The Market For Beta-Glucans had a market share valued at USD 1.23 Billion in 2022, and it is anticipated to rise at a steady CAGR of 5.7% from 2023 to 2033 to attain an estimated value of USD 2.3 Billion.
The increasing consumer preference for plant-based foods and ingredients that enhance daily nutrient intake is a major driver of the global beta-glucan market. In the coming years, the market is expected to be driven by the growing global population, rising nutritional awareness, and advancements in extraction technologies.
Nutraceutical manufacturers are increasingly developing all-natural supplements that harness the health benefits of beta-glucan to support immune and digestive health. The rising global popularity of eco-friendly and plant-based ingredients has broadened the use of beta-glucan in manufacturing. With these trends expected to continue, the future growth of beta-glucan in the global market appears promising, driven by increasing demand for nutrient-rich solutions.
Key Takeaways from the Market Study
- According to estimates, the market for beta-glucans was worth US$ 1.16 billion worldwide in 2018.
- The beta-glucans market saw a considerable increase in sales from 2018 to 2022, with a CAGR of 2.2%.
- The market share of soluble beta-glucans increased to more than 40% in 2022.
- The cereals and grains market was predicted to have 39% of the market in 2022.
- The beta-glucans market in the US increased its worldwide market share to 28.9% in 2022.
- The beta-glucans market in the United Kingdom is anticipated to develop at a 5.6% CAGR between 2023 and 2033.
The key players in the Beta-glucans market include:
- Tate & Lyle Plc.
- Koninklijke DSM N.V.
- Garuda International Inc.
- Cargill Inc.
- Kerry Group Plc.
- Ceapro Inc.
- Biotec BetaGlucans AS
- Super Beta Glucan
- Alltech Life Sciences
Competitive Landscape
A widely scattered beta-glucan industry has resulted from the entry of several local and domestic companies onto the global market. The manufacturers of beta-glucan are actively capitalizing on expanding the distribution network, implementing cost-saving strategies, and positioning a range of beta-glucan products on the global market.
Private-label and region-dominant firms have established new standards for the research and development of cost-effective specialty glucans, including those made from cereals as well as algae. Major producers of organic components are being enticed by this to expand their product ranges and introduce new products faster in the coming years. The following are some significant advancements in the beta-glucans industry:
- Kemin Industries introduced beta-glucan as a potential immunomodulator in 2020. The unbranched 1,3 beta-glucan generated by Euglena can be utilized as a supplement to help modulate the immune system.
- According to research released by NCBI, in 2020, as awareness of the value of dietary fiber-rich foods grows, beta-glucan will increasingly be added to foods like pasta and oats because of their high fiber content.
- Beta-glucan has been shown to be an effective supplementary treatment for mild atopic dermatitis (eczema) in the 2016 Journal on dermatologist treatment. In 2020, beta-glucan was found to exhibit efficient antioxidant features, that address several skin concerns, from calming and hydrating dry skin to eliminating the appearance of fine lines & wrinkles.
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Key Segments Profiled in the Beta-glucans Market
By Source:
- Yeast
- Cereal
- Barley
- Oats
- Others
By Functionality:
- Insoluble beta-glucan
- Soluble beta-glucan
By Application:
- Bakery Products
- Food & Beverages
- Cosmetics & Personal Care
- Dairy & Frozen Products
- Health & Dietary Supplements
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East & Africa
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