Refined Functional Carbohydrates Market forecast
Increasing demand for poultry in countries like the U.S. and China will drive the global refined functional carbohydrates market size in the upcoming years. Lately, people are becoming aware about animal health and the impact of consuming the meat from infected animals, and are subsequently feeding animals with highly nutritious food. A great number of animals are commonly afflicted UTI, which can also be cured with RFCs. Rising need to consume healthy animal products and enhance overall feed efficiency will augment refined functional carbohydrates market to witness growth.
U.S. MOS Refined Functional Carbohydrates Market Size, By Application, 2018 & 2025, (Tons)
Rising need for processed food is likely to drive the industry trends. As a rule, grains, vegetables, meats and fish are unpalatable in their raw state, and some foods, such as cassava, are dangerous if eaten without processing. Processing can also help to decrease food waste by extending shelf life of the food. Without processing, as much as 50 to 60 percent of fresh food can be lost between harvest and consumption.
India’s export of processed food was INR 31,111.90 Crores in FY 2018-19, including the share of products like mango pulp, processed vegetables, cereals, and many more. The preference for processed food is likely to grow in the years ahead and increasing production will provide a push to refined functional carbohydrates market share.
Owing to the beneficial use of RFC for improving egg production efficiency, the demand for refined functional carbohydrates is likely to increase across layer industry. Substantial benefits of RFCs for animals will prove to be a major growth driver of refined functional carbohydrates industry landscape.
RFCs act as a prebiotic and boost the growth of healthy bacteria in the gut. Lack of enough prebiotics can result in health issues such as devitalized immune system, lower pH and a poor digestive system. Rising demand to maintain good gut health in animals will drive RFC industry share.
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D-mannose is one of the most vita RFC products. Being an essential glyconutrient, D-mannose is widely used to cure UTI in animals. Apparently, almost 14 percent of dogs experience a UTI during their lifetime, with an increased risk observed in spayed females.
The most common cause of UTI is a rising infection affecting normal bacteria present in the distal urogenital tract. Around 42% of dogs with hyperadrenocorticism, diabetes mellitus, or both diseases have been observed with concurrent UTI. Increasing demand of D-mannose across animal feed industry will drive refined functional carbohydrates industry over the years ahead. As per estimates, D-mannose refined functional carbohydrates market size is likely to witness a consumption of more than 3 kilo tons by 2025.
Regionally speaking, China D-mannose refined functional carbohydrates market demand is expected to grow at a CAGR of more than 4% over 2019-2025, owing to the momentous progress in the consumption of poultry and pork meat in the country. In 2019, chicken meat production in China is predicted to reach 12.65 million metric tons, representing 8 percent year-on-year growth.
China is currently the world’s second largest poultry consumer after the United States. Despite the highly pathogenic avian influenza (HPAI) ban on key suppliers of animal products, owing to the unmet domestic demands in 2019, Chinese imports are anticipated to grow by 32 percent to 450,000 MT. Rising demand for meat has led to the increased requirement of proper diets for animals which will accelerate the growth graph of refined functional carbohydrates industry.
The U.S. is another region that is expected to contribute considerably to refined functional carbohydrates market. As per estimates, U.S. beta glucan refined functional carbohydrates market size may register a CAGR of 6% over 2019-2025, owing to the fact that the incorporation of beta glucan in animal feed helps to cure various problems such as high cholesterol and skin irritation. The country has also been reported as the world’s largest poultry consumer, which will further augment regional industry growth.
The rapidly increasing demand for poultry food worldwide will significantly push the growth graph of refined functional carbohydrates industry. Growing requirement of processed food will also have a major impact on the expansion of refined functional carbohydrates market. According to a research report by the Global Market Insights Inc., refined functional carbohydrates market size may exceed $300 million by the year 2025.
Author Name : Anchal Solanki