Refined Functional Carbohydrates Market Size
With its capacity to enhance gut health, refined functional carbohydrates market size crossed USD 220 million in 2022 and is expected to show a CAGR of 5.5% between 2023 and 2032.
To get key market trends
Growing rapidly, the usage of functional foods—including functional carbs—is generating great demand for refined functional carbohydrates and other components. Refined functional carbohydrates are often used in animal feeds to improve animal gut health and boost the immune system since gut health significantly affects cattle productivity. Moreover, highly refined carbohydrates are a main source of functional elements and energy.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Refined Functional Carbohydrates Market Size in 2022 | USD 220 Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5.7 % |
| 2032 Value Projection | USD 390 Million |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 330 |
| Segments covered | Product and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Even with COVID-19 causing havoc, farming has been a bright spot—especially in underdeveloped nations. Data from the Ministry of Finance shows that farming expanded impressingly 3.9% in India in 2021–2022. Animals need more feed to remain healthy, hence this expansion is projected to keep on. But there is a drawback. Many farmers choose whole grains over processed carbohydrates produced from yeast since they are loaded in vitamins, minerals, and protein. This may reduce the demand for Yeasts' animal feed. In addition, yeast-based allergies and diseases run the danger of making people less eager to feed animals it in. Therefore, even if animal feed is in more demand than ever, refined carbohydrates produced from yeast might not be the ideal approach to fulfill it.
Refined Functional Carbohydrates Market Analysis
Learn more about the key segments shaping this market
Having availability in cranberry, seaweed, and other natural sources, refined functional carbohydrates market size from the d-mannose product sector will reach USD 120 million by 2032. The favorable export scene has also made pig raising a profitable venture. To help pork and poultry exports from the EU, the Republic of Korea's Ministry of Agriculture, Food and Rural Affairs (MAFRA) planned to abolish long-standing trade restrictions in September 2022. Such projects are projected to spread livestock husbandry and thereby increase the use of d-mannose carbohydrates in animal feeds.
Learn more about the key segments shaping this market
The refined functional carbohydrates market share from the MOS (mannan oligosaccharides) product segment is projected to depict a 7% CAGR through 2032. The capability of this prebiotic to boost immunity, mitigate the adverse effects of mycotoxins, and bind harmful bacteria will promote industry development. Over the years, the adoption of prebiotic ingredients in the nutritional sector has also surged to enhance gut health. The rise in livestock farming will further escalate the consumption of animal feed and in turn boost the market demand.
For example, in December 2022, a new funding program was launched in the UK to provide livestock and dairy farmers a chance to obtain grants ranging up to USD 309,612 for the improvement or expansion of slurry stores. In addition, the intake of meat and milk products has also grown globally. These factors are expected to promote cattle farming and subsequently create lucrative prospects for MOS development for cattle feed applications.
Looking for region specific data?
Given the booming meat industry in Asia Pacific, refined functional carbohydrate market value is estimated to be USD 160 million by 2032. Targeting to profit on rising meat prices and the expanding demand for domestic beef by raising slaughter rates till 2023, Korean cattle farmers are based on the USDA. Such patterns will increase the acceptance of replacements for antibiotic growth promoter and drive the synthesis of refined functional carbohydrates. Furthermore becoming a natural substitute for antibiotics and reasonably priced feed components is this product.
Refined Functional Carbohydrates Market Share
Some of the leading companies operating in the refined functional carbohydrates market include
- Biofeed Technology Inc.
- Kerry Group
- Matrix Nutrition, L.L.C.
- Kemin Industries, Inc.
- Sweet Cures
- Super Beta Glucan
- STR Biotech
- Lallemand Inc.
- VWR Corporation
- EW Nutrition
- Orffa
- DuPont Danisco
These companies are incorporating strategies such as business and customer base expansions to reinforce their presence in the industry.
For instance, in June 2018, Danisco Animal Nutrition announced an 8% price hike for its animal nutrition and health solution, Betafin. The product was proven to increase lean meat yield and lower production costs through methionine and choline chloride reduction in feed formulations. This price increase was in response to the rising product demand, enabling the company to strengthen its market presence.
Impact of COVID-19 Pandemic
Despite the stability in animal feed demand, the COVID-19 crisis hit several supply chains significantly worldwide. For example, countries including Romania banned exports to non-European Union countries, thereby leading to demand-supply disruptions across the animal feed sector. Likewise, the global closure of restaurants has adversely impacted the consumption of meat products. These factors may hinder the production of animal feed ingredients and assert a negative impact on the market outlook.
The refined functional carbohydrates market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2018 to 2032 for the following segments
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Market, by Product
- MOS (Mannan Oligosaccharides)
- Cattle/Calves
- Poultry
- Swine
- Aquaculture
- Others
- Beta Glucan
- Cattle/Calves
- Poultry
- Swine
- Aquaculture
- Others
- D-Mannose
- Cattle/Calves
- Poultry
- Swine
- Aquaculture
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Malaysia
- Australia
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- UAE
- South Africa
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