysis
The global xylooligosaccharide market has been segmented based Form and Product Type.
On the basis of form, the market is segmented into liquid and dry. The dry segment dominated the market in 2022. Dry XOS products are easy to handle and store. They have a longer shelf life than liquid forms, making them a more appealing option for producers and consumers.
Based on product type, the global xylooligosaccharide market has been segmented into pet and livestock. The livestock category generated the most income in 2022. Livestock animals frequently have digestive issues because of the strain of growth, dietary changes, or environmental factors.
Regional Analysis
The global Xylooligosaccharide market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Xylooligosaccharide market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Xylooligosaccharide market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Xylooligosaccharide market comprises of Middle East, Africa, and Latin America.
The North America xylooligosaccharide market dominated this market in 2022 (45.80%). In North America, the food and beverage industry is diverse and progressive. Manufacturers in this industry are constantly looking for novel ingredients to meet consumer demands for products that are more useful and healthy. The utilisation of XOS in numerous food and beverage products, including yoghurt, cereal bars, and functional beverages, is what is driving the need for XOS in the area.
Moreover, the second-largest market share belongs to the Europe. Europe has seen an upsurge in digestive health difficulties, including conditions like irritable bowel syndrome (IBS) and stomach pain, similar to many other regions. European consumers are actively looking for products that can assist with these issues, and XOS has gained recognition as a natural solution as a prebiotic that enhances gut health. Producers are responding by releasing XOS-containing products that cater to these specific health needs.
Additionally, from 2023 to 2032, the Xylooligosaccharide Market in Asia-Pacific is anticipated to experience the quickest CAGR growth. In many Asian societies, traditional medicine and herbal remedies play a significant role in healthcare. XOS has established itself as a mainstay of traditional medicine due to its possible health advantages, particularly in China and India. The region is well-liked by XOS due to its inclusion in customary medical operations.
Furthermore, Latin America's growing interest in functional foods and dietary health is a major factor in the region's xylooligosaccharide market growth. The food and beverage industries use xylooligosaccharide because of its prebiotic characteristics. Consumer preferences that are changing and a focus on wellness support market growth by encouraging innovation.
Key Findings of the Study
- The global Xylooligosaccharide market is expected to reach USD 0.13 Billion by 2032, at a CAGR of 7.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the traditional medicine and herbal treatments are important components of healthcare in many Asian cultures. With its potential health benefits, XOS has become a staple of traditional medicine, especially in China and India.
- Based on product type, the livestock segment was attributed to holding the largest market in 2022.
- Anhui Elite Industrial Co. ltd, YIBIN YATAI, Dongguan All natual plant extracts Co., Kangwei, HBTX, HFsugar, Longlive, YuHua, Shandong, Bailong Chuangyuan Bio-tech Co. Ltd, VW-Ingredients and others.
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Companies Covered | 15 |
Pages | 128 |
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