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2019
Functional Carbohydrates Market

Functional Carbohydrates Market

by Type (Isomalt, Palatinose, Cyclodextrin, Curdlan, and Others), Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals/Nutraceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
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Report Code: A05131
Pages: 247
Aug 2019 | 6272 Views
Author(s) : Priya , Roshan Deshmukh
Tables: 105
Charts: 62
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Functional Carbohydrates Market Outlook-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 classified as good carbohydrates with a low glycemic Index (GI). Functional carbohydrates are non-cariogenic and are slowly digested in the body. These are utilized in various applications including food & beverages, cosmetics products, paints, construction materials, animal feed and more, owing to their numerous properties such as thickener, emulsifier, sweetener, firming agent, and others. Isomalt, galactic-oligosaccharide, hyaluronic acid are among popular functional carbohydrates that are widely used for various aforementioned applications. These are available in a powder or syrup form in the market. They provide several benefits such as avoid tooth decay, maintain blood sugar level, and prevent aging to support a youthful appearance.

Functional Carbohydrates Market

The use of functional carbohydrates in various industries owing to their beneficial properties has driven the functional carbohydrates market growth. Moreover, rise in the animal feed industry due to increase in meat consumption, and better production of dairy have also driven the functional carbohydrates such as galacto–oligosaccharide, which provides excellent nutrition and improves the health of animals. This has also fueled the growth of the functional carbohydrates market. Moreover, rise in disposable income, growing concerns for personal care & personal hygiene has led to rise in demand for cosmetics & personal care products, which in turn has also driven the growth of the functional carbohydrates market. However, high price of functional carbohydrates such as isomalt, boosts the cost of production, which increases the price of the final product. This is expected to hamper the growth of the global functional carbohydrates market.

The global functional carbohydrates market is segmented based on type, application, and region. Based on type, it is classified into isomalt, palatinose, cyclodextrin, curdlan and others. Based on application, it comprises food & beverages, cosmetics & personal care, pharmaceuticals/nutraceuticals and others. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, the UK, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, and rest of LAMEA).

Based on type, functional carbohydrates market is classified as isomalt, palatinose, cyclodextrin, curdlan, and others. Isomalt and palatinose were the leading segments in 2018, due to their ability to provide health benefits such as prolonged energy supply as well as maintaining the blood sugar level in the body. In addition rise in health issues and weight concern among the consumers and increase in awareness about the functionalities of carbohydrates have also driven the functional carbohydrates market across the globe.

Functional Carbohydrates Market by Application

Based on application, the market is categorized into food & beverages, cosmetics & personal care, pharmaceutical/nutraceutical, and others. Food & beverages was the leading segment in the global market in 2018, owing to rise in consumer focus on leading a healthy lifestyle increases the demand for healthy food in the market. Thus, this encourages producers to use these functional carbohydrates as ingredients in their products. In addition, increase in consumers opting for functional food is also expected to boost the growth of the functional carbohydrates market during the forecast period.

Functional Carbohydrates Market by Region

By region, Europe was the largest market for functional carbohydrates in 2018 due to increase in health issues such as diabetes, and obesity in the region. Europe is experiencing rapid growth globally in terms of livestock population, thereby creating growth opportunities for the functional carbohydrates market as they are majorly used as animal feed. 
Some of the major players in the global functional carbohydrates industry analyzed in this report are 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 Functional Carbohydrates Market:

  • This report provides a quantitative analysis of the functional carbohydrates market trends, estimations, and dynamics of the market from 2018 to 2026 to identify the prevailing opportunity.
  • The key countries in all the major regions are mapped based on their functional carbohydrates 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.
  • A comprehensive analysis of the factors that drive and restrict the functional carbohydrates market growth is provided.
  • An in-depth analysis of the global functional carbohydrates market helps determine the prevailing market opportunities.
  • The report includes functional carbohydrates market analysis at regional and global level, key players, market segments, application areas and growth strategies.

Functional Carbohydrates Market Report Highlights

Aspects Details
By Type
  • Isomalt
  • Palatinose
  • Curdlan
  • Cyclodextrin
  • Others
By Application
  • Food & Beverages
  • Pharmaceutical/Nutraceutical
  • Cosmetics & Personal Care
  • 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)
Key Market Players Südzucker Group, 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, Foodchem International Corporation
 

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The demand for functional carbohydrates is on the rise across the globe. The market players have adopted key developmental strategies such as product launch, to fuel the growth of the functional carbohydrates market. They have introduced new product innovations to boost the demand for functional carbohydrates. Also, increase in the commercial sector has also contributed toward the growth of the functional carbohydrates market.

The rapid growth in population, surge in disposable income, increase in health concerns as well as knowledge about food safety, and rise in demand for harmless cosmetics & personal care products promotes the use of functional carbohydrates such as galacto-oligosccharide, cyclodextrin, isomalt, and others in various industries.

The trend of functional food and specialty food influences the use of functional carbohydrates. Operating players in this market prefer business expansion to provide new products to the customers. They are continuously engaged in product launches for increasing their revenue & footprint and at the same time providing solutions to the consumer’s problem. Decline in sugar consumption among the consumers owing to rise in health issues is expected to increase the demand for sugar-free products such as palatinose and isomalt. Thus, this is attributed to boost the growth of the functional carbohydrates market in the future. Furthermore, eco-friendly products is witnessing an increased demand for functional carbohydrates such as N-Acetyl glucosamine due to growth in environmental awareness among the consumers.

Availability of substitutes & high prices are the main challenges faced by the manufacturers, which hamper the growth of the functional carbohydrates market.

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