Beta-Glucan Market Size, Share, Global Trends and Forecast to 2028

 

Beta Glucan Market

The Beta-Glucan Market was valued at USD 326 Million in 2020 and anticipated to grow at a robust CAGR of 7.6% over the forecast period (2021-2028).

The factors driving the growth of Beta Glucan Market includes rising consciousness about the nutritional values of algae, increasing cases of chronic diseases such as cancer, heart related diseases, obesity, and diabetes. According to the report published by World Health Organization (WHO), nearly 1.5 million people around the world, died due to diabetes in 2019, currently around 463 million people are living with diabetes across the world and this figure is expected to reach 700 million by the end of 2045. Moreover, the rapid expansion of Nutraceutical and Food & Beverage industries, consumers inclination to adopt healthy lifestyles and increasing application of Beta Glucan in cosmetics and personal care products, are some of the additional factors augmenting the Beta-Glucan Market size. In addition, the increasing Government’s expenditure on healthcare services and growing investments in research and development for enhancing the product quality, are propelling the market growth.

However, the growth of Beta Glucan Market is hindered due to growing cost of extracting cereals to get the final products.

The prominent players operating in the market are Zilor Inc (Biorigin), Cargill Incorporated, Biotec Pharmacon ASA, Biothera Pharmaceticals, DSM NV, Tate & Lyle plc (Tate & Lyle Oat Ingredients), Ceapro Inc, Immunomedic AS, Groupe Soufflet SA (AIT Ingredients) and Super Beta Glucan Inc among others.

Source – Segment Analysis

Based on source, the yeast segment is projected to expand at faster CAGR during the forecast period. The increasing application of yeast in food and beverage and pharmaceutical industry owing to its cost-effective features and its use in the treatment of cancer, are some of the important factors responsible for the growth of the segment.

Type – Segment Analysis

Based on type, the soluble fibers segment is anticipated to capture significant market share over the forecast period because it helps in reducing cholesterol and its increasing application in the pharmaceutical industry.

Regional – Segment Analysis

Based on region, the Asia-Pacific region is predicted to grow at remarkable CAGR during the forecast period. The abundance of cheap labor, rising trend of mushroom cultivation, increasing demand for nutrition rich food supplements, booming cosmetic industry, and rising disposable income, have propelled the overall market growth in Asia-Pacific region. According to Statista, the Cosmetic industry pan India was valued around USD 11 billion in 2017 and it is predicted to reach USD 20 billion by the end of 2025.

Market Segmentation

Global Beta-Glucan Market by Source

  • Cereal
  • Mushroom
  • Yeast
  • Seawood

Global Beta-Glucan Market by Type

  • Soluble
  • Insoluble

Global Beta-Glucan Market by Application

  • Food & Beverages
  • Cosmetics & Personal Care
  • Pharmaceutical
  • Animal Feed
  • Others

Global Beta-Glucan Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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