Global shift towards processed and ready-to-eat food coupled with increasing awareness regarding functional foods nutrition value is expected to be the key driving factor for beta glucan market over the next seven years. Rising disposable income along with increasing health consciousness is expected to positively impact beta glucan market demand. Yeast specialty products demand is expected to grow owing to nutritional benefits associated with it which in turn is projected to drive beta glucan market growth over the forecast period. Beta glucan has various advantages such as enhanced immune system which is anticipated to fuel beta glucan demand in health and dietary supplements segment and in turn augment beta glucan market growth. Increased beta glucan usage as yeast additive in biodiesel blending is also slated to drive global market for beta glucan over the forecast period.
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Raw materials shortage owing to increasing industrial application such as wine blending is expected to hinder beta glucan market growth and pose challenges to industry participants. Forward integration threat from yeast suppliers owing to easy manufacturing process and growing economies of scale is anticipated to obstruct beta glucan market growth over the forecast period. Untapped beta glucan applications in end-use industries such as cosmetic and medical industries are projected to yield opportunities for industry participants.
European market growth is driven by favorable regulations and expanding pharmaceutical & functional foods industry. Introduction of regional food committees such as The Scientific Committee on Food (SCF) for evaluating safety concerns associated with beta glucan usage is expected to be key driving factor for beta glucan market in the region over the forecast period. Asia Pacific is expected to witness significant growth rate owing to expanding functional food industry in emerging economies such as China, India and Thailand.
Increasing market share through mergers & acquisitions (M&A) and joint ventures (JV) remains key strategy of companies operating in food & beverage segment such as Fluxome’s partnership with Glyca Nova in order to enter beta glucan market. Key companies operating in beta glucan market include Specialty Biotech Co., Ltd., Lallemand Inc., Maxarome, Associated British Foods, Chr. Hansen A/S, Alltech Biotechnology, LuraLean, Gistex and Pharmacon ASA.
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