The global Beta Glucan market is expected to be valued at USD 1,200 million in the year 2021, growing to about USD 2,108.8 million by the year 2032, with a CAGR (compound annual growth rate) of 5.8% over the analysis period. Beta Glucan is predicted to grow rapidly due to a number of growth-promoting variables, including a shift in customer preferences favoring vegan diets or plant-based foods, an increase in public health consciousness, and the availability of healthier products that provide customers with improved nutrients.
As demand has switched from commercial food products to nutritious food, food supplements, and superfoods, customers have become more aware of health and engaged in preserving that through healthy lifestyles. Customers are increasingly aware of food products and read nutritional info and product ingredients more carefully. Increasing demand for healthy meals and supplements has resulted from this change in consumer behaviour, driving a slew of completely new, non-genetically engineered, and organically as well as naturally grown food products to hit the market. As individuals become increasingly concerned about safety, health, and fitness, the market for versatile beta-glucan is expected to increase in the coming years.
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Key takeaways:
- Beta-glucan meals and supplementation are heart-healthy and can help with anything from memory development to preventing cancer. As per research, it has anticancer, antibacterial, anti-allergic, and immune-enhancing characteristics. It has the capability to reduce cardiovascular disease risk.
- The market for Beta Glucan is expected to be valued at USD 29 Mn in the year 2021 and is estimated to have a robust growth registering a CAGR of 10.9 % and reaching a colossal market value of USD 132 Mn by the year 2027.
- China is going to lead the Asian market as it enjoys a market share of 32% of the region with an approximated market value of USD 76.8Mn.
- With the rising cases of cardiovascular diseases, obesity, and diabetes in the UK, the demand for beta Glucan has grown significantly. Currently, the UK holds a market share of 22% in the region with a market worth of USD 81.8Mn
“The Beta Glucan market has grown significantly due to the rising cases of cardiovascular diseases, increased cholesterol levels, obesity, and diabetes. Various promoting factors like increasing health awareness among consumers and demand for functional foods that could help them in achieving a healthy diet has led to the booming growth of beta Glucan Market,” says a lead analyst at Future Market Insights.
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Competitive landscape:
The Growth of Beta Glucan can be attributed to the vast range of applications from being a functional food to applications as a major component in the pharmaceutical industry and cosmetic market. The increasing reach in terms of wide application will boost the growth of this segment market in this decade.
Personal care and cosmetics firms use beta-glucan, which is generated from oats, in their products. Beta-glucan helps to repair complexion by exfoliating the layer of the skin and providing keratinocytes with protective effects. Evonik, for instance, has produced a natural biopolymer produced from beta-glucan that provides excellent skin protection. Tego Cosmo LSG is a beta Glucan that is found naturally, that has a number of applications in cosmetic industry products. It has minimal thickening characteristics and can be employed at a high dose in cosmetics compositions given the low molecular mass.
The mushroom’s anti-allergic, anti-tumor and anti-cholesterol properties make it an effective remedy for serious illnesses such as AIDS, cancer, and skin issues. Mushrooms are a strong choice for pharmaceutical and nutraceutical applications since their fiber content helps to avoid cardiac disease.
Market segmentation for Beta Glucan
By Source:
- Yeast
- Cereal
- Barley
- Oats
- Others (mushrooms)
By functionality:
- Insoluble beta-glucan
- Soluble beta-glucan
By Application:
- Bakery Products
- Food & Beverages
- Cosmetics & Personal Care
- Dairy & Frozen Products
- Health & Dietary Supplements
- Others ( Animal Feed)
By Region:
- Latin America
- North America
- Europe
- The Asia Pacific
- Africa
- The Middle East
The report covers exhaustive analysis on:
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- How much is the Beta-Glucan consumer market currently worth?
- At what CAGR is the market expected to grow?
- What are the key trends boosting Beta-Glucan sales?
- How are market players reacting to the new developments in the market?
- How much share do the top 3 companies hold?
- Which are the major countries driving demand for Beta-Glucan?
- Who are the major players in the Beta-Glucan Consumer Market?
- At what rate will the U.S. Beta-Glucan consumer market grow?
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