Beta Glucan Market

Beta-Glucan Market was estimated at USD 326 Million in 2020 and anticipated to grow at 7.6% during the forecast period.

Introduction of the Beta-Glucan Market Report

Beta glucan is a form of soluble dietary fibre which is aggressively used in the food supplement and the medical world for several health benefits like reducing high cholesterol, etc. Rising popularity of the nutritional value of algae has pushed the adoption of the beta-glucan, as it has been adopted by the restaurants chain across the globe.

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Market Dynamic

Key Drivers and Emerging Trends

The global beta-glucan market is forecast to witness a significant growth over the forecast period, owing to the growing demand for plant-based food ingredients to fulfil the nutritional need in daily diet. Increasing consciousness about the sustainable products and growing demand for organic alternatives of medicines will further expand the market growth. In addition, with the rising incidences of chronic diseases such as obesity, heart diseases, and cholesterol have stimulated the demand for nutritious dietary foods, driving the market growth. For example, as per the Centers for Disease Control and Prevention, heart diseases result in approximately 647,000 per year in the U.S.

The growing use of beta-glucan in the pharmaceutical industry as an immunity booster is projected to strengthen the market growth. The soothing, anti-irritant, and moisturizing properties of beta-glucans makes them suitable for personal care products such as toothpaste, body cleaners, insect bite creams, and baby and shaving products. Factors including changing lifestyles, growing demand for natural products, and rising expenditure on personal care items aided by the increasing income will augment the beta glucan market size. However, the presence of alternatives like guar gum and the huge extraction cost will hamper the market growth.

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Source – Segment Analysis

Based on the source, yeast is witnessed to grow at a higher CAGR in the market over the forecast period. Baker’s yeast is the commonly utilized resource of the product due to its low-cost. It is utilized mostly in the food and beverage industry as well as a cheap animal feed. In addition, yeast has greater active linkages in comparison with mushroom sourced products, and it is used in pharmaceutical industry for the cancer treatment.

Type – Segment Analysis

Based on the type, soluble fibres is witnessed to grow at a higher CAGR in the market over the forecast period. Soluble fibres effortlessly disappear in water and are transferred throughout the digestive tract developing glutinous in nature and reducing cholesterol from the body by comparing the blood glucose in the process. The rising demand of the product in pharmaceutical formulations is presumed to be a factor in increasing the market for soluble product over the forecast period.

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Regional – Segment Analysis:

Based on the regional coverage, Asia-Pacific is witnessed to grow at a higher CAGR in the market over the forecast period. The adoption of modern cultivation approaches and easy accessibility of labor in Asia Pacific have increased mushroom cultivation. The polysaccharide fraction of mushrooms is mainly comprised of beta glucans with attractive immune modulating properties, which make mushrooms an ideal raw material. Growing consumer awareness regarding the nutritional value of mushrooms coupled with increasing realization in farmers of the crop’s income yielding potential through trade should drive mushroom cultivation. For instance, according to Organisation for Economic Co-operation and Development (OECD), China surpassed 6.5 million tons in 2018, which has surged the growth potential of the overall market. In addition, in June 2020 Lesaffre takes a majority shareholding in the Chinese company Biohymn Biotechnology (China). Biohymn Biotechnology specialized in the production of yeast and yeast extracts, which has also contributed to the regional market growth.

Top Market Players

Various notable players operating in the market, include, Biotec Pharmacon ASA, Biothera Pharmaceticals, Ceapro Inc, Immunomedic AS, Super Beta Glucan Inc, DSM NV, Tate & Lyle plc (Tate & Lyle Oat Ingredients), Groupe Soufflet SA (AIT Ingredients), Zilor Inc (Biorigin), Cargill Incorporated, among others. 

Key Developments:

• • In 2021- Lantmännen launched PromOat Gluten-Free Organic, the latest addition to its PromOat family of oat beta-glucan ingredients. This innovation was in response to the strong demand for oat-based products, which are both organic and gluten-free.
  • In 2020-Ceapro Inc. declared extra Funding for Innovative PGX Technology Project. The additional allowance includes an extra task for the Innovative PGX Technology Project associated with the establishment of PGX yeast beta glucan as an inhalable therapeutic for the COVID-19 patients.
  • In 2019, Cargill Incorporated, officially announced the launch of beta-glucan product namely Barliv at FiE Paris, which has helped the company in expanding the product portfolio of the company.

Segments covered in the Report:

The global beta-glucan market has been segmented on the basis of source, type, application, and regions. Based on source, the market is segmented into cereal, mushroom, yeast, and seawood. Based on type, the market is segmented into soluble, and insoluble. Based on application, the market is segmented into food & beverages, cosmetics & personal care, pharmaceutical, animal feed, and others. 

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Key questions answered in this research report:

• • At what pace is global beta-glucan market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in beta-glucan market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global beta-glucan market?
  • Which source generated maximum revenues in 2019 and identify the most promising source during the forecast period?
  • What are the various type areas of global beta-glucan market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Beta-Glucan Market by Source

• • Cereal
  • Mushroom
  • Yeast
  • Seawood

Global Beta-Glucan Market by Type

• • Soluble
  • Insoluble

Global Beta-Glucan Market by Application

• • Food & Beverages
  • Cosmetics & Personal Care
  • Pharmaceutical
  • Animal Feed
  • Others

Global Beta-Glucan Market by Region

• • North America Beta-Glucan Market (Option 1: As a part of the free 25% customization)
    • By Source
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Beta-Glucan Market (Option 2: As a part of the free 25% customization)
    • By Source
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Beta-Glucan Market (Option 3: As a part of the free 25% customization)
    • By Source
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Beta-Glucan Market (Option 4: As a part of the free 25% customization)
    • By Source
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Beta-Glucan (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Biotec Pharmacon ASA
  • Biothera Pharmaceticals
  • Ceapro Inc
  • Immunomedic AS
  • Super Beta Glucan Inc
  • DSM NV
  • Tate & Lyle plc (Tate & Lyle Oat Ingredients)
  • Groupe Soufflet SA (AIT Ingredients)
  • Zilor Inc (Biorigin)
  • Cargill Incorporated