Market Size of North America Beta-Glucan Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.87 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Beta-Glucan Market Analysis
The North American beta-glucan market is projected to grow at a CAGR of 5.87% during the forecast period (2022-2027).
North America Beta Glucan Market has witnessed significant growth despite the COVID-19 pandemic due to increasing health and hygiene consciousness among consumers in this region. As a result, customer demand for nutritious, low-calorie, non-oily, functional, and superfoods has migrated away from processed meals. Consumers are increasingly aware of food ingredients and pay great attention to nutrition labels and product composition. As a result of this shift in consumer behavior, demand for healthy foods and supplements has surged, driving a slew of new functional, non-genetically modified, and naturally produced food products to hit the market.
Beta-glucan, which is characterized as the most popular emerging ingredient in the immune health segment, is witnessing a huge demand from consumers. Technological advancement in oat and barley beta-glucan extractions in recent years has led to commercial, purified beta-glucan market growth in the region.
Government initiative to improve infants' health conditions is playing a vital role in driving the sales of infant formula in the country, which is also driving the demand for infant formula fortified by beta-glucan.
