Nov 25, 2019
Sustainable Growth Will be the Motto for Key Players in the Polysaccharides and Oligosaccharides Market, Says Fact.MR
by Team Fact.MR
Fact.MR delivers vital insights on the polysaccharides and oligosaccharides market in its published report, which provides global industry analysis, size, share, growth, trends for the forecast period of 2019-2029. In terms of revenue, the global polysaccharides and oligosaccharides market is projected to grow at a CAGR of ~5% during the forecast period, owing to numerous factors, which Fact.MR offers through insights and forecasts in this report.
Key players producing polysaccharides and oligosaccharides for a multitude of applications have been transforming at a rapid rate. The polysaccharides and oligosaccharides market players have carried out multiple organic and inorganic developments in the past years. Acquisitions and collaborations of companies on the research front has been prominent. The research to integrate consumers’ demand for clean label products has been increasing the application of polysaccharides and oligosaccharides. Market players have also been seen to address the volatility of the food and beverages industry. The strengthening of portfolios to cater to multiple applications of polysaccharides and oligosaccharides will amplify the market growth.
Transformation and Reevaluation of Ingredients in Animal Feed for Gut Health to Spur Market Growth
Major costs in the animal feed market can be attributed to raw materials. Changes in consumers’ demand have caused animal feed manufacturers to reevaluate and change animal feed ingredients. Certain acts have been carried out to integrate clean label and organic alternatives for production. The usage of polysaccharides and oligosaccharides as feed ingredients is to promote the gut health of animals. Polysaccharides and oligosaccharides extracted from plants and algae sources have been seen to be preferred by manufacturers. The growth in demand for animal feed will amplify the growth of the polysaccharides and oligosaccharides market.
Developing Countries to Present Prominent Opportunities for Market Players
The focus of some of the players in the polysaccharides and oligosaccharides market is to transform the dairy industry. This effort for developing new formulations using polysaccharides and oligosaccharides is to increase consumer access to dairy products in developing countries as has been evident in the recent past. In 2019, Tate & Lyle collaborated with Long Life Dairy to create more shelf stable products. The research of new formulations and testing is still in progress. Companies announced that they have tested pilot batches for different products. Research initiatives by companies will benefit the future of the polysaccharides and oligosaccharides market.
>>> To get more information on polysaccharides and oligosaccharides market, visit- https://www.factmr.com/report/427/polysaccharides-oligosaccharides-market
Regional expansion in the developing countries is also carried out by other companies like Corbion. The company is aiming to strengthen its presence in Europe and the Middle East and Africa. Corbion also acquired Granotec do Brazil S.A. with an effort to expand its reach in Brazil.
Organic Trends to Create Demand for Polysaccharides and Oligosaccharides
Health conscious consumers have increased their demand for products sourced from organic sources which has been trending in the food and beverage industry. Manufacturers have shown a preference to use natural and organically grown raw materials. As polysaccharides and oligosaccharides are being obtained from natural sources like bacteria, plants, algae and fungi, the preference for their usage is likely to increase in the coming decade. The promotion of polysaccharides and oligosaccharides for multiple health benefits like body weight control, regulation of blood sugar and maintaining gut and colon health has boosted its preference among health conscious consumers. It’s application in the infant milk formula is one of the important uses of polysaccharides and oligosaccharides. The main issue in the infant formula application of polysaccharides and oligosaccharides is the availability of alternatives.
Manufacturers have been facing major cost issues in synthesizing polysaccharides and oligosaccharides. Several research initiatives for the development of cost-effective methods for synthesizing polysaccharides and oligosaccharides will propel the growth of the market.