Upcoming Growth Trends in the Beta-Glucan Market

The beta-glucan
market size is estimated to account for a value of USD 403.8 million in
2020 and is projected to grow at a CAGR 7.6% from 2020, to reach a value of USD
628.3 million by 2026. Factors such as the increasing research on beta-glucan,
clubbed with its functional benefits has been the key areas that has supported
the market growth of beta-glucan. Moreover, there is an increase in the
application of beta-glucan in fast-moving industries, such as food &
beverage and pharmaceuticals due to its health-promoting and prebiotic
properties that has also helped in the growing demand for the market. It is
also used across other application areas such as nutraceuticals, cosmetics,
personal care, and animal feed.

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Key Market Players:

•             Cargill
Inc (US)

•             Tate
& Lyle Plc (UK)

•             Kerry
Group Plc (Ireland)

•             Koninklijke
DSM N.V. (Netherlands)

•             Frutarom
(Israel)

•             Garuda
International Inc (US)

•             Ohly GmbH
(Germany)

•             Milliporesigma
(US)

•             Super
Beta Glucan (US)

•             Lesaffre
Human Care (France)

Geographical Prominence:

The North American beta-glucan market is led by its broad
applications in various products along with their health benefits. The key
market players in the North American beta-glucan market include Cargill (U.S.),
Millipore Sigma (U.S.), and Lesaffre (U.S.). Technological advancements have
made beta-glucan available for a wide range of applications in the food &
beverage sector in the form of thickening agents, fat substitutes, dietary
fiber, and hypocholesterolemia agents; these are likely to drive the growth in
the region.

In addition, the US has a large market for bakery,
confectionery, convenience food, and packaged food products, and hence, it
accounts for a major share in the market. Consumers in the US are
calorie-conscious, due to which low-calorie and low-fat food products are
popular in the country. The increase in the prevalence of obesity and cardiac
diseases has led to a surge in demand for natural and low-calorie
ingredient-based food products among consumers. According to the Centre for
Disease Control & Prevention (CDC) and from the data provided by National
Health and Nutrition Examination Survey, in the US, the prevalence of obesity
was 39.8% and affected nearly 93.3 million of the adult population between 2015
and 2016.

Market Dynamics:

Drivers

•             Growing
Health Consciousness Among Consumers And Increasing Health Expenditure

•             Growing
Application Of Beta-Glucan In Different Industries

•             Decreasing
Prices Of Major Raw Material Sources

Restraints

•             Inconsistency
In Regulatory Norms Governing Beta-Glucan

Opportunities

•             Untapped
Beta-Glucan Applications

•             Emerging
Markets: New Growth Frontiers

Challenges

•             High Cost
Of Beta-Glucan Extraction

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By application pharmaceutical and food & beverage
will be the key areas to drive the demand for beta-glucan, in terms of value

Pharmaceutical products come in the form of capsules,
liquid, powder, or tablets and are taken to balance the deficiencies of ingredients
in diets and for curing problems, such as obesity, blood pressure, and
diabetes. These products have been extensively studied for their immunological
and pharmacological effects. Immunologically active, homogeneous,
non-aggregated, and micro-particulate beta-glucan is prepared from
saccharomyces cerevisiae which has resulted in growing applications across the
industry. Moreover, the rising sedentary lifestyle and increased consumption of
calorie-rich food, have caused numerous health problems, such as obesity, high
blood pressure, high cholesterol, and heart attack. The intake of beta-glucan
has helped in reducing the risk of these health problems with its
health-promoting properties further driving the beta glucan applications

By category the soluble segment is expected to hold a
higher share as compared to the insoluble segment

Soluble dietary fibers also reduce the total plasma
cholesterol and lower the glycemic index of food providing numerous health
benefits. Insoluble beta-glucan is found in larger amounts in cereal, such as
brown rice. Wholemeal flour and bread, wholegrain breakfast cereals, brown
rice, corn bran, and wholemeal pasta are all good sources. This type of fibrous
beta-glucan is vital for a healthy digestive system further leading to the
segment holding a significant share in the overall market for beta-glucan.