Functional Carbohydrates Market Forecast: $5.3 Billion by 2026 with 6.1% CAGR - Major Players Include Wacker Chemie AG and Evonik Industries

According to a new report published by Allied Market Research, titled, "Functional Carbohydrates Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026," the 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.

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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.

The food & beverages segment in the functional carbohydrates market is anticipated to have the highest market share during 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. In addition, increase in the health issues globally has also driven the growth of market. Moreover, rise in consumer demand for cosmetics that are free from any toxic materials and increase in concern regarding appearance among consumers also fuel the growth of the functional carbohydrates market. In addition, increase in meat and dairy consumption leads to the rise in the animal feed industry. This has increases the demand for special ingredients such as functional carbohydrates to use in animal feed which helps in improving feed efficiency. This factor has also bolster the growth of functional carbohydrates market. However, high prices of functional foods & beverages and availability of substitutes for functional carbohydrates these factors will hamper the market growth during functional carbohydrates analysis period.

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The global functional carbohydrates market is segmented based on type, application, and region. Based on type, it is classified as isomalt, palatinose, cyclodextrin, curdlan and others. By application, it comprises food & beverages, cosmetics & personal care, pharmaceuticals/nutraceuticals, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/248a4159377365b10092e2cbca26552e

Key Findings of The Functional Carbohydrates Market:

Based on type, the Isomalt and Palatinose segment accounted for the highest share in 2018, growing at a CAGR of 4.7% and 4.9% respectively from 2019 to 2026.

Based on application, the food & beverages segment accounted for about 46% of the functional carbohydrates market share in 2018 and is expected to experience growth at a CAGR of 5.6%.

Based on region, Europe accounted for about 37% of the market share in 2018 and is expected to grow at a CAGR of 5.0%.

The key players operating in the functional carbohydrates industry are 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., and Foodchem International Corporation.

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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Ascorbic Acid Market- https://www.alliedmarketresearch.com/ascorbic-acid-market-A07444

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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.

This release was published on openPR.