The US & Canada beta glucan market is set to grow at a moderate CAGR of 6.1% during the forecast period of 2017 to 2027. The wide scope of potential for the use of beta-glucan in nutraceuticals is expected to promote growth. The rising popularity of functional food is another key factor in assisting the growth of the market.
The rising prevalence of cardiovascular diseases and immune system disorders has led to a shift toward preventative care, which has boosted the sales of beta-glucan. High demand for functional foods which offer nutrients in commonly consumed items is another significant driver for the market. Ongoing research and development for making different forms of beta-glucan as is appropriate for its application are expected to expand the market. Additionally, its growing use in nutraceuticals and cosmeceuticals is expected to increase the sales of the product in the US & Canada Market.
With various applications still being developed, the market carries unrealized potential which is likely to be explored and leveraged over the course of the assessment period.
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Major Key Players Analysis:
Several key market players have been identified for their role in the competitive landscape. Analysis of their strategies and consequent control of the market as a result been recorded in the report. Prominent players include Lesaffre USA, Bio Springer, Lallemand, DSM USA, Associated British Foods, Biothera Inc., Tate & Lyle, Garuda International Inc., Ceapro Inc, ConAgra Foods Inc., Cargill and Super Beta Glucan among others
Latest Industry News:
Watson Inc. has created a guide to beta-glucan and its use in fortified foods. The guide is aimed at assisting industrial bakeries, food manufacturers, and wholesale bakers.
France based Naturex, recently showcased natural ingredients, including beta-glucan for cardiovascular support at the Vitafoods Europe tradeshow in Geneva, Switzerland. The company highlighted its new range of oat beta-glucans called Sweoat.
Ceapro Inc., recently announced positive results from a bioavailability study for its PGX (Pressurized Gas eXpanded liquid) processed water-soluble chemical complex coenzyme Q10 (CoQ10) beta-glucan. This achievement is expected to be crucial in attracting collaborators who will use the complex in high-value nutraceuticals and cosmeceuticals.
The US & Canada beta glucan market has been segmented on the basis of product types, applications, functionality type, and region. By product types, the market has been segmented into yeast extract and yeast beta.
By application, the market has been segmented into beverages, dairy products, pharmaceuticals, bakery & processed food, and others. The others segment has been sub-segmented into animal feed, bio feed, and cosmetics.
By functionality type, the market has been segmented into soluble beta-glucan and insoluble beta-glucan.
By region, the market has been segmented into U.S.A and Canada.
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The region includes U.S and Canada where nutritional supplements are widely popular. They are a part of North America which, globally, is the second largest market for beta glucan. These countries have a rapidly growing population, with immigration adding significantly to this. More importantly, due to a change in lifestyle and the high consumptions of unhealthy choices has led to the reduced consumption of dietary fiber which causes a lot of health issues, including cardiovascular diseases. Awareness and a shift toward preventative care are driving the growth of sales of beta-glucan. MRFR has found, that over a 100 manufacturer’s product beta glucan for various uses in the U.S. With functional food rapidly growing in popularity, the demand for beta glucan is expected to rise in reflection over the forecast period.
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