The beta-glucans market accumulated a market value worth US$ 1.23 billion in 2022, and it is estimated to reach a market value of US$ 2.3 billion by 2033, growing at a steady CAGR of 5.7% from 2023 to 2033.
Beta-glucan is expected to have promising growth that results due to various market drivers like the transition of consumers towards a vegan diet or plant-based food products, a rise in health awareness among people, and food products that are healthy and provide valuable nutrition to consumers. There has been a significant rise in the global population that has improved the reach and consumption of beta-glucan, as well as the advancement in technology used to extract and process beta-glucan, which is going to boost the growth of this market segment.
The health benefits of mushroom-derived beta-glucan, such as high protein, vitamin, and fiber content, as well as low cholesterol, fat, and carbs, are set to propel significant growth for beta-glucan obtained from mushrooms in the food and beverage sector. Furthermore, beta-glucan market sales are predicted to increase as industry players increase their efforts to produce new formulations with improved flavor and nutritional value.
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Key Companies Profiled : 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, Biothera the Immune Health Company., etc..
Key Countries Profiled : United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel etc…
Category-wise Insights
By Functionality, Which kind of Beta-glucans will Gain Prominence?
Increased Demand for Soluble Beta-Glucan is Going to Boost the Global Beta-Glucan Market
In 2022, the soluble beta-glucans segment acquired a global market share over 40%. Manufacturers can make items with a silky texture thanks to highly soluble beta-glucan. Soluble beta-glucan is widely being used in the cosmetics sector to make skincare products because it may be readily absorbed and utilized into the skin to produce the required aesthetic or dermatologic benefits.
Companies are now providing soluble beta-glucan, which has a higher solubility in water than insoluble beta-glucan, enabling it suitable for a variety of uses. Tate & Lyle, for example, sells PromOat Beta Glucan, a chemical-free soluble form of oat bran fiber isolated derived from the whole grain oat. It has good solubility and high water-binding and emulsification qualities, giving it a creamy and smooth texture in soups, dairy, dressings, drinks, and sauces.
Which Source of Beta-glucans will be Highly Preferred by the Consumers?
Cereals and grains are estimated to be the highest market share in terms of source for the Beta-glucan market
In 2022, the cereals and grains segment acquired a 39% market share. Glucose polymer has been really popular in recent times as a fiber that is present and extracted from the cell wall of various cereals and grains like barley and Oats. The beta-glucan that is available from cereals and grains are known to have various health benefits one of the major benefit being the ability to control the cholesterol level in the blood.
Beta-glucan is considered to be abundantly present in cereals and barley & oats are considered to be the largest contributor to beta-glucan. They are known to be rich in beta-glucan. Beta-glucans helps maintain the health of the digestive tract, especially the intestinal tract, and keeps the body healthy. The easy availability of cereals and grains and low cost also contributes to the booming growth of the market segment.
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Market Competition
The advent of several domestic and local businesses on the international market has led to a highly dispersed beta glucan industry. The beta-glucan producers are actively capitalizing on bolstering the distribution network, putting cost-cutting measures in place, and positioning a variety of beta-glucan products on the international market.
New benchmarks for research and development of cost-effective specialist -glucan, such as those generated from cereals as well as algae, have been set by private label and region-dominant businesses. This is enticing major producers of natural ingredients to speed up product launches and broaden their product lines in the near future.
- Kerry Group plc developed and launched Kerry TrendSpotter, an artificial intelligence platform, in 2019. This platform was produced in collaboration with IBM Watson. The technology will examine the needs and requests of billions of customers via social media in order to estimate future demand along with beta glucan market trends for products alongside other natural food & food components in the international market place.
- Givaudan SA stated in 2019 that it would purchase the cosmetic division of Indena in order to grow its active beauty industry in Italy. The partnership would enable Givaudan SA to enhance the production of a number of cosmetics components, including beta glucan and natural colors, by giving them access to Indena’s current manufacturing facilities.
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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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