Food & Beverage Industry is Expected to be a Vital Revenue Pocket for Isomalto-oligosaccharide Market – Fact.MR Study

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Isomalto-oligosaccharide. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Isomalto-oligosaccharide Market across various industries and regions.

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Isomalto-oligosaccharide Market in Numbers
• The isomalto-oligosaccharide market is estimated to witness an incremental opportunity of US$ 590 Mn between 2019 and 2029. Demand for isomalto-oligosaccharide (IMO) is set to grow unabated, as ingredients with functional and nutritional benefits gain higher interest of food manufacturers.
• The IMO market is projected to register an impressive CAGR of ~7% through 2029.
• United States will remain the leading market for IMO, as the ingredient gains traction as the holy grail for functional food manufacturers, who focus on the uptake of growing consumer preference for fiber-rich diet.
• South Asia is expected to remain the high-growth market for IMO, as consumer awareness on clean-label ingredients grows abreast rising demand for low-carb, high-fiber and high-protein foods and beverages in the region.

Competition Landscape
The isomalto-oligosaccharide market will continue to witness the consolidation of four leading players, namely, Shandong Bailong Group Co., Ltd., Baolingbao Biology, Co. Ltd, Anhui Elite Industrial Co., Ltd., and BioNeutra Global Corporation - collectively accounting for ~70% market share.

The sugar-, fat-, and calorie-reduction is a growing trend in the food & beverage industry, which has led manufacturers to focus more on new product developments and innovation. Leading players are consolidating their market position further through strategic acquisitions and collaborations.

For instance, in 2018, BioNeutra Global Corporation, a functional and health F&B ingredient manufacturer entered into a partnership with the nutritional division of LEHVOSS UK, Gee Lawson, to launch a novel isomalto-oligosaccharide product - VitaFiber(TM) IMO in Europe. In addition, key companies in IMO market are making significant investment in R&D activities, to improve the performance and functionality of IMO in animal feed.

The mid-level players, such as Shandong Tianjiao Biotech Co., Ltd., and Shijiazhuang Huachen Starch Sugar Production Co., Ltd., are eyeing geographical expansions to tap latent opportunities in developing markets. Growing focus of the market entrants on understanding consumer attitudes, knowledge, perceptions and behaviors, is likely to complement their permeation in the IMO market worldwide.

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Key Factors Shaping Growth of the Isomalto-oligosaccharide Market
• Growing production of functional foods in response to shifting customer preference for personal health and well-being has been favoring application of IMO as a key ingredient in an array of products. This falls in line with the increasing traction for nutrition-rich processed food.
• Prebiotics continue to gain high popularity as beneficial for human gut health and immune system, in turn rubbing off on the demand for IMO. Sensing the potential growth in this aspect, F&B producers are substantially leveraging the functionality of isomalto-oligosaccharide as low carb sweetener.
• High traction of fiber-rich ingredients in line with the growing health & wellness trend, has meant that consumer spending on health food products is witnessing a rise, devoid of the cost. IMO manufacturers are expected to significantly benefit from growing preference for healthy food.
• Sales of isomalto-oligosaccharide continue to gain momentum on account of the onward and upward demand for clean label ingredients in dietary supplements, and bakery & confectionery products. As food manufacturers continue to adopt ‘clean-label’ as the new norm, to attract a wider pool of consumers, demand for IMO will gain an uptick in the foreseeable future.
• Increasing awareness about the consequences of unhealthy eating has led to a significant shift in consumer preference for trans-fat products in recent years. Sensing the potential lucrativeness of low trans-fat products, food manufacturers are increasingly adopting low fat and low calorie prebiotics and sweeteners in offerings, thereby creating a significant demand for IMO.

Key Challenges in the Isomalto-oligosaccharide Market
• Pervasive permeation of probiotics as health supplements, backed by successful marketing activities, has overshadowed the prebiotics landscape, tugging sales of IMO as a consequence.
• High dose of isomalto oligosaccharide has been associated with adverse health impacts. The FDA recommends a maximum of 30 grams per day consumption of IMO. This is expected to pose a negative influence on growth of the IMO market.

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More Valuable Insights on Isomalto-oligosaccharide Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Isomalto-oligosaccharide, Sales and Demand of Isomalto-oligosaccharide, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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