Global Isomaltooligosaccharide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Isomaltooligosaccharide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Isomaltooligosaccharide (IMO), more commonly known as Isomaltooligosaccharide, is a mixture of short-chain carbohydrates which may have a digestion-resistant property. Isomaltooligosaccharide is a mixture of short chains of saccharides including glucose, maltose, maltotriose, isomaltose, panose, isomaltotriose, maltotetraose and many more. IMO is found naturally in some foods, as well as being manufactured commercially. Although isomaltose is found in some foods, such as honey, as a disaccharide, it behaves like all other disaccharides and is easily digested, which improves gastrointestinal and body health.

Market Overview:

The latest research study on the global Isomaltooligosaccharide market finds that the global Isomaltooligosaccharide market reached a value of USD 123.1 million in 2022. It’s expected that the market will achieve USD 172.3 million by 2028, exhibiting a CAGR of 5.76% during the forecast period.

First of all, marketing channel sales will be affected differently, the COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some Isomaltooligosaccharide enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

In addition, upstream and downstream interactions will lead to disruption of business. The epidemic will have a short-term impact on Isomaltooligosaccharide industry, but it is relatively limited. The transportation of raw materials and products is restricted, resulting in an increase in product inventory and a decrease in equipment operating rate. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in Isomaltooligosaccharide industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Moreover, the COVID-19 virus outbreak has affected the normal operation of the industry. The impact of COVID-19 on the Isomaltooligosaccharide industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.

Strength

Owing to the changing lifestyle and increasing chances of various diseases, mostly occurring due to the consumption of synthetic and high-calorie sweetener the launching of Isomaltooligosaccharide would be a sign of relaxation for the consumers who are more inclined towards the sugary food. Moreover, the application of Isomaltooligosaccharide in producing dietary supplements, health drinks, sports & energy drink will give assurance to the health concerns demographics about the nutritional as, well as lesser-0calorie content of the food that they are consuming. Increasing awareness about the consequences of unhealthy eating has led to a significant shift in consumer preference for trans-fat products in recent years. Sensing the potential lucrativeness of low trans-fat products, food manufacturers are increasingly adopting low fat and low-calorie prebiotics and sweeteners in offerings, thereby creating a significant demand for IMO. The growing demand for convenience and functional food, growing production of functional foods in response to shifting customer preference for personal health and well-being has been favoring application of IMO as a key ingredient in an array of products. This falls in line with the increasing traction for nutrition-rich processed food.

Isomaltooligosaccharide is associated with a variety of health benefits including gastrointestinal health, reduces flatulence and prevents dental caries. Isomaltooligosaccharide is also considered as a dietary fibre, which resists the digestion and improves bowel movements among the elderly. It is beneficial to infants, children and adult. Due to its bulk- filler and mildly sweet property it is used as an excellent alternative for sucrose and maltose. Moreover, rising health consciousness among consumers tends to increase the demand for healthy foods. High traction of fiber-rich ingredients in line with the growing health & wellness trend, has meant that consumer spending on health food products is witnessing a rise. IMO manufacturers are expected to significantly benefit from growing preference for healthy food. Thus, increasing the demand for Isomaltooligosaccharide globally.

Weakness

Pervasive permeation of probiotics as health supplements, backed by successful marketing activities, has overshadowed the prebiotics landscape, tugging sales of IMO as a consequence.

The manufacturers of isomaltooligosaccharide are mostly in developed countries, where labor costs are high and rising. For example, unit labor costs in the US non-agricultural business sector increased at an annual rate of 0.9% in the fourth quarter of 2019, which was lower than the initial estimate of 1.4%, while it was reduced by 0.2% in the previous quarter. Hourly wages increased by 2.1% (from the initial 2.8%), while productivity increased by 1.2% (from the initial 1.4%). In 2019, labor costs rose by 1.7%, reflecting a 3.6% increase in hourly wages and a 1.9% increase in productivity. The increase in labor costs has led to an increase in operating costs for manufacturers of isomaltooligosaccharide.

Region Overview:

Geographically, Asia Pacific held the largest market share – 44.93% in 2022.

Company Overview:

Baolingbao is one of the major players operating in the Isomaltooligosaccharide market, holding a share of 34.6% in 2023.

Baolingbao

Baolingbao Biology Co., Ltd., a leading manufacturer of corn-based health and food ingredients, is located in the center of North China Plain near the historical city Jinan in Shandong province of China. Baolingbao has been using innovative technology to transform maize and sugar into value-added ingredients for customers in the food, dairy, beverage, pharmaceutical animal feed and cosmetics. Baolingbao was established in 1997 and listed in Chinese stock market in 2009.

BioNeutra

Founded in 2003, BioNeutra North America Inc. is the premier North American supplier of high-quality fiber ingredients and products. BioNeutra is dedicated to addressing the needs of customers and consumers in both mainstream and functional food markets. BioNeutra’s product line provides ingredients for various food systems, contributing to advanced human nutrition and wellness in functional and healthy foods. BioNeutra’s goal is to move science-based processes into the commercial product marketplace.

Segmentation Overview:

By type, Powder segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Health Products, with a market share of 41.13% in 2022.

Key Companies in the global Isomaltooligosaccharide market covered in Chapter 3:

Shandong Tianjiao
Nihon Shokuhin Kako CO., LTD
Shangdong Tianmei
Baolingbao
BioNeutra
Shandong Bailong Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Isomaltooligosaccharide market from 2018 to 2029 is primarily split into:

Powder
Syrup

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Isomaltooligosaccharide market from 2018 to 2029 covers:

Health Products
Food & Beverage
Veterinary Drugs & Feed Additives
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)