Global Beta-Glucan Market Growth, Trends, COVID-19 impact and Forecast (2020-2025)
The global Beta-glucan market is segmented on Source (Cereal, Mushroom, Yeasts, Seaweed), By Application (F&B, Personal Care, Pharmaceuticals, Animal Feed), Category (Soluble and Insoluble), and Region (APAC, North America, Europe, and ROW).
Introduction
Beta-glucans are sugars that are found in the cell walls of bacteria, fungi, yeasts, algae, lichens, and plants, such as oats and barley. They are sometimes used as medicine.
They are a source of soluble fiber, and research suggests they reduce high cholesterol and improve skin conditions such as eczema, bedsores, wounds, and radiation therapy burns.
Beta-glucans are also used to boost the immune system in people whose body defenses have been weakened by conditions such as chronic fatigue syndrome, or physical and emotional stress, or by treatments such as radiation or chemotherapy.
Because of the pandemic COVID-19, the emphasis on the health and safety of the food processing industry and its employees is intensifying.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Increasing usage of the product as an immunity booster medicine
10.2 Changing consumer preferences toward the use of nutritious food
10.3 Growing health consciousness among the consumers
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Lesaffre International
15.2 Angel Yeast Co., Ltd
15.3 AIT Ingredients
15.4 Super Beta Glucan
15.5 Ohly
15.6 CEAPRO
15.7 Cargill
15.8 Kerry Group
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The Global Beta-Glucan market is expected to grow to $583 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with 7.6% CAGR.
The market recorded stable growth in the North American and European markets, with Europe holding the maximum market share. However, the Asia-Pacific region is expected to witness huge growth during the forecast period.
Key Trends
Increasing awareness among manufacturers regarding using multiple sources, harvesting, processing, and extraction methods has accounted for industry growth.
A shift to incorporate environmental impacts into the true cost of food has become more apparent in recent years.
Key Market Players
The global beta-glucan market is competitive, having many domestic and multinational players competing for market share and with innovation in products being a major strategic approach adopted by leading players.
Most prominent players in the market are Cargill, Kerry Group, DSM, Lesaffre International, Angel Yeast Co., Ltd., AIT Ingredients, Biorigin, Super Beta Glucan, Ohly, CEAPRO, Immuno Medic, Tate & Lyle PLC, Garuda International, Frutarom, Sigma Aldrich Corporation, Speciality Biotech, Alltech Life Sciences, and GlycaNova.
Growth Drivers and Challenges
Increasing usage of the product as an immunity booster medicine in the pharmaceutical and nutraceutical industry is anticipated to drive growth.
Changing consumer preferences toward the use of nutritious food supplements over synthetic ingredients are likely to drive the growth.
Growing health consciousness among the consumers and growing preference for process-free and natural food is expected to be the major drivers of this market over the forecast period.