The xylooligosaccharide market is predicted to be worth US$ 74 million in 2023 and rise to US$ 144.5 million by 2033. The global industry was expanding at a CAGR of 2.7% from 2018 to 2022.
Drivers Impacting the Market Demand
Animal-derived goods are in high demand in the hospitality industry. Therefore the rising consumption of animal-based food products predicts that the key participants are likely to score a new goal in the sector.
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Downsides for the Market
The production and sale of xylooligosaccharides are subject to stringent regulations set forth by numerous regulatory organizations. These limitations impede market expansion by making it more difficult for firms to comply with them. Global demand is now constrained by consumers’ limited knowledge of the benefits of xylooligosaccharides. This creates investment concerns for the market.
Profitable Market Opportunity
Strong prebiotics research and development initiatives are generating new product development, which is boosting the market in various countries. Also, the favorable regulatory environments across many regions stimulate business investment in the sector. It generates a tonne of attractive opportunities for the dominant market players.
Key Takeaways
- By 2033, the xylooligosaccharide market in the United Kingdom is likely to expand, with a CAGR of 8%.
- In 2022, the United States dominated the xylooligosaccharide sector, with a share of 34%, and is expected to lead during the forecast period.
- The xylooligosaccharide market was significantly expanding, with a size of US$ 71.2 million in 2022.
- By 2033, the xylooligosaccharide industry in China is likely to expand, with a CAGR of 8.9%.
- In 2022, Australia expanded steadily in the xylooligosaccharide business, with a share of 1.2%.
- The market is anticipated to expand at a valuation of US$ 90.50 million by 2028, owing to the surging awareness in animal husbandry about feed quality.
- By 2033, India is projected to expand significantly in the xylooligosaccharide sector, with a share of 10.8%.
- In 2022, Japan grew steadily in the xylooligosaccharide market, with a share of 1.5%.
- Based on form, the dry xylooligosaccharide dominated the market with a share of 69% in 2022.
- Based on product type, the livestock segment led the market with a share of 38% in 2022.
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Effective Techniques by Key Players
The focus of key companies is on executing a range of inorganic growth strategies to strengthen their position in the global xylooligosaccharides market. Since it helps to promote animal gastrointestinal health. The growing need for nutrient-rich feeds for livestock creates opportunities for xylooligosaccharide producers.
Recent Developments
- January 2021: A novel prebiotic ingredient called CARE4U XOS. A xylooligosaccharide made from sustainably harvested birchwood has been introduced by DuPont Nutrition & Biosciences.
- July 2021: The xylooligosaccharide component Mobilee from the Spanish biotech business Bioiberica has been given the green light by the European Commission. As it can be used in food and dietary supplement products.
- November 2020: The Japanese business Matsutani Chemical Industrial Co., Ltd. declared that it has created a brand-new technique for creating high-purity xylooligosaccharides. It was created using an enzyme from a mushroom.
- In 2021: a new xylooligosaccharide product called ‘Xylo-oligosaccharide-95’ with a purity of 95% was introduced by the Anhui Elite Industrial Co.LTD.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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