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Global Beta Glucan Market is segmented by Type as Soluble, Insoluble; by Application as Dairy, Bakery, Health and Dietary Supplements, Cosmetics and Geography.
Fastest Growing Market:
CAGR% (2019 - 2024):
Global Beta Glucan Market is forecasted to reach USD 562.52 million by 2024 growing at a CAGR of 7.1%during the forecast period (2019 - 2024).
β-Glucans comprise a group of β-D-glucose polysaccharides naturally occurring in the cell walls of cereals, bacteria, and fungi, with significantly differing physicochemical properties dependent on the source. The Beta Glucan Market has been segmented by application. An approximate 20% of mushroom-sourced β-glucan is equivalent to 80-85% yeast-sourced β-glucan. Among cereals, oat and barley, along with rye and wheat, are used as sources for the extraction of β-glucan. The long-term success of novel foods, with β-glucan as an ingredient, can be achieved through the strategic marketing of the functional benefits of, and new product developments on, β-glucan-enriched products. Implementation of such strategies by the key players is expected to drive the market.
|Health and Dietary Supplements|
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Cereal β-glucan from oat, barley, wheat, and rye induce a variety of physiological effects that positively impact the consumer’s health. The highest content of β-d-glucan was observed in barley and oat grains. Oats contain a form of soluble fiber, called oat β-glucan, which is particularly concentrated in the outer layers of the grain. This fiber is known for its cholesterol-lowering and hypoglycemic properties, as well as its use in various cosmetic applications and also used for blood glucose reduction. Barley contains the highest level, of up to 11 %, β-glucan among all the cereals. In many Western countries, barley is mainly used for animal feed and malting. However, there is renewed interest in barley as human food, due to its health benefits, including its potential to reduce the risk of cardiovascular disease by lowering cholesterol and improving glucose tolerance.
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The market recorded a stable growth in the North American and European markets, with Europe holding the maximum market share. However, the Asia-Pacific region is expected to witness a huge growth during the forecast period. In May 2011, the EFSA Panel noted that “the “high intake” scenario for ‘yeast β-glucan’ is grossly similar to the background intake of β-glucan from other dietary sources”. Trends that are driving the market growth, include expansion and product enhancement strategies by various players. The food industry is constantly witnessing innovations in the healthy-food category, in order to meet the rising demand for natural additives. There is also an advanced nutraceuticals market that has many product offerings with β-glucan as a primary ingredient. Sweden and Norway are the other main countries that have seen high investment in specialty food ingredients by big global manufacturers, because of their ideal climate for growing oats.
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Most active companies, globally, are Associated British Food Plc, Tate & Lyle, Kerry Group, and Biotic Pharmacon. Associated British Food Plc. is the most active among all the five and company’s most known strategy is to acquire and launch new products. The other leading key players are Lesaffre Human Care, Angel Yeast Co. Ltd, Immuno Medic, Super β-glucan (SBG) Inc., DSM Food Specialties BV & DSM Nutritional Products AG and others. In 2016, Associated British Foods PLC (“ABF”) had confirmed its plans to acquire full ownership of Illovo Sugar Limited (“Illovo”), and had received the requisite shareholder approvals in South Africa.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
5.2 By Application
5.2.3 Health and Dietary Supplements
5.3.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.3.4 Rest of the World
18.104.22.168 South America
22.214.171.124 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Key Strategies Adopted
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Associated British Foods Plc
6.4.2 Biotec Pharmacon ASA (Biotec Betaglucans AS)
6.4.3 Tate & Lyle Oat Ingredients
6.4.4 Lesaffre Human Care
6.4.5 Angel Yeast Co. Ltd
6.4.6 Immuno Medic
6.4.8 AIT Ingredients
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
* List Not Exhaustive