South Korea 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 South Korea Beta Glucan Market Insights Forecasts 2023 - 2033

South Korea Beta Glucan Market Insights Forecasts to 2033

• The South Korea Beta Glucan Market Size is Growing at 7.55% CAGR from 2023 to 2033.
• The South Korea Beta Glucan Market Size is Expected to Reach a Significant Share by 2033.

The South Korea Beta Glucan Market Size is Expected to Reach a Significant Share by 2033, Growing at 7.55% CAGR from 2023 to 2033.   

Market Overview

The South Korea beta glucan market refers to the changing landscape of beta glucan production, application, and commercialization, naturally occurring polysaccharides found in cereals such as oats and barley, as well as mushrooms and yeast. Beta-glucans are known to modulate immune responses, lower cholesterol, and improve gut and skin health. The South Korea beta-glucan market offers numerous opportunities, driven by rising consumer demand for immune-boosting ingredients and naturally sourced health supplements. As the country places a high cultural and commercial value on beauty and longevity, beta-glucan's dual benefits for skin and internal wellness are being used in cosmeceuticals and nutraceuticals. The growing popularity of "inner beauty" supplements, which combine skincare benefits with ingestible health aids, boosts market potential.

Report Coverage

This research report categorizes the market for the South Korea beta glucan market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea beta glucan market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea beta glucan market.

Driving Factors

Several strong drivers are propelling the South Korea beta glucan market. Increased awareness of chronic disease prevention and immune system maintenance has led to a greater reliance on functional foods and natural supplements, particularly in the aftermath of the COVID-19 pandemic. Beta glucan, which has been scientifically proven to improve immune response and cardiovascular health, is an ideal ingredient. The sophistication of the domestic market, in which consumers frequently research health claims and prioritize clinically supported ingredients, has fueled the incorporation of beta glucan into cereals, yogurts, drinks, capsules, and skin creams. Beta glucan's moisture retention and skin-calming properties make it an important ingredient in South Korea's advanced skincare industry, especially for products aimed at sensitive and aging skin.

Restraining Factors

Market Segment

• The yeast segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the source, the South Korea beta glucan market is divided into yeast, mushroom, cereal, seaweed, and others. Among these, the yeast segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This dominance stems primarily from the widespread use of cereal-derived beta glucan, particularly from oats and barley, in functional food and beverage applications. Cereal beta glucans are highly valued due to their scientifically proven health benefits, which include cholesterol reduction, blood sugar regulation, and immune support.

• The food & beverages segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe.

Based on the application, the South Korea beta glucan market is divided into food & beverages, cosmetics & personal care, and others. Among these, the food & beverages segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe. This segment's dominance stems from rising consumer interest in functional foods that promote digestive health, cardiovascular wellness, and immune support. In South Korea, beta glucan, particularly oats and barley, is widely used in cereals, dairy products, and health drinks.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea beta glucan market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Quegen Biotech
• E&T Co., Ltd.
• Glucan Corporation
• Kerry Group plc
• Koninklijke DSM N.V.
• Angel Yeast Co., Ltd.
• Lesaffre Group
• Kemin Industries, Inc.
• 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 regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South Korea Beta Glucan Market based on the below-mentioned segments:

South Korea Beta Glucan Market, By Source

• Yeast
• Mushroom
• Cereal
• Seaweed
• Others

South Korea Beta Glucan Market, By Application

• Food & Beverages
• Cosmetics & Personal Care
• Others