Growing Demand for Beta Glucan in the Food and Beverage Industry to Drive Market Growth

Beta Glucan Market

The global beta glucan market is estimated to be valued at US$ 551.4 Mn in 2023 and is expected to exhibit a CAGR of 8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Beta glucan is a type of soluble fiber derived from various sources such as yeast, mushrooms, oats, and barley. It has gained significant popularity in the food and beverage industry due to its numerous health benefits, including immune system enhancement, cholesterol reduction, and improved heart health. Increasing consumer awareness regarding the importance of a healthy lifestyle is driving the demand for functional and fortified foods, thereby fueling the growth of the beta glucan market. Additionally, the rising incidence of chronic diseases, such as obesity, diabetes, and cardiovascular disorders, has led to a surge in the adoption of beta glucan as a preventive measure, further contributing to market growth.

Market Key Trends:
One key trend in the beta glucan market is the growing demand for beta glucan in the cosmetics industry. Beta glucan is known for its moisturizing and anti-aging properties, making it a popular ingredient in skincare products. It helps to improve the skin's elasticity, reduce wrinkles, and protect against oxidative stress. With the increasing focus on natural and organic skincare products, the demand for beta glucan in cosmetics is expected to witness significant growth. Additionally, the rising consumer preference for sustainable and eco-friendly products is driving the adoption of beta glucan in the cosmetics industry.


Segment Analysis:

The beta glucan market can be segmented based on product type, application, and end-use industry. In terms of product type, soluble beta glucan dominates the market due to its easy solubility and higher bioavailability compared to insoluble beta glucan. Soluble beta glucan is widely used in the pharmaceutical and nutraceutical industries for its immune-boosting properties and health benefits. It is also gaining popularity in the cosmetics industry for its anti-aging and skin rejuvenation properties.

In terms of application, the functional food segment is expected to dominate the beta glucan market. This can be attributed to the increasing consumer awareness regarding the health benefits of beta glucan and the growing trend of healthy eating. Functional foods fortified with beta glucan offer various health benefits such as cholesterol reduction, immune system enhancement, and improved gut health.

In terms of end-use industry, the pharmaceutical industry is expected to hold the largest market share. Beta glucan is extensively used in the pharmaceutical industry for its immunomodulatory properties and for the development of immunotherapeutic drugs. It is used in the treatment of various diseases such as cancer, diabetes, and cardiovascular diseases.

Key Takeaways:

The global beta glucan market is expected to witness high growth, exhibiting a CAGR of 8% over the forecast period (2023-2030). The market is driven by the increasing consumer awareness regarding health and wellness, and the growing demand for functional foods. The rising prevalence of chronic diseases and the growing aging population are also contributing to the market growth. Furthermore, technological advancements in the extraction and purification process of beta glucan are expected to drive market growth.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the beta glucan market. This can be attributed to the increasing demand for functional foods and dietary supplements in the region. The presence of key players and a well-established healthcare infrastructure also contribute to the market growth in North America.

Key players operating in the 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). These key players focus on strategic partnerships, product innovation, and expansion strategies to gain a competitive edge in the market. The market is highly competitive, with players continuously investing in research and development to explore new applications of beta glucan and enhance their product offerings.

Read More: https://www.dailyprbulletin.com/beta-glucan-market-growth-and-analysis/