Global Beta Glucan Market Size To Worth USD 1192.7 Million By 2033 | CAGR of 7.98%
Category: Food & BeveragesGlobal Beta Glucan Market Size To Worth USD 1192.7 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Beta Glucan Market Size is Expected to Grow from USD 553.6 Million in 2023 to USD 1192.7 Million by 2033, at a CAGR of 7.98% during the forecast period 2023-2033.
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Browse key industry insights spread across 265 pages with 110 Market data tables and figures & charts from the report on the "Global Beta Glucan Market Size, Share, and COVID-19 Impact Analysis, By Source (Yeast, Mushroom, Cereal, Seaweed, and Others), By Application (Food & Beverages, Cosmetics & Personal Care, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/beta-glucan-market
The global beta glucan market is concentrated on the production, distribution, and application of beta glucan, a naturally occurring soluble fiber found primarily in cereal grains (such as oats and barley), yeast, fungi, and certain types of seaweed. Furthermore, the clean-label movement and a growing preference for plant-based and sustainable ingredients are propelling beta glucan adoption in the food, beverage, and personal care sectors. Government initiatives to promote healthy eating habits and fortify foods with dietary fibers are also driving market growth. However, the global beta glucan market is constrained by high extraction and purification costs, which may limit the affordability of mass-market products.
The cereal segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the source, the beta glucan market is divided into yeast, mushroom, cereal, seaweed, and others. Among these, the cereal segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This dominance stems primarily from the widespread use of cereal-derived beta glucans, specifically oats and barley, in functional foods, dietary supplements, and health drinks.
The food & beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the beta glucan market is divided into food & beverages, cosmetics & personal care, and others. Among these, the food & beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This is primarily because beta glucans are increasingly being used in functional foods, health supplements, and fortified beverages to boost immunity, improve heart health, and support digestive wellness.
North America is estimated to hold the largest share of the beta glucan market over the forecast period.
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North America is estimated to hold the largest share of the beta glucan market over the forecast period. This dominance stems from high consumer awareness of beta glucans' health benefits, their widespread use in functional foods and dietary supplements, and a well-established nutraceuticals industry. The rising prevalence of lifestyle-related diseases like diabetes, heart disease, and obesity has led to a greater emphasis on preventive healthcare, which has increased demand for beta glucan-enriched products.
Asia-Pacific is predicted to have the fastest CAGR growth in the Beta Glucan market over the forecast Period. Rapid urbanization, rising disposable incomes, and increased consumer health consciousness all contribute to the region's growth. Countries including China, Japan, South Korea, and India are seeing an increase in demand for beta glucan-containing functional foods, natural supplements, and skincare products.
Major key players in the beta glucan market include Zilor Inc (Biorigin), Cargill Incorporated, Biotec Pharmacon ASA, Immunomedics, Super Beta Glucan Inc., DSM NV, Garuda International, Inc., Millipore Sigma, Tate & Lyle plc (Tate & Lyle Oat Ingredients), Groupe Soufflet SA (AIT Ingredients), Biothera Pharmaceticals, Ceapro Inc., Frutarom, GlycaNova AS, Lesaffre Human Care, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the beta glucan market based on the below-mentioned segments:
Global Beta Glucan Market, By Source
- Yeast
- Mushroom
- Cereal
- Seaweed
- Others
Global Beta Glucan Market, By Application
- Food & Beverages
- Cosmetics & Personal Care
- Others
Global Beta Glucan Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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