In 2015, the global fibers and specialty carbohydrates market was worth over 1,000,000 tons. In light of growing awareness about a healthier lifestyle, the industry is expected to grow in size in the future.
Fibers are indigestible substances that remain unchanged during digestion and absorption in small intestine. There is partial or complete fermentation in large intestine. Specialty carbohydrates are nutraceuticals that are derived from probiotics and prebiotics.
Volume of the UK specialty carbohydrate and fiber market, according to application, 2013-2024 (Kilo Tons).
Food & Beverage manufacturers have increased their expenditure on nutraceutical ingredients in recent years to increase the nutritional value of final products. Companies like Cadbury, Kellogg and Danone are spending more to create new functional foods. These positive trends will play an important role in promoting the importance of specialty carbohydrate and dietary fibers in the coming years.
Market growth is expected to be driven by the introduction of new advertisements for brand promotion by companies like Pfizer.
The market for specialty carbs and fibers will be affected by the rising demand for products such as phytochemicals, carotenoids, and other nutraceutical ingredients. Industry participants are expected to set up their strategic business units within the area over the next eight year, despite having easy access to raw material and a positive outlook on the Chinese functional foods sector.
The highest demand for fibers and specialty carbohydrates was in dietary supplements, accounting for 37.1% total volume in 2015. The rising importance of health and wellness in consumers in developing countries such as China, Mexico and the Middle East due to the increasing number of gyms and fitness centers will likely increase the demand for dietary supplements.
The forecast period will see a rise in sales of dietary supplements to treat and prevent malnutrition. The positive trends in the dietary supplement market are expected to drive the demand for specialty carbohydrates and dietary fibers over the forecast period.
With new product launches in segments such as hydration drinks and weight management syrups, functional beverages are expected to see volume growth of 6.5% between 2016-2024. In the coming years, fiber demand will increase due to increasing awareness about calorie reduction and rising concerns about obesity and other cardiovascular diseases.
In 2015, fibers and specialty carbohydrates were 142.6 kilotons. This is expected to grow as a result of growing concerns about diseases associated with cattle and swine species within the feed sector.
North America was responsible for 33.9% in 2015 of total fibers and specialty carbohydrates volume. The high adoption rates of dietary fibers in food and beverage sectors in North America and Canada due to easy access to technology will likely continue to be a positive factor. The emergence of Mexico as an industrial base for functional foods items due to rising domestic consumption and easy accessibility to raw materials, including chicory roots, is expected to open up new markets over the forecast period.
Asia Pacific will be the fastest-growing market in volume with a CAGR 8.8% between 2016 and 2024. The demand for specialty carbs and fibers will increase over the next eight year due to changes in lifestyles, population growth and rising disposable income in India and China. The market is expected to grow due to India and Korea's active participation in sports over the forecast period.
Tate & Lyle Plc and ADM are key fibers & specialty carbohydrate manufacturers. Du Pont, DSM, Ingredion Incorporated, Roquette Freres, Sudzucker AG Company. Over the forecast period, product innovation and strategic partnerships with distribution channels will remain key success factors.
Up Market Research published a new report titled “Fibers And Specialty Carbohydrates Market research report which is segmented by Application (Personal Care, Animal Nutrition, Dietary Supplements, Functional Beverage, Functional Food), By Players/Companies S¼dzucker AG Company Product innovation and formation of strategic partnerships with distribution channels are expected to remain critical success factors over the forecast period, Tate & Lyle Plc, ADM, Ingredion Incorporated, Cargill Incorporated Du Pont, DSM, Roquette Freres”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Fibers And Specialty Carbohydrates Market Research Report |
By Application | Personal Care, Animal Nutrition, Dietary Supplements, Functional Beverage, Functional Food |
By Companies | S¼dzucker AG Company Product innovation and formation of strategic partnerships with distribution channels are expected to remain critical success factors over the forecast period, Tate & Lyle Plc, ADM, Ingredion Incorporated, Cargill Incorporated Du Pont, DSM, Roquette Freres |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 232 |
Number of Tables & Figures | 163 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Personal Care, Animal Nutrition, Dietary Supplements, Functional Beverage, Functional Food).
Fibers And Specialty Carbohydrates Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Fibers And Specialty Carbohydrates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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