BETA GLUCAN MARKET ANALYSIS

Global beta glucan market was valued at US$ 551.4 Mn in 2022, exhibiting a CAGR of 8% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 1,020.6 Mn by 2030. Beta glucan is a natural ingredient that is used to provide texture to baked food products. It is a fiber and enhances the nutritional value and dietary fiber content of food products. Moreover, it acts as a prebiotic ingredient and promotes better gut health. It also offers various health benefits such as regulating blood cholesterol and sugar levels. Furthermore, it also ceases the development of cancer-causing cells.

COVID-19 Impact on  Global Beta Glucan Market

On October 1, 2021, the World Health Organization (WHO) received reports of 233,503,524 confirmed cases of COVID-19 worldwide, including 4,777,503 fatalities. A total of 6,187,643,539 doses of vaccine have been given as of 2 October 2021. This situation has increased public health consciousness, which is fueling the expansion of the worldwide beta glucan market. Additionally, glucans have been employed as immunological adjuvants in vaccinations like the influenza shot. Oral glucans are marketed as preventative supplements that strengthen immune responses and reduce COVID-19 symptoms by activating. Trade-related investment measures.

  Global Beta Glucan Market- Drivers

• Rising health awareness

Rising health awareness is driving the market growth of beta glucan. Growing awareness regarding the health benefits of beta glucan soluble fiber is propelling demand for food fortified with beta glucan. Moreover, beta glucans are extracted from natural sources. Due to its versatile nature and multiple uses, it is gaining huge demand from the food, cosmetic, and medical industries. Hence, growing health awareness regarding beta glucan is augmenting market growth.

• Growing demand for processed food

Growing demand for processed food is primarily fueling the market growth of beta glucan. The increasing urban population coupled with the growing working population is acting as a major factor driving the sale of processed food. Beta glucan is added as a thickening agent, fat replacer, and source of dietary fiber in processed food products. Hence, the growing demand for processed food products due to growing urbanization and the increasing working population around the globe is fueling the market growth of beta glucan.

Global Beta Glucan Market- Restraints

Side-effects associated with the beta glucan

Side effects associated with the beta glucan is affecting the demand for the products. This factor is inhibiting market growth. According to various clinical studies, beta glucan does have some side effects. When injected into the body, it may cause mild fever, pain at the injection spot, muscle and joint pain, nausea, severe diarrhea, dizziness, etc.

Global Beta Glucan Market- Segmentation

Figure 1: Global Beta Glucan Market, By Source , 2022

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On the basis of source in 2022, the Cereals segment has accounted for the largest market share of 46% in terms of value. For supplying starch and protein, cereals serve as a rich source of dietary fiber and nutrients.  Consultative Group on International Agricultural Research the important contribution of wheat to healthy diets, linking the crop to reduced risk of type 2 diabetes, cardiovascular disease, and colorectal cancer.

Global Beta Glucan Market- Opportunities

Growing demand for natural and plant-based ingredients

Beta glucan produced from various raw materials is likely to see a strong increase in demand in the next years in developing nations like China, India, and nations in the Middle East and Africa. Growth in the consumption of nutritious foods, nutraceuticals, and personal care items is thought to be the primary driver of this demand. Additionally, these areas provide cost optimization for processing, labor, and manufacturing costs. The ability of beta glucan producers to expand into new markets is projected to be aided by high demand and cheap production costs. The chance for the beta glucan market to develop is being created by the rising demand for natural and plant-based products.

Global Beta Glucan Market- Trends

Changing fashion trends around the globe are driving demand for cosmetic and personal care products

Changing fashion trends around the globe are driving demand for cosmetic and personal care products. Water-soluble beta glucans are highly beneficial for skincare, hair care, and other personal care products as they are water-soluble and have excellent properties such as anti-aging, anti-irritation, film-forming moisturizing, etc. For instance, Ceapro’s CP oat beta glucan is an odorless and colorless clear aqueous solution, which can be used in cosmetics products to smoothen wrinkles, reduce signs of aging, etc.

Global Beta Glucan Market- Regional Insights

Western Europe dominated the global beta glucan market in 2022 accounting for 30% in terms of value.

 Figure 2: Global Beta Glucan Market, By Region, 2022

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Global Beta Glucan Market- Key Developments

• On May 7, 2020, Kemin Industries presented beta glucan as an immunomodulation Beta-lucan produced by Euglena which is ‘unbranched 1, 3 beta glucan ‘and can be used as a supplement for immune modulation.
• On July 9, 2020, according to the report presented by NCBI, The understanding of the importance of dietary fiber-rich food is increasing, Beta glucan is being infused with the food products like Oats and pasta for their high fiber-rich properties.
• On September 20, 2020, beta glucan is proven to exhibit efficient antioxidant properties, which address several skin concerns, from soothing and hydrating irritated skin to diminishing the look of fine lines & wrinkles. The 2016 Journal on dermatologist treatment states that beta glucan is confirmed to be an effective complementary treatment for mild atopic dermatitis (eczema).

Global Beta Glucan Market- Key Players

Major players operating in the global 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)

*Definition: There are a number of foods high in beta glucan including barley fiber, oats and whole grains, reishi, maitake and shiitake mushrooms, seaweed, and algae. Beta glucan is used as medicine. It is most commonly used for heart disease and high cholesterol.