GLOBAL BETA GLUCAN MARKET FORECAST 2019-2027

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GLOBAL BETA GLUCAN MARKET FORECAST 2019-2027

Global beta glucan market generated a revenue of $355.52 million in 2018 & is projected to reach $659.98 million by 2027, at a CAGR of 7.26%. The base year considered for the study is 2018 & the estimated period is between 2019-2027. Global beta glucan market is mainly driven by the fact that the growing population of health-conscious consumers form a strong sect of the consumer base for the beta glucan market.

GLOBAL BETA GLUCAN MARKET FORECAST 2019-2027

Global Beta Glucan market by Type (Insoluble Beta Glucan, Soluble Beta Glucan) by Application (Food & Beverage (Bakery Products, Dairy Products & Others), Health and Dietary Supplement, Cosmetics & Other Applications) by Source (Cereal (Oats, Barley, Other Cereal), Yeast, Bacteria, Fungus & Algae) & by Geography.

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Beta glucan belongs to the family of β-D-glucose polysaccharide that forms the fundamental structure in the cell walls of bacteria & fungi as well as in cereals like oats and barley. The β-glucan forms its polymeric structure through 1-3 β glycosidic bonds binding its monomers. The beta glucan has an effective role with regards to regulating high cholesterol levels, and further influences the treatment of the immune system when it gets affected by cancer, HIV/AIDS, diabetes, etc. The use of beta glucan helps to fortify the immune system and is operative in fending common cold and cough. The growing utility of beta-glucan in many applications is bolstering the beta glucan market in the forecast period 2019-2027. Global beta glucan market generated a revenue of $355.52 million in 2018 & is projected to reach $659.98 million by 2027, at a CAGR of 7.26%. The base year considered for the study is 2018 & the estimated period is between 2019 & 2027.

 Key factors that are responsible for the market advancement are:

  • Rise in health consciousness among consumers
  • Extensive applications of beta glucan in various domains
  • The decrease in costs of raw materials

Global beta glucan market is mainly driven by the fact that the growing population of health-conscious consumers form a strong sect of the consumer base for the beta glucan market. Beta glucan helps reduce the abnormal levels of cholesterol, glucose and insulin. Regular dietary intake of beta glucan aids in reducing risk factors of diabetes. Moreover, the rise in disposable income is expected to boost the beta glucan market worldwide. The growing incidences of chronic diseases are driving the growth of beta glucan market in the forecast period 2019-2027.

In 2018, soluble beta glucan of the type segment dominated the market by the largest chunk of 33.96% in the beta glucan market by type segment. This segment driven market is mainly proliferated by the nature of the insoluble beta glucan, which helps in absorbing the carbohydrates and other elements that aid in improving the immunity. The growing cases of type-2 diabetes have increased the demand for soluble beta glucan in the market. The increasing usage of soluble beta glucan in many applications like food and beverage, pharmaceuticals and cosmetic industry is fueling the growth of the market in the forecasted period 2019-2027.

The prominent companies operating in the beta glucan market are investing in domains like that of cosmetics, nutraceuticals, food & beverages, etc. in a persistent manner to find the better form of applications of beta glucan, which is expected to boost the demand for beta glucan in the market. The increased competition among the market players and their rising implementation of strategic ingenuities to capture the smaller businesses as well is primarily driving the growth of the beta gland market.

The increasing demand for the various accessories and other innovative products supplied by the cosmetic industry is driving the beta glucan market in the forecasting period of 2019-2027. The antioxidant and skin healing properties provided by the beta glucan is also popularizing the beta glucan market products.

With the growing demand for beta glucan, the global beta glucan market is also facing a few drawbacks. The high prices of extraction procedure of beta glucan coupled with the minimal abundance of algae in many regions are inhibiting the production rate, thus, affecting the growth of the market during the forecast period of 2019-2027. However, growing product innovations and increasing demand for beta glucan from the emerging markets will boost the demand for beta glucan market in the upcoming years.

Report scope of global beta glucan market covers the segmentation by type, application, source and region.

Market by Type:

  • Insoluble Beta Glucan
  • Soluble Beta Glucan

Market by Application:

  • Food & Beverage
    • Bakery Products
    • Dairy Products
    • Others
  • Health & Dietary Supplements
  • Cosmetics
  • Other applications

Market by Source:

  • Cereal
    • Oats
    • Barley
    • Other Cereals
  • Yeast
  • Bacteria
  • Fungus
  • Algae

Geographically, the global beta glucan market has been segmented on the basis of four major regions, which are:

  • North America beta glucan market: the United States & Canada
  • Europe beta glucan market: United Kingdom, Germany, France, Spain, Italy, Russia, & Rest of Europe
  • Asia Pacific beta glucan market: China, India, Japan, Australia, Singapore, South Korea, & Rest of Asia Pacific
  • Rest of World beta glucan market: Latin America, Middle East & Africa

Europe had been the leading region for beta glucan market when it captured around 36.73% of the market share in 2018 by revenue. The dominance of Europe is owing to the rising approvals of beta glucan by the food authorities, coupled with the growing pharmaceutical industry is boosting the demand for beta glucan in the forecasted period 2019-2027. The key players of the beta glucan market are Kerry Group PLC, Cargill Incorporated, Super beta glucan, and DSM NV, among others.

Moreover, the beta glucan market in Europe is rising rapidly owing to the rising initiatives by the government and the key players in the region which are constantly innovating products which are refining the global market in the forecast period 2019-2027. Additionally, the primary applications of beta glucan in the pharmaceutical sector as it is used in the production of medicines that are used for the treatment of diabetes. It is also used in the treatment of cancer during the procedures of chemotherapy and radiations.

North America is the fastest growing regional market during the forecast period 2019-2027. The fastest growth rate of North America region is due to the funding raised by the private organizations, rising prevalence of diseases such as cancer and diabetes, escalating clinical trials related to beta glucan and strategic initiatives taken by the private organizations.

For instance, in September 2017 Kemin Industries signed a partnership agreement with Valensa International to supply and commercialize BetaVia ingredients, immune-supporting beta-glucan sourced from a proprietary strain of algae specifically in the U.S. dietary supplement and functional foods & beverages markets. The increasing partnerships and mergers by the key players are further increasing the demand for beta glucan in the upcoming years.

Global beta glucan market has been segmented by type, application and source. The type segment is further sub-segmented into insoluble and soluble beta glucan. The application segment comprises of food & beverages, health and dietary supplements, cosmetics and other applications. The source segment is further divided into cereal, yeast, bacteria, fungus, and algae.

The market has a number of players, & some of the key players involved in the global beta glucan market are:

  • Ceapro Inc.
  • Tate and Kyle PLC
  • DSM NV
  • And others

The company profiles of prominent market players are discussed in detail. Most of the companies are looking for strategies such as merger & acquisition, partnership, contracts, agreements & new product launch, to gain a competitive edge over other companies. For instance, in March 2019, Lantmännen, an agricultural cooperative completed the acquisition of Tate and Kyle; this acquisition gives access to an oat mill with a capacity of 55,000 tons that balances the existing production capacity within heat-treated oats and also increase the production capacity thereby boosting the demand for beta glucan the forecast period 2019-2027.

Key findings of the global beta glucan market:

  •  Europe leads the global beta glucan market by capturing the largest market share of around 36.73% in 2018
  • The focus of market players is to innovate the beta glucan products present in the market constantly
  •  Increasing demand for beta glucan in the cosmetic sector is boosting the growth of the market in the forecast period
  • The demand for soluble beta glucan in the commercial space is boosting the growth of the market in the forecast period 2019-2027
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA DOMINATES THE BETA GLUCAN MARKET
      • INCREASING DEMAND FOR COSMETICS SECTOR IN BETA GLUCAN
      • DEVELOPING DEMAND FOR CEREAL BASED BETA GLUCAN
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • USERS WITH A GREATER SENSE OF HEALTH CONSCIOUSNESS
      • WIDE APPLICATIONS OF Β-GLUCAN IN VARIOUS DOMAINS
      • DECREASE IN THE PRICES OF THE RAW MATERIAL REQUIRED
    • MARKET RESTRAINTS
      • SHORTAGE OF MOLASSES
      • STRICT REGULATIONS LEVIED ON APPLICATIONS OF BETA GLUCAN
    • MARKET OPPORTUNITIES
      • GROWING DEMAND FOR FUNCTIONAL FOODS FROM THE FOOD INDUSTRY
    • MARKET CHALLENGES
      • HIGH COSTS FOR THE EXTRACTION PROCEDURE OF BETA GLUCAN
  1. MARKET BY TYPE
    • INSOLUBLE BETA GLUCAN
    • SOLUBLE BETA GLUCAN
  2. MARKET BY APPLICATION
    • FOOD & BEVERAGE
      • BAKERY PRODUCTS
      • DAIRY PRODUCTS
      • OTHERS
    • HEALTH AND DIETARY SUPPLEMENT
    • COSMETICS
    • OTHER APPLICATIONS
  3. MARKET BY SOURCE
    • CEREAL
      • OATS
      • BARLEY
      • OTHER CEREAL
    • YEAST
    • BACTERIA
    • FUNGUS
    • ALGAE
  4. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    • COMPANY PROFILES
      • KERRY GROUP PLC
      • CARGILL INCORPORATED
      • BIOTECH PHARMACON ASA
      • CEAPRO INC.
      • IMMUNOMEDIC AS
      • SUPER BETA GLUCAN INC.
      • DSM NV
      • TATE AND KYLE PLC
      • KEMIN INDUSTRIES
      • LESAFFRE HUMAN CARE
      • GARUDA INTERNATIONAL INC.
      • MILLIPORE SIGMA

 

LIST OF TABLES

TABLE 1. GLOBAL BETA GLUCAN MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2. GLOBAL BETA GLUCAN MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

TABLE 3. GLOBAL INSOLUBLE BETA GLUCAN MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4. GLOBAL BETA GLUCAN MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 5. GLOBAL FOOD & BEVERAGE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6. GLOBAL BAKERY PRODUCTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7. GLOBAL DAIRY PRODUCTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8. GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9. GLOBAL HEALTH AND DIETARY SUPPLEMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10. GLOBAL COSMETICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11. GLOBAL OTHER APPLICATIONS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12. GLOBAL BETA GLUCAN MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)

TABLE 13. GLOBAL CEREAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14. GLOBAL OATS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15. GLOBAL BARLEY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16. GLOBAL OTHER CEREAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17. GLOBAL YEAST MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18. GLOBAL BACTERIA MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19. GLOBAL FUNGUS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 20. GLOBAL ALGAE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 21. OPPORTUNITY MATRIX

TABLE 22. VENDOR LANDSCAPE

TABLE 23. GLOBAL BETA GLUCAN MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 24. NORTH AMERICA BETA GLUCAN MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 25. EUROPE BETA GLUCAN MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 26. ASIA PACIFIC BETA GLUCAN MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 27. REST OF WORLD BETA GLUCAN MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1. GLOBAL BETA GLUCAN MARKET, BY TYPE, 2018 & 2027 (IN %)

FIGURE 2. GLOBAL BETA GLUCAN MARKET, BY INSOLUBLE BETA GLUCAN, 2019-2027 (IN $ MILLION)

FIGURE 3. GLOBAL BETA GLUCAN MARKET, BY SOLUBLE BETA GLUCAN, 2019-2027 (IN $ MILLION)

FIGURE 4. GLOBAL BETA GLUCAN MARKET, BY FOOD & BEVERAGE, 2019-2027 (IN $ MILLION)

FIGURE 5. GLOBAL BETA GLUCAN MARKET, BY BAKERY PRODUCTS, 2019-2027 (IN $ MILLION)

FIGURE 6. GLOBAL BETA GLUCAN MARKET, BY DAIRY PRODUCTS, 2019-2027 (IN $ MILLION)

FIGURE 7. GLOBAL BETA GLUCAN MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 8. GLOBAL BETA GLUCAN MARKET, BY HEALTH AND DIETARY SUPPLEMENT, 2019-2027 (IN $ MILLION)

FIGURE 9. GLOBAL BETA GLUCAN MARKET, BY COSMETICS, 2019-2027 (IN $ MILLION)

FIGURE 10. GLOBAL BETA GLUCAN MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 11. GLOBAL BETA GLUCAN MARKET, BY CEREAL, 2019-2027 (IN $ MILLION)

FIGURE 12. GLOBAL BETA GLUCAN MARKET, BY OATS, 2019-2027 (IN $ MILLION)

FIGURE 13. GLOBAL BETA GLUCAN MARKET, BY BARLEY, 2019-2027 (IN $ MILLION)

FIGURE 14. GLOBAL BETA GLUCAN MARKET, BY OTHER CEREAL, 2019-2027 (IN $ MILLION)

FIGURE 15. GLOBAL BETA GLUCAN MARKET, BY YEAST, 2019-2027 (IN $ MILLION)

FIGURE 16. GLOBAL BETA GLUCAN MARKET, BY BACTERIA, 2019-2027 (IN $ MILLION)

FIGURE 17. GLOBAL BETA GLUCAN MARKET, BY FUNGUS, 2019-2027 (IN $ MILLION)

FIGURE 18. GLOBAL BETA GLUCAN MARKET, BY ALGAE, 2019-2027 (IN $ MILLION)

FIGURE 19. PORTER’S FIVE FORCE ANALYSIS

FIGURE 20. GLOBAL BETA GLUCAN MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 21. UNITED STATES BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22. CANADA BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23. UNITED KINGDOM BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24. GERMANY BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25. FRANCE BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26. SPAIN BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27. ITALY BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28. REST OF EUROPE BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29. CHINA BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30. JAPAN BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31. INDIA BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32. SOUTH KOREA BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33. AUSTRALIA BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34. REST OF ASIA PACIFIC BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35. LATIN AMERICA BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36. MIDDLE EAST & AFRICA BETA GLUCAN MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY TYPE
    • INSOLUBLE BETA GLUCAN
    • SOLUBLE BETA GLUCAN
  2. MARKET BY APPLICATION
    • FOOD & BEVERAGE
      • BAKERY PRODUCTS
      • DAIRY PRODUCTS
      • OTHERS
    • HEALTH AND DIETARY SUPPLEMENT
    • COSMETICS
    • OTHER APPLICATIONS
  3. MARKET BY SOURCE
    • CEREAL
      • OATS
      • BARLEY
      • OTHER CEREAL
    • YEAST
    • BACTERIA
    • FUNGUS
    • ALGAE
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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