Beta-glucan is a natural ingredient that is used to provide texture to baked food products. Basically it is a fiber and enhances the nutritional value and dietary fiber content of the food products. Moreover, it acts as a prebiotic ingredient and promotes better gut health. It also offers various health benefits such as regulating blood cholesterol and sugar levels. Furthermore, it also ceases the development of cancer-causing cells.
Global beta-glucan market was valued at US$ 514.48 Million in 2021 in terms of revenue, exhibiting a CAGR of 7.04 % during the forecast period (2022 to 2030).
Drivers
Rising health awareness is driving the market growth of the beta-glucan. Growing awareness regarding the health benefits of beta-glucan soluble fiber is propelling demand for food fortified with beta-glucan. Moreover, beta-glucans are extracted from natural sources. Due to its versatile nature and multiple uses, it is gaining huge demand from food, cosmetic, and medical industries. Hence, growing health awareness regarding the beta-glucan is augmenting the market growth.
Growing demand for processed food is primarily fueling the market growth of the beta-glucan. The increasing urban population coupled with the growing working population is acting as a major factor driving the sale of processed food. Beta-glucan is added as a thickening agent, fat replacer, and source of dietary fiber in processed food products. Hence, the growing demand for processed food products due to growing urbanization and increasing working population around the globe is fueling the market growth of beta-glucan.
Figure 1. Global Beta-Glucan Market Value Share (%), By Region, 2021
Market Restraints
Side-effects associated with the beta-glucan is affecting the demand for the products. This factor is inhibiting the market growth. According to various clinical studies, beta-glucan does have some side effects. When injected into the body, it may cause mild fever, pain at the injection spot, muscle and joint pain, nausea, severe diarrhea, dizziness, etc.
Lack of proper regulatory norms governing beta-glucan is expected to impact the market growth negatively to some extent. Moreover, the high cost associated with the extractions of beta-glucan is restricting the market growth over the forecast period.
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 514.48 Mn |
Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
Forecast Period 2022 to 2030 CAGR: | 7.04 % | Forecast Period: | 2022-2030 |
Geographies covered: |
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Companies covered: |
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) |
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Market Trends
Changing fashion trends around the globe are driving demand for cosmetic and personal care products. Water-soluble beta-glucans are highly beneficial for skincare, haircare, and other personal care products as these are water-soluble and have excellent properties such as anti-aging, anti-irritation, film-forming moisturizing, etc. For instance, Ceapro’s CP oat beta-glucan is an odorless and colorless clear aqueous solution, which can be used in cosmetics products to smoothen wrinkles, reduce signs of aging, etc.
Increasing consumption of natural ingredients is one of the growing trends. This is attributed to the growing preference for natural products and beta-glucan has emerged as a preferred choice since it provides several benefits such as supplying energy and enhance the mood in persons during physical or mental stress. Moreover, increasing focus on the expansion of the distributing network for beta-glucan products around the globe is again propelling the market growth of the over the forecast period.
Figure 2. Global Beta-Glucan Market value Share (%), By Source, 2021
Recent Developments
Competitive Section
Major players operating in the global beta-glucan market include 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)
Daibetes There are a number of foods high in beta glucan including: barley fiber, oats and whole grains, reishi, maitake and shiitake mushrooms, seaweed, and algae. Beta glucan is used as medicine. It is most commonly used for heart disease and high cholesterol.
Market Dynamics
R&D in beta-glucan is expected to propel growth of the global beta-glucan market over the forecast period. For instance, in August 2021, Ceapro Inc. collaborated with the Boston-based, Angiogenesis Foundation, a scientific organization, for Beta Glucan and Avenanthramides.
Major players operating in the global beta-glucan market are focused on adoption various strategies to enhance their market share. For instance, in June 2020, Biotec Pharmacon officially rebranded to ArcticZymes Technologies. The name change will also coincide with the unveiling of a new brand identity, a new corporate logo and an updated website (Arcticzymes.com).
Key features of the study:
Detailed Segmentation:
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