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The increasing number of health-conscious consumers interested in products that improve life quality has created a positive impact on functional drinks. For this reason, prebiotic drinks have gained momentum and the demand for its ingredients such as soybean oligosaccharides is also positively influenced. The low sweetness and low-calorie attributes of soybean oligosaccharides make it useful as bulking agents in low calories food formulations. With the increase in the rate of health issues such as obesity and other chronic diseases, consumers have an increased preference for food items with lesser calories. This consumer behavior thereby boosts the market demand for soybean oligosaccharides. However, functional oligosaccharides such as soybean oligosaccharides are present naturally at low concentrations in plants, therefore, the extraction processes of these types of oligosaccharides from their natural source is very costly. This factor is expected to potentially hinder the growth of the soybean oligosaccharides market.
Soybean oligosaccharides are used as humectants due to their high moisture retaining capacity. This characteristic makes it an ideal component for pharmaceutical and cosmetic products. This can be viewed as an opportunity by the manufacturers for further growth and expansion of their market base.
The market is segmented on the basis of form, application, and region. On the basis of form, the market is classified into liquid and powder. By application, it is categorized into food industry, pharmaceutical industry, personal care and cosmetic industry, nutraceutical industry, and others. On the basis of region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
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Top Key Players: Gushen biological technology group, ALFA LAVAL, TCI Chemicals (India) Pvt. Ltd., Shaanxi NHK Technology Co. Ltd, Linyi Shansong Biological Products Co., Ltd, Xi’an Frankherb Biotech Co., Ltd., Xian Aladdin Biological Technology Co., Ltd., Xi’an Xiaocao Botanical Development Co., Ltd, Shaanxi Yi An Biological Technology Co., Ltd., Nantong Sihai Plant Extracts Co., Ltd., and Biopharma Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the Soybean Oligosaccharides Market to elucidate the prevailing opportunities and tap the investment pockets.
- It offers qualitative trends as well as quantitative analysis of the global market from 2019 to 2026 to assist stakeholders to understand the market scenario.
- In-depth analysis of the key segments demonstrates the type of Soybean Oligosaccharidesand its applications.
- Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
- Key market players are profiled to understand the competitive outlook of the market.
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