August 11, 2020
According to the research report titled ‘Global Non-Starch Polysaccharides Market Size study, by Type (Diutan, Beta-glucan, Scleroglucan), by Application (Food & Beverages, Dietary Supplements, Animal Feed, Cleaning Agents, Chemical, Pharmaceutical, Cosmetic, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, worldwide non-starch polysaccharides market is expected to generate substantial revenues during 2020-2027.
Growing demand for non-starch polysaccharides owing to their ability to reduce cholesterol levels is a major factor driving the market growth. Increasing consumption of dietary supplements coupled with inclination towards healthy eating habits are further aiding the market expansion. In fact, as per the survey conducted by Council for Responsible Nutrition, it is estimated that over 64% U.S. citizens consumed dietary supplements in 2008, which then grew to 76% in the year 2017. Increasing adoption of D-mannose in diet is favoring the overall market scenario.
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For those unaware, NSP (non-starch polysaccharides) are monosaccharide polymers that are found in plants. They are a vital part of dietary fiber and can be quantified precisely as compared to other dietary fiber such as inulin, chitin, mucilage, pectin, gums, glucans and cellulose. NSP in maize, rice, and wheat are generally insoluble and may produce emetic effect while NSP from beans, barley, rye, and oats help in reducing cholesterol levels. Rising concerns regarding food safety is also stimulating the industry outlook.
The consumption of non-starch polysaccharides has increased amid the COVID-19 pandemic, owing to its beneficial biological and physiological properties, which is positively influencing the overall market outlook. However, rising concerns regarding the risk of antinutritive effects as well as lack of scientific expertise pertaining to the use of NSP may act as restraining factors to global non-starch polysaccharides market.
From the regional point of view, North America presently accounts for a significant market share and is expected to register further growth in the ensuing years. Growing demand for dietary supplements coupled with rising health cognizance are augmenting the regional market landscape. High concentration of major companies is also swaying the business dynamics in North America. Meanwhile, Asia-Pacific non-starch polysaccharides industry is predicted to showcase high CAGR through 2027.
The prominent companies operating in global non-starch polysaccharides market are Adisseo, Amano Enzyme Inc., Sichuan Guolong Group Metal Products Co. Ltd., Alltech Inc., Novozymes A/S, Associated British Foods plc, E.I. du Pont de Nemours and Company, BASF SE, and Koninklijke DSM N.V. among others.