Fibers & Specialty Carbohydrates Market Analysis, Statistics, Trends, Forecast Report, 2024: Global Market Insights Inc.
The fibers and specialty carbohydrates market will be driven by the increasing demand for dietary supplements, sports nutrition products, weight loss products, animal nutrition and personal care. Fibers and specialty carbohydrates play a vital role in health management. They are needed to keep the digestive system healthy, to stabilize blood sugar and to lower LDL (bad) cholesterol levels. They are used to treat individuals suffering from malnutrition, gastrointestinal disorders and cardiovascular diseases. Food & beverages manufacturers opt for dietary ingredients for their products for the health benefits they provide. Global fibers & specialty carbohydrates market size is forecast to grow at substantial rate from 2017 to 2024. Changing on-the-go lifestyles of consumers and preference to healthy products has propelled the demand for nutritional enrichment in food & beverage sector. Fibers and specialty carbohydrates have applications in nutraceuticals, pharmaceuticals and cosmetics industries. Fibers & specialty carbohydrates are broadly categorized as functional foods, functional beverage, dietary supplements, animal nutrition, and personal care. Dietary supplements segment was observed to account for more than one-third of the total volumes in 2015. The globally increasing popularity of fitness centres and gymnasiums among consumers will substantially boost the demand of dietary supplements.
Functional food & beverages involve addition of new ingredients or more of existing ingredients and they exhibit health-promotive or disease-preventive functions. Trend towards preventive healthcare in recent years has seen convergence of food manufacturing companies with pharmaceuticals to implement requisite research for diversifying their product lines. Growing health consciousness among consumers is likely to speed up the functional food & beverage market. Fibers & specialty carbohydrates demand in animal nutrition is expected to witness growth with growing world pet population. The tremendously growing global sports industry will lead to increase in demand for nutrition powder and drinks, which will propel the growth of the fibers & specialty carbohydrates market over the forecast period. Fibers & specialty chemicals market bears a threat of substitution from phytochemicals and carotenoids for their excellent anti-oxidation properties.
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