Beta Glucan Market Size, Share & Industry Analysis, By Source (Yeast, Mushroom, Cereals, and Microalgae), By Application (Food & Beverages, Animal Feed, Personal Care, Pharmaceuticals, and Others), Type (1,3 Beta Glucan, 1,4 Beta Glucan, and 1,6 Beta Glucan), and Regional Forecasts, 2019-2032

The global beta glucan market size was valued at USD 313.90 million in 2018. It is projected to reach USD 847.27 million by 2032, exhibiting a CAGR of 7.38% during the forecast period. North America dominated the beta glucan market with a market share of 44.54% in 2018.

Moreover, the beta glucan market in the U.S. is projected to grow significantly, reaching an estimated value of USD 244.96 million by 2032, driven by rising consumer awareness of immune health, increasing demand for functional food ingredients, and the expanding use of beta glucan in dietary supplements and personal care products.

Beta-glucan is a polysaccharide in nature found in the cell walls of cereal grains (barley, oats, and rye & wheat to a lesser degree), baker’s yeast, mushrooms, and others. This is a plant-derived natural ingredient and has been scientifically proven to promote human and animal health in a number of important ways, such as maintaining the immune system, lowering the blood sugar level in the human body, and others. The beneficial offerings of beta-glucan are specifically designed to meet the changing nutritional diets and its requirements among the global consumers that have developed its strong association with numerous applications, such as dietary supplements, functional food, personal care, and others in the global marketplace.

Beta Glucan Market Snapshot & Highlights

Market Size & Forecast:

• 2018 Market Size: USD 313.90 million
• 2032 Forecast Market Size: USD 847.27 million
• CAGR: 7.38% from 2019–2032

Market Share:

• North America dominated the beta glucan market with a 44.54% share in 2018, driven by high consumption of nutraceutical and pharmaceutical products, rising health awareness, and expanding use in dietary supplements and personal care.
• By type, (1,3) beta glucan is the most popular due to its easy extraction process and wide applicability in pharmaceuticals, cosmetics, and personal care industries.

Key Country Highlights:

• United States: The market is projected to reach USD 244.96 million by 2032, fueled by increased consumer focus on immune health, and the rising demand for functional foods, supplements, and algae-derived beta glucan products.
• Canada: Rising popularity of plant-derived nutraceuticals and government support for clean-label ingredients support the demand for beta glucan.
• India: Rapid growth in food & beverage and pharmaceutical sectors, along with growing consumer awareness of nutritional supplements, is boosting market expansion.
• China: Strong demand for functional and fortified foods, and rising interest in plant-based ingredients like beta glucan, are driving growth.

Beta Glucan MARKET latest TRENDS

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Rising Consumer Shift towards Plant-derived Food and Food Supplements

The global beta-glucan market is majorly propelled by the increasing shift of consumers towards plant-derived food and food ingredients that can fulfill the nutrient requirements and improve the nutrient intake in their daily diet. The rising world population, increasing awareness of necessary nutrition, coupled with innovative extraction technologies, is anticipated to drive and fuel the global market in the upcoming years.

Beta Glucan MARKET Growth Factors

Growing Demand and Popularity for Nutraceutical Products Trigger the Utility of Beta Glucan in the Global Marketplace

The global market majorly propelled due to the rapid expansion of the nutraceutical sector across the world. Consumers are adopting innovative ways to fulfill their nutritional requirements by consuming functional foods and other dietary supplements in their regular diet. The demand for such nutrient-added food products is rapidly growing among consumers who are adopting a healthy diet, such as athletes, gym-goers, and other health-conscious populations, with added nutritional properties in the food.

Nutraceutical manufacturers are concentrating on offering and formulating varied and natural supplements infused with the benefits of β-glucan specifically to improve gut and immune health. The rising popularity of the go-green trend and plant-derived food ingredients across the world has resulted in the increased utility of β-glucan in the manufacturing process for the past few years. The anticipation of the upcoming environment and emerging demand for such nutrient-infused supplements ensures the future growth of β-glucan in the global marketplace.

“Abundant Availability of Raw Material Promotes the Production of Beta Glucan among the Manufacturers ”

The popularity of β-glucan is rising across the world, owing to its beneficial health properties that have resulted in the expansion of its end-user spectrum, such as pharmaceuticals, cosmetics, and others. The manufacturers are necessitated to introduce more and varied β-glucan to meet its growing demand among the end-users. Oat is one of the most popular sources to extract β-glucan across the world. The production of oats has risen across the globe in the past few years, and its abundant availability is one of the significant factors that is encouraging manufacturers to accelerate the overall β-glucan production in the global market.

MARKET RESTRAINT

Increasing Prevalence of Hypoglycemia (Low Blood Sugar) Cases Results in the Controlled Consumption of Beta Glucan among Dthe iabetic Population

The prevalence of the diabetic population across the world is increasing due to a lack of nutritional guidance and a lack of insulin in the body. The diabetic cases may include both hypoglycemia, patients with low blood sugar levels, and hyperglycemia, patients with high blood sugar levels. The β-glucan is popular for its functional property that lowers the blood sugar level in the body, which has restricted the β-glucan consumption among the hypoglycemia population. However, the hypoglycemia population can benefit from the consumption of β-glucan in irregular intervals without affecting the blood sugar levels in the body.

According to the Global Diabetes Community, U.K., it is estimated that 415 million people were suffering from diabetes in 2018 across the world, and it is expected to rise to 642 million people living with the disease worldwide by 2040.

Beta Glucan Market SEGMENTATION Analysis

By Source Analysis

Yeast Beta Glucan is dominating in the Global Marketplace – Oat Beta Glucan is expected to witness Higher Growth Owing to its Availability and Efficient Extraction Process

Globally, yeast is the preferred source of raw material among manufacturers to extract beta-glucan in the market. The manufacturers are primarily serving a broad range of yeast-derived β-glucan to their associated end-users as compared to other sources available in the market. The sourcing and extraction of yeast β-glucan need careful attention and prevention during the process to avoid functional and nutritional disruption in the final products. The required technological advancements in the yeast extraction method are resulting in the high price of beta-glucan in the market. Thus, yeast has become a dominating source in the global market.

Furthermore, manufacturers are capitalizing on proliferating research and development techniques to lower manufacturing costs with an efficient extraction process. The ongoing study on extraction cost reduction results in the high growth of oat-derived β-glucan with impressive contents and nutrients. Thus, the cereal source is expected to grow at the fastest pace in the global market in the forecast period.

However, the rising awareness and increasing production of algae have positively influenced the market. Manufacturers are sourcing algae from several coastal countries, such as India, Thailand, and others, to offer its benefits through β-glucan, which is expected to grow over the coming years.

By Application Analysis

Food & Beverages is the Leading Segment across the Globe, due to Rapid Expansion and Acceptance of Functional Food among Consumers

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The global food & beverages market is growing and expanding with the increasing demand for plant-derived food and food ingredients across many sectors, such as nutraceuticals, functional beverages, and others. Nowadays, consumers across the world are becoming aware and demanding plant-based foods and ingredients to avoid rising incidents of health and diseases and to fulfill their nutritional requirements through their daily diet. The rising popularity and awareness of natural and plant-derived food ingredients among consumers have encouraged manufacturers to utilize β-glucan in their processing, owing to its numerous health benefits. The global nutraceutical sector is one of the major sectors to utilize a huge quantity of β-glucan, which offers innovative foods and nutritional beverages, such as dietary supplements, functional beverages, and other fortified foods in the market. Thus, the growing nutraceutical sector and increasing demand for plant-based foods are some of the major factors that make the food & beverages sector dominant among the others. However, the rise in spending on cosmetics and pharmaceuticals is also fueling the utility of β-glucan in their product processing.

By Type Analysis

“(1,3) Beta Glucan is the Most Popular type among all, Owing to its Easy Extraction Process”

(1,3) beta-glucan is the most popular type in the global beta market, compared to its other types, viz. (1,4) and (1,6). Most manufacturers are serving (1,3) beta-glucan in their product portfolio, owing to its easy extraction techniques. These are highly associated with the fastest-growing industries, such as pharmaceuticals, cosmetics, and other personal care products, and are ideal for use in their production processes.

REGIONAL ANALYSIS

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North America Beta Glucan Market is expected to hold the Largest Market Share, Owing to the High Consumption of Nutraceutical and Pharmaceutical Products

North America is one of the major marketplaces in the world with immense potential for the utility and consumption of β-glucan in several applications, such as functional food, dietary supplements, nutritional drinks, medicinal applications, and others. The increasing obese population and their increasing concerns over health are some of the major factors leading them to prefer nutritional medication in the region. According to the Centers for Disease Control and Prevention, U.S., the prevalence of obesity was valued at 39.8% and affected around 93.3 million of the U.S. adult population in 2015-2016. Consumers are looking for easy intake of nutrients and accepting the idea of curing illnesses through food products and supplements. The growing popularity of algae-derived products and awareness of their benefits among consumers has created a huge market potential for food and beverage manufacturers in the region. The manufacturers are highly utilizing such opportunities by launching new and innovative algae-derived β-glucan in countries such as the U.S., Canada, and Mexico, which makes the region a leader across the world.

Asia Pacific is the fastest-growing region with immense potential for β-glucan and has witnessed the fastest growth rate across the world. The rapid expansion of pharmaceutical industries and evolving food & beverage sectors are the two major pillars that are driving the β-glucan market across the region. On the other hand, consumers in several countries such as China, Japan, India, and others are becoming more aware and conscious about their health and beauty. The increasing popularity and awareness of natural food ingredients and their benefits among consumers have fueled the demand for natural and plant-derived ingredients, which is encouraging manufacturers to produce natural ingredients, such as β-glucan, stevia, and others.

KEY INDUSTRY PLAYERS

Fragmented Industry Structure in Global Beta Glucan Market

The global beta-glucan market is highly fragmented, due to the emergence of several local and domestic players in the global marketplace. The β-glucan manufacturers are intensively capitalizing on reinforcing the distribution network, implementation of cost reduction techniques, and placement of varied β-glucan products in the global marketplace. Private label and region-dominant players such as Kerry Group Plc., Givaudan SA, Euglena Co. Ltd., and others have set new standards for innovation and development of cost-effective specialized β-glucan, such as derived from cereals and algae. This is further encouraging natural ingredient giants to scale up their product launch and expand their product portfolios in the foreseeable future.

List of Top Beta Glucan Companies:

• 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.

KEY INDUSTRY DEVELOPMENTS:

• In November 2019, Kerry Group plc. created and implemented an artificial intelligence platform viz. Kerry TrendSpotter, developed in partnership with IBM Watson. The technology will analyze the need & demands of millions of consumers through social media to forecast future demand and beta glucan market trends for products and other natural food & food ingredients in the global market place.
• In November 2019, Givaudan SA has announced to acquire cosmetic business of Indena to expand its active beauty business in Italy. The agreement will help Givaudan SA by providing them with the existing manufacturing facilities of Indena to increase the production of several cosmetics ingredients such as beta-glucan and natural colors.

Report Coverage 

The nutraceutical industry has witnessed significant growth in beta-glucan sale. The growing world population is stepping towards an increased awareness of plant-based ingredients and demand for nutritional foods with high efficacy. Furthermore, the bio-based food & food ingredient trends and modern technologies, such as innovation in extraction methods with low input, and others, will support the growth of the beta glucan market in the future years.

An Infographic Representation of Beta Glucan Market

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The report provides qualitative and quantitative insights into the market. It also offers a detailed analysis of its utility, applications, availability of raw materials, types, market size, and growth rate for all possible segments.

The report also provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report include an overview of related markets, recent industry developments such as mergers and acquisitions, the regulatory scenario in critical countries, and key industry trends.

Report Scope & Segmentation