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.
Driver
Due to its advantageous health features, which have led to the increase of its end-user spectrum in industries like medicines and cosmetics
Due to its advantageous health features, which have led to the increase of its end-user spectrum in industries like medicines and cosmetics, -glucan is becoming more and more well-liked on a global scale. To satisfy the end-users' increasing demand, the producers must offer more and more types of -glucan. One of the most often used sources of glucan extraction worldwide is oat. Over the past several years, oat production has increased globally, and its ample supply is one of the key causes motivating businesses to speed up total glucan production in the worldwide market.
Market Opportunities
Growing Demand and Popularity for Nutraceuticals Product Triggers the Utility of Beta Glucan in the Global Marketplace
The global market for beta glucan is growing due to the increasing demand and popularity of nutraceutical products. Beta glucan is a type of soluble fiber found in foods such as oats, barley, and mushrooms, and is known for its potential health benefits, including reducing cholesterol levels and improving immune function
Market Restraints
Lack of proper regulatory norms governing beta glucan
The lack of proper regulatory norms governing beta glucan is expected to negatively impact the market growth to some extent .The beta glucan market is regulated by various regulatory organizations that vary by area, and different countries have different laws addressing extraction. Moreover, the high cost associated with the extraction of beta glucan is restricting the market growth over the forecast period.
Key Takeaways:
New product launches, mergers & acquisitions, strategic partnership expansion, and research & development activities for the beta glucan market are key strategies adopted by players in the global beta glucan market. 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.
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https://www.coherentmarketinsights.com/market-insight/beta glucan-market-4777
Market Trends
Increasing consumption of natural ingredients
Increasing consumption of natural ingredients is one of the growing trends. This is attributed to the growing preference for natural products and beta glucan has emerged as a preferred choice since it provides several benefits such as supplying energy and enhancing the mood in persons during physical or mental stress. Moreover, increasing focus on the expansion of the distributing network for beta glucan products around the globe is again propelling market growth over the forecast period.
Competitive Section:
Company Names
Key Companies
- 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)
- Zilor Inc. (Biorigin)
