Global polysaccharides and oligosaccharides market exceeded a value of US$ 12.2 billion in 2018, and is anticipated to register a Y-o-Y growth of 4.6% in 2019, according to a recent Fact.MR study. Surge in the demand for polysaccharides and oligosaccharides for use in bakery & confectionery, dairy products, functional beverages, infant formula, and animal feed are the key factors driving market growth. Rising health awareness among individuals along with proliferating health-conscious demographic has led to significant changes in eating habits and shift in focus towards nutritious and healthy food products. This, in turn, is likely to strengthen the polysaccharides and oligosaccharides market. Further, the Fact.MR study finds that heavy investments in food industry and favorable government initiatives may augur well with the expansion of polysaccharides and oligosaccharides market.
APEJ Leads Gains in Polysaccharides and Oligosaccharides Market
Polysaccharides and oligosaccharides market in Asia Pacific Excluding Japan (APEJ) reached a value of more than US$ 5.7 billion in 2018, and is expected to witness a robust growth in the coming years. Surging demand for polysaccharides and oligosaccharides in food industry for numerous applications is envisaged to be highly impactful on the growth of APEJ market. Significant demand for polysaccharides and oligosaccharides has also been witnessed in Europe and North America.
Polysaccharides to Account for Sizeable Share of the Overall Market Revenue
As compared to oligosaccharides, polysaccharides are expected to hold a relatively high value share of the overall market. In 2018, the segment surpassed a value of US$ 6.4 billion, and is estimated to record a Y-o-Y growth of 4.6% in 2019.
By source, bacteria will continue to maintain its leading position in the global polysaccharides and oligosaccharides market, registering a significant growth of 5.1% in 2019 through 2018. Plants are also likely to emerge as an attractive source of polysaccharides and oligosaccharides, representing the second highest share of the market revenue in 2018.
Dairy Products Remain the Largest Application Area for Polysaccharides and Oligosaccharides
Based on application, dairy products industry is expected to account for high revenue share in the global polysaccharides and oligosaccharides market, backed by rising demand of innovative yet healthy ingredients in dairy products.
Consumption of polysaccharides and oligosaccharides in animal feed has been increasing in the recent years, owing to their nutritional benefits to animal’s gut health. The segment is anticipated to emerge as the most lucrative application area for polysaccharides and oligosaccharides in the future.
Lack of understanding of biosynthesis of polysaccharides and their extraction process along with high costs of chemical synthesis may pose as potential threat to the growth of polysaccharides and oligosaccharides market. Further, presence of substitutes with similar potential and functional benefits, mostly in infant formula is likely to create a hindrance in the market expansion.
The Fact.MR study provides an exhaustive analysis of leading players operating in the global polysaccharides and oligosaccharides market. Some of the players include Givaudan, ABF, Tate & Lyle PLC, Dupont, DSM, McComick, Novozyme, Chr Hansen, Wild Flavors, Symrise, IFF, Firmenich, Takasago, Senseint, and Glanbia Ingredients.
Fact.MR’s study tracks the polysaccharides and oligosaccharides market for the period 2017-2026. According to the study, the polysaccharides and oligosaccharides market is likely to grow at a CAGR of 4.8% during the forecast period.