Beta Glucan Market Size to Reach USD 560.65 Million by 2026; Launch of Predictive Artificial Intelligence Tool by Kerry Group to Bolster Growth

The global beta glucan market size is expected to reach USD 560.65 million by 2026. The growing popularity of this owing to its superior health benefits such as lowering cholesterol and blood sugar management will aid significantly to the growth of the market during the forecast period, mentioned in a report, titled “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 – 2026” the market size stood at USD 313.90 million in 2018 and is likely to exhibit a CAGR of 7.60% between 2019 to 2026.

Launch of Predictive Artificial Intelligence Tool by Kerry Group  to Boost Market Scope

Kerry Group Plc, a public food company headquartered in Ireland partnered with IBM to launch predictive artificial intelligence (AI) tool. The AI tool is intended to help manufacturers to understand consumer preferences and aid in the launch of products. Apart from that, the platform will also enable organizations to utilize unstructured data to better understand consumer behavioral pattern and needs with real-time analysis. The launch of the new platform will boost the beta glucan market trends owing to its capabilities, which will help in detecting and identifying food trends for organizations. In addition, the real-time analysis of the platform will increase profitability and thus ensure waste reduction for food and beverage brands, which in turn will augment the healthy growth of the market in the forthcoming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/beta-glucan-market-100532

High Availability of Raw Material to Support the production of Beta Glucan

The rising awareness regarding the beneficial properties of beta glucan will accelerate the market share. The growing applications of this in the end-use industries such as pharmaceuticals, cosmetics, and others will spur new business opportunities for the market in the forthcoming years.  The growing focus of manufacturers to introduce more products infused with beta glucan to cater to the demand of the consumers will also contribute positively to the market growth. “The surge in oat production owing to its growing popularity will encourage the manufacturers to increase production, which in turn will boost the market growth”, predicts our lead analysts at Fortune Business Insights. In addition, the growing R&D activities to reduce the manufacturing cost and produce novel products by the manufacturer will enhance the beta glucan market scope in the foreseeable future. Moreover, the strategic mergers and acquisitions of leading players will aid in the market expansion. For instance, in November 2019, Givaudan SA announced to obtain the cosmetic business of Indena to expand its active beauty business in Italy.  The agreement will help Givaudan SA and Indena to increase their  production processes for several cosmetics ingredients such as beta glucan and natural colors

Implementation of Cost Reduction Techniques to Proliferate Production

The growing focus of manufacturers towards capitalizing and reinforcing  their distribution network will subsequently  bolster healthy growth of the market in the forthcoming years. The growing emphasis on cost reduction techniques to increase the production process and offer novel products. Numerous key players and emerging local players are fixated on launching innovative and cost-effective specialized beta glucan derived from cereals and algae, which in turn will promote the growth of the market. In addition, the enhancement in product portfolio and growing adoption of  organic and nutrition-filled food and supplements will impel the manufacturer to launch beta glucan-based products, therefore benefiting the market.

Some of the Key companies in the Beta Glucan Market Include:

• Kerry Group plc.


• Givaudan SA


• Koninklijke DSM N.V.


• Euglena Co. Ltd


• Biotec Pharmacon ASA


• Tate & Lyle plc.


• Lesaffre Group


• Kemin Industries, Inc.

Further Report Findings:

• Regional Analysis: North America generated a revenue of USD 139.80 Million in 2018 and is likely to remain dominant during the forecast period owing to the presence of numerous manufacturers in the region. Asia Pacific is likely to witness high demand in the forthcoming years due to the rapid expansion of pharmaceutical industries and budding food & beverages sector.


• Leading Segment: Food and beverage held a market share of 49.55% in 2018 and is predicted to grow rapidly in the forthcoming years owing to the rising popularity and awareness of natural and plant-derived food ingredients among consumers.

The Market is Segmented into: