Beta Glucan Market Size, Trends, Share, Growth, and Opportunity Forecast, 2023 - 2030 Global Industry Analysis By Source (Oats, Barley, Mushrooms, Yeasts, and Others), By Form (Powder, and Liquid), By End-Use Industry (Food and Beverage Industry, Pharmaceutical Industry, Cosmetics and Personal Care Industry, Animal Nutrition and Others), By Application (Dietary Supplements, Functional Foods and Beverages, Pharmaceuticals, Cosmetics and Personal Care, and Others), By Distribution Channel (Direct Sales (B2B), and Retail (B2C)) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

The global beta glucan market was valued at USD 601.2 Million in 2022 and is anticipated to reach a value of USD 1,088.3 Million by 2030 expanding at a CAGR of 7.8% between 2023 and 2030.

Physiologically active fibers called beta-glucans are the naturally occurring cell walls of a variety of plants, such as yeast, mushrooms, oats, barley, and others. These beta-glucans have shown numerous positive effects on human health. The human system cannot generate beta-glucans. As a result, the body's immune response recognizes them, and they trigger both naturally occurring and adaptive immunological reactions. The readily accessible beta-glucan is being offered to promote the health of one's immune system, the gastrointestinal system, the cardiovascular system, and other systems. Yestimun is a brewer's yeast-derived, 85% unadulterated beta-glucan. By inducing an immune-modulating reaction, beta-glucan is beneficial for gastrointestinal wellness. In the wake of the COVID-19 epidemic, consumers are becoming more mindful of their health and cleanliness, which has led to a notable increase in the global beta-glucan market. Customers are now actively involved in safeguarding their health via nutritious habits and are becoming more conscious of it. Due to this, consumers now prefer functional, low-calorie, non-oily, nutritious, and superfoods over processed foods. Customers now closely monitor the nutritional information and product contents, and they are more cognizant of the substances in food. Due to the change in customer behavior, there is a greater need for nutritious dietary supplements and foods. As a result, several manufacturers have launched novel food items that are organically made, functional, and free from genetic modification.

Beta-Glucan Market Major Driving Forces

Growth in Health Conscious Public:  The growing inclination of consumers toward healthier food options is fueling the expansion of the beta-glucan market worldwide. It may be linked to growing consciousness about eating a nutritious diet, which in turn is driving up the need for beta-glucan derived from plants.

Demand for Clean-Label Products: Another driver propelling the beta-glucan market as a whole is a growing preference for nutrient-dense dietary supplements above artificial ones, which is fueled by consumer preference for clean-label items. Organic and nutrient-dense plant-based products such as beta-glucan are being quickly incorporated by vendors of nutritious foods and beverages and nutraceutical manufacturers in response to the growing demand for healthy products.

Global Rise in Aging Population:  An increasing number of people worldwide are becoming interested in ingredients that promote health. As a result, given their possible immune-boosting properties, the elderly population is demanding more beta-glucans.

Health Benefits of Beta-Glucans:   The multiple antibacterial, anticancer, anti-diabetic, and anti-hypercholesterolemic (controls cholesterol levels) properties of beta-glucan have been proven in multiple research studies. Beta-glucan is a modulator of tissue reaction and an immune response stimulation. Since beta-glucans are capable of linking certain receptors, they may induce a cellular response that can prove advantageous in situations where the human system is producing fewer blood cells (hematopoiesis) or immunosuppression caused due to chemotherapy and radiation.

Beta Glucan Market Key Opportunities

Easy Availability of Raw Material: The utilization of beta-glucan in numerous downstream industries is being made possible by access to beta-glucan’s naturally occurring compounds such as yeast, mushrooms, and cereals.

Shift towards Nutrient Rich Food: It is anticipated that growing consumer preferences for food that is rich in nutrients and a decline in the use of synthesized compounds are expected to accelerate the growth of the beta-glucan market.

Pharmaceutical Applications: Numerous studies have shown that beta-glucan stimulates different human cells and proteins that support the fight against cancer. It also helps boost the immune system, which enables it to fight off prevalent illnesses such as influenza and the common cold.

Beta-Glucan Market Key Trends

·         Consumer knowledge of beta-glucan's health benefits is growing.

·         growing consumer demand for beverages and products with clean labels

·         Growing acceptance of functional food and drink items

·         increasing usage of beta-glucan across a range of sectors, including livestock nutrition, personal hygiene, and medicinal products.

·         Growing need for botanical sources of beta-glucan

·         Technological developments in the extraction and preparation of beta-glucan.

·         Strategic alliances among producers of food and beverages and suppliers of beta-glucan.

·         Increasing focus on sustainable production of beta-glucan.

Region-wise Market Insights

North America accounted for the largest market share at 31.1% in 2022 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 9.3% between 2023 and 2030.

Due to its numerous health benefits, beta-glucan has gained a lot of attention in the European market, especially in the food and beverage, pharmaceutical, and cosmetics industries. Europe is an outlet for beta-glucan items that promote health and wellness benefits such as lowering cholesterol or immunity boosters as consumers there are usually well-informed about these matters. Furthermore, the existence of a strong regulatory framework, such as that of the European Food Safety Authority (EFSA), gives legitimacy to wellness claims that have been approved, which may stimulate market demand. Businesses in this area would be well to modify their marketing plans to conform to local consumer preferences and legal requirements. Businesses can position themselves competitively by focusing on meeting the needs of a health-conscious consumer base and optimizing their product offerings. Asia Pacific is predicted to have the biggest market share and to lead the world market in terms of revenue growth over the course of the forecast period. China's consumers are growing increasingly conscious of the health benefits of functional foods; in the coming years, the disposable economy and the growing demand for a diet high in protein and energy-boosting foods will propel the demand for beta-glucan. Customers have also begun buying imported goods in China as a result of recent food-related issues, such as the use of melamine in dairy products. These goods are thought to be of a better caliber, more dependable, and to have more vital functional parts.

Segment-wise Market Analysis

·         By Type: The market is divided into soluble and insoluble segments depending on type. The market has been monopolized by soluble. Due to the high solubility of beta-glucan, producers are able to produce goods with a smooth texture. Since soluble beta-glucan can be readily absorbed and utilized by the skin to provide the required dermatological or aesthetic benefits, it is frequently used in the cosmetics industry to create skincare products. These days, businesses sell soluble beta-glucan, which dissolves more readily in water than insoluble beta-glucan and is therefore suitable for a wide range of applications.

·         By Application: The market is divided into four segments on the basis of application: food and beverage, cosmetics, health and dietary supplements, and others. The market has been dominated by the food and beverage sector. The growing global adoption of functional foods and dietary supplements is expected to be the primary driver of market expansion. When it comes to fortifying meals and beverages, there are a variety of fiber options available, with beta-glucan gaining popularity.

Market Competition Landscape

In the upcoming years, the beta-glucans market is anticipated to maintain its competitive landscape. The primary players in the market are concentrating on growing their capacity for manufacturing, diversifying into novel markets, and enhancing their range of products. It is anticipated that this will raise competitiveness in the market.

There are also new players entering the beta-glucans market, particularly from emerging markets. These new competitors are concentrating on creating cutting-edge products while simultaneously providing beta-glucan products at competitive prices. This is making the market more competitive.

·         AHD International

·         Tate & Lyle PLC

·         Kerry Group

·         Biothera Pharmaceuticals, Inc.

·         Biotec Pharmacon ASA

·         Garuda International, Inc.

·         AIDP, Inc.

·         Ohly

·         Pharmactive Biotech Products, S.L.

·         Glanbia Nutritionals

·         Bachem Group

·         Lesaffre Human Care

·         Agrifirm

·         Kemin Industries

·         Specialty Biotech Co., Ltd.

·         Nexira

·         Novozymes A/S

·         Biopolymer Engineering Inc.

·         Lonza Group

·         Givaudan

Cargill is a prominent player in the food production and ingredient industries worldwide. Oat, barley, and yeast beta-glucan are just a few of the many beta-glucan products that the company sells. Products from Cargill that contain beta-glucan are utilized in cereals, bakery goods, dairy products, and animal feed, among other food and beverage applications. Another significant player in ingredients for food and drink is Tate & Lyle. Oat, barley, and wheat beta-glucan are just a few of the many beta-glucan products that the company sells. Products from Tate & Lyle's beta-glucan line are utilized in cereals, bakery goods, dairy products, and sports drinks, among other food and beverage applications.