Beta-glucans are a type of soluble fiber found in various natural sources such as oats, barley, mushrooms, yeast, and certain seaweeds. They are known for their potential health benefits, including immune system modulation, cholesterol reduction, and blood sugar level management. The beta-glucan market is estimated at USD 501 million in 2023 and is projected to reach USD 734 million by 2028, at a CAGR of 7.9% from 2023 to 2028. Factors such as the increase in demand for natural food additives in food and beverages, rising use of beta-glucan in pharmaceutical tablets and capsules are positively driving the growth of the beta-glucan market.
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The beta-glucan market growth can be attributed to several factors:
- Rising Health Consciousness: Consumers are becoming more health-conscious and are actively seeking out functional foods and ingredients that can contribute to their well-being. Beta-glucans, with their immune-boosting and heart health benefits, have gained attention as a natural and beneficial ingredient.
- Preventive Healthcare Trend: The growing trend towards preventive healthcare has prompted people to adopt dietary habits that promote overall wellness. Beta-glucans fit into this trend, as they are believed to support immune function and reduce the risk of chronic diseases.
- Increased Research: Ongoing research on beta-glucans’ effects on various health aspects has provided scientific backing to their potential benefits. This has bolstered their reputation as a valuable dietary component.
- Functional Food and Beverage Market: The incorporation of beta-glucans into functional foods and beverages, such as oat-based products and dietary supplements, has widened the market’s reach. Manufacturers are developing innovative products to cater to consumer demands.
- Expanding Application in Cosmetics: Beta-glucans are also finding applications in the cosmetic industry, thanks to their moisturizing and soothing properties for the skin. This diversification into skincare products has opened new avenues for market growth.
By region Asia Pacific is expected to grow fastest during the forecast period 2023-2028
The beta-glucan market industry has been studied in North America, Europe, Asia Pacific, Latin America and Rest of the World. The Asia-Pacific beta-glucan market is being driven by advancements and product developments for beta-glucan food, beverages, industrial and healthcare products. The region has been forcing the local Asian companies to expand their product portfolio that use de-oiled lecithin to generate high revenues. Moreover, the growing area under cultivation in the countries like China and India is likely to drive the regional market growth.
Major players operating in the Tate & Lyle PLC (London), Kerry Group PLC (Ireland), Koninklijke DSM NV (Netherlands), International Flavors & Fragrances INC. (US), Merck (US) are some of the market players.
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By application dietary supplement segment is expected to grow fastest during the forecast period 2023-2028
Modern lifestyles, including stress, poor diet, sedentary behavior, and environmental factors, can impact immune health and overall well-being. As people seek ways to support their immune system and maintain their health, the demand for dietary supplements, including those containing beta-glucan, has increased. Moreover, as the global population ages, there is a growing interest in health and wellness products that can support healthy aging, and beta-glucan has been recognized as a potential ingredient for such products.