The beta-glucans market was worth US$ 1.23 billion in 2022, and it is expected to be worth US$ 2.3 billion by 2033, rising at a steady CAGR of 5.7% from 2023 to 2033.
On the basis of functionality type, the market has been segmented into soluble beta-glucan and insoluble beta-glucan. The soluble beta-glucan segment accounted for 63.1% share of the global beta-glucan market in 2014, and is expected to register healthy CAGR of 7.1% over the forecast period. Insoluble beta-glucan segment accounted for 36.8% share of the global beta-glucan market in 2014, and is expected to register CAGR of 6.8% over the forecast period.
The market has been divided into three categories based on source type: grain, yeast, and others (mushroom). A strong CAGR equal to that predicted for the global beta-glucan market over the projection period is anticipated for the cereal category, which held a 45.2% share of the global beta-glucan market in 2014.
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The cereal segment is sub-segmented into oats and barley. Revenue contribution of oats was 69.3% in 2014 and is projected to decrease to 68.8% by 2025, gaining 40 basis point share (BPS) and registering a CAGR of 7.1%. Furthermore, revenue contribution of barley was 30.7% in 2014, and is projected to increase to 31.2% by 2025, gaining 50 BPS and registering a CAGR of 7.3%. Yeast segment is expected to register CAGR of 6.9% between 2015 and 2025 and others (mushroom) segment is expected to register a CAGR of 6.6%, losing 30 BPS.
The market has been divided into food and beverage, bakery goods, dairy and frozen products, health and dietary supplements, cosmetics and personal care, and others (animal feed) based on the kind of use. In 2014, the health and dietary supplement industry held 33.7% of the worldwide beta-glucan market share. Over the projected period, this market is predicted to grow at a robust CAGR of 7.1%.
Rising health consciousness, the introduction of new functional food products, rising disposable income, an increase in marketing efforts, and expanding technological developments in beta-glucan extraction methods are the primary factors driving the growth of the worldwide beta-glucan market. Various market participants’ expansion and product-improvement initiatives are other trends promoting market growth.
This study discusses the trends influencing each category and its corresponding sub-segments and provides analysis and insights into the beta-glucan market’s potential in various geographies. With almost 36.1% of the market in 2014, Western Europe led the beta-glucan market and is expected to continue to do so through 2025. In 2014, the beta-glucan market share was dominated by North America and Asia Pacific Excluding Japan, which together held more than 40% of the market share. Due to rising health concerns and official approvals in these regions, Western Europe is predicted to experience the greatest CAGR among all regions between 2015 and 2025, followed by North America.
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Key players in the global beta-glucan market include Associated British Foods Plc., Biothera the Immune Health Company, Ceapro Inc., and Koninklijke DSM N.V. Major participants such as Biothera Inc. and Tate and Lyle focus on research and development activities to enhance product portfolio in order to sustain in the competitive market. In addition, these key players focus on expanding exclusive functional food product portfolio through acquisition of various raw materials and end-product manufacturing companies with the objective to enhance market position. In early 2015 for instance, First Endurance launched multi-vitamin product MuliV-Pro using beta-glucan derived from Wellume Yeast, a product from Biothera the Immune Health Company. This product helps to improve athlete’s performance by supporting immune health.
Market segmentation for Beta Glucan
By Source:
- Yeast
- Cereal
- Barley
- Oats
- Others (mushrooms)
By functionality:
- Insoluble beta-glucan
- Soluble beta-glucan
By Application:
- Bakery Products
- Food & Beverages
- Cosmetics & Personal Care
- Dairy & Frozen Products
- Health & Dietary Supplements
- Others ( Animal Feed)
By Region:
- Latin America
- North America
- Europe
- The Asia Pacific
- Africa
- The Middle East
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