The global Beta Glucan Market is estimated to be valued at US$ 595.51 Mn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Beta Glucans are soluble dietary fibers found in the cell walls of grains such as oats and barley and some mushrooms. They have several health benefits such as boosting immunity, controlling blood sugar levels, and lowering cholesterol. The increasing demand for natural immunity and weight management supplements drives the growth of the beta glucan market.
Market key trends:
One of the key trends in the beta glucan market is its increasing usage in functional food and beverages. Major food and beverage manufacturers are focusing on developing new product lines containing beta glucan to cater to the growing demand for healthy and nutritive food and drinks. For instance, Groupe Soufflet has developed beta glucan-rich ingredients for use in gluten-free breads and crackers. Another key trend is the rising popularity of beta glucan as an alternative to antibiotics in animal feed. Several studies have proved the efficacy of beta glucan in improving gut health and immunity in livestock. This is propelling research activities to develop new beta glucan formulations for use in the animal feed industry.
Segment Analysis
The beta glucan market is segmented by source as cereals, mushrooms and yeast. The cereal segment dominated the market and accounted for over 50% market share in 2022. This is owing to high beta glucan content in cereals such as oats and barley. Mushrooms segment is expected to witness fastest growth during the forecast period attributed to increasing awareness regarding immune-boosting benefits of mushrooms.
Key Takeaways
Global Beta Glucan Market Size is expected to witness high growth, exhibiting a CAGR of 8.0% over the forecast period, due to increasing demand for immune-boosting supplements and functional foods.
Regional analysis: North America dominates the market and holds over 35% market share followed by Europe. This is attributed to high consumption of immunity-boosting supplements and functional food ingredients in these regions. Asia Pacific is expected to exhibit fastest growth over the forecast period driven by rising health consciousness among consumers and increasing adaption of western food trends in countries like China, India and Japan.
Key players: Key players operating in the beta glucan market are 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). These players are focusing on new product launches and expansion strategies to strengthen their global footprint.
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The global Oat Beta Glucan Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Oat Beta Glucan Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/oat-beta-glucan-market/download-sampleMarket DynamicsOats are a rich source of beta-glucan.
Oat beta-glucan is widely demanded worldwide due to its nutritional value, dietary contribution, and medicinal advantages.
Oat beta-glucan has cholesterol-lowering properties, reduces the risk of cardiovascular diseases, decreased blood sugar response, and improves gut health.
Growing research focussed on exploring the potentials of oat beta-glucan for different health conditions is expected to present new market opportunities.
