The beta glucan is considered as an important functional ingredient with numerous health benefits. The industries are adopting beta-glucan to fortify foodstuff with high dietary fibres as consumer interests in the nutraceutical products is on escalation. Furthermore beta-glucan actively impacts the metabolic parameters and help curing the chronic diseases. The worldwide development of policies for inclusion of functional ingredients in industrial products boosts the global beta-glucan market.
Among the source type, cereals segment accounted a major value share in 2016, with oats considered to be a diverse nutrient supplier and expected to gain gradual increase in share by 2025. This is attributed by the development of manufacturers to offer novel food products with barley which is the high source of beta-glucan. The fungal and microbial segment is expected to observe optimistic growth owing to the growing demand of yeast β glucan in cosmetics and pharmaceutical applications.
According to application segmentation, food & beverage segment was accounted more than 25% value share in 2016. Increasing demand for fibrous intake and concerns over blood cholesterol levels majorly drives the beta-glucan market in food & beverage applications. Also, beta-glucan allows food product manufacturers to impart heart-health claims in functional foods such as heart healthy biscuits, dairy products, snack bars etc., which in turn aids in driving the global beta-glucan market. In animal feed application, the advanced algae technologies are being adopted to bolster the immune system of poultry in order to prevent them from disease attack. Algal Scientific Corporation, (the U.S based beta-glucan manufacturer for animal feeds) is one such company with its proprietary technology offers algae derived beta-glucan with algae meals containing 50% beta-glucan content. The beta-glucan market in animal feed application is expected to foresee a sound upsurge in demand over the forecast period.
Geographically, the Europe accounted major share in the global beta-glucan market in 2016. Approval of health claims by EU, related to heart heath, blood glucose, cholesterol control and digestive health will be fuelling the growth for beta-glucan market in the region over the forecast period. In Asia Pacific, the government initiatives for awareness on cancer, women heart health and maternal health is expected to drive the sales revenue of beta-glucan during the forecast period.
Some of the key players present in this market are ADEKA Corporation, Koninklijke DSM N.V., BIOTEC PHARMACON, Tate & Lyle PLC, Ohly GmbH, Bioresis Malaysia, Kraeber & Co GmbH, Swedish Oat Fiber AB, NutraQ AS, Hangzhou New Asia International Co., Ltd, Orffa International Holding B.V. among others. Mergers/acquisition and new product launch, are some of the strategies the companies are undertaking to mark their robust presence in the global beta glucan market.
The report titled “Global Beta-glucan Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global beta-glucan market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on source type, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading beta-glucan manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global beta-glucan market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.
Beta-glucan are sugars which consists of β-D-glucose type of polysaccharides. The oats and barley in cereals category and mushrooms, yeast in fungal and microbial category are rich sources of beta-glucan. The beta-glucan is extracted from the cell walls of these sources, which is considered as highly enriched nutritional source for humans as well as for animal feed.
Among, the source type, cereals segment was estimated to account more than 42% value share in 2016. The beta-glucan content in barley ranges from 3%-11% whereas in oats it is 3%-7%. These cereals are widely used in commercial food applications such as grits, pearled barley, oats flakes and malt flour etc. Although, the use of oats in human foods is more prevalent over barley, the reason being the long cooking time for barley, companies are developing new cooking products such as puffed barley products, extruded barley thereby providing a new growth platform for beta-glucan market. Factors such as optimistic climatic conditions, fertility of harvesting fields has direct impact on the cereals yield whereas geopolitical climates, technical advances and agronomic conditions influences the prices of these sources. Also, the increasing intensity of health research, social media coupled with food fads and globalization of food products is expected to create value generation for beta-glucan market over the forecast period.
The beta-glucan acts as a unique fibre ingredient for variety of applications ranging from food and beverage to cosmetics and pet food. According to WHO, in 2012 coronary heart diseases led to around 7.6 Mn deaths worldwide. Several research studies have demonstrated the increased intake of viscous fibers such as beta-glucan effectively reduces the cholesterol levels thereby lowering the cardiac risks. Food & Beverage segment accounted more than 25% value share in 2016 and expected to gain higher traction over the forecast period.
The beta-glucan in pharmaceutical applications is expected to cater a significant growth over the forecast period owing to its considerable therapeutic effects for cancer, HIV/Aids, immune related diseases, and heart dieses etc. Various companies are researching and developing beta glucan medicinal products, wherein beta-glucan is considered to be a future growth drivers. For instance, BIOTEC PHARMACON, a Norway headquartered company engaged in manufacturing immune related compounds for human health sectors consider various derivatives of beta-glucans to be its future drivers. Their product named Woulgan, a wound healing gel has around 33% market share in the U.S alone and states for further market potential.
The Europe market accounted for major value share in the global beta-glucan market with around 30% value share in 2016 and expected to remain dominant. This is attributed since the EU has commissioned four heath claims related to the oat beta-glucan intake. Furthermore, countries such as Russia, Finland, Poland, U.K., Germany and Sweden in Europe are the major producers for beta-glucan sources. Factor such as increasing consumer demand for healthy dietary fiber intake is expected to drive the beta-glucan market in North America and Europe region. Asia Pacific on the other hand is expected to cater significant growth both in terms of value and volume with positive consumer trends on consumption of functional ingredients.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Beta Glucan market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
