Clinical Laboratory Services Market Overview, Challenges, Opportunities And Top Key Players till 2025

May 31, 2021: The global Clinical Laboratory Services Market is expected to witness a substantial growth in the years to come. This could be attributed to technical advancements with regards to medical laboratory services. Plus, loads of infectious ailments are coming up; which may result in increase in mortality and morbidity if not detected on time. Clinical laboratory services help in checking this catastrophe. This is another factor driving the market in the near future.

Increase in geriatric population outcomes in weak immune system. This will also affect the clinical laboratory services market on positive grounds. Besides, governments in developed economies like the U.S., Belgium, and Denmark do put healthcare at the top pedestal. At the same time, there are economies having ambivalent regulatory framework are likely to impede the market in the next 5-7 years.

The clinical laboratory services industry is segmented based on type of test, service provider, and geography. By type of test, the segmentation spans medical microbiology & cytology, clinical chemistry, human & tumor genetics, and the other esoteric tests. By service provider, the market could span clinic-based laboratories, stand-alone laboratories, and hospital-based laboratories.

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By geography, the clinical laboratory services market comprises North America (Canada, U.), Europe (Italy, Spain, France, UK, and France), Asia Pacific (India, Australia, China, and Japan), LATAM (Mexico, Brazil), and MEA (Saudi Arabia, South Africa). Asia Pacific’s market is projected to grow by leaps and bounds owing to considerable efforts taken by the governments in enhancing lab services herein. North America and Europe have already attained saturation with respect to clinical laboratory services.

The players contributing to the clinical laboratory services market include Arup laboratories, Genzyme, Laboratory Corporation of America Holdings, Sonic Healthcare, Siemens, Quest Diagnostics, NeoGenomics laboratories, Fullerton Health, Abbott, Opko Health, Fresenius Medical Care, Charles River laboratories, Qiagen, and Genoptix Medical laboratory. Inorganic growth is on the anvil. For example – NeoGenomics, in Jul 2019, opened novel pharma services laboratory in Singapore. With PPD (Pharmaceutical Product Development, LLC). Way back in Jul 2017, Arup Laboratories inked a partnership with IDbyDNA for developing next-generation sequencing infectious disease testing. The partnership did introduce genomic technology all over clinical practices.

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Market Segment:

Clinical Laboratory Services Test Type Outlook (Revenue, USD Billion, 2014 - 2025)

    • Clinical Chemistry

    • Human & Tumor Genetics

    • Medical Microbiology & Cytology

    • Other Esoteric Tests

Clinical Laboratory Service Provider Outlook (Revenue, USD Billion, 2014 - 2025)

    • Hospital-based Laboratories

    • Stand-alone Laboratories

    • Clinics-based Laboratories

Clinical Laboratory Services Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K.

    • Asia Pacific

        • Japan

        • China

        • India

    • Latin America

        • Brazil

    • Middle East & Africa

        • South Africa

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Automotive Relay Market Growth Factors, Strategies And Highlights of The Market till 2025

May 28, 2021: The global Automotive Relay Market is expected to grow considerably in the near future due to increase in demand for various applications, such as trucks, heavy industrial equipment, and others. Automotive relay is a simple electromechanical switch that help a low amperage circuit turn on and off the higher amperage circuits, such as headlights. It is also used to switch multiple circuits at the same time with one output.

Single output connected to several relays enable simultaneous opening and/or closing. A normal automotive relay runs on either 5v or 12v signal, where 12v is a standard for all automotive batteries and 5v is standard for the sensors. They run by inserting a lever at the corner of bulky load and by positioning a wedge below the lever. This enables easy lifting of the heavy load with least efforts.

The factors driving of the automotive relay market include rise in levels of comfort and safety in driving, increasing replacement of lighter PCB relays with the conventional complex plug-in devices, increased popularity of PCB relays and high adoption, growing government initiatives for the inclusion of safer components to reduce the number of casualties, increase in the demand and production of hybrid electric vehicles, and rise in modernization of automobiles. However, poor standardization in design is restricting the automotive relay industry growth.

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Increasing use of enhanced technologies like GPS, temperature, weather, and traffic related information, ultimately escalating the demand for the product is one of the major trends witnessed in the domain. Nonetheless, the growing use of conventional plug-in in the automotive sector is challenging the automotive relays industry.

One of the leading players, Infineon is expected to present a new class of Embedded Power ICs, namely TLE985x. It offers AEC Q-100 competent H-bridge driver motor control technology for single-phase brushless DC and 2-phase DC motors. The device is also expected to help manufacturers for replacing automotive relays in low-end motor control uses like window lift and sunroof. By replacing to MOSFETs (metal-oxide-semiconductor field-effect transistor), high level of integration lowers the system costs. Surplus advantages include improved the PWM control and incorporated standardized current sense amplifier, enabling the adaption of motor currents. This also optimizes the motors and mechanics for more applications. This naturally reduces the size of motor and circuit board and improves the noise behavior.

The prominent players in the automotive relays market comprise Omron Corporation, ABB Ltd., TE Connectivity, Salzer Electronics Ltd., Deltrol Controls, Panasonic Corporation, American Zettler Inc., Nippon-Aleph, Fujitsu, Denso Corporation, Daesung, and NEC Corporation among others.

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Market Segment:

Product Outlook (Revenue, USD Million; 2014 - 2025)

    • PCB Relay

    • Plug-in Relay

    • High Voltage Relay

    • Others

Vehicle Type Outlook (Revenue, USD Million; 2014 - 2025)

    • Passenger vehicles

    • Commercial vehicles

    • Electric vehicles

Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Resistive loads

    • Capacitive loads

    • Inductive loads

Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

   • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

    • South America

        • Brazil

    • Middle East and Africa (MEA)

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Alpha Olefin Market by Leading Player, Size, Status and Forecast Report till 2025

May 28, 2021: The global Alpha Olefins Market is anticipated to expand at a positive CAGR of 4.8% in the forecast period i.e. from 2014 to 2025 as extensive research for the development of alpha olefins using dissimilar sources are estimated to boost overall market growth across the globe.

Ethylene is a significant feedstock for manufacturing alpha olefin and produced across the globe by using naphtha and gas-based oil. The overall market is projected to experience a balanced supply-demand condition in the forecast period i.e. from 2014 to 2025. Furthermore, overall market is estimated to be a spectator of linear rise in product costs matched with the boom in ethylene prices over the period of time.

These organic compounds offer a range of industrially important products like 1-octadecene, 1-decene, 1-hexadecene, 1-octene, 1-tetradecene, 1-hexene, and 1-dodecene. The rising demand for poly alpha olefin (PAO) in synthetic lubricants is estimated to spur overall market in the years to come. Plus, rising focus on producing bio-based alpha olefin is estimated to avail new opportunities for the growth of overall alpha olefin market as several bio-chemicals are accepted as pro-environmental solutions.

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Also, rising demand for poly alpha olefin based lubricants and discovery of shale gas are estimated to fuel overall alpha olefins industry growth in future. However, strict environment regulations regarding use of polyethylene and varying costs of raw materials and energy sources may restrain overall market growth in the forecast period i.e. from 2014 to 2025. North America will continue with its dominance over the forecast period due to the presence of key manufacturers in the region. On the other hand, growing population and increasing consumption of packaged food are estimated to fuel overall market growth in the Asia Pacific region in future.

Alpha olefins is estimated to experience a balanced supply-demand condition in the future. In presence of REACH, alpha olefins are known to have no toxic effect on animal and human population. The foremost trend observed in recent years in global market is rising demand for heavier alpha olefins (C6+) in the Middle East and North America.

Key players operating in alpha olefin market are Saudi Basic Industries Corporation, Chevron Phillips Chemical Company LP, Shell Chemical Limited, ExxonMobil Chemical Company, Qatar Chemical, Evonik Industries AG, Mitsubishi Chemical, Godrej Industries Ltd., and Ineos Oligomers. SASOL, CPChem, and INEOS are estimated to help hold the market balance and alpha olefin prices. Using UNIPOL technology in North America, Exxon Mobil’s linear low-density polyethylene concentrated on specialty grades.

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Market Segment:

Product Outlook (USD Million, 2014 - 2025)

    • 1-Butene

    • 1-Hexene

    • 1-Octene

    • 1-Decene

    • 1-Dodecene

    • Others

Application Outlook (USD Million, 2014 - 2025)

    • Polyethylene

    • Synthetic Alcohol

    • Synthetic Lubricants

    • Others

Materials Regional Outlook (USD Million, 2014 - 2025)

    • North America

        • U.S

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • China

        • Japan

        • India

    • Middle East and Africa

    • Central & South America

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Adhesives and Sealants Market Growth Factors, Strategies And Highlights of The Market till 2025

May 28, 2021: The global Adhesives and Sealants Market is estimated to value at USD 82.4 billion by 2025, exhibiting a CAGR of 5.6% during forecast period of 2019 to 2025. Increasing use of high-performance adhesives and sealants in automotive sector is expected to boost sales of the product over the coming years. Collectively, the adhesives and sealants market is expected to gather significant market revenue during the forecast period, thereby offering several opportunities to investors to spend money on research & development activities.

Adhesives and sealants are gaining traction in several end-use industries including automotive industry, construction sector, packaging industry, and pressure sensitive applications. Additionally, increasing penetration of the product in furniture and footwear industry is further propelling the product demand over the coming years. Use of high-performance adhesives in lightweight passenger cars with higher fuel economy and lower emissions is significantly contributing to adhesives & sealants industry growth over the past few years. Increasing adoption of these products in both interior and exterior automotive applications is the key driving factor associated with industry growth. These adhesives and sealants are rapidly replacing nuts and bolts in order to enhance fuel economy and reduce weight of the vehicles.

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There is a growing demand for sealants from construction industry for faster sealing of equipment and longer endurance on substrates. Waterproofing products gaining popularity in exterior applications including terrace and balcony. Waterproofing seals have also found several applications in different building components, while tilting seals are increasingly adopted for various interior applications due to their vivid application scopes. Industry growth for waterproofing and tilting seals is characterized by high penetration capacity among emerging economies and increasing number of construction projects.

Development of innovative products and availability of low cost solutions is expected to favor product demand in the near future. On April 2017, Ashland has unveiled different types of solvent-based pressure sensitive adhesives (PSA). These PSA) allows manufacturers to enhance the efficacy and usability of their products in demanding applications. Alongside PSAs, Ashland has introduced Aroset PS-6426, which is designed in reference to the HVAC aluminum foil tape applications.

Henkel AG & Company, KGaA, Sika AG, Arkema Group, H.B. Fuller Co., Huntsman Corp., The 3M Co., and Illinois Tool Works (ITW), Inc., are some of the prominent industry participants in the global market.

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Market Segment:

Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Water based

    • Solvent based

    • Hot melt

    • Reactive & other

Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Acrylic

    • PVA

    • Polyurethanes

    • Styrenic block

    • Epoxy

    • EVA

    • Other

Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Pressure sensitive applications

    • Packaging

    • Construction

    • Furniture

    • Footwear

    • Automotive

    • Other

Sealants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Silicones

    • Polyurethanes

    • Acrylic

    • Polyvinyl acetate

    • Other

Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Construction

    • Automotive

    • Packaging

    • Assembly

    • Pressure sensitive tapes

    • Consumers

    • Other

Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Mexico

        • Europe

        • Germany

        • U.K.

        • France

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

        • Saudi Arabia

Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • U.K.

        • France

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

        • Saudi Arabia

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Mobile Virtual Network Operator (MVNO) Market Key Players Analysis, Segmentation And Forecast Report till 2025

May 27, 2021: The global Mobile Virtual Network Operator (MVNO) Market is expected to display higher growth rate over the next seven years. Rapid surge in the mobile virtual network operators industry is credited to increasing demand for data and value-added services such as live streaming and mobile commerce-based services. In addition, rising smartphone penetration worldwide and increasing mobile subscriber base are projected to foster the growth of mobile virtual network operator market over the forecast period.

Globally, the mobile virtual network operator (MVNO) industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the market.

Mobile virtual network operators are responsible for catering various customer demand by providing them with high speed and cost effective services. Mobile virtual network operators does not own the telecom infrastructure or license to use radio frequencies. These factors are expected to boost market growth over the forecast period. However, presence of several market players and introduction of cost cutting services in the market are anticipated to limit industry growth to a certain extent.

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Development of advanced network services such as machine-to-machine (M2M) transaction and mobile money is projected to propel market growth over the coming years. The recent technological advancements in telecom sector and integration of various cloud services are estimated to fuel the market demand over the next few years. Introduction of cost efficient mobility options such as lifestyle, entertainment, and productivity to increase revenue generation are key market trends in the past few years.

The MVNO market is broadly categorized into three major segments based on the operational model type such as full MVNO, reseller MVNO and service operator MVNO. The full MVNO segment is growing rapidly in the mobile virtual network operator industry with substantial revenue generation in the last few years. Growing popularity of the full MVNO segment is attributed to the increasing number of regulatory interventions to comprehend market barriers for new market entrants and rising adoption of strategic decisions undertaken by MNOs. The service operator MVNO segment has also witnessed substantial growth owing to the development of sub-brands and increase in network utilization across the globe.

The mobile virtual network operators market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in telecommunication sector, modernization of existing telecommunication infrastructure, surge in number of research & development activities in the region and existence of well-established telecom infrastructure.

Asia-Pacific region is estimated to hold major market share in the mobile virtual network operators with massive growth in forecast period. Countries such as India, Vietnam, Myanmar, China and Singapore are leading the Asia-Pacific market with strong economic growth, development of remote management of vending machines, online gaming and surveillance services, rising disposable income and significant investment by leading industry players considering potential growth opportunities in the region.

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The key players in the MVNO industry are Lebara Group B.V., Lyca Mobile Group, TalkMob Co., Giffgaff Inc., Poste Mobile Corp., CITIC Telecom International Holding Ltd., Telefonica S.A., Verizon Communications Inc., Virgin Mobile LLC, and Tracfone Wireless, Inc.

Market Segment:

Mobile Virtual Network Operator (MVNO) Type Outlook (Revenue, USD Billion, 2014 - 2025)

    • Business

    • Discount

    • M2M

    • Media

    • Migrant

    • Retail

    • Roaming

    • Telecom

Mobile Virtual Network Operator (MVNO) Operational Model Outlook (Revenue, USD Billion, 2014 - 2025)

    • Full MVNO

    • Reseller MVNO

    • Service Operator MVNO

Mobile Virtual Network Operator (MVNO) End-use Outlook (Revenue, USD Billion, 2014 - 2025)

    • Consumer

    • Enterprise

Mobile Virtual Network Operator (MVNO) Regional Outlook (Volume, Million Subscribers; Revenue, USD Billion, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • Netherlands

        • Italy

        • U.K.

        • Spain

        • France

    • Asia Pacific

        • Australia

        • Japan

        • Singapore

        • Hong Kong

        • Malaysia

    • Latin America

        • Colombia

        • Brazil

        • Mexico

    • MEA

        • Middle East

        • Africa

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Medical Device Outsourcing Market Growth Opportunity, Status and Forecast Analysis Report till 2025

May 27, 2021: Global Medical Device Outsourcing Market size is anticipated to reach USD 194.9 billion by 2025, with a healthy CAGR of 10.9% during the forecast period as the scope and its applications are rising enormously across the globe. Medical device outsourcing is a process of contracting a third party for several business purposes like supply chain management, manufacturing, prototyping, and product designing.

The factors that are playing a major role in the growth of medical device outsourcing market are the growing occurrence of disorders, growing geriatric population, the rising use of enhanced technology, and the high demand for medical devices from end-users. However, issues related to the reimbursement policy and risk of loss of private information may restrain overall market growth in the years to come. Medical device outsourcing market is segmented based on service, therapeutic area, and region.

Contract manufacturing, quality assurance, product maintenance services, regulatory affairs services, product upgrade services, product design and development services, product implementation services, and product testing & sterilization services are the services that could be explored in medical device outsourcing in the forecast period.

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Contract manufacturing sector comprises device, accessories, component, and assembly manufacturing. Regulatory affairs services sector comprise legal representation, clinical trials and product registrations, regulatory writing and publishing, and others. Product design and development services sector comprises packaging, designing & engineering, molding, and machining. The contract manufacturing sector accounted for the significant market share of medical device outsourcing and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be a reduction in the cost of production.

Based on therapeutic area, diabetes care, dental, general and plastic surgery, IVD, diagnostic imaging, endoscopy, drug delivery, ophthalmic, orthopedic, cardiology, and others could classify medical device outsourcing in the forecast period. The cardiology sector accounted for the substantial market share of medical device outsourcing and is estimated to continue its dominance in the years to come. The reason could be the growing number of patients suffering from associated conditions. Also, general and plastic surgery sector is estimated to grow at the fastest pace in the years to come.

Globally, Asia Pacific accounted for the substantial market share of medical device outsourcing and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, growing number of patients suffering from chronic diseases, the developing R&D and manufacturing set up, and low labor cost. The developing countries like India and China are the major consumers of medical device outsourcing in this region.

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North America and Europe are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at the highest CAGR in the forecast period. The key players of medical device outsourcing market are Wuxi Apptec, Integer, Freyr Solutions, Tecomet, PPD, Jabil, MAPI, Flextronics, Intertek Group, Celestica, Pace Analytical Services, Sanmina, Eurofins Scientific, Plexus, Toxikon Inc., and SGS SA. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market Segment:

Medical Device Outsourcing Service Outlook (Revenue, USD Million, 2014 - 2025)

    • Quality Assurance

    • Regulatory Affairs Services

        • Clinical trials applications and product registrations

        • Regulatory writing and publishing

        • Legal representation

        • Other

    • Product Design and Development Services

        • Designing & engineering

        • Machining

        • Molding

        • Packaging

    • Product Testing & Sterilization Services

    • Product Implementation Services

    • Product Upgrade Services

    • Product Maintenance Services

    • Contract Manufacturing

        • Accessories manufacturing

        • Assembly manufacturing

        • Component manufacturing

        • Device manufacturing

Medical Device Outsourcing Therapeutic Area Outlook (Revenue, USD Million, 2014 - 2025)

    • Cardiology

        • Class I

        • Class II

        • Class III

    • Diagnostic imaging

        • Class I

        • Class II

        • Class III

    • Orthopedic

        • Class I

        • Class II

        • Class III

    • IVD

        • Class I

        • Class II

        • Class III

    • Ophthalmic

        • Class I

        • Class II

        • Class III

    • General and plastic surgery

        • Class I

        • Class II

        • Class III

    • Drug delivery

        • Class I

        • Class II

        • Class III

    • Dental

        • Class I

        • Class II

        • Class III

    • Endoscopy

        • Class I

        • Class II

        • Class III

    • Diabetes care

        • Class I

        • Class II

        • Class III

    • Others

        • Class I

        • Class II

        • Class III

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Galacto-oligosaccharides (GOS) Market Key Players Analysis, Segmentation And Forecast Report till 2025

May 27, 2021: Global Galacto-oligosaccharides (GOS) market is anticipated to witness an exponential growth in the forecast period. Galacto-oligosaccharides (GOS), also termed as “Oligo-galactosyl lactose”, or “Trans galactic-oligosaccharides (TOS)” or “Oligogalactose”, belong to the group of prebiotics. It is a water-soluble and colorless substance which increases the shelf life by reduction of microbial contamination.

The factors that propel the growth of the galacto-oligosaccharides market include increasing attention towards excellence of food and beverages, increased awareness towards nutritional food, increasing technological innovations, changing consumer lifestyles and growing number of working women in the emerging economies. On the other hand, there are a factor that may hamper the growth of the market including stringent regulations and legislations associated with the use of prebiotic constituent

Galacto-oligosaccharides (GOS) industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The market could be explored by product type, application, and geography. Galacto oligosaccharides (GOS) market could be explored by product type as Powder Form and Liquid Form.

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The key applications that could be explored in the galacto oligosaccharides (GOS) industry include Dietary Supplements, Food & Beverages, and Others. The “Food and Beverages” segment led the galacto-oligosaccharides industry in 2017 and is anticipated to maintain its dominance by 2025. The key factors that may be attributed to the growth of market include the fact that several food manufacturers have been concentrating on e-commerce in order to cater to global demand and increasing consumers’ consciousness on account of high exposure to online sources and social media.

Europe accounted for the major share of the GOS market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high old age population, occurrence of several infant formula corporations comprising Danone, Humana, and Ordesa, significant increase with numerous companies currently planning to produce GOS mixtures, widespread R&D in the field of dietary supplements, and Japan and Europe are leading producers and consumers of GOS.

In addition, Europe is followed by Asia-Pacific and North American region owing to high urbanization, population, and growing demand for functional food products, high malnutrition rate in children and infants below the age of 5 years, increasing investment by several food companies in the region.

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Some of the key players that fuel the growth of the GOS industry comprise Royal FrieslandCampina, Yakult, Kowa, Nissin, Kerry, New Francisco Biotechnology, Ingredion, First Milk, Samyang, GTC, Taiwan Fructose, Quantum Hi-Tech, And Baolingbao. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

    • Food & Beverages

    • Dietary Supplements

    • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • Japan

    • Latin America

        • Brazil

    • Middle East & Africa

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