Fibers are the nutritive material which contains elements such as cellulose, pectin, and lignin. Whereas specialty carbohydrates are complex substances prepared from sugars such as galactose, glucose, sialic acid, L-fucose, and glucosamine. They are broadly found in products such as milk including breast milk and applied to high-end products like nutraceuticals, pharmaceuticals, plant protection products and cosmetics. It is mined from natural sources, but often struggling occurs in the availability of the resource, and complexity in extraction procedure of specialty carbohydrates. The cost for manufacturing fibers & specialty carbohydrates depends on their raw materials, which vary seasonally as these are byproducts of cereals, which are the vital source of carbohydrates. Among all its products dietary supplements are expected to have divine volume growth in forecast year.
Global Fibers & Specialty Carbohydrates Market: Market Dynamics and Restraints
The key factors that lift the market growth of global fibers & specialty carbohydrates include ever growing population and their per capita income, middle projected to promote usage of nutritionally improved foods with reduced cholesterol level, which, in return boost the market growth. Primary target consumer who changes the market scenario of global fibers & specialty carbohydrates is middle-income population. An increase in the purchasing power of middle-income population empowers them to use on dietary products which cater solution to the problems related to their active lifestyles. Many health issues such as obesity, diabetes, and cardiac disorders are spreading all over the world, and people are becoming proactive and believe in taking prevention especially middle-age population.
Global Fibers & Specialty Carbohydrates Market: Market Segmentation
The global fibers & specialty carbohydrates market is segmented into two parts based on its end use industry, and applications.
Based on the end user, the global fibers & specialty carbohydrates market is segmented into:
- Pharmaceutical Industry
- Food and Beverages
- Cosmetics Industry
- Chemical Industry
Based on the applications the global fibers & specialty carbohydrates market is segmented into:
- Functional beverage
- Functional food
- Dietary Supplements
- Animal Nutrition
- Personal Care
Global Fibers & Specialty Carbohydrates Market: Regional Outlook
Regarding geography, the fibers & specialty carbohydrates market has been categorized into seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The fibers & specialty carbohydrates market is expected to register healthy CAGR during the forecast period. Increasing awareness for pro-health food, together with the increasing high-income level of the majority of population among countries such as U.S, Canada, Mexico made North America and Latin America dominating region in the market of fibers & specialty carbohydrates. Another leading region is Eastern and Western Europe due to a rise in disposable income in countries such as France, Germany, Italy, UK, etc., the demand for dietary food is showing promising growth. Asia Pacific excluding Japan accounts emerging region because of countries such as China, India, and Australia has sufficient raw material and resources since they have significant agricultural production of high fiber content plants and oilseeds. An infrastructure of these emerging countries is advantageous for investment to a large extent. Furthermore, Southeast Asian countries such as Laos, Thailand, Vietnam, Indonesia, and Malaysia, are emerging as a major market for functional foods, this increases the number of hypermarkets, supermarket along with new product launches; this launches likely to promote the application of fibers & specialty carbohydrates in the upcoming period.
Global Fibers & Specialty Carbohydrates Market: Key players
Few of the market players accounting on global fibers & specialty carbohydrates includes Cargill Inc., Tate & Lyle, DSM, Ingredion, DM, and E.I. DuPont de Nemours and Company among others. There is the competition among the major players in this market for achieving market share. These companies are adopting several strategies such as partnership, innovative product development, expansion of existing facilities and merger and acquisition among small and big firms.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.