The global oat beta-glucan market size is likely to reach US$ 623.2 Million in 2022. Increasing consumption of oats owing to the changing dietary patterns of consumers is set to augment the demand for oat beta-glucan in the near future. As per FMI, the oat beta-glucan market is expected to reach US$ 846.1 Million in 2032 and exhibit growth at a CAGR of 8.3% in the forecast period from 2022 to 2032.
Increasing Demand for Natural Products Drives the Oat Beta-Glucan Market
The popularity of oats among consumers is expected to stimulate demand for oat beta-glucan. Consumer spending habits have shifted dramatically in recent years. The demand for clean-label ingredients is growing all throughout the world. Consumers want products with basic, natural ingredients while also satisfying their taste and nutritional needs. As a result, producers in the food, beverage, and dietary supplement industries are attempting to include natural components into their goods in order to meet consumer demands while maintaining the taste of the finished product.
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The oat beta-glucan serves as a good natural ingredient which is aligned with the current market needs. Oat beta-glucan has neutral taste and colour, and therefore, does not affect the quality of the final product. Also, oat beta-glucan helps to boost immunity. Some research studies have indicated that beta-glucan can help to deal with health problems such as asthma, allergies, diabetes, high cholesterol, etc. Thus, the various health-benefits and high popularity of oats are estimated to propel the oat beta-glucan market.
Oat Beta-Glucan Market: Regional Analysis
The demand for oat beta-glucan is anticipated to increase in the North America region. The increasing demand for health food products and natural cosmetics are a few drivers for the increase in demand for oat beta-glucan. According to the Centers for Disease Control and Prevention, in the US, about 610,000 individuals die due to heart diseases every year and is the leading cause of death among men as well as women. Thus, the demand for heart health supplements is estimated to increase, which creates the opportunity for the manufacturers of oat beta-glucan.
Oat Beta-Glucan Market: Key Participants
Some of the key market players in the Oat Beta-Glucan market are:
- Koninklijke DSM N.V.
- Naturex
- Garuda International, Inc.
- Ceapro Inc.
- Tate & Lyle PLC
- Fazer
The research report presents a comprehensive assessment of the Oat Beta-Glucan market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as nature and end-use.
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Oat Beta-Glucan Market Segmentation
The Oat Beta-Glucan market can be segmented on the basis of nature and end-use-
The oat beta-glucan market can be segmented on the basis of nature as:
- Organic
- Conventional
The oat beta-glucan market can be segmented on the basis of the end-use as:
- Food and Beverage
- Pharmaceutical
- Nutraceutical
- Dietary Supplements
- Cosmetic and Personal Care
- Animal Nutrition
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