by Market Overview:
Beta glucan is a type of soluble fiber found in some cereal grains such as oats and barley. It has immunity boosting properties and helps maintain healthy cholesterol levels. It is widely used in nutraceuticals, functional food & beverages, animal feed, and pharmaceutical formulations. Some key uses of beta glucan include its addition in yogurts, cereals, snack bars etc. to enhance fiber content and immunity boosting properties. Pharmaceutical applications include drugs for treating obesity, diabetes and cardiovascular diseases.
Market Dynamics:
The growth of the beta glucan market is driven by increasing health consciousness among consumers and rising demand for functional food and dietary supplements. Beta glucan is considered as a wonder ingredient that can boost immunity, regulate blood sugar levels, lower cholesterol, aid in weight management and gut health. This has resulted in growing demand for beta glucan enriched nutraceuticals and functional food and beverages.
Another key driver is rising prevalence of lifestyle diseases such as diabetes, obesity, cardiovascular diseases etc. Beta glucan helps in management and prevention of these diseases due to its various health benefits. This is further augmenting the demand from pharmaceutical applications.
The global Beta Glucan Market Size is estimated to be valued at US$ 595.51 Mn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Segment Analysis
The global beta glucan market is segmented into source, application and end use. Based on source, the market is divided into cereals, mushrooms and yeasts. The cereals segment dominates the market as beta glucan is majorly extracted from oats and barley. Oat beta glucan has high viscosity and forms gel-like structure, thereby dominating the cereals segment.
PEST Analysis
Political: Governments worldwide are supporting research on beta glucan due to its health benefits. They provide funds for clinical trials.
Economic: Increasing health consciousness and disposable incomes are driving demand for immune-boosting supplements containing beta glucan.
Social: Growing awareness about preventive healthcare and immunity boosting supplements is fueling market growth.
Technological: Advancements in extraction processes are helping lower the production cost of beta glucan. New applications in functional foods are also being developed.
Key Takeaways
The global beta glucan market is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing health consciousness. The market size for 2023 is US$ 595.51 Mn.
North America dominates the market currently due to high awareness levels and large consumer base opting for health supplements. However, Asia Pacific is expected to be the fastest growing market owing to rising living standards and growing health supplement industry in China and India.
Key players operating in the beta glucan market are Associated British Foods Plc, Biotec Pharmacon ASA (Biotec BetaGlucans AS), Biothera, the Immune Health Company, Ceapro Inc., Immuno Medic AS, Koninklijke DSM N.V., Super Beta Glucan (SBG) Inc., Groupe Soufflet S.A (AIT Ingredients), Tate & Lyle plc. (Tate & Lyle Oats Ingredients), and Zilor Inc. (Biorigin). These players are focusing on new product launches and expansion in emerging markets.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
