Galacto-oligosaccharide Industry - Regional Synopsis
Europe industry is expected to dominate majority revenue share of 42% by 2037 and is estimated to hold this position throughout the forecast period owing to the rising awareness towards nutritional enrichment among working professionals for maintaining the balanced nutrition in the human body. Rising concerns over the hazardous effect associated with conventional pharmacy medicines are further anticipated to drive the market's growth during the forecast period. The galacto-oligosaccharide market in Asia is anticipated to grow with the highest CAGR of 11.02% during the forecast period. The market in this region is driven by the increasing consumption of dietary supplements for maintaining healthy lifestyles. Besides, widespread awareness regarding prebiotics and its extensive application in dietary supplements has further propelled the region's growth. Moreover, in Japan, the market is anticipated to grow at a CAGR of 11.93% during the forecast period on account of the increasing geriatric population in the country. The geriatric population is more prone to diseases such as immune disorder, digestive disorder, diabetes, and others, which further creates the demand for prebiotics products to improve their health and build immunity.