(MENAFN- America News Hour) In a recently published report, Global Non-Starch Polysaccharides Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Non-Starch Polysaccharides Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Non-Starch Polysaccharides Market is valued at approximately USD XXX million in 2019and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2027. Non-starch polysaccharides (NSP) are a type of polymers of monosaccharides that usually found in the plant. They are a major part of dietary fiber and can be quantified accurately other than total dietary fiber, including cellulose, glucans, gums, pectin, mucilage, chitin, and inulin. The non-starch polysaccharides in wheat, rice, and maize are mostly insoluble and have an emetic effect, while in oats, rye, barley, and beans are mainly solvable and have a cholesterol-reducing effect. Therefore, the demand for non-starch polysaccharides is significantly growing throughout the word. Furthermore, the rising consumption of dietary supplements, along with the surging trend of healthy eating with increased food concerns among the people are the few factors responsible for the CAGR of the market during the forecast period. For instance, According to the Council for Responsible Nutrition consumer survey on dietary supplements in 2017, the U.S.-based trade association estimated that around 76% of Americans are consuming dietary supplements for improving health & fitness, which has increased of around 64% from 2008. This, in turn, is expected to accelerate the demand of D-Mannose, thus contributing to the market growth around the world. Amidst the COVID-19 crisis, many industries are facing extreme difficulties due to the measures being undertaken to prevent the widespread of the novel coronavirus, but the non-starch polysaccharides industry is having a breakthrough moment. Since, it is beneficial for COVID-19's effects due to its physiological and biological properties, thus the consumption of NSP is increased. This is likely to accelerate the market growth in the upcoming years. However, risks from antinutritive effects and lack of scientific knowledge about its usage in modes of action in vivo are the few factors impeding the market growth over the forecast period of 2020-2027.
The regional analysis of the global Non-Starch Polysaccharides market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising consumption of dietary supplements with increasing health awareness among people, and the presence of a significant number of manufacturers in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Advanced Enzymes Technologies Ltd.
Koninklijke DSM N.V.
BASF SE
E.I. du Pont de Nemours and Company
Associated British Foods plc.
Novozymes A/S
Alltech Inc.
Guolong Group
Amano Enzyme Incorporated
Adisseo
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Diutan
Beta-glucan
Scleroglucan
By Application:
Food & Beverages
Dietary Supplements
Animal Feed
Cleaning Agents
Chemical
Pharmaceutical
Cosmetic
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Non-Starch Polysaccharides Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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