Beta Glucan Market Size & Share, By Source (Cereal, Mushroom, Yeast, Seaweed), Product, Application (Food & Beverages, Cosmetics & Personal Care), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Beta Glucan Market crossed USD 622.2 Million in 2023 and is estimated to reach USD 1.12 Billion by end of the year 2032, growing at over 8.2% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 622.2 Million
• CAGR (2024-2032): 8.2%
• Forecast Year Value (2032): USD 1.12 Billion
• Historical Data Period: 2019-2023
• Largest Region: Europe
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

Beta glucan market is expected to witness significant growth due to the increasing consumer awareness regarding the health benefits of beta glucan. The growing demand for functional foods and dietary supplements that incorporate beta glucan is also driving the market growth. Additionally, the rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases is further fueling the demand for beta glucan as a nutritional supplement.

Report Scope

Report Coverage	Details
Segments Covered	Source, Product, Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Biotec Pharmacon ASA, Biothera Pharmaceticals, Ceapro, Immunomedics, Super Beta Glucan, DSM NV, Tate & Lyle plc, Groupe Soufflet SA, Zilor Inc, Cargill Incorporated, Frutarom, GlycaNova AS, Lesaffre Human Care, Garuda International, Millipore Sigma

Industry Restraints:

However, the high cost associated with the production of beta glucan is a major restraint for the market. This can hinder the market growth as it may limit the affordability of beta glucan products for consumers. Furthermore, regulatory challenges and stringent guidelines for the use of beta glucan in various food and pharmaceutical products can also pose a challenge for market players looking to expand their product offerings.

Regional Forecast:

- North America:

The North America beta-glucan market is expected to witness significant growth due to increasing awareness about the health benefits of beta-glucan in countries like the U.S. and Canada. Rising demand for functional food and dietary supplements containing beta-glucan is driving market growth in the region. The presence of key players in the healthcare and food industries is also contributing to the market expansion.

- Asia Pacific:

In Asia Pacific, countries like China, Japan, and South Korea are witnessing a surge in demand for beta-glucan products. Increasing focus on preventive healthcare and rising disposable income levels are driving market growth in the region. The incorporation of beta-glucan in skincare and cosmetic products is also contributing to market expansion in countries like Japan and South Korea.

- Europe:

The beta-glucan market in Europe, specifically in the United Kingdom, Germany, and France, is experiencing steady growth. Increasing consumer awareness about the benefits of beta-glucan in managing cholesterol levels and boosting immune health is driving market demand in the region. The presence of key players in the pharmaceutical and food industries is also fueling market growth in Europe.

Segmentation Analysis:

In terms of segmentation, the global beta glucan market is analyzed on the basis of Source, Product, Application

Beta Glucan Market Size & Share

The global Beta Glucan market is segmented by source into cereal, mushroom, yeast, and seaweed. The cereal segment is expected to account for a significant share of the market due to the widespread availability and use of beta glucan in grains such as oats and barley. The mushroom segment is also anticipated to witness substantial growth, driven by the rising demand for mushroom-derived beta glucan in the food and pharmaceutical industries. Meanwhile, the yeast and seaweed segments are projected to experience steady growth, supported by the increasing applications of beta glucan in various sectors.

Product Analysis

In terms of product types, the Beta Glucan market includes various forms such as soluble and insoluble beta glucan. Soluble beta glucan is expected to dominate the market, owing to its superior health benefits and versatility in different applications. Insoluble beta glucan, on the other hand, is likely to witness steady growth, attributed to its functional properties and use in food and beverage products.

Application Insights

The Beta Glucan market finds applications in food & beverages, cosmetics, and personal care products. The food & beverages segment is projected to lead the market, driven by the growing consumer awareness of the health benefits of beta glucan and the increasing demand for functional foods. The cosmetics and personal care segment is also anticipated to experience significant growth, propelled by the rising trend of incorporating natural ingredients like beta glucan in skincare and haircare products.

Competitive Landscape:

The global Beta Glucan Market is highly competitive with multiple key players competing for market share and dominance. These companies are constantly striving to innovate and improve their products to meet the growing demand for Beta Glucan in various industries.

Top Market Players:

1. Tate & Lyle PLC

2. Kerry Group

3. Angel Yeast Co., Ltd.

4. Garuda International Inc.

5. Ohly GmbH

6. Ceapro Inc.

7. Super Beta Glucan Inc.

8. MilliporeSigma

9. Lesaffre

10. AIT Ingredients