DUBAI, United Arab Emirates, Feb. 07, 2022 (GLOBE NEWSWIRE) -- The global specialty carbohydrates market is set expand at a healthy 6% CAGR over the forecast period (2022-2032), reaching a valuation of US$ 11.6 Bn by 2032.
| Specialty Carbohydrates Market Size in 2022 | US$ 6.5 Bn |
| Specialty Carbohydrates Market Value in 2032 | US$ 11.6 Bn |
| Specialty Carbohydrates Market Value-based CAGR (2022 to 2032) | 6.0% |
| Specialty Carbohydrates Market Forecast Period | 2022-2032 |
Increasing consumer preference for healthier food items is propelling sales of specialty carbohydrates in the food and beverage sector. In addition to this, surging demand for high quality animal-derived products will continue pushing sales of specialty carbohydrates over the forecast period.
Specialty carbohydrates are being incorporated in functional foods and beverages and are becoming popular among health-conscious millennials. In developing countries such as India, China and Mexico, the market is gaining traction owing to an increasing population adapting gymnastics and fitness activities.
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Furthermore, specialty carbohydrates offer various health benefits due to which they are incorporated in medical supplements to treat intestinal imbalances, malnutrition, and cardiovascular diseases. Also, various market players use these carbohydrates to enhance the nutritional value of food to promote better health habits and to reduce cholesterol levels.
Moreover, owing to the rising levels of osteoarthritis, diabetes and other chronic diseases linked to obesity, awareness among consumers about fitness is growing. This is expected to be a chief driver of the global specialty carbohydrates market over the forecast period.
“Growing demand for high nutritional content in packaged food products, along with increasing applications of specialty carbohydrates in sports nutrition are expected to augment the growth of the market over the assessment period,” says the FMI analyst.
Key Takeaways:
- Based on sales channel, demand in the online retailers segment is expected to remain high over the forecast period.
- By application, functional food segment and functional beverage segment will collectively account for more than 50% of the total market share in 2022.
- North America is expected to account for 31% of the total market share by 2032.
- APAC will emerge as a lucrative pocket, with high demand in India and China.
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Scope Of Report
| Attribute | Details |
| Forecast Period | 2022-2032 |
| Historical Data Available for | 2017-2021 |
| Market Analysis | MT for Volume and USD Mn for Value |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA |
| Key Countries Covered | The U.S., Canada, Brazil, Mexico, Germany, the U.K., France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others. |
| Key Market Segments Covered | Product Types, Application, Distribution Channel, and Region |
| Key Companies Profiled | • Cargill Incorporated • Ingredion Incorporated • Tate & Lyle Plc. • Archer Daniels Midland Company • E. I. Du Pont De Nemours and Company • Koninklijke DSM N.V. • Roquette Freres • Südzucker AG Company • SunOpta • Ajinomoto Inc., • Comet Bio • J. Rettenmaier & Söhne GmbH & Co. Kg • FMC Corporation |
Competitive Landscape
Key manufacturers of specialty carbohydrates are focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to cater to a growing consumer pool. For instance:
- In 2021, the partnership of Cargill and BASF expanded to develop and innovate an enzyme-based solution for the animal feed industry
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More Valuable Insights into the Specialty Carbohydrates Market Report
Future Market Insights, in its new report, offers an impartial analysis of the global specialty carbohydrates market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on type (glucose, lactose, galactose, glucosamine), application (dietary supplements, animal nutrition, functional food, functional beverage and personal care), and distribution channel (convenience stores, specialty stores, online retailers), across seven major regions of the world.
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