The Global Beta-Glucan Market was worth USD 328.5 million in 2016 and estimated to be growing at a CAGR of 7.32%, to reach USD 467.67 million by 2021.
Increasing demand for processed and ready to eat food coupled with rising awareness about the nutritional value of functional food is expected to be the primary driver for the global beta-glucan market over the given period. Changing dietary norms along with rising disposable incomes is further anticipated to drive market growth.
Increasing demand for yeast specialty products is projected to have a positive impact on the global beta glucan market.
More advantages associated with consumption of beta-glucan like the enhanced immune system is a major driver in its use in health and dietary supplements. Its application as yeast additive in biodiesel blending is further projected to drive the global market over the period.
Shortage of raw materials such as molasses due to its increase in industrial applications and wine blending is expected to hinder beta glucan market growth up to an extent. Various applications which are currently untapped in cosmetic and medicine sector are expected to create huge opportunities for the beta-glucan market over the next years.
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Global Beta-Glucan Market Segmentation:
The Global Beta-Glucan Market is broadly categorized by Source (Cereal, Seaweed, Yeast, Mushroom), by Application (Food & Beverages, Personal Care, Pharmaceuticals, Animal Feed) and by Category (Soluble Beta-Glucan, Insoluble Beta Glucan). Soluble fiber helps in normalizing the blood sugar levels while insoluble fiber is imperative for balanced digestion.
Soluble beta-glucan is expected to lead the market globally during the said forecast period. Soluble fibrous Beta-Glucan found in oats, sticks with cholesterol and subsequently blocks it from getting reabsorbed into the blood, thereby bringing down the potential risk of heart disease.
The European region was the largest market for beta-glucan in 2016. This can be attributed to the increasing demand for various beta-glucan products in countries such as the U.K.
and Germany. The growing food & beverage industry is, consequently, driving the growth of the functional food ingredients market in Germany, which as a result is influencing the growth of the regional beta-glucan market.
Key Players of the market:
Major players which have been analyzed in the Global Beta-Glucan Market report 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, Tate & Lyle plc., Zilor Inc. (Biorigin).
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