The specialty carbohydrates market is expected to increase from US$ 6,795 million in 2023 to US$ 10,822.7 million by 2033.
The Specialty carbs Market is experiencing a spike in demand, driven by changing consumer tastes for healthier food options and growing knowledge of the benefits of specialty carbs in various applications.
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Dietary Supplements Control the Substantial Market Share
Dietary supplements are one of the key sectors driving the expansion of the specialized carbohydrates business. The segment’s growth is mostly driven by an increase in health-conscious customers in developing countries such as India, China, and Mexico. Furthermore, rising enrollment in fitness centers and gyms leads to increased sales of nutritional supplements rich in specialized carbs.
Furthermore, due to busy schedules and strenuous working lifestyles, the working population worldwide is struggling to satisfy their daily nutrient requirements. As a result, there is a growing need for foods that offer a well-balanced diet. Furthermore, they are increasing their reliance on dietary supplements. Rising adult health consciousness and greater gym activity have boosted the demand for nutritional supplements in the specialty carbohydrates sector.
Isomalt and palatinose and other sweeteners are commonly employed in food and beverages. As they provide stabilization, gel formation, and act as a sweetener.
Customers want low sugar and other healthy elements in their products. The sugar-free carbonated drink is surging due to the rising prevalence of obesity. Therefore, energy drinks and nutrition bars may provide a healthy possibility for businesses to utilize these carbohydrates.
According to a survey, West Virginia ranks first in the United States when it comes to obesity. The rate of obesity in the state is more than 40%.
The growing popularity of natural cosmetic goods, as well as customers growing concern about their looks, has fueled the market for anti-aging solutions. Several corporations are investing in research and development to provide more effective anti-aging products.
Cyclodextrin is used to stabilize scent in perfumes and to minimize foaming in solutions, among other things. As a result, these variables are driving the expanding market during the anticipated time.
Key Points from the Market
- The market is expected to surpass US$ 10,822.7 million by 2033.
- The expanding urban working population is a driving element in the expansion of the market.
- The specialty carbohydrates industry is expected to thrive at a CAGR of 5% during the forecast period 2023 to 2033.
- North America dominated the specialty carbohydrates market.
Key Development in the Market
- June 2021: Cargill and BASF expanded their collaboration to research and innovate an enzyme-based solution for the animal feed market.
- March 2019: DuPont Danisco launched the poultry feed supplement Syncra AVI in Asia Pacific. This new launch aims to maximize nutrient digestibility in chicken production.
- May 2019: Lallemand Bio-Ingredients Savoury and Lallemand Specialty Cultures co-exhibited at the IFFA 2019 in Germany. This enabled the organization to combine its knowledge and know-how to provide complete solutions to meat producers.
- November 2021: RoundTable healthcare partners announced the formation of Ever Well Health Holding, LLC. It is a new well-consumer health and wellness functional components platform. Ever Well Health aimed to provide substantiated functional ingredient solutions for use in dietary supplements. This includes food and drinks to give substantial value to dietary supplements, food, and beverage brands.
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Market Segmentation
By Product Type:
- Glucose
- Lactose
- Galactose
- Glucosamine
By Application:
- Dietary supplements
- Animal Nutrition
- Personal care
- Functional foods
- Functional beverage
By Distribution Channel:
- Convenience Stores
- Specialty Stores
- Online Retailers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
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