Beta-Glucan Market by Product (Avenacare, Glucagel, Nutrim), Type (Insoluble Beta-Glucan, Soluble Beta-Glucan), Source, Application - Global Forecast 2024-2030

Beta-Glucan Market by Product (Avenacare, Glucagel, Nutrim), Type (Insoluble Beta-Glucan, Soluble Beta-Glucan), Source, Application - Global Forecast 2024-2030

The Beta-Glucan Market size was estimated at USD 571.01 million in 2023 and expected to reach USD 616.75 million in 2024, at a CAGR 8.18% to reach USD 990.45 million by 2030.

Beta-glucan is a type of soluble fiber derived naturally from various sources, including cereals, certain types of mushrooms, yeasts, and algae. When consumed, beta-glucan dissolves in the gut to form a gel-like substance. This substance offers various health benefits, such as lowering cholesterol, enhancing heart health, and supporting the immune system. Growing consumer awareness and interest in health and wellness drives the demand for beta-glucan. Many individuals seek natural ingredients that can help manage health issues such as high cholesterol and diabetes; beta-glucan is recognized for these benefits. The rising production and consumption of functional foods that offer benefits beyond basic nutrition is driving the demand for beta-glucan. Limited availability and price fluctuations of raw materials associated with beta-glucan hampers market growth. Increased investment in research to explore additional health benefits of beta-glucan, such as its potential impact on weight management and immune system enhancement is expected to create opportunities for market growth.

Regional Insights

In the Americas, there is high awareness of health and wellness, which drives the demand for beta-glucan. This compound is popularly recognized for enhancing immune functions and lowering cholesterol levels. The market is supported by well-established food and beverage industries that incorporate beta-glucan in various products such as bakery goods, dairy products, and dietary supplements. Innovations and expansions in the use of beta-glucan in non-traditional segments including, personal care and pharmaceuticals are also evident in this region. The APAC region is witnessing rapid growth in the beta-glucan market, driven primarily by consumer health consciousness and rising income levels that allow for expenditure on health-enhancing products. Countries such as China, Japan, and South Korea are leading in this region due to their strong traditions of using natural and functional ingredients. Western diets also have a growing influence that encourages the use of new health ingredients, including beta-glucan. Additionally, this region benefits from the local availability of raw materials such as mushrooms and cereals, which are primary sources of beta-glucan. Europe is a major region in the global beta-glucan market with advanced food processing industries and stringent health regulations promoting healthy ingredients. Consumers here highly trust scientifically-backed health products, which supports the demand for beta-glucan-based foods and supplements. The Middle East and parts of Africa are gradually expanding, primarily driven by increasing urbanization and changing lifestyle patterns.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Beta-Glucan Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing awareness among consumers regarding the health benefits of beta-glucan
• Increasing demand for nutraceuticals and functional foods

Market Restraints

• Fluctuating prices of raw materials associated with the production of beta-glucan

Market Opportunities

• Increasing research & development for the development of new sources, and delivery systems for beta-glucan
• High potential in animal feed and veterinary applications

Market Challenges

• Certain issues in the formulation and stability of beta-glucan

Market Segmentation Analysis

• Product: Growing usage of avenacare in personal care and cosmetics due to its skin-soothing properties
• Application: High potential of beta-glucan in animal feed to reduce the use of antibiotics and promote sustainable animal health practices

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Beta-Glucan Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Beta-Glucan Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Launch of BENEO’s Orafti β-Fit at the IFT Food Expo: Introducing Heart-Healthy Barley Beta-Glucans

BENEO introduced Orafti β-Fit, a barley-derived beta-glucan product that enhances heart health and glucose management. The product, a natural, clean-label barley flour incorporating 20% beta-glucans, broadens BENEO's range of functional fibers. Produced in the U.S., Orafti β-Fit aligns with the rising consumer preference for sustainable, plant-based, and wholegrain foods. It represents a cost-effective option in the beta-glucans market, offering benefits to both manufacturers and consumers.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Beta-Glucan Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Beta-Glucan Market, highlighting leading vendors and their innovative profiles. These include ABF Ingredients Group, Alltech Life Sciences, Angel Yeast Co., Ltd., Associated British Foods PLC, Auriga Group, Biopolymer Engineering Inc., Biorigin, Biotec Pharmacon ASA, Cargill, Inc., Ceapro Inc., DSM Nutritional Products AG, Euglena Co. Ltd, Garuda International, Inc., Givaudan SA, GlycaNova AS, Kemin Industries Inc., Kerry Group PLC, Merck KGaA, NutraQ AS, NutriScience Innovations, LLC, and Super Beta Glucan Inc..

Market Segmentation & Coverage

This research report categorizes the Beta-Glucan Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
• Avenacare
• Glucagel
• Nutrim
• Oatwell
• Promoat
• Sanacel
• Wellmune
• Yestimun
• Type
• Insoluble Beta-Glucan
• Soluble Beta-Glucan
• Source
• Cereal
• Mushroom
• Seaweed
• Yeast
• Application
• Animal Feed
• Cosmetics & Personal Care
• Food & Beverage
• Medical & Pharmaceuticals

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year