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Functional Carbohydrates Market is Thriving Worldwide by 2026

05-12-2023 12:27 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Functional Carbohydrates Market

Functional Carbohydrates Market

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 non-cariogenic and prolong digestion owing to their slow break down. Thus, these have a low glycemic index that tends to increase the blood sugar level at a lower rate. Depending on application, the key application areas include food & beverages ,cosmetics & personal care products , pharmaceutical/nutraceutical products and others that include animal feed, paints, and construction materials.

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Increase in awareness regarding functionalities of carbohydrates among consumers, rise in usage in the cosmetic industry, and widespread industrial applications drive the growth of the global functional carbohydrates market. However, surge in final prices of functional food & beverages and availability of substitutes hinder the market growth. On the other hand, rise of the pharmaceutical industry worldwide and growing innovation for formulating products create opportunities in the industry.

Leading Market Players

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.
Foodchem International Corporation

Isomalt segment to maintain its lead status in terms of revenue by 2026

Based on type, the isomalt segment held the largest share in the global functional carbohydrates market in 2018, contributing more than one-fourth of the total market share, and is estimated to maintain its lead status throughout the forecast period. This is due to wide application as bulking agent, glazing agent & anticaking agent, and sweetener in food & beverages. On the other hand, the cyclodextrin segment is expected to grow at the highest CAGR of 6.1% from 2019 to 2026, owing to wide applications in pharmaceutical and food industries along with usage as critical ingredient in cosmetics as anti-aging product.

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Food & beverage segment to contribute its lion's share during the forecast period

Based on application, the food & beverage segment contributed nearly half of the total share of the global functional carbohydrates market in 2018, and is projected to contribute its lion's share during the forecast period. This is due to rise in usage of isomalt, cyclodextrin, and palatinose in wide applications in the food & beverages industry as sweetener, gel agent, stabilizer, emulsifier, and others. Contrarily, the cosmetics & personal care segment would register the largest CAGR of 5.7% from 2019 to 2026, owing to increase in demand for usage as a solubilizing agent, covering unpleasant odor, prevention of skin irritation, and protection against heat, light and oxidation.

Europe to maintain the highest market share by 2026, North America to follow

Europe held the major market share in the global functional carbohydrates market in 2018, accounting for more than one-third of the total market share, and is estimated to maintain the highest market share during the forecast period. This is due to increase in several health concerns such as diabetes and heart attacks and preference for healthy lifestyle. North America would contribute the second-highest market share by 2026 in the global functional carbohydrates market. On the other hand, LAMEA is expected to portray the highest CAGR of 6.4% from 2019 to 2026, owing to high demand for personal care products & cosmetics in the region.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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