Functional Carbohydrates Market to Grow by 6.57% by 2028

Rising awareness about functional carbohydrates among the consumers is driving the global market of the functional carbohydrates.

The publisher in its report on the global functional carbohydrates market has estimated that the industry will grow at a CAGR of 6.57% in the projected period 2019-2028.

The growing use of functional carbohydrates in the cosmetic industry and other industrial applications like textile and animal feed sector is also aiding the market growth.

However, market growth is restrained by the rising cost of functional carbohydrates and the easily available substitutes in the market.

Besides, the occurrence of allergies and yeast infection poses a major challenge to market growth.

The advent of functional carbohydrates in pharmaceutical products will create marketing opportunities for overall market growth. Moreover, the usage of innovative formulations in the products is set to augment the growth of the functional carbohydrates market.

REGIONAL OUTLOOK

The global market report covers the countries from North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa.

Latin America is likely to be the fastest-growing region for the functional carbohydrates market over the next coming years.

In Brazil, the growing middle-class society and their rising disposable income are the primary factors contributing to the growth of the regional market.

Consumers are willing to spend on these products as they are perceived as an aid to healthier lives.

The increasing health-consciousness among the consumers is helping in the market growth of the functional carbohydrates.

COMPETITIVE OUTLOOK

The major companies in the functional carbohydrates market are Evonik Industries AG, Fraken Biochem Co Ltd, Roquette Freres, Sudzucker AG, Zibo Qianhui Biological Technology Co Ltd, Sanxinyuan Food Industry, Foodchem International Corporation, Haihang Industry Co Ltd, Cargill Incorporated and Wacker Chemie AG.

Haihang Industry Co Ltd is a company that is a wholly-owned subsidiary of the Haihang Group.

It produces cosmetics materials and fine chemicals. Six major business categories of the company include pharmaceutical, cosmetic raw materials, catalyst and auxiliary, flavors & fragrances and additives.

Within the segment catalyst & auxiliary, it offers cyclodextrin and similarly offers palatinose and curdlan within the additives segment.

The company also offers functional carbohydrates like Isomalt, Isomaltotetraose and Isomaltitol.

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