The global Beta Glucan Market is estimated to be valued at US$ 551.4 Mn in 2022 and is expected to exhibit a CAGR of 8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Beta Glucan Market refers to the market for a type of soluble fiber found in oats, barley, and other grains and mushrooms. Beta glucans have gained significant attention in recent years due to their potential health benefits, particularly in boosting the immune system. These natural compounds are known to enhance the immune response and reduce the risk of certain diseases. As a result, there is a growing demand for beta glucan-containing products, including supplements, functional foods, and beverages. These products are increasingly being consumed by health-conscious individuals looking to improve their overall well-being and immunity.
Market key trends:
One of the key trends driving the Beta Glucan Market is the increasing use of beta glucan in the cosmetic industry. Beta glucan has shown promising results in enhancing skin health and reducing signs of aging. It acts as a humectant, helping to retain moisture in the skin and improve its elasticity. Additionally, beta glucan has anti-inflammatory and antioxidant properties, making it an attractive ingredient for skincare products. The rising consumer demand for natural and organic skincare products, coupled with the growing awareness of the benefits of beta glucan, is driving its incorporation in various cosmetic formulations.
Overall, the Beta Glucan Market is poised for significant growth, driven by the increasing demand for immune-boosting products and the expanding application of beta glucan in the cosmetic industry. Manufacturers and industry players are expected to capitalize on these trends and develop innovative products to meet consumer preferences and needs.
PEST Analysis:
Political: The political factors affecting the Beta Glucan market include government regulations and policies related to food and dietary supplements. The market may be influenced by changes in regulations regarding the use of beta glucan in products, labeling requirements, and import/export policies.
Economic: The economic factors impacting the market include the overall economic growth and consumer purchasing power. A strong economy and increasing disposable income can drive the demand for beta glucan products, while economic downturns may lead to a decrease in consumer spending.
Social: The social factors influencing the market include consumer awareness and acceptance of beta glucan as a dietary supplement. Changing consumer lifestyles and preferences for natural and functional ingredients can contribute to the market growth.
Technological: The technological factors affecting the market include advancements in extraction and processing technologies, as well as innovations in product formulations. Improvements in technology can lead to higher production efficiency and the development of new and more effective beta glucan products.
Key Takeaways:
The global Beta Glucan market is expected to witness high growth, exhibiting a CAGR of 8% over the forecast period (2023-2030), due to increasing consumer awareness about the health benefits of beta glucan. The market size is projected to reach US$ 551.4 Mn by 2022.
In terms of regional analysis, North America is expected to be the fastest growing and dominating region in the Beta Glucan market. This can be attributed to the rising demand for natural and functional ingredients in food and dietary supplements, coupled with the increasing prevalence of chronic diseases.
Key players operating in the Beta Glucan market include Associated British Foods Plc, Biotec Pharmacon ASA (Biotec BetaGlucans AS), Biothera, the Immune Health Company, Ceapro Inc., Immuno Medic AS, Koninklijke DSM N.V., Super Beta Glucan (SBG) Inc., Groupe Soufflet S.A (AIT Ingredients), Tate & Lyle plc. (Tate & Lyle Oats Ingredients), and Zilor Inc. (Biorigin). These companies are focusing on research and development activities to introduce innovative beta glucan products and expand their market presence.
The global Oat Beta Glucan Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Oat Beta Glucan Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/oat-beta-glucan-market/download-sampleMarket DynamicsOats are a rich source of beta-glucan.
Oat beta-glucan is widely demanded worldwide due to its nutritional value, dietary contribution, and medicinal advantages.
Oat beta-glucan has cholesterol-lowering properties, reduces the risk of cardiovascular diseases, decreased blood sugar response, and improves gut health.
Growing research focussed on exploring the potentials of oat beta-glucan for different health conditions is expected to present new market opportunities.
