Beta Glucan Based Products Market Analysis By Type (Cereals, Yeast, Mushrooms, Others), By Application (Food & Beverages, Health & Dietary Supplements, Cosmetics) & Forecast 2024-2035
- PUBLISHED ON
- 17/03/2023
- NO OF PAGES
- 276
- CATEGORY
- Food & Beverages
With fluctuating trends from administered to natural food articles due to upsurge in health expenditure, increasing demand for clean-label products as a result of growing disposable incomes, and the many health assistances of beta glucan, such as its anti-cancer and low cholesterol properties, are majorly boosting the growth of the market. The request for clean label products has also rejuvenated the demand for nutritious food supplements over artificial ingredients, which is another boosting factor of the complete market for beta glucan. Hence, the swelling demand for nutritious products, manufacturers of nutraceuticals, and food and beverage manufacturers are rapidly including natural and nutritious plant-based products such as beta glucan, thereby pushing the growth of the market.
The growth in the global market for beta glucan is being compelled by the fluctuating consumer inclination towards healthy food items. This can be accredited to the increasing awareness regarding healthy food consumption, specifically amidst the global COVID-19 pandemic, hence expanding the demand for plant-based beta glucan.
Type Insights
Global beta glucan based products market is segmented into cereals, yeast, mushrooms, and others. The market was dominated by the segment of cereals. Lately, glucose polymer has grown into a lot of consideration as a fibre that can be found in and inaccessible from the cell walls of numerous cereals and grains, including barley and oats. The beta glucan found in grains and cereals is recognised to provide a number of health advantages. One of the key profits is the capacity to control blood cholesterol levels. The major sources of beta-glucan are supposed to be barley and oats, and beta-glucan is thought to be abundantly found in grains. They have a renowned high beta-glucan content. Beta glucan retains the body healthy and funds the preservation of the digestive system, predominantly the intestinal tract. Low price and easy entree to grains and cereals are further factors in the rising economy.
Region Insights
Asia Pacific is projected to have the largest market share and is likely to continue to lead the global market in revenue during the anticipated period. The APAC region’s fastest economic growth is accredited to China, where the need for beta-glucans is increasing owing to fluctuating lifestyle inclinations and a booming dairy industry. Customers in China are becoming more conscious of the health benefits of functional foods; in the coming years, demand for beta-glucan will be obsessed by the disposable economy beside a rise in the need for a diet rich in protein and capable of boosting energy. Owing to current food-related issues in China, like the use of melamine in dairy products, customers have also initiated purchasing imported goods. These products are measured higher quality, more dependable, and include more important functional components.
Key Companies Insights
The market for beta glucan based products is moderately competitive. With the rising applications of beta glucan based products, new players are considering to enter the market. The companies are also involved in events like acquisitions, joint ventures, partnerships, mergers, and collaborations. These activities aid in growing the effect of the players in the beta glucan based products market, ultimately boosting the market growth.
• Cargill, Inc.
• Tate and Lyle PLC
• Kerry Group plc
• Koninklijke DSM N.V.
• Merck KGaA
• Lesaffre and CIE
• Kemin Industries
• AngelYeast Co., Ltd.
• Biotec Pharmacon ASA
• Other players
Some of the Recent Developments:
• In June 2020, Lesaffre took a portion of the Chinese Company Biohymn Biotechnology. Biohymn Biotechnology is mainly concerned with the production of yeast and yeast extracts.
• In Jun 2020, Tate & Lyle PLC and Solevo, a leading distributor of chemicals announced a distributor partnership.
Segments
By Type
• Cereals
• Yeast
• Mushrooms
• Others
By Application
• Food & Beverages
• Health & Dietary Supplements
• Cosmetics
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Historic Year: 2016-2022
Forecast: 2024-2035
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