Global Functional Carbohydrates Market is Propelling at 5.80% of CAGR by 2027
According to a new market research report published by Inkwood Research, the Global Functional Carbohydrates Market is estimated to proliferate with a growth rate of 5.80% over the forecasting years.
"Browse 19 market Data Tables and 31 Figures spread over 110 Pages, along with an in-depth TOC on Global Functional Carbohydrates Market Forecast 2019-2027".
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Functional carbohydrates are known to be low glycemic carbohydrates that slowly break down in the body, gradually increasing the blood sugar level. It finds applications in areas such as, cosmetics, food & beverages, personal care products, pharmaceutical products, paints, nutraceutical products, animal feed, and construction materials. A rise in health concerns and the growing awareness about food safety have encouraged consumers to opt for products that contain healthy ingredients, which is driving the global functional carbohydrates market.
Consumer Awareness is Supplementing the Market Growth Worldwide
The rise in health concerns such as cardiovascular diseases, diabetes and obesity has resulted in consumers prefer products that contain carbohydrates like Palatinose and Isomalt. Functional carbohydrates play a crucial role in decreasing the blood-lipid level, slowing increases the blood sugar level; thus, reducing the risk of cardiovascular diseases or diabetes. The growing awareness about the benefiting functionalities of carbohydrates among consumers has encouraged the manufacturers to produce innovative products, containing functional carbohydrates, which is boosting the growth of the global market.
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Cosmetics and Personal Care is the Fastest Growing Application in the Market
Consumers have become a lot more conscious than ever before regarding the application of cosmetics products in their daily life, with an effort to groom their overall look and personality. Functional carbohydrates such as curdlan and galactooligosaccharides are increasingly being employed in cosmetics & personal care products as a solubilizing agent, to mask an unpleasant odor, protect against heat, light, and oxidation, prevent skin irritation and other such uses. This is projected to create a massive demand for these functional carbohydrates in the cosmetic & personal care industry.
Europe Leads the Functional Carbohydrates Market
In terms of revenue, Europe contributed the largest share of 36.84% in 2018. This dominance is owing to the presence of key companies offering their solutions in the region. The growing prevalence of diseases such as diabetes and obesity is anticipated to boost the market for functional carbohydrates such as Isomalt and Palatinose. The companies such as Beneo GmbH, Evonik Industries, Wacker Chemie AG, are among the significant players of the functional carbohydrates market.
The global functional carbohydrates market has witnessed a progressive trend in recent years. The competition in the market is intense, owing to the presence of numerous regional players. The companies have focused on launching innovative products and technologies, along with expanding the applications of existing products by heavily investing in R&D activities.
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