Beta-Glucan Market

Beta-Glucan Market - An Overview

The global beta-glucan market is expected to witness strong growth during the forecast period between 2021 and 2031.

Beta-glucan refers to a heterogeneous group of Nan starch polysaccharides, comprising D-glucose monomer. Beta-glucan is a sugar found in the cell walls of bacteria, yeast, fungi, as well as plants.

COVID-19 pandemic positively impacted growth in global beta-glucan market. Rising cases globally led to consumers becoming increasingly health-conscious which led to rising demand for food products rich in beta-glucan which, in turn, fueled the growth in global market.

It is anticipated that during the post-pandemic phase, food products rich in beta-glucan will continue to remain high owing to numerous health benefits offered by the products.

Beta-Glucan Market - Trends and Opportunities

Rising consumer demand for functional food products is the key growth driver of global beta-glucan market.

Also, increase in health-conscious population sections globally is anticipated to help create revenue-generating opportunities for leading players in global beta-glucan market, in the coming years.

In addition to this, rising population sections turning vegan is projected to trigger the growth in overall beta-glucan market, in years to come.

Government initiatives and measures, spreading awareness about beta-glucan and offering funding to leading players for research and development undertakings could help market growth, in future.

Other factors such as rapid urbanization, especially in developing economies and increasing disposable income could also contribute to growth in global beta-glucan market, in the years ahead.

Soluble beta-glucan segment is expected to emerge as largest contributor, in terms of revenue, to overall market because of increasing demand in production of oats, bakery, fruits, and vegetables in prominent countries worldwide.

Dietary supplements product segment is anticipated to emerge as largest revenue contributor to overall beta-glucan market owing to increasing health-conscious population in leading economies globally.

Beta-Glucan Market - Competitive Landscape

Competition in global beta-glucan market is intense, with prominent presence of numerous market players. Many of these players are expected to account for a large share in global market, in future.

Growth strategies such as launch of new products could help well-established beta-glucan market players create revenue-generating opportunities and gain an edge over competitors.

Research and development undertakings could be key, revenue-generating growth strategy for leading players in global beta-glucan market, in years to come.

Other strategies such as signing collaborative agreements with smaller players could assist prominent beta-glucan market players in expanding their market presence and increasing their revenue shares.

Few leading players in global beta-glucan market include Cargill Inc., Kerry Group PLC, Garud International Inc., Kemim Industries, and Super Beta Glucan.

Beta-Glucan Market - Regional Assessment

The global beta-glucan market is classified into five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Asia Pacific is expected to emerge as the dominant region in global beta-glucan market in future because of factors such as growing food and beverages industry, changing consumer lifestyles in countries such as India and China.

Leading beta-glucan market players could establish research and development centers in Asia Pacific countries in future because of ease of availability of key resources such as land and labor, which could further help market growth in the region.

North America is anticipated to witness significant growth in overall beta-glucan market owing to increasing product application in dietary supplements, functional food, and beverages in countries such as the U.S and Canada.

Europe is expected to witness strong growth in global beta-glucan market due to increasing adoption of modern agricultural methods in countries such as the U.K and Germany.

Other regions of the world such as Latin America and Middle East and Africa are expected to witness moderate growth in global beta-glucan market, in the coming years.