Galacto-oligosaccharide Segmentation
Based on end-user, the global galacto-oligosaccharides market is segmented into food & beverage industry, pharmaceutical, personal care and animal feed. Among these segments, the food & beverages segment accounted for 73.67% of the market share in 2019 and is estimated to garner revenue of USD 385.90 Million in 2020. The growth of the segment can be attributed to galacto-oligosaccharides’ excellent nutritional properties. It is widely used in dairy products such as yogurt, butter, and cheese to improve their shelf life and as a nutritional additive, further increasing product adoption. The food & beverage industry segment is further divided into product, demography and application. The dairy products subsegment under applications segment, registered the largest market share along with a value of USD 129.88 million in the year 2019 and is further anticipated to achieve a CAGR of 10.08% during the forecast period.
Our in-depth analysis of the global market includes the following segments
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