USD 14.04 billion
Report ID:
SQMIG15B2047 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
77
Polysaccharides Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
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.
Global Market Size
USD 14.04 billion
Largest Segment
Bacteria
Fastest Growth
Bacteria
Growth Rate
4.8% CAGR
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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.
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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
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Polysaccharides Market Drivers
Growing inclination towards organic feed derived from plants is expected to drive market growth
Polysaccharides Market Restraints
Numerous government policies
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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
Polysaccharides Market Recent Developments
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 |
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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
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG15B2047
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