The North America beta-glucan market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing health consciousness among consumers and rising health expenditure.
Glucan is a group of glucose polymers that can be categorized as alpha or beta linked depending on its interchangeable linking. Beta glucan is a diverse group of Nan starch polysaccharides that is connected to D-glucose monomer. In general, beta glucan refers to the sugars present in the cell walls of bacteria, fungus, yeast, and plants like oats and barley. There are some evidence that beta glucan has health advantages and is used to strengthen immunity, diabetes, and cancer, and others.
Beta glucan has a number of advantages and health benefits, including the ability to aid with asthma, allergies, diabetes, and other diseases. Beta glucan may also assist in keeping cholesterol levels in balance or under control. It also helps to maintain a healthy blood pressure and blood sugar level. As a result, diabetic people benefit from it as well. According to certain studies, beta glucan activates a number of cells and proteins in the human body, which aids in the battle against cancer. It also helps in the enhancement of immunity, allowing it to combat common diseases such as colds and flu. It has also revealed certain drawbacks or adverse effects.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing health consciousness among consumers is projected to fuel the market during the forecast period.
- Rising health expenditure is key factors propelling the market in the coming years.
- High price of beta-glucan extraction is estimated to hamper the market growth.
- Lack of consistency in beta-glucan regulation standard act as major challenges that can restrict the market in the coming years.
- R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.
Scope of the Report
The report on the North America beta-glucan market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Beta-glucan Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Category (Soluble and Insoluble), Application (Food & Beverages, Healthcare & Supplements, and Others), Source (Cereal, Yeast, Mushroom, and Others)
United States, Mexico, Canada, and Rest of North America
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Super Beta-glucan; Associated British Foods Plc; Kerry Group; Tate & Lyle PLC; Koninklijke DSM N.V.
Market Segment Insights
The soluble segment is projected to represent a major market share
Based on category, the North America beta-glucan market is bifurcated into soluble and insoluble. The soluble segment is expected to represent a key share of the market during the forecast period. Companies manufacture items with a smooth texture thanks to high solubility or soluble beta-glucan. Although it may be easily absorbed into the skin to produce desired aesthetic or dermatologic outcomes, soluble beta-glucan is increasingly being used in the cosmetics sector to make creams and lotions. Manufacturers are now offering soluble beta-glucan, which has high water solubility than insoluble beta-glucan, making it suitable for a wide range of uses. For example, Tate & Lyle sells promOat beta glucan, a chemical-free soluble oat bran fibre derived from wholegrain oats. It's soluble and has excellent water-binding and emulsifying characteristics, giving it a smooth and creamy texture in drinks, dairy, soups, sauces, and dressings.
The food & beverages segment is expected to grow at a rapid pace
On the basis of, the North America beta-glucan market is segregated into food & beverages, healthcare & supplements, and others. The food & beverages segment is expected to represent a key share of the market during the forecast period. The food and beverage industry is booming, due to strong demand for plant-based foods and ingredients in a variety of industries, including nutraceuticals, functional drinks, and others. Consumers are becoming aware and demanding plant-based meals and ingredients in order to prevent growing health and illness incidences and to meet their nutritional needs through their daily diet. Because of its various health advantages, producers have been urged to include a large amount of beta-glucan in their processing due to the growing popularity and knowledge of natural and plant-derived food components among customers.
The yeast segment is anticipated to expand at a high CAGR
In terms of source, the North America beta-glucan market is segmented into cereal, yeast, mushroom, and others. The yeast segment is expected to represent a key share of the market during the forecast period. Manufacturers favour yeast as a source of raw material for extracting beta-glucan in the market. In comparison to other beta-glucan sources available on the market, producers primarily serve a broad variety of yeast-derived beta-glucan to their connected end-users. To minimize functional and nutritional disruption in the final products, considerable attention and avoidance are required throughout the procurement and extraction of yeast beta-glucan. The high price of beta-glucan on the market is due to the needed technological improvements in the yeast extraction technique.
The United States is expected to dominate the market
On the basis of geography, the North America beta-glucan market is classified as the United States, Mexico, Canada, and Rest of North America. The United States is anticipated to dominate the market during the forecast period. There is a substantial surge in demand for nutritional food and drinks infused with beta-glucan, probiotics, and DHA in the United States, since these components are linked to less respiratory diseases and allergy symptoms. Due to millennia’s' propensity toward natural ingredients and rising preference for clean label food items, the beta and algae glucan market is projected to see substantial demand among consumers aged 19 to 55. Furthermore, algae and yeast beta-glucan have been shown to be a multi-purpose substance that may strengthen and boost the immune system.
Segments Covered in the Report
The North America beta-glucan market has been segmented on the basis of
- Food & Beverages
- Healthcare & Supplements
- United States
- Rest of North America
- Super Beta-glucan
- Associated British Foods Plc
- Kerry Group
- Tate & Lyle PLC
- Koninklijke DSM N.V.
Key players competing in the North America beta-glucan market include Super Beta-glucan, Associated British Foods Plc, Kerry Group, Tate & Lyle PLC, and Koninklijke DSM N.V.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.