By 2022, the size of the worldwide oat beta-glucan market is projected to be US$ 623.2 million. Future demand for oat beta-glucan is expected to increase due to consumers’ shifting dietary habits and rising oat intake. According to FMI, the market for oat beta-glucan is anticipated to develop at a compound annual growth rate (CAGR) of 8.3% from 2022 to 2032, when it is predicted to reach US$ 846.1 million.
Beta-glucan is a dietary fiber which is found in natural products such as barley, oats and some mushrooms. Oat beta-glucan market are soluble fibres found within the oat kernel’s cell wall. By lowering cholesterol, beta-glucan also helps to reduce the risk of heart disease. The European Food Safety Authority (EFSA), Health Canada, and the United States Food and Drug Administration (FDA) have all accepted this health claim. Oat beta-glucan is utilised in a variety of industries, including pharmaceuticals, animal nutrition, nutritional supplements, cosmetics, and more, because of its health advantages.
Increasing Demand for Natural Products Drives the Oat Beta-Glucan Market
It is predicted that consumer demand for oats will drive the oat beta-glucan phenomenon. The way that customers consume has changed significantly in the last few years. The need for ingredients with clean labels is rising everywhere in the world. Customers want products that meet both their taste buds and their bodies’ nutritional needs, but they also want items with an ingredient list that is straightforward and made of natural ingredients. In order to create products that meet consumer demands without sacrificing the final product’s flavour, producers in the food, beverage, and dietary supplement sectors are attempting to use natural components.
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The oat beta-glucan serves as a good natural ingredient which is aligned with the current market needs. Oat beta-glucan has neutral taste and colour, and therefore, does not affect the quality of the final product. Also, oat beta-glucan helps to boost immunity. Some research studies have indicated that beta-glucan can help to deal with health problems such as asthma, allergies, diabetes, high cholesterol, etc. Thus, the various health-benefits and high popularity of oats are estimated to propel the oat beta-glucan market.
Oat Beta-Glucan Market: Regional Analysis
The demand for oat beta-glucan is anticipated to increase in the North America region. The increasing demand for health food products and natural cosmetics are a few drivers for the increase in demand for oat beta-glucan. According to the Centers for Disease Control and Prevention, in the US, about 610,000 individuals die due to heart diseases every year and is the leading cause of death among men as well as women. Thus, the demand for heart health supplements is estimated to increase, which creates the opportunity for the manufacturers of oat beta-glucan.
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Oat Beta-Glucan Market: Key Participants
Some of the key market players in the Oat Beta-Glucan market are:
- Koninklijke DSM N.V.
- Naturex
- Garuda International, Inc.
- Ceapro Inc.
- Tate & Lyle PLC
- Fazer
The research report presents a comprehensive assessment of the Oat Beta-Glucan market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as nature and end-use.
Oat Beta-Glucan Market Segmentation
The Oat Beta-Glucan market can be segmented on the basis of nature and end-use-
The oat beta-glucan market can be segmented on the basis of nature as:
- Organic
- Conventional
The oat beta-glucan market can be segmented on the basis of the end-use as:
- Food and Beverage
- Pharmaceutical
- Nutraceutical
- Dietary Supplements
- Cosmetic and Personal Care
- Animal Nutrition
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