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.
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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.
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