Emphasis on Source (Grains and Cereals, Yeast, Mushroom, and Seaweed), Category (Soluble and Insoluble.); Application (Foods and Beverages, Personal Care, Pharmaceuticals, Dietary Supplements, and Animal Feed); and Region/Country
The Beta Glucan Market was valued at 489 million in the year 2022 and is expected to grow at a strong rate of around 7.54% during the forecast period (2023-2030), owing to the rising chronic diseases and consumer health awareness. With a growing emphasis on health and wellness, consumers are increasingly becoming conscious of their dietary choices. This shift in consumer preferences, along with the rising prevalence of chronic diseases worldwide, has ignited a surge in demand for beta glucans. These naturally occurring compounds are gaining significant traction for their potential health benefits. Furthermore, the rise in health-consciousness is playing a vital role in shaping consumers’ preferences. People today are more aware of the impact of their dietary habits on their overall well-being than ever before. The inclination towards a healthier lifestyle has prompted a significant shift in dietary choices, with consumers seeking more nutritious and beneficial options. Beta glucans, derived mainly from oats, barley, mushrooms, and yeast, are recognized for their potential role in boosting the immune system, supporting heart health, and managing blood sugar levels. As a result, more consumers are actively seeking foods and supplements that contain beta glucans, driving up the demand for these functional ingredients. In addition to this, the demand for beta glucans is not only limited to the food and beverage industry. These compounds have found applications in pharmaceuticals, cosmetics, and animal feed sectors. Pharmaceutical companies are incorporating beta glucans into drugs and supplements aimed at boosting the immune system or treating specific conditions. In the cosmetic industry, beta glucans are gaining popularity for their skin-soothing and anti-aging properties. Furthermore, improved animal nutrition has led to the inclusion of beta glucans in animal feed, as they offer potential benefits in enhancing animal health, disease prevention, and growth. For instance, in September 2023, as per the report published by Scientific Reports, Beta Glucans have shown immense potential in stimulating the immune modulation in fishes, where they have been either injected intramuscularly or supplemented with feed fortified with beta glucans.
Some of the major players operating in the market include Tate & Lyle; and Kerry Group plc.; Cargill, Incorporated; International Flavors & Fragrances Inc; Panasonic Corporation; Merck & Co., Inc.; Lesaffre; Ohly; Lantmännen Biorefineries; and L&P Food Ingredient Co. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst sources, the grains and cereals segment held the significant share of the market in 2022.”
Based on source, the market is segmented into grains and cereals, yeast, mushrooms, and seaweed. The grains and cereals-based beta-glucan are anticipated to witness significant growth during the forecast period. Grains and cereals are some of the most primary, effective, and abundant sources for the extraction of beta-glucan globally. This is due to their molecular composition and the presence of dietary fibers, polyphenols, and other phytochemicals. Furthermore, beta-glucan is a type of soluble dietary fiber found in oats and barley and has been linked to lowering blood cholesterol and reducing the risk of coronary heart disease. It is also known to have prebiotic properties, which can help to promote the growth of beneficial bacteria in the gut. This has made it a popular choice for nutraceutical products, and its demand has been further boosted by the COVID-19 pandemic, consumers are now more likely to buy products that are fortified with beta-glucan, as they are aware of its health benefits.
“Amongst application, the foods and beverages segment is anticipated to grow at a significant CAGR during the forecast period (2023-2030).”
Based on application, the market is segmented into foods and beverages, personal care, pharmaceuticals, dietary supplements, and animal feed. The food and beverages segment holds much of the market share for the applications of beta-glucans. The health and wellness sector within the food and beverage industry continues to experience significant growth as more consumers prioritize preventive nutrition, immunity, clean eating, and overall health and wellness. Furthermore, the increasing intolerance to lactose and the global adoption of vegan eating habits are expected to drive market demand for beta-glucans in the foods and beverages segment. Rising awareness of animal health and cruelty to animals has resulted in a shift toward plant-based food products as well. Moreover, the working population has shifted to a more at-home lifestyle in recent years. With a lack of commute to work and less overall active movement in the mornings, people have started to focus more on their diet by turning to health and wellness food products. Consumers are increasingly seeking products comprised of organic, range-fed, low-carb, dairy-free, and gluten-free characteristics to live a healthier lifestyle. Furthermore, increasing rates of obesity-related diseases have popularized the consumption of healthy foods to improve immune responses and overall health, and factors like these are driving the demand for foods and beverages which are fortified with beta glucans.
“North America to lead the growth in the beta-glucan segment during the forecasted period (2022-2030).”
North America stands out as a significant market for beta glucans. One significant factor driving the demand for beta glucans in North America is the increasing health consciousness among consumers. Beta glucans, which are natural soluble fibers derived from sources like oats, barley, and mushrooms, have been linked to numerous health benefits. These benefits include cholesterol reduction, improved immune system function, and blood sugar regulation, making them highly desirable among health-conscious individuals. The rising focus on preventive healthcare in North America has led to a surge in demand for products containing beta glucans. Furthermore, North America has been witnessing a steady rise in chronic diseases such as obesity, diabetes, and cardiovascular disorders. Beta glucans have demonstrated their ability to help manage these conditions by controlling blood sugar levels, reducing cholesterol, and boosting heart health. As the awareness of these health benefits increases, consumers in North America are increasingly seeking products enriched with beta glucans, leading to higher demand, though this is not specific to just North America, chronic diseases are growing globally and there is a need for the preventive health measures as well change in diets and supplementations, which is getting popular along with the rising consumer awareness, translating into the growth in the demand for the products that are fortified with beta glucans. Additionally, the availability and accessibility of beta glucan products play a crucial role in driving consumer demand. North America has a well-established food and supplement industry, with a wide range of products containing beta glucans readily available in the market. Moreover, major food and pharmaceutical companies in North America are incorporating beta glucans into their product offerings, making these products more familiar and appealing to consumers.
Beta Glucan Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Beta Glucan Market
6. Beta Glucan Market Revenue (usd Bn), 2020-2030f.
7. Market Insights By Source
8. Market Insights By Category
9. Market Insights By Application
10. Market Insights By Region
11. Beta Glucan Market Dynamics
12. Beta Glucan Market Opportunities
13. Beta Glucan Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Beta Glucan Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global beta glucan market were the three major steps undertaken to create and analyze the adoption of beta glucan in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global beta glucan market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the beta glucan market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the beta glucan market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as source, category, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Beta Glucan market. Further, we conducted factor analysis using dependent and independent variables such as source, category, and application of the beta glucan market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the beta glucan market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Beta Glucan market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global beta glucan market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the source, category, and application in the global beta glucan market.
The main objective of the Global Beta Glucan Market Study
The current & future market trends of the global beta glucan market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the global Beta Glucan market?
Q2: What are the driving factors for the growth of the global Beta Glucan Market?
Q3: Which segment has the largest share of the global Beta Glucan market by Source?
Q4: What are the emerging technologies and trends in the global Beta Glucan market?
Q5: Which region will dominate the global Beta Glucan market?
Q6: Who are the key players operating in the global Beta Glucan market?
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