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Beta-glucan market expected to reach USD 511.36 million by 2023 according to new research report

Industrial Market Research

Beta-Glucan Market By Application (Food & Beverages, Personal Care, Pharmaceutical, Animal Feed), By Product Type (Soluble, Insoluble ) By Source(Cereal, Seaweed, Yeast, Mushroom).

Global Beta-Glucan Market Make an Inquiry about this news was valued at USD 346.62 Million in the year 2017. The global Beta-Glucan market is further estimated to grow at a CAGR of 6.70% from 2018 to 2023 to reach USD 511.36 Million by the year 2023.

Europe region holds the highest market share in 2017 and North America market is considered as the fastest growing market in the forecasted period. The growth is mainly due to increasing healthcare awareness and emerging markets.

Tate & Lyle PLC (U.K), Biothera Pharmaceuticals (U.S.), Kerry Group PLC (Ireland), Koninklijke DSM N.V. (Netherlands) and Zilor Inc. (Biorigin) (Brazil) are some of the key players in the Beta-Glucan market.

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Market Overview

Drivers

Rising healthcare consciousness

Growing application in various countries

Restraints

Government’s guidelines and regulatory bodies

Opportunity

Opportunity in developing countries as emerging market

Increasing consumption

Challenges

Cost of raw material

Lack of awareness related to benefits of Beta-Glucan.

The global Beta-Glucan market is segmented as by type, by source, by application, and by region. On the basis of types, soluble beta-glucan holds the highest market share with the high growth rate in coming years followed by insoluble beta-glucan.

The growth is mainly due to a vast application and increasing consumption of beta-glucan containing products.

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On the other hand, Based on application pharmaceutical segment among Food & Beverages, Personal Care, and animal feed is estimated to be the largest market share in 2016 and Food & Beverages segment is expected to grow at highest CAGR in coming years. The growth is mainly due to the fast-growing healthcare industry and increasing awareness of beta-glucan containing products.

On the basis of source, yeast segment holds the highest market share among Cereal, Seaweed, and Mushroom.

Key Benefits for Stakeholders

Beta-Glucan Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Type                                                           

Soluble

Insoluble

By Application                                                

Food & Beverages                                             

Personal Care

Pharmaceutical

Animal Feed

By Source

Cereal

Seaweed

Yeast

Mushroom

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

Tate & Lyle PLC (U.K)    

Biothera Pharmaceuticals (U.S.) 

Biotec Pharmacon ASA (Norway)            

Cargill, Inc. (U.S.)                     

Kerry Group PLC (Ireland)                     

Koninklijke DSM N.V. (Netherlands)        

Ohly (U.S.)       

Zilor Inc. (Biorigin) (Brazil)                    

Garuda International, Inc. (U.S.)            

Super Beta Glucan (U.S.)           

Read Report Overview with Full TOC at goo.gl/2oPLrb Make an Inquiry about this news

News From

Genesis Market InsightsGenesis Market Insights
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