Global Carbohydrates Market - 2024-2031

Overview

Global Carbohydrates Market reached US$ 20.69 billion in 2023 and is expected to reach US$ 32.16 billion by 2031, growing with a CAGR of 5.48% during the forecast period 2024-2031.

The carbohydrates industry is experiencing significant growth, driven by the diverse nature of customer dietary preferences. In a time characterized by increased health awareness and the demand for individualized dietary plans, the market has developed a multitude of carbohydrate-based products that address this diverse array of dietary preferences.

The increasing popularity of low-carb diets has led to the development of specialist goods with reduced carbohydrate content, specifically designed for persons aiming to limit their carb consumption. It encompass low-carbohydrate bread, alternate spaghetti and novel snacks. In contrast, health-conscious customers actively seek sources abundant in high-fiber and complex carbohydrates, emphasizing items such as whole grains, legumes and vegetable-based alternatives rich in these nutritionally advantageous carbohydrates.

Emerging geographies, especially in Asia-Pacific, are witnessing population growth, enhanced living standards and augmented consumer spending power, positioning them as the fastest-growing markets for functional carbohydrates. Globalization and evolving lifestyles are prompting consumers to recognize the health advantages of high-fiber foods, which is anticipated to increase the demand for nutritious food and beverages, hence propelling industry expansion.

Dynamics

The Rise of Low-Calorie and Functional Options

The ideal carbohydrate intake range of 45-60% of total energy intake (E%) demonstrates no further health advantages beyond this threshold, research suggests that adherence to this range correlates with decreased all-cause mortality, particularly when paired with a high-quality diet. Consequently, consumers are pursuing carbohydrate alternatives that align with this spectrum while promoting health objectives, thereby driving demand for fiber-dense, low-glycemic and functional carbs in daily nutrition.

Moreover, these low-calorie carbohydrate substitutes are included in numerous "diet" or "lite" goods targeted at health-conscious consumers seeking to sustain energy levels without excessive caloric consumption. Specialty carbohydrates such as inulin and isomalt fulfill these dietary preferences by offering energy, fiber or a low glycemic response, all while preserving taste and texture. The alignment with balanced, health-oriented eating habits is propelling market expansion, as companies create and market products that promote the consumption of quality carbs within the advised limits, providing both functional advantages and compliance with dietary standards.

Growing Demand For Functional Carbohydrates

The prevalence of obesity, diabetes and cardiovascular diseases (CVDs) is significantly increasing due to bad food habits, insufficient physical activity and the rising use of tobacco products. This serves as a significant factor favorably impacting the global adoption of functional carbohydrates, as they offer nutritional advantages, including a balanced and prolonged energy supply, enhanced fat oxidation, calorie reduction, improved metabolism and support for a low glycemic diet.

Additionally, the growing health awareness among individuals is driving the demand for sugar substitutes in the production of food products, including chocolates, cereals and baked goods. The increasing engagement of individuals in sports and physical activities is fostering the adoption of functional and nutraceutical goods, hence driving market growth.

Reformulating Products And Reducing Carbohydrate Content

The increasing recognition of health problems linked to excessive carbohydrate consumption, especially sweets and processed carbs, has driven the popularity of low-carb and ketogenic diets. This modification in dietary preferences, motivated by apprehensions regarding weight regulation, blood glucose control and general metabolic well-being, has stimulated the growth of a market segment focused on low-carbohydrate products.

Concurrently, it has led to a reduction in the need for conventional carbohydrate-dense alternatives. As customers increasingly seek alternatives to items rich in sugar and carbohydrates, the food industry faces the significant challenge of reformulating its product lines to accommodate these changing dietary trends. This involves creating products with lower sugar levels and a greater focus on low-carb options, often requiring significant investments and innovative efforts.

Segment Analysis

The global carbohydrates market is segmented based on type, source, form, application and region.

Health Benefits And Growing Consumer Preference For Plant-Based Diets

A February 2023 study from Harvard University emphasized the considerable benefits of plant-based low-carbohydrate diets, especially for those with type 2 diabetes. The study, which examined 34 years of health data from more than 10,000 people, revealed that adherence to a diet predominantly consisting of plant-based foods correlated with a reduced risk of premature mortality, highlighting the health advantages of plant-derived carbohydrates in the management of chronic diseases.

The expanding evidence has heightened the demand for plant-based carbohydrate sources in food items, as customers increasingly pursue healthier nutritional options. Consequently, plant-based alternatives like whole grains, legumes, fruits and vegetables dominate the carbohydrate market, propelled by their capacity to deliver vital nutrients, fiber and antioxidants while promoting metabolic health. This transition to plant-based carbohydrates corresponds with overarching health trends and is transforming the food industry's product development methods.

Geographical Penetration

Sustainable And Health-Conscious Diets Preference In Europe

The existence of a robust food processing and production sector in the region, along with a strong agricultural foundation that yields carbohydrate-rich crops like barley and wheat, significantly enhanced regional market expansion. Furthermore, the increasing apprehensions regarding health and wellness among the European populace are elevating the desire for vegetarian food alternatives. UK possesses the largest vegan population globally.

The demand for plant-based foods, including plant proteins, carbohydrates, sweeteners, seasonings, herbs, non-alcoholic beverages and food colorants, is increasing, thereby enhancing the market in Europe. Additionally, Europe possesses a robust food processing and production sector, facilitating the efficient manufacture of carbohydrate-rich foods. Furthermore, the region's vigorous agricultural industry ensures a steady provision of raw resources. Strict restrictions and consumer need for transparent labeling also encourage high-quality carbohydrate products.

Competitive Landscape

The major global players in the market include Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Bunge Limited, Tate & Lyle PLC, Grain Processing Corporation, Roquette Freres, Emsland Group, AGRANA Beteiligungs-AG and AVEBE.

Russia-Ukraine War Impact Analysis

The Russian-Ukrainian conflict has profoundly affected global food markets, especially concerning carbohydrate-rich commodities such as wheat, maize and soybeans. Ukraine, previously a significant producer of these necessities, has experienced a substantial reduction in production owing to the war, leading to a loss in world supplies. This has generated a rippling effect on worldwide carbohydrate markets, resulting in elevated costs and supply chain difficulties, especially in areas reliant on Ukrainian exports.

Despite the decline in Ukraine's carbohydrate output, Russia's agricultural industry has experienced development, especially in wheat and other grains. Nonetheless, the global market continues to be impacted by diminished exports and logistical constraints, resulting in increased food prices globally. The persistent violence has intensified food poverty in numerous locations, especially in emerging nations dependent on inexpensive carbs, so rendering the global carbohydrate market increasingly volatile and unpredictable.

Type

• Isomalt
• Palatinose
• Curdlan
• Cyclodextrin
• Others

Source

• Plant-Based
• Animal-Based
• Synthetic

Form

• Powdered
• Liquid
• Granulated

Application

• Food & Beverages
• Pharmaceuticals
• Animal Feed
• Personal Care & Cosmetics
• Industrial Applications

By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In 2023, Ingredion Incorporated introduced a novel starch called NOVATION 4300, specifically designed to improve the texture and durability of plant-based food items. This innovative advancement demonstrates a dedication to enhancing the quality of plant-based diets.
• In 2023, Archer Daniels Midland Company and Cargill Incorporated established a cooperation focused on developing sustainable carbohydrate solutions. Utilizing their collective expertise and resources, these two industry leaders are initiating a venture to develop innovative carbohydrate products with a markedly less environmental impact.
• In 2023, Bunge Limited launched a new assortment of organic rice products, featuring a variety of rice types, including white rice, brown rice and aromatic jasmine rice. This new product range exemplifies their commitment to provide premium organic rice alternatives to consumers.

Why Purchase the Report?

• To visualize the global carbohydrates market segmentation based on type, source, form, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of the carbohydrates market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global carbohydrates market report would provide approximately 70 tables, 66 figures and 202 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies