Global, regional and country-level analysis and forecasts of Beta-Glucan market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
According to the report “Beta-Glucan Market by Source (Cereal, Seaweed, Yeast, Mushroom) by Application (Food & Beverages, Personal Care, Pharmaceuticals, Animal Feed) by Category (Soluble Beta-Glucan, Insoluble Beta Glucan), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021), the Global Beta-Glucan Market was worth USD328.5 million in 2016 and estimated to be growing at a CAGR of 7.32%, to reach USD467.67 million by 2021.
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Cereal and fungal products have been used for centuries for medicinal and cosmetic purposes; however, the specific role of Beta-glucan was not explored until the 20th century. Beta-glucans were first discovered in lichens, and shortly thereafter in barley.
A particular interest in oat Beta-glucan arose after their cholesterol lowering effect was reported in 1984.
The physicochemical characteristics of beta-glucan vary depending on the properties of primary structure, including degree of branching, linkage type and molecular weight.
Various studies have examined the potential health effects of Beta-glucan. Oat fiber Beta-glucan at intake levels of at least 3 g per day can decrease the levels of saturated fats in the blood and may reduce the risk of heart disease.
Some studies have suggested that cereal-derived Beta-glucan may also have immunomodulatory properties. Yeast and medicinal mushroom-derived Beta-glucans have been investigated for their ability to modulate the immune system.
Beta-glucans are further used in various nutraceutical and cosmetic products, as texturing agents, and as soluble fiber supplements, but can be problematic in the process of brewing.
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 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 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 beta glucan market over the next years.
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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.
Some major players dominating the market, by their products and services 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, Tate & Lyle plc., Zilor Inc. (Biorigin).
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