by The global Beta Glucan Market is estimated to be valued at US$ 551.4 Mn in 2023 and is expected to exhibit a CAGR of 8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Beta glucan is a type of soluble fiber found in various natural sources such as oats, barley, mushrooms, and yeast. It is widely used in food and beverages, dietary supplements, pharmaceuticals, and personal care products due to its potential health benefits. Beta glucan helps in boosting the immune system, reducing cholesterol levels, promoting heart health, and improving digestion. Increasing consumer awareness regarding the health benefits of beta glucan is driving the market growth. Moreover, the rising prevalence of chronic diseases and the growing demand for functional foods and supplements are further fueling the market expansion.
Market Key Trends:
One key trend in the Global Beta Glucan Market is the increasing adoption of beta glucan in the pharmaceutical industry. Beta glucan has potential applications in the prevention and treatment of several diseases such as cancer, diabetes, and obesity. It has been found to possess anti-inflammatory, immunomodulatory, and anti-tumor properties. The growing research and development activities in the pharmaceutical sector to explore the therapeutic potential of beta glucan are expected to drive market growth. Additionally, the rising demand for natural and plant-based ingredients in pharmaceutical products is further propelling the utilization of beta glucan.
PEST Analysis:
Political: The political factors impacting the beta glucan market include regulations and policies related to food safety and labeling. Compliance with these regulations is important for players in the market to ensure consumer trust and meet legal requirements.
Economic: The economic factors influencing the beta glucan market include overall economic growth, disposable income levels, and purchasing power of consumers. As the global economy continues to recover and consumer spending increases, the demand for beta glucan products is expected to rise.
Social: The social factors impacting the market include the growing awareness among consumers about the health benefits of beta glucan, such as its immune-boosting and cholesterol-lowering properties. Increasing health consciousness and the preference for natural and organic ingredients are driving the demand for beta glucan products.
Technological: The technological factors influencing the beta glucan market include advancements in extraction and processing techniques, which have led to improved product quality and increased efficiency. Technological innovations are expected to drive the development of new product formulations and enhance the market’s growth potential.
Key Takeaways:
Market Size: The global beta glucan market is expected to witness high growth, exhibiting a CAGR of 8% over the forecast period from 2023 to 2030. Factors driving this growth include increasing consumer awareness about the health benefits of beta glucan, rising disposable incomes, and advancements in extraction and processing technologies.
Regional Analysis: North America is expected to be the fastest growing and dominating region in the beta glucan market. The region’s strong healthcare infrastructure, increasing health-conscious population, and rising demand for functional food and dietary supplements are contributing to the growth of the market in North America.
Key Players: Key players operating in the beta glucan market include Associated British Foods Plc, Biotec Pharmacon ASA, Biothera, Ceapro Inc., Immuno Medic AS, Koninklijke DSM N.V., Super Beta Glucan Inc., Groupe Soufflet S.A, Tate & Lyle plc., and Zilor Inc. These players are focusing on product innovation, strategic partnerships, and expansion strategies to strengthen their market presence and gain a competitive edge in the beta glucan market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
