June 15, 2024

Beta Glucan Market Size to Touch USD 1,156 Million by 2033

The global beta glucan market size was valued at USD 612 million in 2023 and is projected to reach around USD 1,156 million by 2033, growing at a CAGR of 6.56% from 2024 to 2033.

Beta Glucan Market Size 2024 to 2033

Key Points

  • Europe led the market with the biggest market share of 37% in 2023.
  • By region, Asia Pacific is expected to grow significantly during the forecast period.
  • By source, the cereal segment holds the largest market share of 34% in 2023.
  • By source, the yeast segment is expected to gain a significant share during the forecast period.
  • By application, in 2023, the food & beverages segment held the largest share of around 35.6%.
  • By application, the cosmetic & personal care segment is expected to grow significantly during the forecast period.
  • By product, the soluble segment held the largest share of around 61.5% in 2023.
  • By product, the insoluble segment is expected to expand at the fastest rate over the forecast period.

The beta glucan market has witnessed significant growth in recent years, driven by increasing consumer awareness about the health benefits associated with beta glucan consumption. Beta glucans are polysaccharides found in the cell walls of bacteria, fungi, yeasts, algae, lichens, and plants such as oats and barley. They are renowned for their immunomodulatory properties and are widely used in food, pharmaceutical, and cosmetic industries. The market for beta glucan is diverse, with applications ranging from dietary supplements and functional foods to skincare products and pharmaceutical formulations.

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Growth Factors

Several factors contribute to the growth of the beta glucan market. Firstly, rising health consciousness among consumers has fueled the demand for functional foods and dietary supplements enriched with beta glucan. Consumers are increasingly seeking products that offer immune-boosting properties and overall wellness benefits, thereby driving the demand for beta glucan-based products. Moreover, extensive research and clinical studies have highlighted the various health benefits of beta glucans, including their role in enhancing immune function, reducing cholesterol levels, and promoting cardiovascular health, further driving market growth.

Regional Analysis

The beta glucan market exhibits a global presence, with key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe currently dominate the market, owing to the high consumer awareness regarding the health benefits of beta glucan and the presence of established players in the region. Moreover, the growing demand for natural and organic ingredients in food and personal care products has further propelled market growth in these regions. However, the Asia Pacific region is anticipated to witness significant growth in the coming years, driven by the increasing adoption of healthy lifestyles, rising disposable incomes, and expanding food and pharmaceutical industries.

Beta Glucan Market Scope

Report CoverageDetails
Growth Rate from 2024 to 2033CAGR of 6.56%
Global Market Size in 2023USD 612 Million
Global Market Size by 2033USD 1,156 Million
Largest MarketEurope
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Source, By Application, and By Product
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Beta Glucan Market Dynamics

Drivers

Several drivers contribute to the growth of the beta glucan market. Firstly, the increasing prevalence of chronic diseases such as cardiovascular disorders, diabetes, and cancer has led to a growing emphasis on preventive healthcare measures, driving the demand for functional ingredients like beta glucan. Additionally, the expanding geriatric population worldwide, coupled with the rising awareness of the importance of immune health, has further fueled market growth. Moreover, the growing popularity of plant-based and natural products among consumers seeking clean-label and sustainable options has created opportunities for beta glucan manufacturers to innovate and expand their product offerings.

Restraints

Despite the positive growth trajectory, the beta glucan market faces certain restraints that may hinder its growth prospects. One such challenge is the high production cost associated with extracting and purifying beta glucans from natural sources such as oats, barley, and mushrooms. This poses a barrier for small and medium-sized enterprises entering the market and may restrict the availability of beta glucan-enriched products at competitive prices. Additionally, regulatory challenges and stringent quality standards governing the use of beta glucans in food, pharmaceuticals, and cosmetics may pose compliance issues for manufacturers, thereby impeding market growth.

Opportunities

Despite the challenges, the beta glucan market presents several opportunities for growth and expansion. The increasing consumer inclination towards preventive healthcare and wellness products opens avenues for the development of innovative beta glucan-based formulations targeting specific health concerns such as immune support, gut health, and skincare. Moreover, technological advancements in extraction and purification techniques offer opportunities to enhance the efficiency and cost-effectiveness of beta glucan production, thereby widening its applications across various industries. Furthermore, strategic collaborations, partnerships, and acquisitions among key players can facilitate market penetration and product diversification, driving sustained growth in the beta glucan market.

Read Also: Antidiabetics Market Size to Grow USD 227.50 Billion by 2033

Recent Developments

  • In July 2023, medicine manufacturer Dr. Reddy’s Laboratories introduced CeleHealth Kidz Immuno Plus Gummies to the Indian market, marking their entry into the infant nutrition sector. The product attempts to meet the dietary needs related to the increasing worries about kid immunity in India.
  • In July 2023, BENEO announced the launch of the company’s first barley beta-glucan ingredient, the Orafti β-Fit, for heart health and blood sugar management. This new launch is expected to improve BENEO’s global market reach in the fiber and cardio-metabolic health markets.

Beta Glucan Market Companies

  • Biotec Pharmacon ASA.
  • Biothera Pharmaceticals.
  • Ceapro Inc.
  • Immunomedics.
  • Super Beta Glucan Inc.
  • DSM NV.
  • Tate & Lyle plc (Tate & Lyle Oat Ingredients)
  • Groupe Soufflet SA (AIT Ingredients)

Segment Covered in the Report

By Source

  • Cereal
  • Mushroom
  • Yeast
  • Seaweed

By Application

  • Food & Beverages
  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Animal Feed
  • Others

By Product

  • Soluble
  • Insoluble

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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