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Pharmacy benefit management market
refined functional carbohydrates market Report Overview
The global refined functional carbohydrates market size was USD 204.42 million in 2021 and is expected to reach USD 307.99 million by 2027, at CAGR of 7.07% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with refined functional carbohydrates experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Refined Functional Carbohydrates (RFCs) are a group of specialized carbohydrates that have gained attention for their potential health benefits, particularly in the field of animal nutrition. These carbohydrates are typically derived from natural sources like yeast cell walls and are subjected to extensive refinement processes to isolate specific bioactive components. RFCs have been extensively researched for their role in promoting gut health and enhancing the immune system in various animal species, including poultry, swine, and aquaculture. RFCs primarily consist of complex carbohydrates, such as mannan oligosaccharides (MOS) and beta-glucans, which exhibit prebiotic properties. They serve as a food source for beneficial gut microorganisms, leading to a balanced and robust gut microbiome. This, in turn, enhances nutrient absorption and helps in reducing the risk of pathogenic infections in animals. Moreover, RFCs can also stimulate the immune system by interacting with immune cells, potentially leading to increased resistance to diseases. Due to their multifaceted benefits, RFCs have become a valuable tool in modern animal nutrition and are used as feed additives to improve overall animal health, growth performance, and productivity.
The market is a dynamic and evolving sector, marked by a steady trajectory of growth over the years. Refined functional carbohydrates, often derived from natural sources, have become increasingly popular due to their various applications in the food and pharmaceutical industries. These carbohydrates serve as essential components in a range of products, including dietary supplements, functional foods, and animal feed. The market status in recent years has shown promising growth, with a diverse range of opportunities and challenges shaping its current landscape.
COVID-19 Impact: Lockdown Caused Temporary Shortages of Vital Ingredients that Hampered the Market Growth
The COVID-19 pandemic has had a substantial impact on virtually all sectors, and the refined functional carbohydrates market was no exception. The initial outbreak led to disruptions in the supply chain and manufacturing, causing temporary shortages of these vital ingredients impeding the market growth. However, the long-term effect of the pandemic has been relatively positive for this market. Consumers have become more health-conscious, focusing on boosting their immune systems and overall well-being. This shift in consumer behavior has resulted in increased demand for products containing refined functional carbohydrates, such as dietary supplements and functional foods.
Latest Trends
"Sustainability and Natural Sourcing to Boost the Market Development."
Consumers are becoming more conscious of the environmental and ethical aspects of their purchases. Consequently, there is a growing demand for refined functional carbohydrates sourced from renewable and environmentally friendly sources. This trend is pushing manufacturers to adopt eco-friendly practices and invest in sustainable sourcing and production methods.
refined functional carbohydrates market Segmentation
- By Type Analysis
According to type, the market can be segmented into Mannan Oligosaccharides, Beta Glucan, D-Mannose.
Mannan Oligosaccharides being the leading segment of the market by type analysis.
- By Application Analysis
Based on application, the market can be divided into Cattle/Calves, Poultry, Swine, Aquaculture, Others.
Cattle/Calves being the leading segment of the market by application analysis.
Driving Factors
"Rising Awareness of The Importance of a Healthy Lifestyle and Nutrition to Drive the Market Growth"
In a world marked by an increasing prevalence of chronic diseases and a growing aging population, people are actively seeking products that can improve their health and well-being. Refined functional carbohydrates, often used in products like prebiotics, have gained popularity for their role in promoting gut health and overall vitality. This heightened awareness of the benefits of these carbohydrates is boosting their adoption in various consumer segments, from dietary supplements to infant formula.
"Expanding Applications of These Ingredients in Animal Nutrition to Drive the Market Development"
The animal feed industry is recognizing the importance of refined functional carbohydrates in promoting animal health and performance. These carbohydrates are used as alternatives to antibiotics and growth promoters, which are being phased out due to their potential health and environmental risks. Refined functional carbohydrates improve the digestive health of animals and enhance their immune systems, which, in turn, increases their overall productivity. As the agriculture and animal husbandry sectors evolve towards more sustainable and health-conscious practices, securing a larger market share within these industries.
Restraining Factor
"Regulatory Environment to Impede the Market Growth"
Despite the promising growth prospects, the market faces its set of challenges. One significant challenge is the regulatory environment. As the market grows and diversifies, regulatory bodies are paying closer attention to these ingredients to ensure safety and efficacy. Manufacturers need to navigate a complex landscape of varying regulations and standards across different regions. This can be a barrier to entry for smaller players and may slow down the overall refined functional carbohydrates market growth. Regulatory compliance requires significant investments in research and development, testing, and documentation, which can strain the resources of smaller companies.
refined functional carbohydrates market Regional Insights
"North America to dominate the Market owing to Remarkable Surge in Consumer Awareness Concerning Health and Wellness "
North America, with the U.S. and Canada at its forefront, has become a powerhouse in the market. This region's impressive growth can be attributed to several key factors, making it a significant contributor to the overall market expansion. One of the primary driving forces behind North America's success in the market is the remarkable surge in consumer awareness concerning health and wellness. This increased awareness has led to a growing demand for dietary supplements, functional foods, and various other products that incorporate refined functional carbohydrates increasing the refined functional carbohydrates market share.
Consumers in the U.S. and Canada are actively seeking out products that can enhance their overall well-being and promote a healthier lifestyle. These refined functional carbohydrates are especially appealing due to their demonstrated benefits in areas such as gut health, immune system support, and more. The trend towards organic and natural ingredients is particularly robust in North America. Consumers in this region are increasingly conscious of the environmental and health impacts of their choices. They are actively seeking products that are sourced sustainably, have minimal ecological footprints, and are free from synthetic chemicals or additives. This trend aligns perfectly with refined functional carbohydrates, which are often sourced from natural and renewable resources.
Manufacturers in North America have responded to this demand by incorporating sustainably sourced refined functional carbohydrates into a wide array of products, including organic foods and dietary supplements. This approach not only caters to the growing consumer preference for natural and eco-friendly products but also aligns with the global movement towards sustainability and responsible sourcing.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF TOP REFINED FUNCTIONAL CARBOHYDRATES COMPANIES
- EW Nutrition (Germany)
- Orffa (Netherlands)
- Danisco (Denmark)
- Sweet Cures (U.K.)
- Super beta-glucan (U.S.)
- DuPont (U.S.)
- Pet Health Solutions (U.S.)
- VWR Corporation (U.S.)
- Biofeed (U.S.)
- Matrix Nutrition (U.K.)
- STR Biotech (U.S.)
- Lallemand (Canada)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 204.42 Million in 2021 |
Market Size Value By |
US$ 307.99 Million by 2027 |
Growth Rate |
CAGR of 7.07% from 2021 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the refined functional carbohydrates market expected to touch by 2027?
The global refined functional carbohydrates market size is expected to reach USD 307.99 million by 2027.
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What CAGR is the refined functional carbohydrates market expected to exhibit by 2027?
The refined functional carbohydrates market is expected to exhibit a CAGR of 7.07% by 2027.
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Which are the driving factors of the refined functional carbohydrates market?
Rising awareness of the importance of a healthy lifestyle & nutrition and expanding applications of these ingredients in animal nutrition are the driving factors of the refined functional carbohydrates market.
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Which are the key players or most dominating companies functioning in the refined functional carbohydrates market?
The dominating companies in the refined functional carbohydrates market are EW Nutrition, Orffa, Danisco, Sweet Cures and Super beta-glucan.