According to Future Market Insights (FMI), the refined functional carbohydrates market is set to experience substantial growth, reaching an estimated value of US$ 404.81 million by 2033. The market is projected to grow at a CAGR of 5.7% between 2023 and 2033, following a historical CAGR of 4.9% from 2017 to 2022. In 2023, the market is valued at US$ 232.54 million.
The demand for refined functional carbohydrates is on the rise, driven by the increasing consumption of functional foods. These carbohydrates play a crucial role in enhancing gut health and immunity in livestock, making them a common addition to animal feeds. The market’s growth is fueled by factors such as the expansion of the animal feed industry, rising demand for nutrition-rich food products, and a global increase in disposable income.
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Refined functional carbohydrates, derived from yeast, are utilized in animal nutrition to promote natural growth, improve gut health, and enhance immune function. As awareness of their health benefits grows, the market witnesses a surge in demand, particularly in the context of increasing livestock populations and the rising demand for animal by-products.
Growing Factors:
One of the key drivers of market growth is the focus on rising dairy production standards. Refined functional carbohydrates play a vital role in maintaining gut health, preventing animals from contracting diseases, and improving livestock immune systems. The market is segmented based on product types, with mannan oligosaccharides projected to thrive at a 6.8% CAGR through 2033, contributing to the market’s development with its prebiotic properties.
Key Takeaways from Market Study
- The refined functional carbohydrates market is expected to record a CAGR of 5.7% over the forecast period.
- The Mannan oligosaccharides product segment is forecast to register a 6.8% CAGR through 2033.
- The United States is likely to have a significant market share of 89.9% in the North America region.
- South Korea accounts for 65.0% of the market share in the Asia Pacific in 2023.
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Investor Focus:
Investors eyeing the B2B industry, especially in animal nutrition, can capitalize on the refined functional carbohydrates market’s anticipated growth. With a strategic emphasis on research and development, companies like Anpario and Adisseo are actively contributing to the market’s expansion, making it a lucrative investment opportunity.
Competitive Landscape:
Companies operating in the global market are focusing on product launches with various claims to meet emerging consumer demands. Refined carbohydrates are also becoming increasingly popular as an ingredient in products. For instance, products such as white bread, white flour, pasta, and white wine, among others.
Several prominent companies that dominate this market, including refined functional carbohydrates, are DuPont Danisco, Lallemand, Orffa, VWR Corporation, Super Beta Glucan, Pet Health Solutions, and others.
Recent Developments:
- A new funding program for the improvement or expansion of livestock and dairy slurry stores was launched in December 2022. This program enables livestock and dairy farmers to apply for grants of up to US$ 309,612.
- Korea’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) decided to remove longstanding trade barriers in September 2022. Removal of this trade barrier can improve pork and poultry exports to the European Union. By adopting such initiatives, livestock farming may be boosted, resulting in greater utilization of D-mannose carbohydrates in animal feed.
Market Segmentation by Category
By Product:
- Mannan Oligosaccharides
- Beta-glucan
- D-Mannose
By Application:
- Cattle/Calves
- Poultry
- Swine
- Aquaculture
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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