The global functional carbohydrates market is estimated to reach a market worth of US$ 5.4 bn by 2022, increasing with a CAGR of 5.9% from 2022 to 2032. The number of pets is increasing in many developed countries, and the emotional tie between humans and their pets is becoming stronger. As a result, pet owners are becoming increasingly concerned about their pets’ health, quality of life, and lifespan.
The inclusion of macronutrients such as fibers, proteins, and carbohydrates in pet food increases their lifespan and enhances their overall health. Fruit pomace and fiber have excellent water-binding capabilities, which aid in the manufacturing of pet wet food.
As such, the Use of functional ingredients are trending in the pet food industry and is expected to provide growth opportunities to the functional carbohydrates market.
“The growing trend of on-the-go snacking is becoming extremely popular among children, owing to their need for regular meals, while adults prefer them due to active hectic lifestyles.” said a lead analyst at FMI.
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Major Research on Applications of Functional Carbohydrates Influencing Market Growth
Key manufacturers, with the help of different research centers, public research universities, and crop institutes across the U.S., are actively researching the potential applications of functional carbohydrates. Constant research for increased application in the food & beverage, personal care, sports nutrition, and feed industries is being carried out.
The growing health concerns among people and advancements in R&D activities have led to the growth of the fibers and specialty carbohydrates market. Factors such as multifunctional benefits across various applications and their use as alternatives to sugar are contributing to the growth of the market.
Increasing Consumption of Nutrient-Enriched Food to Enhance Overall Health
The market is primarily driven by population growth and changes in consumer dietary preferences. Consumers are more likely to choose meals with functional ingredients if they want to lower their risk of obesity, weight management, diabetes, and cardiovascular disease.
Stressful lives and rising stress levels have contributed to the rise in the occurrence of such health problems. Furthermore, people have a habit of eating large meals three to four times every day. People’s health has suffered as a result of this. A trend of eating numerous smaller meals throughout the day has emerged as a result of increased awareness and a shift in eating habits.
These considerations have boosted the popularity of nutritious foods and the use of nutritional biscuits, snacks, and energy or protein bars to replace meals. Also, due to their need for regular meals, on-the-go snacking is becoming increasingly popular among children, while adults like it due to their active and hectic lifestyles. Other variables that are boosting market expansion include rising disposable incomes, convenience of transporting, and rising health concerns.
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Who is winning?
Some of the leading companies offering functional carbohydrates are General Mills, Inc.; Danone S.A., Nestle S.A., Chobani LLC, Lactalis, Fonterra Co-operative Group, Arla foods, Yakult Honsha Co., Ltd., ULTIMA FOODS, Chobani, LLC., Sodiaal, Müller UK & Ireland, Rainy Lanes Dairy Foods Ltd., Parmalat S.p.A., Chi Limited, Cargill, Incorporated., Mother Dairy Fruit & Vegetable Pvt. Ltd., Britannia Nutrition Foundation, and Others.
Functional Carbohydrates Market by Category
By Type, Functional Carbohydrates Market is Segmented as:
- Dietary Fiber
- Functional Polysaccharides
- Functional Oligosaccharides
- Sugar Alcohols
- and other Functional Monosaccharides
By Application, Functional Carbohydrates Market is Segmented as:
- Food & Beverages
- Cosmetics & Personal Care
- Pharmaceuticals
- Nutraceuticals
- Others
By Region, Functional Carbohydrates Market is Segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle east and Africa
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Frequently Asked Questions
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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