The worldwide functional carbohydrates market garnered $3.51 billion in 2018 and is predicted to achieve $5.31 billion by 2026, growing at a CAGR of 6.1%
PORTLAND, OREGON, UNITED STATES, September 18, 2022 /EINPresswire.com/ — The food & beverages segment within the functional carbohydrates market is anticipated to have the very best market share in the course of 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. As well as, increase within the health issues globally has also driven the expansion of market. Furthermore, rise in consumer demand for cosmetics which are free from any toxic materials and increase in concern regarding appearance amongst consumers also fuel the expansion of the functional carbohydrates market. As well as, increase in meat and dairy consumption results in the rise within the animal feed industry. This has increases the demand for special ingredients corresponding to functional carbohydrates to make use of in animal feed which helps in improving feed efficiency. This factor has also bolster the expansion of functional carbohydrates market. Nonetheless, high prices of functional foods & beverages and availability of substitutes for functional carbohydrates these aspects will hamper the market growth during functional carbohydrates evaluation period.
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Leading Market Players
Wacker Chemie AG
Evonik Industries AG
Sanxinyuan Food Industry Corporation Limited
Haihang Industry Co., Ltd.
Fraken Biochem Co. Ltd.
Zibo Qianhui Biological Technology Co., Ltd.
Foodchem International Corporation
Isomalt segment to keep up its lead status when it comes to revenue by 2026
Based on type, the isomalt segment held the biggest share in the worldwide functional carbohydrates market in 2018, contributing greater than one-fourth of the full market share, and is estimated to keep up its lead status throughout the forecast period. That is resulting from wide application as bulking agent, glazing agent & anticaking agent, and sweetener in food & beverages. However, the cyclodextrin segment is predicted to grow at the very best CAGR of 6.1% from 2019 to 2026, owing to wide applications in pharmaceutical and food industries together with usage as critical ingredient in cosmetics as anti-aging product.
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Food & beverage segment to contribute its lion’s share in the course of the forecast period
Based on application, the food & beverage segment contributed nearly half of the full share of the worldwide functional carbohydrates market in 2018, and is projected to contribute its lion’s share in the course of the forecast period. That is resulting from rise in usage of isomalt, cyclodextrin, and palatinose in wide applications within the food & beverages industry as sweetener, gel agent, stabilizer, emulsifier, and others. Contrarily, the cosmetics & personal care segment would register the biggest CAGR of 5.7% from 2019 to 2026, owing to extend in demand for usage as a solubilizing agent, covering unpleasant odor, prevention of skin irritation, and protection against heat, light and oxidation.
Europe to keep up the very best market share by 2026, North America to follow
Europe held the main market share in the worldwide functional carbohydrates market in 2018, accounting for greater than one-third of the full market share, and is estimated to keep up the very best market share in the course of the forecast period. That is resulting from increase in several health concerns corresponding to diabetes and heart attacks and preference for healthy lifestyle. North America would contribute the second-highest market share by 2026 in the worldwide functional carbohydrates market. However, LAMEA is predicted to portray the very best CAGR of 6.4% from 2019 to 2026, owing to high demand for private care products & cosmetics within the region.
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September 19, 2022, 05:38 GMT
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