Global Oligofructose Market - 2022-2029

Global Oligofructose Market - 2022-2029

Market Overview

Oligofructose market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of 11.2% during the forecast period (2022-2029).

The oligosaccharide fructans, known as fructooligosaccharides (FOS), also known as oligofructose or oligofructan, are utilized as an alternative sweetener. In commercially manufactured syrups, FOS displays sweetness levels between 30 and 50% of sugar. It naturally exists, and commercial application began in the 1980s in response to customer demand for meals with fewer calories and a higher nutritional value. Oligofructose is derived from inulin through partial enzymatic hydrolysis and is an insulin-type fructan. Towards the harvest's conclusion, this conversion occurs spontaneously within the chicory root. So, it is argued that it is entirely vegetable in origin. The growing demand for artificial sweeteners to prevent ailments including diabetes, heart disease, stress, cancer, high cholesterol, and osteoporosis is expected to drive growth in the global oligofructose market during the forecast period.

Market Dynamics:

The growing demand for healthy and low-calorie sweetener products

Consumers worldwide have been using low-calorie sweeteners for safety and savoring them for over a decade. The demand for oligofructose has increased due to growing awareness of the nutritional content of food consumed and the rising desire for low-calorie food and drink items. Oligofructose enhances the texture of foods with less fat and makes low-calorie foods sweeter and tastier. They are essentially a category of natural food ingredients that are frequently added in varying amounts to dietary items and found as plant storage carbohydrates in a variety of plants and vegetables, including onion, wheat, bananas, chicory, and garlic. Oligofructose has a wide range of applications in various food categories, including confectionery, fruit preparations, milk desserts, yogurt and fresh cheese, baked products, chocolate, ice cream, and sauces. Making fructose syrups from inulin is another option. The biochemical and physiological processes in humans and rats are affected by oligofructose, making it a potent functional food element that improves overall health and lowers the risk of numerous diseases, including atherosclerosis. Oligofructose is a bifidogenic substance used to relieve constipation, boost the body's immunological system, and lower fatty acid levels in the liver. Additionally, it aids in boosting the body's capacity to absorb minerals, particularly calcium. The market penetration for the product is increasing due to the desire for higher utilization in various food and drink goods, including soft drinks, chewing gum, confectionery, yogurts, frozen desserts, dessert mixes, etc.

However, the major restraining factor of the market is the lack of scientifically proven data on the benefits of oligofructose in nutrition and medicine.

Market Segmentation:

Oligofructose powder segment for the highest share in global oligofructose market

In 2021, the oligofructose powder segment had the highest revenue share of more than XX percent. The demand is attributed to high sweetener usage in beverages. More than 36,000 plant species, including wheat, onions, garlic, bananas, leeks, asparagus, Jerusalem artichokes, and chicory, contain inulin and oligofructose, two natural dietary elements known as fructooligosaccharides.

In 2021, the dietary supplements segment had the highest revenue share of more than XX percent. The demand is attributed to high sweetener usage in beverages. Oligofructose is a type of dietary fiber that can facilitate weight loss and help keep it off. Reducing hunger and boosting fullness accomplishes this. Furthermore, it promotes digestive health, enhancing hunger control and quickening weight loss. For instance, prebiotic dietary fibers like inulin-type fructans (ITFs) promote gut health by feeding the beneficial bacteria in the digestive tract. These include beta-glucans, oligofructose, inulin, and other substances. They have been demonstrated in clinical trials to enhance immunological function and promote lactic acid bacteria, according to a study published in Foods in March 2019. These health benefits factors further boost the segment market growth.

Geographical Penetration:

North America is the dominating region during the forecast period.

In 2021, North America had the highest revenue share of almost XX percent. The region's food and beverage industry has seen significant demand for oligofructose in the second decade of this century due to increased health concerns and consumer desire for low-calorie food items. The pharmaceutical industry in this region, which produces weight management medications, has demanded oligofructose from 2016 to 2020 due to the increased number of persons suffering from obesity. U.S. Department of Health & Human Services reports that the obesity prevalence in the country was 41.9% in 2017. Hence, the market is expanding due to the region's increasing population density and the associated indirect demand. The rise in consumer living standards due to the corresponding rise in disposable income is another element influencing the market's expansion.

Competitive Landscape:

The oligofructose market is fragmented. Some of the major players in the market include Baolingbao Biology Co., Ltd, BENEO GmbH, Mitushi Biopharma, Cargill, Inc., Nutrinova, Naturex, Hermes Sweeteners Ltd., Beghin Meiji S.A., Cosucra Groupe Warcoing SA, and Shandong Bailong, among other domestic and global players. Companies in the market focus on strategies such as product launches, product approvals, and other factors, including patents and events. Acquisitions, partnerships, and collaborations were additional growth strategy activities in the market. These activities have allowed market participants' operations and market to grow. For example, Hearthside Food Solutions, LLC, the industry’s leading contract manufacturer, completed the acquisition of Weston Foods Ambient Division assets in November 2021. The acquired Ambient Division assets include six North American locations producing cookies, crackers, cones, wafers and related baked products. The completed acquisition expands the Hearthside network to 43 facilities in the US, Europe, and Canada. In April 2020, BENEO GmbH announced businesses to spend more than 50 million euros on a significant expansion of its chicory root fiber production facility in Chile by the year 2022. The increased demand for the chicory root fibers, inulin, and oligofructose produced by BENEO results from growing consumer interest in digestive health.

COVID-19 Impact:

Positive impact on the global oligofructose market

The COVID-19 pandemic has been beneficial for the oligofructose market. One of the main factors promoting the market's expansion during the early stages of the pandemic is the rising prevalence of lifestyle disorders, infectious diseases, chronic health issues, increased awareness regarding artificial sweetener sources, and rising demand for high-protein diets. According to WHO research released in July 2019, one in ten people experience immune system-related problems and need external medication to maintain the immunity necessary to prevent the spread of harmful bacteria already existing in the body. Oligofructose is increasingly in demand for producing immunity-boosting food products and medications due to its properties that aid digestion and circulate nutrients through the bloodstream.

The global oligofructose market report would provide an access to approximately 61 market data tables, 55 figures and 170 pages