Global Beta Glucan Market is expected to grow at a CAGR of 7.1% during the forecast period 2022-2030


Global beta glucanis expected to grow at a CAGR of 7.1% during forecast period 2022-2030. Global beta glucan market is primarily driven by growing health concern among consumers & increasing health expenditure coupled with growing application of beta-glucan in food industry. Beta glucan is extensively being used across various food types that include cakes, pastries, salads dressings, frozen desserts and others. In addition, as per the International Journal of Enhanced Research in Science, Technology & Engineering, beta glucan has high water holding capacity and play a significant role in various food applications as a soluble fiber. As per The World Health Organization (WHO), most of the countries fall below the level of recommendation level in fiber intake. Increasing awareness among the population about dietary fibers in increasing the adoption of fiber rich food.

Beta glucan is extensively being researched in the medical and cosmetic sector owing to its anti-tumor, anti-diabetes, immune modulating, anti-infection and anti-oxidant properties. As beta glucan finds application in improving skin health, anti-wrinkle treatment, wound healing, skin permeation absorption moisturizing and other. Private companies are extensively focusing on the development of beta Glucan based cosmetics and medical products. With respect to end user’s food and beverages segment in beta glucan market is projected to grow with the highest CAGR of 7.5% during the forecast period. Beta glucanfinds application in food industry as stabilizers, additives, acidity regulators, natural sweeteners and others.

Cereal lead the source segment in terms of revenue in global beta glucan market with over 41.28 % market share in 2021. However, cereal segment is also growing with a faster rate with a CAGR of 7.5% during the forecast period. Cereals segment in global beta glucan market by source and trend is expected to remain the same over the forecast period owing to adoption of cereal based beta glucan in food and beverages industry. As per Agricultural Utilization Research Institute (AURI), oats rich in beta glucan are extensively used as fat substitute in ready-to-eat oat breakfast foods and snacks to meet the increasing demand for healthy processed food. As per Food and Drug Association (FDA), food products that contain minimum 0.75 grams of beta-glucan per serving are expected to reduce the risk of heart disease.

Geographically, global beta glucan market has been segmented into North America, Europe, Asia Pacific and Rest of World (ROW). Europe leads the global Beta glucan market by capturing largest market share in terms of revenue of 36.24% in 2021. Beta glucan market in Europe is primarily driven by presence of majority of the key players. The key players include Pharmacon ASA (Norway), Tate & Lyle PLC (UK), Ohly (Germany), DSM N.V. (Netherlands) and others. Further, the increasing regulatory approvals of beta glucan across the countries of Europe is also driving the Europe beta glucan market. Moreover, North America is anticipated to be the fastest growing region with a CAGR of 7.4 % during forecast period. The highest growth rate of North America beta glucan market is attributed towards the initiatives taken by key players. The key players include Kemin Industries (U.S.), Cargill (U.S.) and others.

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Merger and acquisition is the primary strategy adopted by companies in global beta glucan market. The companies increase their dominance and market share by acquiring other companies to increase their product portfolio.The intensity of competitive rivalry in global beta glucan market is expected to remain at high level over the forecast period. Global beta glucan market is highly competitive with the presence of many big players such as MilliporeSigma (U.S.), Cargill (U.S.), Tate & Lyle (U.K.), Royal DSM (Netherlands), Kerry Group plc (Israel), Frutarom (Israel) and Ohly (Germany) and others. Companies are trying to compete with each other by providing the same characteristics and similar price or by similar features at competitive prices for products in beta glucan market. Companies are focusing on new product development, merger and acquisition and collaborative research and development to sustain in the market and strengthen their respective positions in the global market which is also increasing the competition.

KEY MARKET MOVEMENTS

  • Global beta glucanis expected to grow at a CAGR of 7.1% during forecast period 2022-2030.
  • With respect to end user’s food and beverages segment in beta glucan market is projected to grow with the highest CAGR of 7.5% during the forecast period.
  • Cereal lead the source segment in terms of revenue in global beta glucan market with over 41.28 % market share in 2021.
  • However, cereal segment is also growing with a faster rate with a CAGR of 7.5% during the forecast period.
  • Europe leads the global Beta glucan market by capturing largest market share in terms of revenue of 36.24% in 2021.
  • Moreover, North America is anticipated to be the fastest growing region with a CAGR of 7.4 % during forecast period.
  • Merger and acquisition is the primary strategy adopted by companies in global beta glucan market.
  • Global beta glucan market is highly competitive with the presence of many big players such as MilliporeSigma (U.S.), Cargill (U.S.), Tate & Lyle (U.K.), Royal DSM (Netherlands), Kerry Group plc (Israel), Frutarom (Israel) and Ohly (Germany) and others.

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