Vendors performance in the global galacto-oligosaccharide market?

The global galacto-oligosaccharide market is expected to grow at a CAGR of 9.76% during the forecast period. Some of the prominent vendors in the global galacto-oligosaccharide market include Baolingbao Biology Co. Ltd., Clasado BioSciences, Fonterra Co-operative Group Ltd., Ingredion Inc., Lactose (India) Ltd., New Francisco (Yunfu City) Biotechnology Corp. Ltd., Nissin Sugar Co. Ltd., Quantum Hi-Tech (China) Biological co. Ltd., Royal FrieslandCampina NV, and Yakult Honsha Co. Ltd. among others.

Vendors are focusing on M&A and partnerships to strengthen their market position. For instance, Baolingbao Biology Co. Ltd., in January 2017, the company signed an agreement to acquire 11.4% stake in China Regenerative Medicine. Ingredion Inc., in March 2019, the company announced that it had acquired the operations of Western Polymer, a privately held, US-based company headquartered in Moses Lake, Washington, that produces native and modified potato starch products for food and industrial applications and sells modified tapioca starch for industrial applications.

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Nissin Sugar Co. Ltd., in August 2019, Nissin agreed to acquire Oji Sugar Co. Ltd. Quantum Hi-Tech (China) Biological co. Ltd., in November 2018, the company entered into a partnership with Jinan University. According to the agreement, Quantum Bio and Jinan University would cooperate in medical research, talent training, and micro-ecology technologies industrialization and related fields. Hence, the growing number of M&A and partnerships is expected to augment the growth of the global galacto-oligosaccharide market during the forecast period.