Refined Functional Carbohydrates Market Size By Product (Mannan Oligosaccharides {Cattle/Calves, Poultry, Swine, Aquaculture}, Beta glucan {Poultry, Swine, Aquaculture}, D-Mannose {Cattle/calves, Poultry, Swine, Aquaculture}) & Forecast, 2023 - 2032

Refined Functional Carbohydrates Market Size By Product (Mannan Oligosaccharides {Cattle/Calves, Poultry, Swine, Aquaculture}, Beta glucan {Poultry, Swine, Aquaculture}, D-Mannose {Cattle/calves, Poultry, Swine, Aquaculture}) & Forecast, 2023 - 2032

Refined Functional Carbohydrates Market Size

Refined Functional Carbohydrates Market size crossed USD 220 million in 2022 and is anticipated to exhibit a CAGR of 5.5% between 2023 and 2032, considering the product’s capability to improve gut health.

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The consumption of functional foods, such as functional carbohydrates, is growing steadily, creating significant demand for refined functional carbohydrates and other ingredients. Since gut health plays a significant role in livestock production, refined functional carbohydrates are commonly utilized in animal feeds to enhance animal gut health and strengthen the immune system in livestock. Furthermore, highly refined carbs also represent a key source of energy and functional ingredients.
 

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Following the numerous disruptions caused by the COVID-19 pandemic, the agriculture sector has shown resilience, especially in emerging nations. Based on the 2021-22 Economic Survey data from the Ministry of the Union Finance & Corporate Affairs, in 2021-2022, the agriculture sector grew by 3.9% in India, even despite setbacks due to the pandemic. Such factors will fuel the demand for animal feed yeasts and boost product usage to meet the dietary requirements of animals. However, high vitamin, mineral, and protein content in whole grains is leading to greater preference for these ingredients, limiting the demand for refined carbs derived from yeast. Furthermore, the risk of yeast infection and allergies may negatively impact the refined functional carbohydrates market outlook.

Refined Functional Carbohydrates Market Analysis 

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Refined functional carbohydrates market size from the d-mannose product segment will reach USD 120 million by 2032, considering its availability in cranberry, seaweed, and other natural sources. Pig farming has also become a lucrative business due to the favorable export landscape. For example, in September 2022, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) of the Republic of Korea decided to remove longstanding trade barriers to ease pork and poultry exports from the EU. Such initiatives are expected to proliferate livestock farming and thereby augment the utilization of d-mannose carbohydrates in animal feeds.

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The refined functional carbohydrates market share from the MOS (mannan oligosaccharides) product segment is projected to depict a 7% CAGR through 2032. The capability of this prebiotic to boost immunity, mitigate the adverse effects of mycotoxins, and bind harmful bacteria will promote industry development. Over the years, the adoption of prebiotic ingredients in the nutritional sector has also surged to enhance gut health. The rise in livestock farming will further escalate the consumption of animal feed and in turn boost the market demand.

For example, in December 2022, a new funding program was launched in the UK to provide livestock and dairy farmers a chance to obtain grants ranging up to USD 309,612 for the improvement or expansion of slurry stores. In addition, the intake of meat and milk products has also grown globally. These factors are expected to promote cattle farming and subsequently create lucrative prospects for MOS development for cattle feed applications.

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Asia Pacific refined functional carbohydrates market value is set to be worth USD 160 million by 2032, on account of the thriving meat sector in the region. Based on the USDA, Korean cattle producers are targeting to capitalize on increased meat prices and the growing demand for domestic beef by boosting slaughter rates into 2023. Such trends will augment the adoption of antibiotic growth promoter substitutes and fuel refined functional carbohydrate production. The product has also emerged as a natural alternative to antibiotics and cost-effective feed ingredients.

Refined Functional Carbohydrates Market Share

Some of the leading companies operating in the refined functional carbohydrates market include

• Biofeed Technology Inc.
• Kerry Group
• Matrix Nutrition, L.L.C.
• Kemin Industries, Inc.
• Sweet Cures
• Super Beta Glucan
• STR Biotech
• Lallemand Inc.
• VWR Corporation
• EW Nutrition
• Orffa
• DuPont Danisco

These companies are incorporating strategies such as business and customer base expansions to reinforce their presence in the industry.

For instance, in June 2018, Danisco Animal Nutrition announced an 8% price hike for its animal nutrition and health solution, Betafin. The product was proven to increase lean meat yield and lower production costs through methionine and choline chloride reduction in feed formulations. This price increase was in response to the rising product demand, enabling the company to strengthen its market presence.

Impact of COVID-19 Pandemic

Despite the stability in animal feed demand, the COVID-19 crisis hit several supply chains significantly worldwide. For example, countries including Romania banned exports to non-European Union countries, thereby leading to demand-supply disruptions across the animal feed sector. Likewise, the global closure of restaurants has adversely impacted the consumption of meat products. These factors may hinder the production of animal feed ingredients and assert a negative impact on the market outlook.

The refined functional carbohydrates market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2018 to 2032 for the following segments

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Market, by Product

• MOS (Mannan Oligosaccharides)
  • Cattle/Calves
  • Poultry
  • Swine
  • Aquaculture
  • Others
• Beta Glucan
  • Cattle/Calves
  • Poultry
  • Swine
  • Aquaculture
  • Others
• D-Mannose
  • Cattle/Calves
  • Poultry
  • Swine
  • Aquaculture
  • Others

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Thailand
  • Malaysia
  • Australia
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • South Africa