Market Overview
Beta-glucan is better as health enhancer and an aid to human immune system. People are now more conscious about health statistics and majorly relying on beta-glucan like functional foods. Market Research Future projected that the global beta-glucan market will witness a significant growth.
People focusing more functional diet and nutraceutical-content products owing to change in lifestyle has evolved the demand for beta-glucan radically in recent decade. Consumers around the globe are following the trend of staying fit to keep away the disease, right from the first stage. Functional foods are proven to be appropriate to meet the dietary needs and effective in metabolic parameters and diseases such as diabetes and cancer. High demand for Beta-glucan due to its nutritious properties is fueling the growth of the global beta-glucan market.
Beta-glucan products are expected to gain high momentum with execution of regulatory aspects to reap health benefits. Consumer awareness and inclination to beta-glucan owing to its incomparable properties, and food-based innovations to make fiber-rich products are some of the development-based factors responsible for the growth of the beta-glucan market.
The growth of the beta-glucan market share is majorly attributed to the pharmaceutical industry owing to use of its compound in cancer medicines and its efficiency to curb the cancer growth. The extraction of beta-glucan is reported to be expensive which pose a major challenge for the industry leaders and hampers the growth of the global beta-glucan market.
Segmentation
The global beta-glucan market is broadly segmented based on factors such as type and application.
The type segment of beta-glucan market is classified into cereals, Fungal & Microbial, and others. Further the cereal subsegment is divided into Barley and Oats. The fungal & microbial sub-segment is further bifurcated into Algae, Mushroom, and Yeast.
The global beta-glucan market is also segmented based on application such as pharmaceutical, food & beverage, cosmetics, and animal feed.
Regional Analysis
Region-wise, Europe dominates the global beta-glucan market trends owing to flourishing food and beverage industry and growing industrialization of pharmaceutical companies in the region. Consumer’s approach towards preventive treatment and emerging trend of competitive wellbeing has peaked the growth of the global beta-glucan market.
Following Europe, Asia Pacific region is projected to grow a rapidly owing to high penetration of e-commerce industry and growing product awareness and its benefits among the people. Booming pharmaceuticals industry in regions such as China and India are also expected to propel the growth of the global market. Growing foreign investment in the region has created profitable opportunities for the industry leaders, thus helping the food and beverage industry to sustain its growth trends in the region.
Competitive Players
The rapid shift in market development has provoked market key beta glucan market players to mergers and acquisitions, product developments, and plan strategies linked regional expansions. Some of the players contributing with the support include Cargill, Kerry Group plc, Frutarom, Super Beta Glucan, Royal DSM, Ohly, Lesaffre Human Care, MilliporeSigma, Tate & Lyle, and Garuda International.
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