The Global Beta Glucan Market to Flourish Around 7.26% of CAGR by 2027
“According to the new market research report published by Inkwood Research, the global beta glucan market is growing at a CAGR of 7.26% throughout the forecasting years of 2019-2027.”
“Browse 27 market Data Tables and 36 Figures spread over 100 Pages, along with an in-depth TOC on global beta glucan market forecast 2019-2027.”
Beta-Glucans (β-glucan) comprises of the family of β-D-glucose polysaccharides occurring naturally in the cell walls of cereal, bacteria, and fungi. The intake of beta glucan aid in controlling high cholesterol, diabetes, cancer, and other cardiovascular diseases. The fibre also strengthens the immune system and help ward off a common cold & cough. It is also used in cosmetic products as texturing agents. The rising applications of beta-glucan in various sectors and rising disposable income of people are boosting the global beta glucan market at a significant pace.
Rising Health Consciousness among People Drives the Beta Glucan Market Globally
The growing incidences of diabetes, high cholesterol, obesity, and other lifestyle-related diseases has compelled people to become more conscious about food habits. People are becoming more aware of the benefits of bioactive ingredients, thereby increasing its demands. The addition of ingredients like margarine with phytosterols, muffins with beta glucan, yoghurts with probiotics, and drinks blended with herbs, positively impact the metabolism. Also, the dietary intake of β-glucan help in managing various lifestyle triggered diseases and enhance the immunity system. These health consciousness among people, along with high disposable income & changing lifestyles, are influencing the growth of beta glucan market on a global scale.
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High Applications in Cosmetics Industry influence the Global Beta Glucan Market
Beta glucan is widely used as texturing agents in various cosmetic products such as protective creams, ointments, and powders. The fibre is preferred in these products as it is natural and has no side effects on the skin. It creates a protective layer on the surface and aid in healing and retaining moisture. Other benefits of beta-glucan are increasing collagen production, and treat fine lines, crow’s feet, wrinkles, acne, dermatitis, and other skin conditions. Thus, the demand for beta-glucan based cosmetic products is increasing owing to its advantages and the increasing research in innovative organic products, eventually boosting the growth of global beta glucan market.
North America: The chief region in the Global Beta Glucan Market
North America dominates the global beta glucan market owing to the funding from both government & private organizations, rising incidences of chronic diseases, and increasing clinical trials in the region. Due to the growing research and development activities, key players are widely utilizing the beta glucan in multiple sectors like medicine, pharmaceutical, and cosmetics. Further, the presence of large companies in the region accompanied by a thriving probiotics market, the applications of beta glucan is rising, thereby fueling its market growth.
The key players in the global market are namely Kerry Group Plc, Ceapro Inc., PSM NV, Lesaffre Human Care, Cargill Incorporated, Immunomedic AS, Tate and Kyle Plc, Garuda International Inc., Biotech Pharmacon ASA, Super Beta Glucan Inc., Kemin Industries, and Millipore Sigma.
The dominant players focus on numerous strategies such as the launch of new products and increasing investments in research activities to maintain a stronghold in the market. Though the new players are entering the market with new products, the stringent government regulations and rapid development of the food & beverage industry are challenging the new entrants.
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