Global Beta Glucan Market - Growth, Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Food & Beverages | No. of Pages - 164 | Published By - Mordor Intelligence

Report Highlights

The beta glucans market was estimated at USD 0.7 billion in 2015 and is expected to grow at a CAGR of 7.39% over the forecast period to reach a market of USD 1 billion by 2020.

Global Beta Glucan Market Dynamics

The most important driver for the beta glucan industry seems to be the growing health consciousness among consumers about processed foods along with the increasing customer purchasing power. The growing awareness is due to the extensively marketed health benefits of beta glucans coupled with product enhancement strategies by many established companies. Research on techniques to facilitate cost effective extraction of beta glucans helps the supply side of the market. Also, the growing usage as yeast additive in biodiesel production is another potential market driver given the huge demand for alternate fuel production. Inconsistent regulatory frameworks across nations; along with a shortage of raw materials due to competing industries are the factors that may hinder beta glucan market in reaching its maximum potential.

Global Beta Glucan Market Segmentation

The beta glucan market can be broadly segmented into types based on the sources of extraction. Due to the varying physiochemical properties of beta glucans extracted from various sources, their applications vary with source and efficacy in the same application too. The various segments based on sources are cereals, yeast, mushrooms (fungi), bacteria and others. Also, the beta glucan market is further segmented based on the physical property of their degree of solubility as soluble and insoluble types. Based on the type of application the market is segmented into bakery products, food and beverages, dairy products, nutraceuticals, cosmetics, biodiesel, animal feed and others.

The market has also been geographically segmented into North America, Europe, Asia-Pacific, and the rest of the world, with Europe occupying the largest consumer base in the world. The growing consumer awareness in the growing economies of Asia-Pacific has made this region an area of immense potential and opportunities. However, the price sensitivity in this region has considerably hindered the growth of this market.

Key Players in the Global Beta Glucan Market

The major companies dominating the market for its products and services in the beta glucan industry are Biotec Pharmacon ASA (Biotec BetaGlucans AS), Tate & Lyle Oat Ingredients, and continuous product developments are Associated British Foods Plc, Biothera Pharmaceuticals Inc, DSM Food Specialties B.V. & DSM Nutritional Products AG, and AIT Ingredients

 

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