Moreover, rise in concern regarding appearance among consumers has fueled the demand for cosmetics such as anti-aging products. Functional carbohydrates such as hyaluronic acid and cyclodextrin, are used as an ingredient in cosmetics products such as anti-aging products and help promote a youthful appearance. Thus, these factors fuel the growth of the functional carbohydrates market. However, high price of functional carbohydrates such as Isomalt, increase the price of the final products over its substitutes such as HFCS 42, which is expected to hamper the growth of the functional carbohydrates market. On the contrary, rise in health issues has encouraged consumers to opt for products that are made from healthy ingredients, which can support their general fitness. Functional carbohydrates such as Palatinose and Isomalt, support energy and weight management, maintain the blood sugar level, and reduce the risk of heart attack. Thus, rise in awareness about these benefits is expected to persuade manufacturers to produce products that contain functional carbohydrates. This factor is anticipated to boost the functional carbohydrates market in the upcoming years.
The functional carbohydrates markets is segmented based on type, application and region. Based on type, the market is classified into Isomalt, Palatinose, Curdlan, Cyclodextrin and others. By application, it is divided into food & beverages, pharmaceutical/nutraceutical, cosmetics & personal care, and others. Based on region, the functional carbohydrates market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report include Beneo GmbH, Wacker Chemie AG, Cargill, Incorporated, Evonik Industries AG, Roquette Frères, Sanxinyuan Food Industry Corporation Limited, Haihang Industry Co., Ltd., Fraken Biochem Co. Ltd., Zibo Qianhui Biological Technology Co.,Ltd., and Foodchem International Corporation.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global functional carbohydrates market from 2019 to 2026 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes the analysis of the regional as well as the global market, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS:
By Type
o Isomalt
o Palatinose
o Cyclodextrin
o Curdlan
o Others
By Application
o Food & Beverages
o Cosmetics & Personal Care
o Pharmaceuticals/Nutraceutical
o Others
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Table of Contents
Executive Summary
According to the report titled, 'Functional Carbohydrates Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global functional carbohydrates market size was valued at $3,513.6 million in 2018 and is projected to reach $5,314.2 million by 2026, registering a CAGR of 6.1% from 2019 to 2026. Functional carbohydrates are non-cariogenic and prolong digestion owing to their slow break down. Thus, these have a low glycemic index that tends to increase the blood sugar level at a lower rate. Depending on application, the key application areas include food & beverages ,cosmetics & personal care products , pharmaceutical/nutraceutical products and others that include animal feed, paints, and construction materials.The food & beverages segment in the functional carbohydrates market is anticipated to have the highest market share during the forecast period. The rise in health issues has boosted the demand for the functional carbohydrates in various countries across the globe.
The functional carbohydrates market is driven by rise in health concern and adoption of a healthy lifestyle by the consumers. In addition, increase in the health issues globally has also driven the growth of market. Moreover, rise in consumer demand for cosmetics that are free from any toxic materials and increase in concern regarding appearance among consumers also fuel the growth of the functional carbohydrates market. In addition, increase in meat and dairy consumption leads to the rise in the animal feed industry. This has increases the demand for special ingredients such as functional carbohydrates to use in animal feed which helps in improving feed efficiency. This factor has also bolster the growth of functional carbohydrates market. However, high prices of functional foods & beverages and availability of substitutes for functional carbohydrates these factors will hamper the market growth during functional carbohydrates analysis period.
The global functional carbohydrates market is segmented based on type, application, and region. Based on type, it is classified as isomalt, palatinose, cyclodextrin, curdlan and others. By application, it comprises food & beverages, cosmetics & personal care, pharmaceuticals/nutraceuticals, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of The Functional Carbohydrates Market:
Based on type, the Isomalt and Palatinose segment accounted for the highest share in 2018, growing at a CAGR of 4.7% and 4.9% respectively from 2019 to 2026.
Based on application, the food & beverages segment accounted for about 46% of the functional carbohydrates market share in 2018 and is expected to experience growth at a CAGR of 5.6%.
Based on region, Europe accounted for about 37% of the market share in 2018 and is expected to grow at a CAGR of 5.0%.
The key players operating in the functional carbohydrates industry are Beneo GmbH, Wacker Chemie AG, Cargill, Incorporated, Evonik Industries AG, Roquette Frères, Sanxinyuan Food Industry Corporation Limited, Haihang Industry Co., Ltd., Fraken Biochem Co. Ltd., Zibo Qianhui Biological Technology Co., Ltd., and Foodchem International Corporation.
Companies Mentioned
- Beneo GmbH
- Wacker Chemie AG
- CargillInc. rporated
- Evonik Industries AG
- Roquette Frères
- Sanxinyuan Food Industry Corporation Limited
- Haihang Industry Co. Ltd.
- Fraken Biochem Co. Ltd
- Zibo Qianhui Biological Technology Co. Ltd.
- Foodchem International Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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