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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.
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.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Refined Functional Carbohydrates Market Size in 2022: | USD 220 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.7 % |
2032 Value Projection: | USD 390 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 330 |
Segments covered: | Product and Region |
Growth Drivers: | |
Pitfalls & Challenges: |
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.