Beta-Glucan Market is projected to reach $476.5 Million by 2022

From: MarketsandMarkets™ INC.
Published: Thu Sep 06 2018

The report "Beta-Glucan Market by Source (Cereal, Mushroom, Yeast, Seaweed), Application (Food & Beverages, Personal Care, Pharmaceuticals, Animal Feed), Category (Soluble, Insoluble), and Region - Global Forecast to 2022", is projected to reach USD 476.5 Million by 2022, at a CAGR of 7.57% from 2017. The market is driven by factors such as growing health consciousness among consumers, increasing health expenditure, and growing application of beta-glucan in different industries. The latter drives the need for modification in beta-glucan products, to be used in the food & beverage industry, pharmaceutical, functional food, and animal feed industries.

Browse 65 market data tables and 39 figures spread through 128 pages and in-depth TOC on "Beta-Glucan Market - Global Forecast to 2022"

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The beta-glucan market is segmented on the basis of application, source, category, and region. These applications include food & beverages, personal care, pharmaceuticals, and animal feed. On the basis of source, beta-glucan is segmented into cereal, seaweed, yeast, and mushroom. On the basis of category, this market is segmented into soluble beta-glucan and insoluble beta-glucan. On the basis of key regions, the beta-glucan market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

The beta-glucan market is driven by factors such as growing health consciousness among consumers, the increasing health expenditure, and growing application of beta-glucan in different industries such as pharmaceuticals, nutraceuticals, and food & beverages. There are notable developments in bioscience companies to develop beta-glucan-rich products and to incorporate the nutritional value of beta-glucan in various other food items as there is a high demand for beta-glucan in the animal feed and dietary supplement industries, majorly in the U.S.

On the basis of source, cereal is projected to grow at the highest CAGR from 2017 to 2022, in terms of value, as the prices of these raw materials, that is, majorly oats and barley, have come down significantly, and have resulted in the higher procurement of raw materials from beta-glucan manufacturers. This decline in the availability of raw materials will play an important role in driving the growth of the global beta-glucan market.
On the basis of category, beta-glucan is available in soluble and insoluble forms. Soluble beta-glucan is projected to lead the market in terms of value, during the forecast period, while insoluble beta-glucan is dominant, in terms of volume.

Based on application, the pharmaceuticals segment is expected to be the fastest-growing during the forecast period. This application is driven by the increasing demand for beta-glucan at a global level due to the rising awareness among consumers thereby directing the manufacturers to tap this opportunity and provide customers with healthy nutrients. Beta-glucan can be used as a nutraceutical ingredient, fortified in various food items. This is driving the use of beta-glucan in the food & beverage industry. Personal care applications of beta-glucan include mineral- & vitamin-enriched herbal creams & shampoos for better skin care and hair care. Tate & Lyle, through its Avencare brand, offers beta-glucan skin care products such as facial cream, moisturizer, and lip balm.

The North American region is projected to be the fastest-growing market for beta-glucan between 2017 and 2022. The key market players in the North American beta-glucan market include Cargill (U.S.), Millipore Sigma (U.S.), and Lesaffre (U.S.). The increasing number of new product launches such as fortified beta-glucan products in dairy ingredients, baked biscuits & snacks, and beverages by food manufacturers in the market acts as a catalyst for the growing demand for beta-glucan.

The U.S. market for beta-glucan accounted for the largest share of the North American region in 2016. One of the leading players in the market in this region is Cargill (U.S.).

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