Global Functional Carbohydrates Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Europe was the largest market for functional carbohydrates in 2018. This was due to an increase in health issues such as diabetes and obesity in the region

The Global Functional Carbohydrates Market is estimated to be USD 5.68 Bn in 2023 and is expected to reach USD 7.3 Bn by 2028 growing at a CAGR of 5.12%.

Polysaccharides, oligosaccharides, dietary fiber, sugar alcohols, and other functional monosaccharides are examples of functional carbohydrates. They help to improve the immune system, lower blood cholesterol levels, and regulate gut flora, among other things. Functional carbs also produce a natural, resist fermentation, have a sugar-like sweetness, extend shelf life, and so on. It has low hygroscopicity, color stability, and temperature stability. Functional carbohydrates are beneficial carbs with a low glycemic index (GI). Non-cariogenic functional carbohydrates are slowly metabolized in the body. Because of their diverse qualities, such as thickeners, emulsifiers, sweeteners, firming agents, and others, are used in various applications such as food and drinks, cosmetics, paints, construction materials, animal feed, and more.

The rise in disposable income is one of the drivers of the worldwide functional carbohydrates market. As the global economy improves and people's salaries rise, they have more money for discretionary expenditure. As a result, there is a greater need for functional carbohydrates, which are commonly employed in industries such as food and drinks, pharmaceuticals, and personal care items. With increasing disposable income, people are prepared to invest in products that provide additional health benefits, propelling the functional carbs market forward.

The high price of these products is a significant limitation for the worldwide functional carbohydrates industry. Functional carbohydrates are frequently subjected to complicated processing procedures that require specialized equipment. These variables contribute to greater production costs, which are eventually passed on to consumers. Higher functional carbohydrate pricing may dissuade price-sensitive consumers and limit market growth potential, particularly in price-sensitive regions.

The expanding animal feed industry, driven by increased meat consumption, represents a growth potential for the global functional carbohydrates market. Prebiotics and probiotics are functional carbohydrates routinely utilized in animal feed to improve gut health, digestion, and overall animal performance. As the global demand for meat products rises, so does the demand for functional carbohydrates in animal feed. This creates an opportunity for manufacturers of functional carbohydrates to cater to the rising animal feed market.

• The lack of consumer knowledge is a significant challenge for the worldwide functional carbohydrates industry. Because functional carbohydrates are new to the market, many customers may be unfamiliar with their benefits and applications. Because of this lack of understanding, adoption rates may be slower, and market expansion may be constrained. To solve this difficulty, market participants must invest in educational and marketing activities to raise knowledge of the benefits of functional carbohydrates and their potential uses in various industries.

Market Segmentations

• The Global Functional Carbohydrates Market is segmented based on Type, Application, Distribution Channel, and Geography.
• By Type, the market is classified into Isomalt, Palatinose, Cyclodextrin, Curdlan, and Others.
• Isomalt and palatinose have the most significant market share due to their capacity to give health benefits such as sustained energy supply and blood sugar level maintenance in the body. Furthermore, the rise in health and weight concerns among consumers and increased awareness regarding carbs' functions have fuelled the global functional carbohydrates market.
• By Application, the market is classified into Food & Beverages, Cosmetics & Personal Care, Pharmaceutical/Nutraceutical, and Others.
• Food & beverages have the most significant market share, owing to increased consumer focus on leading a healthy lifestyle, which raises market demand for healthy food. As a result, producers are encouraged to include these functional carbohydrates as additives in their products. Furthermore, a surge in consumer preference for functional foods will likely drive the growth of the functional carbs market during the forecast period.
• By Distribution Channel, the market is classified into Online Stores, Specialty Stores, and Others.
• The Online Stores segment dominates the Global Functional Carbohydrates Market. The key reason is the convenience and simplicity of access to a large choice of products that consumers enjoy with online businesses. Furthermore, the increasing penetration of e-commerce and internet users worldwide has contributed to this industry's rise.
• By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific.
• Due to a growth in health conditions such as diabetes and obesity, Europe was the largest market for functional carbs in 2018. Europe is experiencing a tremendous increase in livestock population, offering prospects for the functional carbohydrates industry, as they are mainly used as animal feed.

Recent Development

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Sanxinyuan Food Industry, Südzucker, Wacker Chemie, Zibo Qianhui Biological Technology, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Functional Carbohydrates Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Functional Carbohydrates Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Functional Carbohydrates Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market