Market By Type, Application And Geography | Forecast 2019-2028
The global functional carbohydrates market is anticipated to rise with a CAGR of 6.57% during the forecast period 2019-2028. The market, that was valued $3331.37 million in 2018, is expected to rise to a revenue of about $7053.32 million by the year 2028.
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Functional carbohydrates help to decrease blood-lipid levels and strengthen the immunity, rather than supplying energy to the body. These carbohydrates break down slowly to prolong digestion and are non-cariogenic. An increase in health issues globally has also driven the market.Â
Triton Market Research's report on the functional carbohydrates market provides an in-depth insight of the market. The detailed analysis of the market includes key market insights, Porter's five force analysis, key impact analysis, and market attractiveness index.
Factors such as the rising demand for functional carbohydrates in cosmetic products, the growing use of functional carbohydrates in industrial applications, rising functional carbohydrates awareness amongst consumers are the major drivers of the market growth. Functional carbohydrates have wide applications in different industries such as the textile industry, cosmetics & personal care industry, animal feed industry and others. For instance, curdlan is a functional carbohydrate with unusual physical properties such as its solubility in dimethyl sulfoxide (DMSO) & aqueous alkali solutions and the ability to be stable in a freeze-thawing condition, unlike konjac and agar-agar. This makes it suitable to be used in food, pharmaceutical, and other industries. An increase in demand from various end-user industries for different applications has driven the growth of the functional carbohydrates market.
Furthermore, functional carbohydrates in pharmaceutical products and innovative formulas in products are expected to act as some opportunities for the market. Sugar alcohols offer a sweet taste, are often used as a substitute for sugar, and are commonly used in combination with other artificial sweeteners. Formulation of new products by combining sugar alcohols with other sweeteners having low GI, fewer calories and being non- cariogenic can be an opportunity for the manufacturers. For instance, Beneo GmbH manufactured a product by combining isomalt and stevia, which provides a sugarlike taste along with better nutritional as well as health benefits. Both the combined ingredients have a low GI, fewer calories and are non-cariogenic. Hence, this fact supports the formulation of newer healthy and balanced sweetening products. The above-mentioned factors are expected to boost the growth of functional carbohydrates in the future.
Furthermore, allergies & yeast infection, the rising cost of functional products and the availability of functional carbohydrates substitutes are some of the key restraining factors of the functional carbohydrates market. The availability of substitutes is projected to hamper the functional carbohydrates market in the future. For instance, Cyclamate is a substitute for isomalt and is an artificial sweetener with zero-calorie, zero GI, as well as is non-cariogenic, and is among the cheapest sweeteners. This is expected to restrain the functional carbohydrates market in the coming years.
Key geographies covered in the global functional carbohydrates market are:
•          North America: United States and Canada
•          Europe: United Kingdom, France, Germany, Spain, Italy, Russia and Rest of Europe
•          Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries and Rest of Asia-Pacific
•          Latin America: Brazil, Mexico and Rest of Latin America
•          Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa and Rest of Middle East & Africa
The segmentation analysis of the functional carbohydrates market includes:
•   Based on Application :
o   Food & Beverage
o   Pharmaceutical/Nutra
o   Cosmetics & Personal Care
o   Other Application
•   Based on Type:
o   Isomalt
o   Palatinose
o   Cyclodextrin
o   Curdlan
o   Others
The key companies profiled in the report include Foodchem International Corporation, Sudzucker AG, Wacker Chemie AG, Haihang Industry Co Ltd, Fraken Biochem Co Ltd, Evonik Industries AG, Cargill Incorporated, Zibo Qianhui Biological Technology Co Ltd, Roquette Freres and Sanxinyuan Food Industry.
1.   GLOBAL FUNCTIONAL CARBOHYDRATES MARKET - SUMMARY  Â
2.   INDUSTRY OUTLOOK
2.1. MARKET DEFINITIONÂ Â Â Â Â
2.2. KEY INSIGHTSÂ Â Â Â Â Â
2.2.1.  FOOD & BEVERAGE LEADS AMONGST APPLICATIONS  Â
2.2.2.  EUROPE LEADS IN THE FUNCTIONAL CARBOHYDRATES MARKET   Â
2.2.3.  ISOMALT LEADS THE FUNCTIONAL CARBOHYDRATES MARKET IN TYPE   Â
2.3. PORTER’S FIVE FORCE ANALYSIS  Â
2.3.1.  THREAT OF NEW ENTRANTS  Â
2.3.2.  THREAT OF SUBSTITUTE          Â
2.3.3.  BARGAINING POWER OF SUPPLIERS
2.3.4.  BARGAINING POWER OF BUYERS    Â
2.3.5.  THREAT OF COMPETITIVE RIVALRY Â
2.4. MARKET ATTRACTIVENESS INDEXÂ Â
2.5. VENDOR SCORECARDÂ
2.6. MARKET DRIVERSÂ Â Â Â Â Â Â Â Â
2.6.1.  FUNCTIONAL CARBOHYDRATES AWARENESS AMONGST CONSUMERS    Â
2.6.2.  DEMAND FOR FUNCTIONAL CARBOHYDRATES IN THE COSMETIC PRODUCTS  Â
2.6.3.  USE OF FUNCTIONAL CARBOHYDRATES IN INDUSTRIAL APPLICATIONS   Â
2.7. MARKET RESTRAINTSÂ Â
2.7.1.  RISING COST OF FUNCTIONAL PRODUCTS
2.7.2.  AVAILABILITY OF FUNCTIONAL CARBOHYDRATES SUBSTITUTES    Â
2.8. MARKET OPPORTUNITIESÂ Â Â Â Â Â Â
2.8.1.  FUNCTIONAL CARBOHYDRATES IN PHARMACEUTICAL PRODUCTSÂ
2.8.2.  INNOVATIVE FORMULAS IN PRODUCTS      Â
2.9. MARKET CHALLENGES
2.9.1.  ALLERGIES AND YEAST INFECTION
2.9.2.  IMPACT OF COVID-19 ON FUNCTIONAL CARBOHYDRATES     Â
3.   GLOBAL FUNCTIONAL CARBOHYDRATES MARKET OUTLOOK - BY TYPE         Â
3.1. ISOMALTÂ Â Â Â
3.2. PALATINOSEÂ Â Â Â Â Â Â Â
3.3. CYCLODEXTRINÂ Â
3.4. CURDLANÂ
3.5. OTHERSÂ Â Â Â Â
4.   GLOBAL FUNCTIONAL CARBOHYDRATES MARKET OUTLOOK - BY APPLICATION     Â
4.1. FOOD & BEVERAGEÂ Â Â Â Â Â
4.2. PHARMACEUTICAL/NUTRAÂ Â Â Â Â
4.3. COSMETICS &PERSONAL CAREÂ Â Â Â Â Â Â
4.4. OTHER APPLICATIONÂ Â Â Â
5.   GLOBAL FUNCTIONAL CARBOHYDRATES MARKET – REGIONAL OUTLOOK     Â
5.1. NORTH AMERICA
5.1.1.  MARKET BY TYPE
5.1.2.  MARKET BY APPLICATION       Â
5.1.3.  COUNTRY ANALYSIS     Â
5.1.3.1. UNITED STATESÂ Â Â Â Â Â Â
5.1.3.2. CANADAÂ Â Â Â Â Â Â Â Â
5.2. EUROPEÂ Â Â Â
5.2.1.  MARKET BY TYPE
5.2.2.  MARKET BY APPLICATION       Â
5.2.3.  COUNTRY ANALYSIS     Â
5.2.3.1. UNITED KINGDOMÂ Â Â Â
5.2.3.2. GERMANYÂ Â Â Â Â Â
5.2.3.3. FRANCEÂ Â Â Â Â Â Â Â Â Â
5.2.3.4. SPAINÂ Â
5.2.3.5. ITALYÂ Â Â Â
5.2.3.6. RUSSIA
5.2.3.7. REST OF EUROPEÂ Â Â
5.3. ASIA-PACIFICÂ Â Â Â Â Â Â
5.3.1.  MARKET BY TYPE
5.3.2.  MARKET BY APPLICATION       Â
5.3.3.  COUNTRY ANALYSIS     Â
5.3.3.1. CHINAÂ Â
5.3.3.2. JAPANÂ
5.3.3.3. INDIAÂ Â Â Â
5.3.3.4. SOUTH KOREAÂ Â Â Â Â Â Â Â Â
5.3.3.5. ASEAN COUNTRIES
5.3.3.6. AUSTRALIA & NEW ZEALANDÂ Â Â Â Â Â
5.3.3.7. REST OF ASIA-PACIFICÂ Â Â Â Â Â
5.4. LATIN AMERICAÂ Â
5.4.1.  MARKET BY TYPE
5.4.2.  MARKET BY APPLICATION       Â
5.4.3.  COUNTRY ANALYSIS     Â
5.4.3.1. BRAZIL
5.4.3.2. MEXICOÂ Â Â Â Â Â Â Â Â Â Â
5.4.3.3. REST OF LATIN AMERICAÂ
5.5. MIDDLE EAST AND AFRICAÂ Â Â Â Â
5.5.1.  MARKET BY TYPE
5.5.2.  MARKET BY APPLICATION       Â
5.5.3.  COUNTRY ANALYSIS     Â
5.5.3.1. UNITED ARAB EMIRATESÂ Â
5.5.3.2. TURKEYÂ Â Â Â Â Â Â Â Â Â
5.5.3.3. SAUDI ARABIAÂ Â Â Â Â Â Â Â Â Â
5.5.3.4. SOUTH AFRICAÂ Â Â Â Â Â Â Â Â
5.5.3.5. REST OF MIDDLE EAST & AFRICAÂ Â Â Â Â Â Â Â Â Â
6.   COMPETITIVE LANDSCAPE
6.1. SUDZUCKER AGÂ
6.2. WACKER CHEMIE AGÂ Â Â Â
6.3. CARGILL INCORPORATEDÂ Â Â Â Â Â Â
6.4. EVONIK INDUSTRIES AGÂ Â Â Â Â Â Â Â Â Â
6.5. ROQUETTE FRERESÂ Â Â Â Â
6.6. SANXINYUAN FOOD INDUSTRYÂ Â Â Â Â Â Â Â Â
6.7. FRAKEN BIOCHEM CO LTDÂ Â Â Â Â Â
6.8. ZIBO QIANHUI BIOLOGICAL TECHNOLOGY CO LTDÂ Â Â Â Â Â Â Â
6.9. FOODCHEM INTERNATIONAL CORPORATIONÂ Â Â Â Â Â
6.10. HAIHANG INDUSTRY CO LTD
7.   METHODOLOGY & SCOPE Â
7.1. RESEARCH SCOPEÂ Â Â Â Â Â Â
7.2. SOURCES OF DATAÂ Â Â Â Â Â Â
7.3. RESEARCH METHODOLOGYÂ Â
TABLE 1: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 4: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 5: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA FUNCTIONAL CARBOHYDRATES MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA FUNCTIONAL CARBOHYDRATES MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA FUNCTIONAL CARBOHYDRATES MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 9: EUROPE FUNCTIONAL CARBOHYDRATES MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 10: EUROPE FUNCTIONAL CARBOHYDRATES MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 11: EUROPE FUNCTIONAL CARBOHYDRATES MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC FUNCTIONAL CARBOHYDRATES MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC FUNCTIONAL CARBOHYDRATES MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC FUNCTIONAL CARBOHYDRATES MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 15: LATIN AMERICA FUNCTIONAL CARBOHYDRATES MARKET, COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 16: LATIN AMERICA FUNCTIONAL CARBOHYDRATES MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 17: LATIN AMERICA FUNCTIONAL CARBOHYDRATES MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 18: MIDDLE EAST AND AFRICA FUNCTIONAL CARBOHYDRATES MARKET, COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 19: MIDDLE EAST AND AFRICA FUNCTIONAL CARBOHYDRATES MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 20: MIDDLE EAST AND AFRICA FUNCTIONAL CARBOHYDRATES MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
FIGURE 1: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY FOOD & BEVERAGE, 2019-2028 (IN $ MILLION)
FIGURE 2: EUROPE FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 3: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY ISOMALT, 2019-2028 (IN $ MILLION)
FIGURE 4: PORTER’S FIVE FORCE ANALYSIS
FIGURE 5: MARKET ATTRACTIVENESS INDEX
FIGURE 6: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY ISOMALT, 2019-2028 (IN $ MILLION)
FIGURE 7: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY PALATINOSE, 2019-2028 (IN $ MILLION)
FIGURE 8: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY CYCLODEXTRIN, 2019-2028 (IN $ MILLION)
FIGURE 9: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY CURDLAN, 2019-2028 (IN $ MILLION)
FIGURE 10: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)
FIGURE 11: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY FOOD & BEVERAGE, 2019-2028 (IN $ MILLION)
FIGURE 12: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY PHARMACEUTICAL/NUTRA, 2019-2028 (IN $ MILLION)
FIGURE 13: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY COSMETICS &PERSONAL CARE, 2019-2028 (IN $ MILLION)
FIGURE 14: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, BY OTHER APPLICATION, 2019-2028 (IN $ MILLION)
FIGURE 15: GLOBAL FUNCTIONAL CARBOHYDRATES MARKET, REGIONAL OUTLOOK, 2018 & 2028 (IN %)
FIGURE 16: UNITED STATES FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 17: CANADA FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 18: UNITED KINGDOM FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 19: GERMANY FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 20: FRANCE FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 21: SPAIN FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 22: ITALY FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 23: RUSSIA FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 24: REST OF EUROPE FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 25: CHINA FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 26: JAPAN FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 27: INDIA FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 28: SOUTH KOREA FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 29: ASEAN COUNTRIES FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 30: AUSTRALIA & NEW ZEALAND FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 31: REST OF ASIA-PACIFIC FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 32: BRAZIL FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 33: MEXICO FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 34: REST OF LATIN AMERICA FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 35: UNITED ARAB EMIRATES FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 36: TURKEY FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 37: SAUDI ARABIA FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 38: SOUTH AFRICA FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)
FIGURE 39: REST OF MIDDLE EAST & AFRICA FUNCTIONAL CARBOHYDRATES MARKET, 2019-2028 (IN $ MILLION)