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Refined Functional Carbohydrates Market Size

  • Report ID: GMI3442
  • Published Date: Feb 2023
  • Report Format: PDF

Refined Functional Carbohydrates Market Size

Refined Functional Carbohydrates Market size crossed USD 220 million in 2022 and is anticipated to exhibit a CAGR of 5.5% between 2023 and 2032, considering the product’s capability to improve gut health.

 

Refined Functional Carbohydrates Market

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The consumption of functional foods, such as functional carbohydrates, is growing steadily, creating significant demand for refined functional carbohydrates and other ingredients. Since gut health plays a significant role in livestock production, refined functional carbohydrates are commonly utilized in animal feeds to enhance animal gut health and strengthen the immune system in livestock. Furthermore, highly refined carbs also represent a key source of energy and functional ingredients.

 

Following the numerous disruptions caused by the COVID-19 pandemic, the agriculture sector has shown resilience, especially in emerging nations. Based on the 2021-22 Economic Survey data from the Ministry of the Union Finance & Corporate Affairs, in 2021-2022, the agriculture sector grew by 3.9% in India, even despite setbacks due to the pandemic. Such factors will fuel the demand for animal feed yeasts and boost product usage to meet the dietary requirements of animals. However, high vitamin, mineral, and protein content in whole grains is leading to greater preference for these ingredients, limiting the demand for refined carbs derived from yeast. Furthermore, the risk of yeast infection and allergies may negatively impact the refined functional carbohydrates market outlook.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of refined functional carbohydrates reached USD 220 million in 2022 and will depict over 5.5% CAGR through 2023-2032, given the product’s capability to improve gut health and the immune system.

The mannan oligosaccharides product segment is set to depict a 7% CAGR through 2023- 2032, considering the product’s capability to boost immunity, lower the adverse effects of mycotoxins, and bind harmful bacteria.

The industry value for refined functional carbohydrates in APAC is set to exceed USD 160 million by 2032, on account of the thriving meat production sector in the region.

Key players in the market include Kerry Group, Matrix Nutrition, L.L.C., Kemin Industries, Inc., Sweet Cures, Super Beta Glucan, Lallemand Inc., EW Nutrition, DuPont Danisco, and VWR Corporation, among others.

Refined Functional Carbohydrates Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 330
  • Countries covered: 20
  • Pages: 200
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