USD 14.04 billion
Polysaccharides Market Size, Share, Growth Analysis, By Source(Fungi, Algae, Plants, Bacteria), By Application(Food Products, Dairy Products, Bakery, Pharmaceutical), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15B2047 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
77
Polysaccharides Market Insights
Polysaccharides Market size was valued at USD 14.04 billion in 2021 and is poised to grow from USD 14.72 billion in 2022 to USD 21.41 billion by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030).
This growth of the market is owing to the potential of these products to deeply cleanse the skin while removing extra oil and grime. Consumers are choosing sanitary beauty care more frequently due to increased exposure to environmental toxins, which includes utilizing washable face masks on a daily basis.
Polysaccharides are also used for the production of facial mask that cover the face with a piece of fabric. Sheets can be replaced with other materials like paper and rubber, but because of their porous nature, they carry a higher risk of causing skin irritation. The sheet is completely covered in a serum or gel that contains the vitamins, minerals, and other nutrients essential for optimal skin function. As a result with the rising demand for face protection mast to tackle the spread of viral infections and others, the demand for polysaccharides is anticipated to propel over the forecast period.
US Polysaccharides Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Bacteria
Fastest Growth
Bacteria
Growth Rate
4.8% CAGR
Global Polysaccharide Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Polysaccharides Market Segmental Analysis
Global polysaccharides market is segmented on the basis of source, application, and region. By source, the market is segmented into bacteria, algae, fungi and plants. By application the market is segmented on the basis of food products, dairy products, bakery, and pharmaceutical. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Polysaccharides Market Analysis by Source
The bacteria segment dominated the global polysaccharides and is anticipated to maintain its dominance throughout the forecast period. This growth is attributable owing to the increased purity, hydrophilicity, and finer three-dimensional fibrous structure, bacterial polysaccharides are exceptional. These polymers primarily offer the microbe support, energy, and protection; but, more recently, a number of auxiliary features of these biopolymers have been revealed. Microbial polysaccharides have demonstrated therapeutic effects against a variety of diseases, enhanced the therapeutic effects of Western and herbal treatments, enhanced host overall health, and had a favourable effect on the development of gut-dwelling beneficial bacteria.
Polysaccharides Market Analysis by Application
The food products segment dominated the global market. Polysaccharides are commonly used as thickeners, stabilizers, and gelling agents in the food products. They help to improve the texture, viscosity, and shelf life of food products. The demand for polysaccharides in the food and beverage industry is expected to grow due to the increasing demand for processed food and convenience food products.
The pharmaceutical segment is expected to grow at the fastest CAGR. Polysaccharides are used as excipients in pharmaceutical formulations to improve drug delivery and enhance the stability of drugs. They are also used as active pharmaceutical ingredients (APIs) in some medications, such as heparin and hyaluronic acid. The demand for polysaccharides in the pharmaceutical industry is expected to grow due to the increasing prevalence of chronic diseases and the need for targeted drug delivery.
Global Polysaccharide Market By Source 2022 (%)
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Polysaccharides Market Regional Insights
Asia Pacific region dominated the polysaccharides in 2022 and is expected to maintain its dominance throughout the forecast period. The market is growing as a result of due to changing lifestyles of people and consumption of polysaccharides in this region, there has been an increase in demand for various applications in the food sector. Over the forecast period, it is anticipated that emerging nations like Japan, India, and China will witness a substantial rise in demands for bio-based polysaccharides. This is because consumer spending on food and beverage items is rising, new products are being introduced, older technologies are being updated and transformed, and polysaccharides are becoming more widely used in Asia Pacific.
North America is expected to be the largest market for polysaccharides due to the high demand for natural and organic ingredients in the food and beverages industry. The United States and Canada are the major contributors to the growth of the polysaccharides market in this region. The growing trend of clean label and natural ingredients in food products is driving the growth of the polysaccharides market in North America.
Europe is also expected to witness significant growth in the polysaccharides market due to the growing demand for natural ingredients in the food and beverages industry. The region is home to several leading food and beverage companies, which are constantly looking for new natural ingredients to differentiate their products from competitors. Countries such as Germany, France, and the UK are expected to be the major contributors to the growth of the polysaccharides market in Europe
Global Polysaccharide Market By Geography, 2022-2030
- Largest
- Fastest
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Polysaccharides Market Dynamics
Polysaccharides Market Drivers
Growing inclination towards organic feed derived from plants is expected to drive market growth
- The market for polysaccharides is primarily driven by new manufacturing techniques for animal feed and shifting customer demand. The inclination of companies towards plant-based organic feed additives is also a driver for the polysaccharides industry. The rising use of polysaccharides in animal feed for gut health is also a driver for the polysaccharides market due to the nutrients they provide. The market is presented with an opportunity by sustainable developments in the food and beverage sector and rising public awareness of health issues.
Polysaccharides Market Restraints
Numerous government policies
- Owing to imposition of stringent government regulations on the utilization of polysaccharides specifically as the pharmaceutical ingredient is anticipated to hamper the market growth.
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Polysaccharides Market Competitive Landscape
The market for polysaccharide is fairly competitive owing to the increasing demand for bio-based polysaccharides for the utilization majorly in food, pharmaceutical, and other applications. The market comprises of several medium to large scale food companies such as Associated Bristish Foods, Archer-Daniels-Midland, and others which account for more than 15% of the market share. These companies have concentrated majorly the inorganic advances in the market for polysaccharides.
Polysaccharides Market Top Player’s Company Profiles
- DuPont
- Archer Daniels Midland Company
- Cargill, Inc.
- Ashland Global Holdings Inc.
- CP Kelco
- Ingredion Incorporated
- Tate & Lyle PLC
- Kerry Group plc
- Dow Chemical Company
- FMC Corporation
- BASF SE
- Koninklijke DSM N.V.
- Novozymes A/S
- Lonza Group AG
- Roquette Frères
- AkzoNobel NV
- Croda International Plc
- Wacker Chemie AG
- Danisco A/S
- PPG Industries, Inc.
Polysaccharides Market Recent Developments
- In September 2021, Tate & Lyle announced the expansion of its non-GMO tapioca starch production capacity at its facility in Thailand. This expansion is expected to meet the increasing demand for clean-label and non-GMO food ingredients.
- In July 2021, DowDuPont announced the launch of a new plant-based ingredient called METHOCEL™ MX, which can be used as a binder, thickener, and stabilizer in a variety of food products..
Polysaccharides Key Market Trends
- Health conscious consumers are inclined more towards clean-label products which have led the manufacturers to utilize both unadulterated and organic products and ingredients. As a result, the polysaccharides manufacturers have been combining animal sources and new plant to need the rising demand.
- With rising demand for naturally manufactured polysaccharide globally, manufacturers are developing polysaccharides from sources such as bacteria, plants, and others for the utilization in several applications such as food, pharmacy, bakery, and others.
Polysaccharides Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global polysaccharides market analysis, the increased demand for polysaccharides around the globe is mostly attributable to its health advantages. Because of its large population, growing disposable money, and increased health consciousness, the Asia Pacific region has had the fastest growth. With rising demand, there has been a dramatic increase in the number of new manufacturers. Some of the key market drivers include minimal entry barriers and strong market penetration. To draw in more customers, major manufacturers are concentrating on creating higher-quality, more affordable products.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 14.04 billion |
| Market size value in 2031 | USD 21.41 billion |
| Growth Rate | 4.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Polysaccharides Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polysaccharides Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polysaccharides Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polysaccharides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polysaccharides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polysaccharides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polysaccharides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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