The global Beta Glucan Market is estimated to be valued at US$ 595.51 million 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.
Market Overview:
Beta glucan are polysaccharides composed of glucose monomers linked through β-glycosidic bonds. They have soluble and viscose structures depending on their molecular weights. Beta glucan is commonly found in cell walls of cereals such as oats and barley. Beta glucan helps in maintaining healthy cholesterol levels and boosting immunity when consumed as part of a balanced diet.
Market key trends:
One of the key trends driving the growth of beta glucan market is its increasing usage in functional foods and dietary supplements owing to perceived health benefits. Beta glucan helps support immune health, lower blood cholesterol and blood sugar response after meals. Owing to these advantages, demand is increasing from food and beverage manufacturers to develop beta glucan enriched functional foods like yogurts, cereals, juices, bakery products, etc. Rising health conscious consumer base is another factor fueling the growth of beta glucan market during the forecast period.
SWOT Analysis
Strength: Beta glucan has various health benefits such as strengthening the immune system, lowering cholesterol, and controlling blood sugar levels. It has prebiotic properties that promote the growth of beneficial bacteria in the gut.
Weakness: Limited consumer awareness about the health benefits of beta glucan. High production cost due to the complex extraction and purification process of beta glucan from sources like barley, oats, and mushrooms.
Opportunity: Growing health-conscious population and rapid expansion of the nutraceutical and functional food industries. Increasing usage of beta glucan in various end-use industries like food & beverages, pharmaceuticals, cosmetics, and animal feed.
Threats: Stringent government regulations pertaining to new product launches. Intense competition from other prebiotics like inulin and fructooligosaccharides (FOS).
Key Takeaways
Global Beta Glucan Market Size is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing health consciousness among consumers and rising preference for natural supplements.
Regional analysis
North America currently dominates the global market due to rising awareness about gut health and presence of major players. Europe is also a promising regional market driven by increasing demand for functional foods. Asia Pacific is expected to be the fastest growing region supported by robust economic development and growing middle-class population.
Key players
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). The players focus on new product launches and facility expansion strategies to strengthen their global presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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, chemicals and materials, defense and aerospace, consumer goods, etc.