Beta Glucan Market to Reach US$ 729.9 Million, Globally, by 2028 at 7.64% CAGR
IMARC Group has recently released a new research study titled “Beta Glucan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” Offers a comprehensive analysis of the industry, which comprises insights on the global beta glucan market.
What are the growth prospects of the beta glucan industry?
The global beta glucan market size reached US$ 477.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 729.9 Million by 2028, exhibiting a growth rate (CAGR) of 7.64% during 2023-2028.
What is a beta glucan?
Beta glucan is a soluble fiber that comes from the cell walls of bacteria, fungi, yeasts, and some plants. It is found naturally in a variety of sources, including oats, barley, sorghum, rye, maize, triticale, wheat, rice, mushrooms, and seaweed. It helps stimulate the immune system by increasing the production of essential chemicals that prevent infections. It also slows down the absorption of sugar into the bloodstream and helps regulate diabetes. In addition, it assists in reducing fat absorption in the digestive tract to support healthy blood cholesterol levels. It is rich in antioxidants and aid neutralize harmful radicals, prevent inflammation, and protect against chronic conditions. It alleviates the symptoms of Crohn’s disease, fibromyalgia, rheumatoid arthritis, chronic fatigue syndrome and ulcerative colitis. `Moreover, beta glucan aids in promoting digestive health and weight management. As a result, it is used in formulating various medicines for diabetes and hypertension. At present, its finds extensive applications in food and beverages (F&B), animal feed, personal care products and cosmetics, and pharmaceutical industries.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the beta glucan market?
Presently, the rising prevalence of chronic diseases and the escalating demand for herbal medications are among the key factors positively influencing the market. In addition, a significant rise in the health consciousness and awareness among individuals about the health benefits of beta-glucan. This, along with the increasing adoption of a healthy lifestyle, is catalyzing the demand for beta glucan supplements. Apart from this, the easy availability of beta glucan supplements across various e-commerce websites and offline distribution channels, which offer the facilities of free doorstep delivery and secured payment gateways, is strengthening the market growth. Besides this, beta glucan plays a vital role in improving the activity of lymphocytes, which provides immunity for invasions of bacteria, viruses, and parasites, by producing antibodies and protecting against antigens. Additionally, beta-glucans help in boosting recovery among patients that are undergoing surgeries and cancer treatments, which is creating a favorable market outlook. Besides this, the increasing adoption of various marketing strategies, such as social media promotions through celebrity endorsements, is bolstering the market growth. Additionally, the rising preference for organic food variants that contain a high amount of beta glucan is offering lucrative opportunities to key market players to introduce more product variants. Furthermore, an increase in the application of beta-glucan in the production of personal care products to provide deep hydration to the skin is catalyzing its demand across the globe.
Beta Glucan Market 2023-2028 Competitive Analysis and Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global beta glucan market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, source and industry vertical.
Breakup by Type:
- Soluble
- Insoluble
Breakup by Source:
- Cereal
- Mushroom
- Yeasts
- Seaweed
Breakup by Industry Vertical:
- Animal Feed
- Personal Care and Cosmetics
- Pharmaceuticals
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are
- 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.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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