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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
The global beta glucan based products market size was valued at USD 500 million in 2021 and is projected to reach around USD 1,000 million in 2030 exhibiting a CAGR of 7.5% in the forecasted period. The key factors disturbing the industrial growth include the consumers’ rising concern for their health and need for an unprocessed, growing number of chronic diseases and the increasing geriatric population would benefit the market grow substantially during the forecasted period. However, the However, the abnormality in regulatory norms prevailing beta-glucan and the presence of the additional substances are projected to act as a restraint towards the growth of beta-glucan based products market.

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.
Some of the key companies working in the global beta glucan based products market include:
• 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
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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