Beta Glucan Market Outlook 2031
The global beta glucan market size was valued at USD 451.81 million in 2022 and is projected to reach USD 859.00 million by 2031, expanding at a CAGR of 7.4% during the forecast period, 2023–2031. Growth of the market is attributed to growing preference for natural and process free food and rising concern about health among customers.
Beta glucan are naturally occurred in the cereals, fungi, algae, lichens, plants, and bacteria with various physiochemical properties. Beta glucan are mostly used as medicines for heart diseases and high cholesterol. It is used as food additive in various products including frozen desserts, sour cream, dressings, and cheese spreads.
Beta glucans reduces the blood cholesterol by preventing the absorption of cholesterol from the food in the intestines and stomach. It helps in various health conditions such as diabetes, allergies, and asthmas. It even helps in fighting with cancer and boosting the immunity.
Beta Glucan Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for healthy foods among consumers is projected to boost the market during the forecast period.
- Rising health expenditure is anticipated to drive the market.
- Rapid growth of food industry is a major factor propelling the market during the forecast period.
- Reduction in the prices of raw material is estimated to spur the market in the coming years.
- Strict policies by government act as major challenge that hampers the market.
- Lack of knowledge and awareness about the beta glucan act as key factor that can impede the market growth.
- Increasing economy and changing lifestyles of people is projected to create significant opportunities for the market players.
- R&D investment and technological advancements are projected to create immense opportunities for the market players.
Scope of The Beta Glucan Market Report
The report on the global beta glucan market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Beta Glucan Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Categories (Insoluble and Soluble), Applications (Healthcare and Dietary Supplements, Food and Beverage, and Other Applications), Sources (Mushroom, Cereals, Yeast, and Other Sources)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cargill, Tate & Lyle PLC, Super Beta Glucan, Sigma Aldrich Corporation, Kerry Group, Garuda International, Specialty Biotech, and Biorigin
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Beta Glucan Market Segment Insights:
The soluble segment is projected to account for a large market share
In terms of categories, the global beta glucan market is bifurcated into insoluble and soluble. The soluble segment is expected to constitute a key share of the market during the forecast period. It improves the gut health of an individual. It is found in oats which is large carrier of good cholesterol and prevents oils getting reabsorbed in the bloodstream which reduces the risk of heart or liver diseases.
The healthcare and dietary segment is projected to hold a major market share
Based on applications, the global beta glucan market is divided into healthcare and dietary supplements, food and beverage, and other applications. The healthcare and dietary segment is expected to represent a key share of the market in the coming years due to growing awareness related to health benefits in consuming healthcare and dietary supplements. Health conscious customers demand for beta glucan in dietary supplements.
The cereals segment is projected to represent a large market share
On the basis of sources, the global beta glucan market is segregated into mushroom, cereals, yeast, and other sources. The cereals segment is expected to hold a key share of the market during the forecast period owing to positive impact on body as it has dietary fibers found in oats and barley. Cereals are the largest source of beta glucan. It is very important in regulating the human health.
Europe is anticipated to dominate the market
On the basis of regions, the global beta glucan market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Europe is anticipated to expand at a substantial CAGR during the forecast period. The regional market growth can be attributed to increasing demand for beta glucan in various countries located in the region. The healthy food category is witnessing innovations in the food industry is expected to drive the market in the region.
Segments
The global beta glucan market has been segmented on the basis of
Category
Application
- Healthcare and Dietary Supplements
- Food and Beverage
- Other Applications
Source
- Mushroom
- Cereals
- Yeast
- Other Sources
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Cargill
- Tate & Lyle PLC
- Super Beta Glucan
- Sigma Aldrich Corporation
- Kerry Group
- Garuda International
- Specialty Biotech
- Biorigin
Competitive Landscape
Key players competing in the global beta glucan market include Cargill, Tate & Lyle PLC, Super Beta Glucan, Sigma Aldrich Corporation, Kerry Group, Garuda International, Specialty Biotech, and Biorigin. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.