The latest report by IMARC Group, titled “Beta Glucan Market Report by Type (Soluble, Insoluble), Source (Cereal, Mushroom, Yeasts, Seaweed), Industry Vertical (Animal Feed, Personal Care and Cosmetics, Pharmaceuticals, and Others), and Region 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global beta-glucan market size. The global market size reached US$ 513.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 934.0 Million by 2032, exhibiting a growth rate (CAGR) of 6.67% during 2024-2032.
Factors Affecting the Growth of the Global Beta Glucan Market:
- Increasing Health Awareness:
The market is experiencing significant growth due to a rising global awareness of health and wellness. Beta glucans, known for their immune-boosting properties, are increasingly sought after, particularly in the wake of the COVID-19 pandemic which has heightened public interest in immune system support. These polysaccharides, found in various natural sources like oats, barley, yeast, and mushrooms, are recognized for their ability to enhance immune responses and lower cholesterol levels. This trend is fueled by growing consumer inclination towards natural and functional foods. As people become more proactive about their health, incorporating dietary supplements and health-centric food ingredients into their daily regimen, the demand for beta glucans as a key functional ingredient is expected to rise substantially. This is further supported by a growing body of scientific research endorsing the health benefits of beta glucans.
- Rising Pharmaceutical Application:
The beta glucan market is not only limited to the food and supplement industry; it’s making substantial inroads into pharmaceuticals and cosmetics. In pharmaceuticals, beta glucans are utilized for their medicinal properties, particularly in wound healing, infection prevention, and as adjuvants in cancer treatments due to their immunomodulatory properties. This expansion is driven by ongoing research and clinical trials investigating new therapeutic applications of beta glucans. In the cosmetic industry, their role in skincare products as natural bioactive compounds for skin rejuvenation and protection is gaining traction. The anti-aging, moisturizing, and protective properties of Beta Glucans are increasingly valued in the formulation of creams, serums, and lotions. The versatility of beta glucans, coupled with rising consumer preference for natural ingredients in pharmaceuticals and cosmetics, is a key driver of market growth in these sectors.
- Technological Advancements:
Technological advancements in the extraction and processing of beta glucans play a crucial role in market growth. Improved extraction techniques are making it more feasible to derive high-quality beta glucans from various sources. Modern processing technologies enhance the purity, potency, and bioavailability of beta glucans, thereby increasing their effectiveness and appeal to health-conscious consumers. These advancements are not only improving the quality of Beta Glucan products but also reducing production costs, making these ingredients more accessible to a broader market. Furthermore, innovations in encapsulation and integration techniques are enabling the incorporation of beta glucans into a wider range of product forms, from powders and capsules to beverages and baked goods. This technological progression is crucial in expanding the range of beta glucan applications, thus propelling the market forward.
Competitive Landscape with Key Player:
- American International Chemical LLC (LeBaronBrown Industries LLC)
- Beta Bio Technology Sp Z O O
- Ceapro Inc.
- Garuda International Inc.
- Kemin Industries Inc.
- Kerry Group plc
- Koninklijke DSM N.V.
- Lallemand Inc.
- Lantmännen
- Super Beta Glucan Inc.
- Tate & Lyle plc
- Van Wankum Ingredients
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/beta-glucan-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Soluble
- Insoluble
Soluble represents the leading segment as it is more readily incorporated into beverages, functional foods, and dietary supplements designed for cardiovascular health and immune support.
Breakup by Source:
- Cereal
- Mushroom
- Yeasts
- Seaweed
Yeast accounted for the largest market share as it is renowned for its immune-modulating properties and is often used in dietary supplements and functional foods.
Breakup by Industry Vertical:
- Animal Feed
- Personal Care and Cosmetics
- Pharmaceuticals
- Others
The report has provided a detailed breakup and analysis of the market based on the industry vertical. This includes animal feed, personal care and cosmetics, pharmaceuticals, and others.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe leads the market due to the rising product adoption in industries like food and beverages, pharmaceuticals, and cosmetics.
Beta Glucan Market Trends:
Beta glucan is not limited to dietary supplements alone. Its use is expanding into various industries, including cosmetics and personal care. Beta glucan’s ability to moisturize and soothe the skin has led to its incorporation in skincare products, further diversifying its market presence. Besides, consumers are increasingly seeking natural and sustainable ingredients in the products they consume. Beta glucan derived from sources like oats, barley, and mushrooms is gaining popularity due to its natural origin. Companies that emphasize the use of sustainable and organic beta glucan sources are likely to gain a competitive edge. Moreover, ongoing research into the potential health benefits of Beta glucan is driving product innovation. Companies are investing in research to discover new applications and health claims related to beta glucan. This innovation can lead to the development of novel products and market expansion.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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