Global Cyclodextrins By Product Type (Alpha- Cyclodextrin, Beta- Cyclodextrin and Gamma-Cyclodextrin, Cyclodextrin Derivatives), Application (Food, Beverages, Pharmaceuticals, Cosmetics, Chemicals and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Cyclodextrins Market
Data Bridge Market Research analyses that the global cyclodextrins market will project a CAGR of 3.10% for the forecast period of 2021-2028. Increasing personal disposable income, increasing utilization of cosmetics and personal care goods, and growing health awareness among individuals are the major factors attributable to the growth of cyclodextrins market.
Cyclodextrins are cyclic oligosaccharides that are manufactured from starch with the help of enzymatic modification. Cyclodextrins is obtained from different starch sources such as tapioca, rice, and wheat, potato, and corn. Cyclodextrins contain a great number of glucose subunits. With the rising popularity, cyclodextrins are widely used in pharmaceutical drugs as agents to enhance aqueous solubility and stability of poorly soluble drugs. Cyclodextrins form a toroid or a truncated cone that allows them to encapsulate hydrophobic compounds. Moreover, cyclodextrins are all generally recognized as safe by the U.S. food drug administration (FDA). Further, cyclodextrins can lower gastrointestinal drug irritation.
Rising personal disposable income and rising application of cyclodextrins as food additives by the food and beverage industry are the major factors fostering the growth of the cyclodextrins market. Increasing awareness regarding the benefits and utilization of the product and growth and expansion of beverages industry are other important factors acting as cyclodextrins market growth determinants. Rising awareness regarding nutritional and biological modification benefits and their application in the pharmaceutical drugs will further create lucrative growth opportunities for the cyclodextrins market. Rising penetration of e-commerce platforms, growth, and expansion of e-commerce industry, especially in the developing economies, and rising westernization will further induce growth in the cyclodextrins market value. Increased demand for mayonnaise and other flavors will also cause growth in the cyclodextrins market value. Growing inclusion of cyclodextrin in essential oils fill also carve the way for the growth of cyclodextrins market.
However, lack of administrative routes when applied in pharmaceutical development will pose a major challenge to the growth of the cyclodextrins market. Lack of awareness among population in the underdeveloped economies will further derail the cyclodextrins market growth rate.
This cyclodextrins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cyclodextrins market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cyclodextrins Market Scope and Market Size
The cyclodextrins market is segmented on the basis of product type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the global cyclodextrin market is segmented into alpha- cyclodextrin, Beta- cyclodextrin, and gamma- cyclodextrin, cyclodextrin derivatives.
- On the basis of application, the global cyclodextrins market is segmented into food, beverages, pharmaceuticals, cosmetics, chemicals, and others. Food segment is sub-segmented into bakeries, confectionaries, and others. Others segment is further bifurcated into mayonnaise and whip cream. Others segment is sub-segmented into agricultural engineering and environmental engineering.
Cyclodextrins Market Country Level Analysis
The cyclodextrins market is analyses and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the cyclodextrins market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the cyclodextrins market and will continue to flourish uts trend of dominance during the forecast period. This is attributable to the higher utilization of cyclodextrin in various end-user industries in the region. Asia-Pacific will, however register the highest compound annual growth rate (CAGR) for the forecast period owing to the rising urbanization, westernization, growth and expansion of beverages industry, changing lifestyle and increasing personal disposable income.
The country section of the cyclodextrins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cyclodextrins Market Share Analysis
The cyclodextrins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cyclodextrins market.
The major players covered in the cyclodextrins market report are CTD Holdings, Inc., Wacker Chemie AG, Cyclolab, Merck KGaA, NIHON SHOKUHIN KAKO CO., LTD., Roquette Frères., Ashland., Shandong Xinda Biological Technology Co., Ltd., Yunan County Yongguang Group, www.ziboqianhui.com, Mengzhou Hongji Biological Co., Ltd., Gangwal Chemicals Pvt. Ltd., Geno, Fengchen Group Co.,Ltd, Cayman Chemical, Zhonglan Industry Co.,Ltd., Shandong Binzhou Zhiyuan Biotechnology Co.,Ltd and Captisol among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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