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Global Beta Glucan Market to Grow at a CAGR of 7.53% During 2022-2027, Driven by the Rising Awareness Regarding the Health Benefits of Beta Glucan Against COVID-19 Infection

According to a new report by EMR titled, ‘Global Beta Glucan Market Report and Forecast 2022-2027’, the market attained a value of more than USD 387.2 million in 2021. The industry is further expected to grow at a CAGR of 7.53% in the forecast period of 2022-2027 to reach a value of above USD 598.5 million by 2027.

The global market for beta glucan is predicted to witness a positive growth in the food and beverage segment. The shifting consumer trends from fast foods to healthy consumption is invigorating the market growth of nutritious ingredients including beta glucan. Additionally, in the wake of trends surrounding veganism, the demand for plant-based nutrition is further aiding the market growth of beta glucan around the world. Beta glucan is a rich source of immunity booster and also aids in reducing bad cholesterol, owing to which it is popular among the health-conscious consumers and the geriatric populations, thereby generating robust opportunities for food and beverage manufacturers. Apart from this, beta glucan is widely used as an essential ingredient in personal care products owing to its skin smoothening and rejuvenating properties. With growing consumer preference towards cruelty free, sustainable, and natural ingredients, the market is further experiencing growth.

According to a recent study posted by GN Corporation in January 2021, a unique beta glucan (Nichi glucan), a food supplement from Japan that boost the immune system has been suggested as a potential strategy against the COVID-19 infection. Beta glucan was recognised for its potential in preventing COVID-19 complications by balancing blood sugar levels and the prevention of COVID-19 associated blood clotting problems. Such capabilities of Nichi glucan produced by AFO-202 strain of Black Yeast Aureobasidium Pullulans are augmenting the overall market growth of beta glucan. The market growth is further expected to be augmented by the expansion and developmental projects by leading market players such as Tate and Lyle PLC (LON: TATE) and Koninklijke DSM N.V. (AMS: DSM), among others.

Market Analysis by Source, Category, Application, and Region:

  • Based on source, the market can be divided into cereals and grains, mushroom, yeast, and seaweed, among others. 
  • On the basis of category, the market can be classified into soluble beta glucan and insoluble beta glucan. 
  • The market, based on application, can be divided into food and beverage, personal care, pharmaceuticals, dietary supplements, and animal feed, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the report:

  • The market growth is being driven by the rising disposable incomes and increasing consumer spending on natural ingredients.
  • Owing to rising awareness regarding the health benefits of beta glucan, rising trends of veganism, and surging demand for plant-based products, the market growth of beta glucan is augmenting.
  • The easy availability of raw materials, such as cereals, mushroom, and yeast, is extending robust opportunities for the deployment of beta glucan in various downstream industries.
  • Beta glucan is an essential ingredient in personal care products due to its skin smoothing and rejuvenating properties, which is contributing to the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global beta glucan industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for sources, categories, applications, and major regions of beta glucan.
  • It assesses the regional price trends for the (2017-2021) and (2022-2027) periods. 
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global beta glucan market are Cargill, Inc., Tate and Lyle PLC, Kerry Group plc, Koninklijke DSM N.V., Merck KGaA, Lesaffre and CIE, Kemin Industries, AngelYeast Co., Ltd., and Biotec Pharmacon ASA, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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