The report “Beta-Glucan Market by Source (Cereal, Mushroom, Yeast, and Seaweed), Application (Food & Beverages, Personal Care, Pharmaceuticals, Dietary Supplements, and Animal Feed), Category (Soluble and Insoluble), and Region – Global Forecast to 2026″, size is estimated to account for a value of USD 403.8 million in 2020 and is projected to grow at a CAGR 7.6% from 2020, to reach a value of USD 628.3 million by 2026. Factors such as the increasing research on beta-glucan, clubbed with its functional benefits has been the key areas that have supported the market growth of beta-glucan. Moreover, there is an increase in the application of beta-glucan in fast-moving industries, such as food & beverage and pharmaceuticals due to its health-promoting and prebiotic properties that has also helped in the growing demand for the market. It is also used across other application areas such as nutraceuticals, cosmetics, personal care, and animal feed.
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By category, the soluble segment is expected to hold a higher share as compared to the insoluble segment
Soluble dietary fibers also reduce the total plasma cholesterol and lower the glycemic index of food providing numerous health benefits. Insoluble beta-glucan is found in larger amounts in cereal, such as brown rice. Wholemeal flour and bread, wholegrain breakfast cereals, brown rice, corn bran, and wholemeal pasta are all good sources. This type of fibrous beta-glucan is vital for a healthy digestive system further leading to the segment holding a significant share in the overall market for beta-glucan.
The yeast segment as a source is expected to hold one of the largest share in the beta-glucan market, in terms of value, in 2020
Baker’s yeast grows aerobically and is dependent on sugar molasses, whereas brewer’s yeast is not. Baker’s yeast is estimated on the basis of consumption of baker’s product while brewer’s yeast depends on alcohol products. The immune-modulating abilities of the final product together with supportive research studies for the immune-modulating properties of baker’s yeast have driven the demand for yeast beta-glucan globally.
By application pharmaceutical and food & beverage will be the key areas to drive the demand for beta-glucan, in terms of value, in 2020
Pharmaceutical products come in the form of capsules, liquid, powder, or tablets and are taken to balance the deficiencies of ingredients in diets and for curing problems, such as obesity, blood pressure, and diabetes. These products have been extensively studied for their immunological and pharmacological effects. Immunologically active, homogeneous, non-aggregated, and micro-particulate beta-glucan is prepared from saccharomyces cerevisiae which has resulted in growing applications across the industry. Moreover, the rising sedentary lifestyle and increased consumption of calorie-rich food, have caused numerous health problems, such as obesity, high blood pressure, high cholesterol, and heart attack. The intake of beta-glucan has helped in reducing the risk of these health problems with its health-promoting properties further driving the beta glucan applications
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North America is projected to dominate the majority market share, in the global beta-glucan market, in terms of value, in 2020
The North American beta-glucan market is led by its broad applications in various products along with their health benefits. The key market players in the North American beta-glucan market include Cargill (U.S.), Millipore Sigma (U.S.), and Lesaffre (U.S.). Technological advancements have made beta-glucan available for a wide range of applications in the food & beverage sector in the form of thickening agents, fat substitutes, dietary fiber, and hypocholesterolemia agents; these are likely to drive the growth in the region.
In addition, the US has a large market for bakery, confectionery, convenience food, and packaged food products, and hence, it accounts for a major share in the market. Consumers in the US are calorie-conscious, due to which low-calorie and low-fat food products are popular in the country. The increase in the prevalence of obesity and cardiac diseases has led to a surge in demand for natural and low-calorie ingredient-based food products among consumers. According to the Centre for Disease Control & Prevention (CDC) and from the data provided by National Health and Nutrition Examination Survey, in the US, the prevalence of obesity was 39.8% and affected nearly 93.3 million of the adult population between 2015 and 2016.
This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the beta-glucan market. It includes the profiles of leading companies, such as Cargill Inc (US), Tate & Lyle Plc (UK), Kerry Group Plc (Ireland), Koninklijke DSM N.V. (Netherlands), Frutarom (Israel), Garuda International Inc (US), Ohly GmbH (Germany), Milliporesigma (US), Super Beta Glucan (US), Lesaffre Human Care (France), Kemin Industries (US), Angel Yeast Co Ltd (China), Biotec BetaGlucans AS (Norway), AIT Ingredients (France), Biorigin Zilor (Brazil), Ceapro Inc (Canada), Specialty Biotech Co Ltd (Thailand), and Alltech Life Sciences (US) among others.
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