Market Size of Asia-Pacific Beta-Glucan Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.75 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Beta-Glucan Market Analysis
Asia Pacific Beta-Glucan market is projected to grow at a CAGR of 5.75% during the forecast period (2020 - 2025).
- The rising demand for soluble dietary fiber, increasing population, and availability of resources are encouraging key players in the beta-glucan market to expand their presence in the region.
- The demand for natural, organic, and free-from ingredients and products has increased significantly in Australia, which has triggered the use of beta-glucan extracted from mushroom, algae, and yeast.
- New players are entering the market due to rising demand for functional food with antioxidant benefits, especially to capture the market share in the functional food and beverage segment.