Global Refined Functional Carbohydrates Market: Overview
It is estimated that the global population will touch 8.7 bn by 2030 from 7 bn in 2018, and with growing number of people arises the concerns of food inflation. While the agricultural sector is finding new ways to be prepared to meet this overwhelming expectation, the dairy industry is ahead of time and is prepared to take up the growing demand. Globally, while dairy companies are looking at closing down business, the growing potential is keeping big names excited. This defines the importance of healthy livestock to meet the higher demand, thus explaining the growth potential for global refined functional carbohydrates market.
Transparency Market Research (TMR) is coming out with a report on the global refined functional carbohydrates market that provides information on the prevailing trends, and the drivers that will open new doors in the market. Besides, it also provides insights on the winning imperatives that helped companies in the global market for refined functional carbohydrates succeed.
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Global Refined Functional Carbohydrates Market: Notable Developments
The key to success in the market for refined functional carbohydrates lies in the potential of the dairy industry. Here are some developments that might make the difference for tomorrow:
- The milk consumption per capita will increase 16% by 2030, and this means there will be need for healthier cows to sustain production levels of 307 million tonnes milk more than today. RFC (refined functional carbohydrates) manufacturers will gain from the underlying need for maintaining healthy livestock among dairy companies.
Most companies in the global refined functional carbohydrates market are investing on new R&D projects to identify products that will enable them to meet the changing demands from dairy companies. The prominent players in the market for RFCs are DuPoint Danisco, Lallemand, Orffa, VWR Corporation, Super Beta Glucan, and Pet Health Solutions.
Global Refined Functional Carbohydrates Market: Key Trends
Manufactured from yeast, refined functional carbohydrates are not found in nature. And, the concentration, size, and structure of the RFC defines its effect on the ration. So, here are a few trends that will help the global market for refined functional carbohydrates grow.
Focus on New Technology to Improve Efficacy of Products
As mentioned above, the size, structure, and concentration of RFCs has an impact on the ration, thus improving the immune system of the calves. Looking at the future opportunities, companies in the global refined functional carbohydrates market are adopting technologies that help produce products with better efficacy. This is prudent as the milk production per cow is expected to increase by 23% in the coming years. While these are predictions, it is also pertinent to note that the volumes at which the livestock will grow in some companies will initiate change.
Rising Standards of Dairy Production
RFCs prevent calves or livestock from being infected by zoonotic diseases or other microbial production. In a dairy farm with livestock in thousands, maintaining hygiene and sanitation is essential. With several studies across countries by food regulatory organizations, the number of cows dying of zoonotic diseases remains disturbing. This pegs the need for products that will maintain gut health and improve livestock’s immune system. Following the rising cases, and the impelling pressure from dairy industries to ramp up production, regulatory bodies have introduced regulations that define new standards for dairy products. This has a cascading impact on the global refined functional carbohydrates market.
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Global Refined Functional Carbohydrates Market: Regional Analysis
Globally, it is the United States, the European Union, and New Zealand that is known to be highest exporter of dairy products. And, by the end of the forecast period, it is predicted to remain the same. The strong food regulatory structure, and the established dairy industry in the US and Western Europe, will help sustain their top three positions in the global refined functional carbohydrates market. However, experts predict that it is Southeast Asia that will become important for players in the global refined functional products market as the dairy production will increase by more than 50% in this region. India, a country with 1.3 billion people will redefine the importance of products in the refined functional carbohydrates in the years to come.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.