PUBLISHER: Orion Market Research | PRODUCT CODE: 1159206
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159206
Global Fibers and Specialty Carbohydrates Market Size, Share & Trends Analysis Report By Application (Functional Food & Beverages, Dietary Supplements, Personal Care, Animal Nutrition, and Others(Pharmaceutical, And Nutraceutical)) By Distribution Channel (Online, and Offline)Forecast 2022-2028
The global fibers and specialty carbohydrates market is anticipated to grow at a substantial CAGR of 7.8 % during the forecast period. Fibers are indigestible ingredient, which remain unaffected during digestion. The specialty carbohydrates refer to nutraceuticals derived from prebiotics as well as probiotics products. Increasing prevalence of nutritional enrichment in food and beverages industry, along with growing awareness towards a healthy lifestyle is likely to expand the industry size over the forecast period. Further, rising aging population, coupled with increasing number of patients who is suffered from chronic diseases, has led to change in the consumers presence for food and beverages ingredients.
The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, RoundTable healthcare partners, announced the establishment of Everwell Health Holding, LLC a new well consumer health and wellness functional ingredients platform. Everwell health's mission was to add meaningful value to dietary supplements, food and beverage brands by offering substantiation functional ingredient solutions, for use in dietary supplements, food and beverages. Moreover, healthy living and emphasis on health, are becoming priority for people. Rising consumption of high-nutritional food products, includes in breakfast and consumption of fortified bread as a meal diet, is expected to have a major impact on the growth of the market.
The global fiber specialty carbohydrates market is segmented based on application, and distribution channel. Based on application , the market is sub-segmented into functional food & beverages, dietary supplements, personal care, animal nutrition, and others(pharmaceutical, and nutraceutical). Based on application, the market is further bifurcated into baking, beverage and confectionary, and others. Based on distribution channel, the market is sub-divided into online, and offline. Based on application, functional food & beverages holds the major share in global fiber specialty carbohydrates market, owing to excessive demands of the product from various bakeries, and other food manufacturers, to add fiber rich ingredients, in their end-products, which results in higher usage of functional food & beverages, in bakery items.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is the fastest growing region in global fiber specialty carbohydrates market. Avalibity of enough raw-material, and tremendous production of high fiber content plants, which are the basic raw material for fiber and carbohydrates ingredients, supporting the growth of the market in Asia-Pacific region.
The major companies serving the global fibers specialty carbohydrate market include- Amway Corp., Archer Daniels Midland Co., Nestle, Sudzucker AG., SunOpta., Danone S.A., DuPont De Nemours Inc., FMC Corp., Grain Processing Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2021, SunOpta Inc., announced an investment to expand the capacity of its food and beverages plants in Allentown, Pennsylvania. This expansion will contribute in the growth of business.
Research Methodology
The market study of the global fibers specialty carbohydrate market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers:
NUTRACEUTICAL) MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)