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Evolution of cyclodextrin as a food additive to fuel the demand in near future
Cyclodextrin refers to a class of cyclic sugars, which are produced from enzymatic decomposition of starch. Since the introduction of cyclodextrin in year 1960, the market for cyclodextrin has gained sizable opportunities over the years in developed and developing economies. Cyclodextrin has found its demand in numerous end-use applications, such as food & beverage, pharmaceuticals, cosmetics & personal care, paper, nutraceuticals and animal feed, which is further expected to drive the global cyclodextrin market over the forecast period. Owing to an increasing number of health-conscious population and growing application of cyclodextrin in industries across the globe are anticipated to create enormous opportunities for the key manufacturers to gain sustainable market share from all the regions of the globe. The global cyclodextrin market compromises of numerous key manufacturers engaged in the manufacturing of cyclodextrin with their global and local production plants.
Global cyclodextrin market is likely to register average single-digit growth during forecast period
The global market for cyclodextrin is projected to grow at average single-digit CAGR throughout the forecast years from 2018 -2028 owing to increasing demand for stable and more soluble compound during the manufacturing of products in end-use applications. China was pegged as a leading manufacturing hub for the production of cyclodextrin across the globe due to advance manufacturing facilities, low labor cost and easy availability of raw materials. Among regions, East Asia and North America is expected to dominate the global cyclodextrin market in terms of both value, as well as volume sales, throughout the forecast period followed by Europe region. In terms of growth rate, South Asia, Latin America and MEA region is likely to record high growth rate in the global cyclodextrin market in near future due to increasing health awareness among end users, expanding manufacturing facilities of key manufacturers in these regions and several new entrants in the market.
Lucrative opportunities for first movers in the global cyclodextrin market
The global market for cyclodextrin is expected to gain lucrative opportunities across developed and emerging economies over the forecast period due to several market growth drivers and trends. Some of the market dynamics includes growing industrialization, increasing adoption of cyclodextrin as a food additive, increasing drug discovery activities, rising health concerns, new entrants in the market and continuous products developments in the global cyclodextrin market, which is expected to propel demand for cyclodextrin in end-use applications during the forecast period. Also, the rising need for large product life cycles in many industries is expected to create a plethora of opportunities for the key manufacturers of cyclodextrin to attract more end-use industries across the globe. However, lack of awareness about application of cyclodextrin in low economies is expected to hamper the growth of global cyclodextrin market in upcoming years.
Increasing R&D activities in pharmaceuticals to play pivotal role
The cyclodextrin market can be segmented on product type, purity grade, functionality and end-use application. On the basis of product type, cyclodextrin market can be categorized into alpha (glucose)-6, beta (glucose)-7 and gamma (glucose)-8. On the basis of purity grade, the cyclodextrin market can be segmented into industrial grade and technical grade. On the basis of functionality, cyclodextrin market can be categorized into emulsifying agent, stabilizing agent, anti-oxidizing agent, amorphizing agent, capping agent and others. On the basis of end-use application, the cyclodextrin market can be segmented into food & beverages, pharmaceuticals, paper, nutraceuticals, animal feed, cosmetics & personal care, paints & coatings, textiles and other end-use applications. Geographically, the global market for cyclodextrin can be segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.
Breakthrough product developments in cyclodextrin market boosts overall sales
Recent developments in the global cyclodextrin market over the last few years is expected to boost the overall sales of cyclodextrin in foretell period. Some of the key market participants in the global cyclodextrin market are Roquette Frères, Wacker Chemie AG, Ensuiko Sugar Refining Co., Ltd., Ashland, Shandong Xinda Biotechnology Co., Ltd., Yunan County Yongguang Group and other prominent players in cyclodextrin market.
The research report presents a comprehensive assessment of the cyclodextrin market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to cyclodextrin market segments such as geographies, product type, purity grade, functionality and end use application.
The Cyclodextrin market report covers exhaustive analysis on:
Regional analysis for Cyclodextrin Market includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments of cyclodextrin. The report also maps the qualitative impact of various market factors on market segments and geographies.