Global Beta Glucan Market Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2023-2028
The new report by Expert Market Research titled, ‘Global Beta Glucan Market Share Report and Forecast 2023-2028’, gives an in-depth analysis of the global beta glucan market, assessing the market based on its segments like sources, categories, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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Beta Glucan Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 387.2 Million
• Forecast CAGR (2023-2028): 7.53%
• Forecast Market Size (2027): USD 598.5 Million
The increasing use of beta glucan in the pharmaceutical industry is aiding the market growth. This can be attributed to the efficacy of beta glucan in lowering the risk for heart disease, stimulating immune system, and absorbing cholesterol from food, among others.
Beta glucan also finds extensive applications in the treatment of diseases such as diabetes and eczema, which is propelling the market growth. The increasing research and development (R&D) activities to determine scientific evidence regarding the efficacy of beta glucan in pharmaceutical applications are expected to bolster the market growth. With the growing focus on immune health, in the wake of the COVID-19 pandemic, the demand for beta glucan in dietary supplements to strengthen immune health is anticipated to fuel the market in upcoming years.
Beta Glucan Industry Definition and Major Segments
Beta glucan refers to a soluble fiber that naturally occur in cereals, grains, and various plants. Various health benefits are associated with beta glucan and they aid in reducing inflammation, improving blood sugar management, and lowering cholesterol levels. Moreover, beta glucan finds its applications in various end-use industries like pharmaceuticals, personal care, and animal feed, among others.
By sources, the market for beta glucan is divided into:
• Grains and Cereals
The major categories of beta glucan are:
• Soluble Beta Glucan
• Insoluble Beta Glucan
Based on applications, the market is segmented into:
• Food and Beverages
• Personal Care
• Dietary Supplements
• Animal Feed
The regional markets of beta glucan are:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Beta Glucan Market Trends
With the rising demand for animal feed, the utilization of beta glucan as a substitute for dietary antibiotics is growing. The market for beta glucan is also being driven by the rising demand for the product as a natural feed additive for poultry. As beta glucan improves host defence mechanisms and stimulates immune systems to enhance growth while reducing mortality, the demand for beta glucan is expected to significantly surge. Moreover, the increasing inclination toward high-quality meat is bolstering the incorporation of beta glucan in feeds of poultry to reduce their oxidative stress, which is likely to aid the market in the coming years.
Key Market Players
The major players in the market:
- Cargill Inc.
- Tate and Lyle PLC
- Kerry Group plc
- Koninklijke DSM N.V.
- Merck KGaA, Lesaffre & CIE
- Kemin Industries,
- AngelYeast Co., Ltd.
- Biotec Pharmacon ASA
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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