Global Refined Functional Carbohydrates Market, By Product (Mannan Oligosaccharides, Beta Glucan,D-Mannos) ,By Application (Cattle/Claves ,Poultry, Swine, Aquaculture, Other) and opportunities and forecast 2020-2027
Refined Functional Carbohydrates Market Overview
The global refined functional carbohydrates industry is predicted to witness gains due to the growing production of cattle feed, swine feed, and aquafeed and therefore the high demand for processed meat and fish products in several key regional markets. Growing personal income levels and rising awareness about the health benefits offered by food products with refined functional carbohydrates are predicted to fuel the general industry landscape.
In addition, Rising personal income and increasing awareness about the health benefits of food products with refined functional carbohydrates are the main factors fostering the expansion of the refined functional carbohydrates market. Rising expenditure on research and development proficiencies for agro genomics is another important factor acting as a refined functional carbohydrates market growth determinant. Increasing the appliance of refined functional carbohydrates in animal nutrition globally to market natural growth will further create lucrative growth opportunities for the refined functional carbohydrates market. Increasing livestock population including increasing demand for animal-by products will induce growth within the refined functional carbohydrates market price. Growth within the standard and quality of dairy production will indirectly promote the expansion rate of the refined functional carbohydrates market.
Supply chain management and preservations capacity can be restraining market growth, because of there is less number of cold storage and preservations centers and need to huge cost for construction of centers so that not affordable to anyone.
Covid-19 Impact on Refined Functional Carbohydrates Market:
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world.
D-Mannose is extensively utilized within the poultry industry because of its capability to reduce carbohydrate deficiency and prevent urinary tract infections. These products promote the expansion of healthy bacteria and enhance the general balance of nutrients within the body. It helps in treating UTIs by binding bacteria that might attach to the urinary tract lining. Rising demand for poultry meat globally alongside growing inclination towards natural antibiotics is probably going to accelerate the refined functional carbohydrates market statistics in poultry applications.
The poultry sector is among the fastest-growing meat sectors within the region, due to lower prices of poultry meat as compared to other meat products and therefore the rise in poultry meat consumption. The expansion within the poultry sector within the region should propel the demand for refined functional carbohydrates.
Market Analysis, Insights and Forecast – By Product · Mannan Oligosaccharides · Beta Glucan · D-Mannose
Market Analysis, Insights and Forecast – By Application · Cattle/Claves · Poultry · Swine · Aquaculture · Other
Region-wise, in terms of regions, North America spearheads the refined functional carbohydrates market and can still flourish its trend of dominance during the forecast period. The U.S. and Canada have emerged to become the main contributors from this region due to the increased demand for animal protein within the country. Asia-Pacific is additionally set to project the highest growth rate during the forecast period. this means that the region will score the highest compound annual rate of growth for the forecast period. this can be due to the growing awareness, growth of meat industry and increasing demand for antibiotic animal growth promoters.
Refined Functional Carbohydrates Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Some key developments and strategies adopted by manufacturers in the Refined Functional Carbohydrates are highlighted below.
· In December 2020, Danstar Ferment AG, a subsidiary of Lallemand Inc purchased Biotec BetaGlucans AS (BBG). BBG operated as a wholly-owned subsidiary of the ArticZymes Technologies ASA Company and focuses on the assembly, development, and distribution of beta-glucan products that are produced from yeast cell walls. The high purity beta-glucan products are sold as immune ingredients in aquaculture and for human health supplements.