The worldwide beta glucan-based products market was valued at USD 500 million in 2021 and is expected to grow to over USD 1,000 million by 2030, with a CAGR of 7.5% during the forecast period. The study on the beta glucan-based products market highlights the competitive landscape and business opportunities both domestically and internationally. Estimates and projections of the market size were provided using a thorough research approach that was adjusted to the demands of the beta-glucan product market. The market for goods based on beta-glucan has been divided into two segments: grade (pharma, medical, food, cosmetics, improved oil recovery, or eOR), and source (cereals, yeast, mushrooms, and others).
The Beta Glucan Based Products Market research provides critical data and the market status of Beta Glucan Based Products Market manufacturers, as well as useful guide and direction for businesses and people interested in the Beta Glucan Based Products Market Industry. The Beta Glucan Based Products industry Report also includes a vendor landscape and a full analysis of the top suppliers in the industry.
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Beta Glucan Based Products Market Segmentation
By Application
- Food & Beverages
- Health & Dietary Supplements
- Cosmetics
Regional Scope
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Regional Insights
Asia Pacific is expected to have the biggest market share and will continue to dominate the worldwide market in revenue throughout the forecast period. China has the greatest economic development in APAC, and the need for beta-glucans is expanding as a result of changing lifestyle preferences and a thriving dairy industry. Customers in China are becoming more aware of the health advantages of functional foods; in the next years, demand for beta-glucan will be driven by the disposable economy, as well as an increased desire for a protein-rich diet capable of raising energy levels. Customers have started buying imports as a result of ongoing food-related problems in China, such as the usage of melamine in dairy products. These items have more significant functional components, are more trustworthy, and are of a better caliber.
Market Dynamics
The demand for beta glucan is anticipated to rise in the near future due to its growing uses as a possible active component in a variety of culinary, pharmaceutical, medical, animal feed, and industrial applications. Furthermore, the health advantages of beta glucan along with shifting consumer preferences among the world’s population toward the usage of nutrient-dense foods and dietary supplements are anticipated to fuel market expansion.
Additionally, major market players are concentrating on expanding their market share significantly using a variety of tactics, which is anticipated to support the market’s expansion. For example, in April 2017, the Plymouth, Massachusetts-based business Algal Scientific sold its beta-glucan production technology to Kemin Industries. NutraQ announced in October 2014 that it has partnered with American International Chemical LLC (AIC) to offer the NBG line of beta-glucans solely in the United States, Canada, and Mexico.
Scope of the Report
This report offers past, present as well as future analysis and estimates for the Beta Glucan Based Products Market. The market estimates that are provided in the report are calculated through an exhaustive research methodology. The research methodology that is adopted involves multiple channels of research, such as – primary research, secondary research, and subject-related expert advice. The market estimates are calculated based on the influence of the current market dynamics along with various economic, social, and political factors on the Seasonal Affective Disorder Market. Also, various regulations, government spending, and research and development growth define the market data. Both positive, as well as negative changes to the market, are taken into consideration for the market estimates.
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