Global market for polysaccharide and oligosaccharide to reach $22.48 billion by 2034
From GlobeNewswire: 2025-02-05 06:00:00
The global market for polysaccharide and oligosaccharide is projected to reach US$13.8 billion by 2024, with a 5% CAGR expected from 2024 to 2034. These compounds are increasingly popular due to their diverse applications in food, pharmaceuticals, cosmetics, biotechnology, textiles, and more. Industries are investing in research to explore new benefits and applications, driving market growth.
Key players in the market include Ashland Global Holdings Inc., CP Kelco, Tate & Lyle PLC, and more. Polysaccharides and oligosaccharides are finding new applications in various industries, from medicine to food, as scientists uncover more benefits and uses for these compounds. The market is expanding as new formulations with improved properties enter the market.
Research into polysaccharides and oligosaccharides is leading to breakthroughs in various sectors, including medicine, food, and materials. The market is projected to reach US$22.48 billion by 2034, with North America and East Asia being key regions for growth. Innovations in synthetic polysaccharides are driving advancements in nanotechnology and materials science.
A merger between International Flavours & Fragrances Inc. and DuPont’s Nutrition & Biosciences division aims to create a leading supplier of ingredients for various industries. Tate & Lyle’s acquisition of Cargill’s starch and sweetener division for US$1.4 billion in 2021 demonstrates the market’s growth and consolidation. Fact.MR offers unbiased analyses of the market from 2019 to 2023 and forecasts for 2024 to 2034.
The global market for galacto oligosaccharides (GOS) is set to reach US$2.47 billion by 2033, while isomalto-oligosaccharides are expected to grow to US$1.69 billion by the same year. Marine algae polysaccharides are projected to reach US$2.86 billion by 2033, with algae supplements reaching US$2.07 billion by the end of 2033. The market for algae extracts is anticipated to grow to US$4.1 billion by 2023.
Fact.MR provides valuable insights into the polysaccharide and oligosaccharide market, covering product types, sources, applications, and end uses across seven major regions. With a focus on accuracy and reliability, Fact.MR empowers businesses with crucial data and strategic recommendations to navigate dynamic market challenges and achieve long-term success.
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