Market Size and Growth Report 2023-2032:
Global Beta-Glucan Market Size was valued at USD 1.6 Billion in 2022. The Beta-Glucan market Technology is projected to grow from USD 1.8 Billion in 2023 to USD 2.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.20% during the forecast period (2023 - 2032). Growing geriatric populations, increasing incidence of chronic disease, and rising product demand in functional food and animal feed applications, are the key market drivers enhancing the market growth.
Beta-Glucan Market Trends
The rising number of chronic diseases is driving the market growth
Growing product demand in functional food and animal feed applications is likely to be a key market driver over the course of the projected timeframe. The rise in chronic diseases and the aging population are two major factors driving the need for functional foods worldwide. In developing countries, people have lower immunity levels more frequently, especially women and children. The aforementioned factors as well as rising consumer health consciousness are predicted to increase demand for drugs that promote immunity, including the product. Preventive programs are becoming more and more popular among consumers over post-treatment medications. The market for nutraceuticals and medicines containing yeast beta-glucan is expected to increase throughout the predicted period as a result of product advances, notably in the nutrition sector.
More than 75.0% of the North American market's volume was accounted for by the United States in 2021, and it is expected that this dominance would persist for the duration of the forecast period. High consumer spending on dietary supplements and functional food items is predicted to drive product demand in the country throughout the forecast period. Due to its ability to strengthen the immune system, the drug was among the substances that attracted the greatest interest throughout the outbreak. Unité de Glycobiologie Structurale et Fonctionnelle (UGSF) research from 2020 indicates that it helps to strengthen immune defense before a patient contracts respiratory virus infections, particularly SARS-CoV-2.
The global market was boosted by the nutraceutical industry's rapid rise on a global scale. Consumers are using innovative methods to achieve their nutritional demands by incorporating functional foods and other dietary supplements into their everyday diets. Consumers who choose a healthy diet, such as athletes, gym goers, and other health-conscious people, are rapidly growing the market for these food products with added nutrients.
Manufacturers of nutraceuticals are concentrating on creating a range of natural supplements with B-glucan infusions that will particularly strengthen the body's immune and digestive systems. The "go-green trend" and food ingredients produced from plants have become more and more popular around the world in recent years, which has led to an increase in the usage of B-glucan in manufacturing. The anticipated of the current situation and the increasing need for such nutrient-rich supplements will ensure B-glucan's future growth in the global market.
B-glucan is gaining popularity on a global scale because of its beneficial health properties, which have led to the expansion of its end-user usage in sectors like medicine and cosmetics. The producers must introduce more and varied forms of B-glucan to meet the end customers' growing demand. Oats are one of the most frequently used sources of B-glucan extraction globally. Oat production has substantially expanded recently all over the world, and this increased availability is one of the key factors driving companies to accelerate the production of B-glucan in the global market. Thus, driving the Beta-Glucan market revenue.
Scope of Beta-Glucan Market Report:
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Beta-Glucan Market. On the basis of historic growth analysis and current scenario of Beta-Glucan market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Beta-Glucan market. This further helps users with their developmental strategy.
Key Market Players & Competitive Insights
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Beta-Glucan market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Beta-Glucan sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Beta-Glucan industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Beta-Glucan sector. Major players in the Beta-Glucan market, including Kerry Group plc., Givaudan SA, Koninklijke DSM N.V., Euglena Co. Ltd, Biotec Pharmacon ASA, Tate & Lyle plc., Lesaffre Group, Kemin Industries, Inc., ABF Ingredients, Super Beta Glucan, and Garuda International, Inc., are attempting to increase market demand by investing in research and development operations.
Produced and distributed by Kemin Industries Inc. (Kemin), these compounds have a direct impact on both human and animal health. Enzymes, probiotics, carotenoids, natural extracts, mold inhibitors, forage preservatives, toxin binders, liquid antibacterial formulations, and antioxidant formulations are some of the products it offers. A wide range of industries employ these products, including biofuels, personal care, industrial greenhouses, pet food technology, rendering, dietary components, food technologies, and animal nutrition and health. In December 2022, Kemin Industry will increase the size of its production plant. The decision by Kemin to increase the size of its Cavriago production facility demonstrates the company's commitment to innovation and sustainability in animal nutrition and health.
To identify environmental, social, and economic challenges and opportunities, seize those opportunities to have a long-lasting positive impact on people and the environment, and then build growth through sustainable, profitable expansion, is the mission of Royal DSM NV (DSM), a science-based company. Specialty polymers, fiber and resin products, nutritious lipids, carotenoids, vitamins, and other components are produced by the company. The business manufactures materials for medical devices and renewable energy out of agricultural waste and biochemicals. In January 2022, the company announced the creation of an integrated food and beverage operational structure that combines three facets of DSM's nutrition business: Food Specialties, Hydrocolloids, and a section of its Nutritional Products Group.
Key Companies in the market
- Kerry Group plc.
- Givaudan SA
- Koninklijke DSM N.V.
- Euglena Co. Ltd
- Biotec Pharmacon ASA
- Tate & Lyle plc.
- Lesaffre Group
- Kemin Industries, Inc.
- ABF Ingredients
- Super Beta Glucan
- Garuda International, Inc.
Industry Developments
June 2020: Lesaffre purchases a majority stake in the Chinese company Biohymn Biotechnology. An organization called Biohymn Biotechnology from China specializes in producing yeast and yeast extracts.
Market Segmentation:
Beta-Glucan Source Outlook
- Yeast
- Mushroom
- Cereals
- Microalgae
Beta-Glucan Application Outlook
- Food & Beverages
- Animal Feed
- Personal Care
- Pharmaceuticals
- Others
Beta-Glucan Type Outlook
- (1,3) Beta Glucan
- (1,4) Beta Glucan
- (1,6) Beta Glucan
Market Segment Insights:
Beta-Glucan Source Insights
The global Beta-Glucan market segmentation, based on Source, includes yeast, mushroom, cereals, and microalgae. Yeast segment dominated the global market in 2022. Yeast is a preferred raw material for producers who want to extract beta-glucan for the market. Producers mainly offer a variety of yeast-derived B-glucan to their associated end-users, as opposed to other B-glucan sources on the market. The source and extraction of yeast B-glucan require careful attention and prevention throughout the process in order to minimize functional and nutritional disruption in the finished items. A result of the essential technological advancements in the yeast extraction process is the high price of beta-glucan on the market.
Beta-Glucan Application Insights
The global Beta-Glucan market segmentation, based on Application, includes food & beverages, animal feed, personal care, pharmaceuticals, and others. Food & beverages segment dominated the global market in 2022. It is projected that it will maintain its advantage throughout the forecast. The increasing use of functional foods and dietary supplements globally is estimated to be the primary factor driving market expansion over the anticipated timeframe. It is projected that the product's low price will be the primary element influencing demand in animal feed applications. Improved immunological function in animals, increased antibody titers after vaccination, and increased resistance to microbial infections are some of the product's key benefits.
Beta-Glucan Type Insights
The global Beta-Glucan market segmentation, based on Type, includes (1,3) beta glucan, (1,4) beta glucan, and (1,6) beta glucan. (1,3) beta glucan segment dominated the global Beta-Glucan market in 2022. Comparing (1,4) and (1,6) beta-glucan to (1,3) beta-glucan, the global beta market favours (1,3) beta-glucan. Due to its simple extraction methods, most manufacturers include (1,3) beta glucan in their product lineup. These are frequently used in the manufacture of the fastest-growing industries, including medicines, cosmetics, and other personal care products.
Beta-Glucan Regional Insights
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. In 2022, this market was dominated by the North American beta-glucan market (45.80%). Among the top market players in the North American beta-glucan industry are American firms Merck and Lesaffre. These are thought to be the elements causing the rise in the area. Beta-glucan is currently widely employed in the food and beverage business as thickening agents, fat alternatives, dietary fiber, and hypocholesterolemic agents. Further, In the North American area, the U.S. Beta-Glucan market had the biggest market share, while the Canada Beta-Glucan market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
In 2022, the beta-glucan market in Europe held a sizable market share. Low-calorie and low-fat food items are popular throughout the continent because European consumers are calorie conscious. Consumer demand for food products manufactured from natural, low-calorie ingredients has increased as a result of the rise in obesity and cardiovascular illnesses. Further, In the European region, the German Beta-Glucan market had the biggest market share, and the U.K. Beta-Glucan market had the quickest rate of growth.
From 2023 to 2032, the Asia Pacific beta-glucan market is anticipated to experience rapid growth. Numerous enterprises in Asia, including India, China, South Korea, and Japan, that produce food processing, cosmetics, and personal care items, are helping to meet the region's demand for goods. The region is quite different in terms of income, demography, and nutritional requirements. The rising demand for food products with better nutritional benefits and consumers' higher spending power are both expected to positively impact industry growth. Moreover, In the Asia-Pacific region, the Indian Beta-Glucan market had the quickest rate of growth while China's Beta-Glucan market had the greatest market share.
Beta-Glucan Market Report is also available for below Regions and Country Please Ask for that
North America
Europe
- Switzerland
- Belgium
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherland
- Turkey
- Rest of Europe
Asia-Pacific
- India
- Australia
- Philippines
- Singapore
- South Korea
- Japan
- China
- Malaysia
- Thailand
- Indonesia
- Rest Of APAC
Latin America
- Mexico
- Argentina
- Peru
- Colombia
- Brazil
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest Of MEA
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Questions
- How much the global Beta-Glucan Market valued?
- Which region has the largest share in 2023 for the global Beta-Glucan Market?
- What are the driving factors for the market?
- Which is the leading segment in the global market?
- What are the major players in the market?
Research Scope of Beta-Glucan Market
- Historic year: 2018- 2021
- Base year: 2022
- Forecast: 2023 to 2032
- Representation of Market revenue in USD Million
Beta-Glucan Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
