The application area of beta glucan is expanding substantially across industries like food and beverages, dietary supplements, and cosmetics. This is set to propel growth of the global beta glucan industry in the coming years.
According to Coherent Market Insights, global demand for beta glucan is set to grow at a CAGR of 8% during the forecast period. The target industry will likely cross US$ 1020.6 million by the end of 2030.
To capitalize on emerging opportunities, leading players are employing various organic and inorganic strategies. These include novel product launches, acquisitions, new facility establishments, partnerships, collaborations, and alliances.
In June 2024, Ceapro Inc. and Aeterna Zentaris completed the merger transaction to create a diversified business. Ceapro Inc. is a prominent biotechnology company that develops and commercializes active ingredients derived from oats and other renewable plant resources.
The acquisition will help Aeterna Zentaris expand its capabilities, diversify its product portfolio, and solidify its position in the biotechnology and natural ingredients sector. It will also allow the company to explore broader applications of its products in industries like functional foods, cosmetics, and nutraceuticals.
In July 2023, BENEO expanded its Fiber Portfolio with the launch of barley beta-glucans. These glucans offer unique health benefits, such as heart health improvement and blood sugar management. The company showcased its new Orafti β-Fit at the IFT Food Expo held in Chicago.
Key Factors Propelling Beta Glucan Industry Growth
The future of beta glucan industry looks bright owing to the rising popularity and usage of beta glucans across diverse industries. Similarly, increasing demand for functional foods and beverages, rising health awareness, and growing emphasis on improving immune health will likely boost sales growth.
Today, consumers are constantly seeking healthy food products. This is prompting manufacturers to use functional ingredients like beta glucans in their products, leading to sales growth.
Beta glucans offer numerous health benefits. For instance, they boost immunity, lower cholesterol levels, and regular sugar levels. As a result, their usage is expected to increase rapidly across industries like food & beverages, dietary supplements, and nutraceuticals.
High usage of beta glucans in cosmetic and beauty products is also boosting sales. Beta glucans offer powerful moisturizing, soothing, and anti-aging properties. Courtesy of this, they are gaining immense popularity in the personal care and cosmetics industry.
Regional Insights
Western Europe dominates the global beta glucan industry, holding a prominent value share. This can be attributed to high adoption of water-soluble beta glucans in cosmetic and personal care products and increasing preference for natural and plant-based ingredients.
On the other hand, Asia Pacific is expected to present lucrative opportunities to industry players during the forecast period. This is attributable to growing consumer awareness about the potential health benefits of beta glucans and expanding usage of these fibers in food and beverage sector.
