In order to dissert the market scenario
prevailing across the polysaccharides and oligosaccharides market sector, FactMR
has evenly presented a comprehensive polysaccharides
and oligosaccharides market analysis to its extensive online
repository. With all vital market facets enclosed into this single assessment,
readers can learn about different market drivers, opportunities and trends
which are likely to influence the overall market space for the polysaccharides
and oligosaccharides market in the coming years. In addition, factors such as
market size, Y-o-Y growth and revenue share are investigated so as to make this
research highly authentic and reliable.
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Polysaccharides
and Oligosaccharides Market – Key Insights
- Global polysaccharides and oligosaccharides market grew
at a moderate CAGR of 3.4% during 2012-2016, owing to rising application
in bakery & confectionery, functional beverages, infant formula, and
animal feed products.
- In 2018, the global polysaccharides and
oligosaccharides market surpassed a value of US$ 12.2 billion, and is
expected to expand at a CAGR of 4.8% during the period between 2017 and
2026.
- Asia Pacific excluding Japan (APEJ) will continue to
retain its leading position in the polysaccharides and oligosaccharide
market. Expansion of food and agriculture industries in the region is
expected to create opportunities for stakeholders.
- APEJ is also likely to be the most attractive region
for polysaccharides and oligosaccharide market, growing at the highest
CAGR of 5.7% during 2017-2026.
What
are the Key Factors Driving the Global Polysaccharides and Oligosaccharides
Market?
- Polysaccharides derived from plant foods are one of the
important components in human diet, and used in numerous applications
ranging from infant formula to functional beverages. Steady demand for
these products continues to drive the polysaccharides and oligosaccharides
market.
- In the recent past, oligosaccharides have attracted
attention from synthetic chemists for medical applications and are widely
used as prebiotics, owing to their non-digestible properties. Growing use
of prebiotics in dairy industry and food supplements is influencing the
growth of polysaccharides and oligosaccharides market.
- Rising health awareness among consumers, along with
growing health-conscious population has led to several lifestyle changes
and shift in focus towards healthy and nutritious food products. This, in
turn, is likely to complement the global expansion of polysaccharides and
oligosaccharides market.
- Government initiatives for the expansion of food
industry to meet the ever-increasing demand, especially in emerging
economies is likely to work to the advantage of polysaccharides and
oligosaccharides industry.
- Oligosaccharides are one of the important components of
human milk with specific biological functions; commercially available
oligosaccharides have been gaining wide adoption in infant formula, on the
account of functions such as prebiotic activity, anti-inflammatory
properties, brain development, and growth-related characteristics.
- Players in the polysaccharides and oligosaccharides industry are constantly making efforts to replicate the effects of human milk oligosaccharides in order to improve the product quality and strengthen their presence in the global market.
Polysaccharides and Oligosaccharides Market –
Competitive Landscape
- In
March 2019, Givaudan, a leading player in the polysaccharides and
oligosaccharides market, announced that it has entered into a long-term
partnership with a South Korea-based beauty innovation company – Bio
FD&C, to strengthen its Active Beauty capabilities in phytopeptides
and plant cell culture.
- In
March 2019, ABF’s AB Enzymes launched ROHALASE® SEPARATION, the
latest addition to its ROHALASE® grain processing enzyme portfolio.
According to company, the newest addition is a food-grade enzyme
particularly developed for wheat-starch-gluten separation processes.
- In
February 2019, Tate & Lyle PLC in partnership with Sweet Green Fields
and Earthwatch, launched a new research project to assess best
sustainability practices for its stevia sweetener supply chain.
Other leading players operating in the global polysaccharides
and oligosaccharides market include Dupont, DSM, McComick, Novozyme, Chr
Hansen, Wild Flavors, Symrise, IFF, Firmenich, Takasago, Senseint, and Glanbia
Ingredients. Product innovations and new launches along with mergers &
acquisitions are some of the key growth strategies adopted by polysaccharides
and oligosaccharides market players.
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Although polysaccharides continue to lead the global market of
polysaccharides and oligosaccharides, the latter is expected to gain
comparatively high traction, growing at a promising CAGR of 5.2% during
2017-2026. In 2018, worldwide sales of polysaccharides closed in on a valuation
of nearly US$ 6.4 billion, and is projected to record a Y-o-Y growth of 4.6% in
2019.
Demand from Animal Feed Industry Continues to
Surge
Growing adoption of polysaccharides and oligosaccharides in
animal feed products is creating lucrative opportunities for stakeholders.
Although dairy products are likely to account for highest revenue share
in polysaccharides and oligosaccharides market, demand from animal feed is
expected to register the highest CAGR of 6.5% during 2017-2026. By source,
bacteria is envisaged to remain the leading source of polysaccharides and
oligosaccharides, followed by plants segment.
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