Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 158.75 Billion | USD 257.03 Billion | CAGR at 5.50% | 2023 |
According to the report published by Zion Market Research, the global Arabinogalactan market was valued at USD 158.75 Billion in 2023 and is predicted to reach USD 257.03 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.50% during the forecast period. The report analyzes the global Arabinogalactan Market growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the Arabinogalactan Market industry.
Arabinogalactan is a member of the carbohydrates family and it is a natural polysaccharide that consists of arabinose and galactose sugars. Arabinogalactan is obtained from the larch trees and these trees are grown abundantly in the North American region. Arabinogalactan is widely used in the form of supplements as it is a rich source of fiber. It is available in the form of powder and capsules. Properly consuming arabinogalactan is considered a safe and effective way to boost immunity.
The global market for arabinogalactan is fragmented into form and application.
Based on the form, the market is segregated into capsule and powder. Compared to capsule form, the major form in which arabinogalactan is consumed is powder. The powder form is used in the supplements, for the veterinary use and in many other products.
Based on the application, the market is categorized into animal feed, cosmetics, food and beverage, pharmaceuticals and others. The major industries where the arabinogalactan is used are pharmaceuticals and food and drink.
The growing demand for supplements among children and adults is the key factor positively affecting the demand for arabinogalactan. Arabinogalactan is a rich source of fibers that help the immune system function and improve the growth of healthy bacteria in the digestive system. Arabinogalactan is vegan and gluten-free thus highly preferred by vegan consumers. The demand for arabinogalactan is growing as an alternative to guar gum, gum Arabic, and starch in pharmaceutical and food products.
The recent trend of making use of natural and herbal products in cosmetics is favoring the growth of arabinogalactan in the global market as the manufacturers in the cosmetic industry are using arabinogalactan in hair and skin care products as an herbal or natural ingredient since it avoids the water losses and increases the stability of emulsion in the cosmetic products. The availability of other probiotic and prebiotic supplements may negatively impact the demand for arabinogalactan in the coming years.
Report Attributes | Report Details |
---|---|
Report Name | Arabinogalactan Market Research Report |
Market Size in 2023 | USD 158.75 Billion |
Market Forecast in 2032 | USD 257.03 Billion |
Growth Rate | CAGR of 5.50% |
Number of Pages | 201 |
Key Companies Covered | Pure Encapsulations, VetriScience Laboratories, Thorne Research Inc., Lonza, Ametis JSC, FoodScience of Vermont. |
Segments Covered | By Form, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The geographical diversification of the global arabinogalactan market includes Asia Pacific, North America, the Middle East and Africa, Eastern Europe, Latin America, and Western European regions. The region that dominates the Arabicogalactan market is North America. In North America, it is the U.S.
that has the majority consumption of arabinogalactan and it is in terms of both volume and value. Following the North American region is the Western Europe. In the developed countries of the Western European region, there is an increased application of arabinogalactan in the form of supplements.
The key market players that are involved in the arabinogalactan market include
By Form
By Application
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