Beta-Glucan Market

Beta-Glucan Market by Category (Soluble, Insoluble), Source (Cereal & Grains, Mushroom, Yeast, Seaweed), Application (Food & Beverage, Dietary Supplement, Personal Care, Cosmetics, Pharmaceutical, Animal Feed), Type and Region - Global Forecast to 2029

Report Code: FB 5113 Apr, 2024, by marketsandmarkets.com

[350 Pages Report] The market for beta-glucan is estimated at USD 542 million in 2024; it is projected to grow at a CAGR of 8.1% to reach USD 800 million by 2029. The growing need for nutritional supplements stems from urbanization and the hectic pace of modern life. Consequently, food additives are incorporated into food products to enhance their nutritional value without posing any adverse effects. Both the conventional and organic food sectors are witnessing a surge in demand for natural ingredients. According to a 2022 report by BakeryandSnacks, a prominent online publication in the bakery and snacks industries, natural ingredients are at the forefront of consumer preferences: approximately 47% of global consumers seek natural products, and 55% prioritize natural attributes when purchasing products in at least one category. The demand for natural food additives has surged due to stringent EU regulations that restrict the use of synthetic additives, leading to significant growth in the food additives market. Beta-glucan, sourced from various materials including cereals, grains, yeast, mushrooms, and seaweed, is a safe and naturally occurring potent Biological Response Modifier (BRM) that nutritionally stimulates the immune system. Consequently, there is a rising demand for food products enriched with beta-glucan to support a healthy lifestyle.

Beta-Glucan Market

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Beta-Glucan Market Opportunities

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Beta-Glucan Market Dynamics

Driver: Beta-glucan's growing role in multiple industrial applications

Beta-glucan has long been recognized for its health-promoting properties, including boosting the immune system, reducing inflammation, and lowering cholesterol. Its versatile applications are expanding beyond the realms of health and nutrition. Recently, there's been a surge of interest in utilizing beta-glucan across diverse industries, transcending its traditional use in food and supplements. For instance, beta-glucan is being explored as an eco-friendly alternative in food packaging, aiming to replace conventional petroleum-derived plastics. Research published in the Journal of Applied Polymer Science in 2020 showcased that films made from beta-glucan exhibited promising mechanical strength. These films could potentially serve as edible coatings for fresh produce, enhancing their shelf life and freshness. Moreover, the European Commission's Joint Research Centre has delved into using beta-glucan as a coating agent for paper-based packaging. This application aims to bolster the packaging's resistance to water and increase its longevity. In line with this innovation, Biopack, a leading food packaging company, introduced a beta-glucan-based coating in 2021. This innovative coating not only enhances the water-resistant and durable properties of paper-based packaging but also aligns with sustainability goals, making packaging more environmentally benign.

Restraint: Price volatility of raw materials

Price instability in raw materials significantly impacts the beta-glucan market. A prime example of this is the fluctuation in oat prices, a key source of beta-glucan, due to weather-related events. For instance, a severe drought in Scandinavia in 2018 led to a substantial increase in oat prices. Consequently, this rise affected the prices of beta-glucan products dependent on oats, making them more costly for consumers. Concurrently, in 2018, the demand-driven price surge for beta-glucan derived from yeast also escalated, particularly in the food and beverage sector.

Drawing a parallel to recent data from the IMF, the volatility in raw material prices remains evident. Barley prices experienced a significant increase from USD 104 per Metric Ton in 2020 to USD 178 per MT in 2021, further rising to USD 225 per MT in 2022. Similarly, oat prices saw an uptick, moving from USD 3 per bushel in 2020 to USD 4.8 per bushel in 2021 and reaching USD 5.5 per bushel in 2022. Such price variations underscore the challenges faced by the beta-glucan market, where changes in raw material costs directly impact the affordability and availability of beta-glucan products for consumers..

Opportunity: Increase in application of beta glucan in different industries

Due to growing research and awareness of its functional benefits, beta-glucan is seeing increased adoption across fast-paced sectors like food & beverage and pharmaceuticals. It finds predominant use in food, nutraceuticals, cosmetics, personal care, and animal feed industries. The rising demand for health-promoting and prebiotic properties in beta-glucan is driving its application in food & beverages and pharmaceuticals. In 2021, Alltech, an animal nutrition company, introduced Optigen, a beta-glucan additive derived from yeast, aimed at boosting the immune system and gut health of poultry.

While beta-glucan has been extensively studied for its potential health advantages, such as immune modulation, anti-inflammatory effects, and cholesterol reduction, recent years have seen increased interest in its application across diverse industries beyond food and supplements. Beta-glucan is being explored as a biodegradable and renewable alternative to petroleum-based plastics in food packaging. A 2020 study in the Journal of Applied Polymer Science highlighted that beta-glucan-based films exhibited favorable mechanical properties, indicating their potential as edible coatings for fruits and vegetables. The European Commission's Joint Research Centre has also delved into using beta-glucan as a paper coating to enhance its water resistance and durability. In 2021, Biopack, a food packaging company, launched a beta-glucan-based coating to improve the water resistance and sustainability of paper-based packaging.

Moreover, beta-glucan's potential in wound healing through tissue regeneration and inflammation reduction has been a subject of study. A 2021 systematic review and meta-analysis published in the International Journal of Biological Macromolecules affirmed that beta-glucan-based dressings effectively foster wound healing in both human and animal trials. The review also highlighted the well-tolerated nature of beta-glucan-based dressings with minimal side effects.

Challenge:Lack of consumer awareness

A major hurdle facing the beta-glucan industry is the limited awareness among consumers and food manufacturers about its potential uses and benefits. This lack of familiarity can restrict the demand for products containing beta-glucan and hinder market expansion. Research illustrates this issue; a 2018 study in the Journal of Nutrition Education and Behavior revealed that while consumers recognized the health advantages of oatmeal, they were less informed about the specific benefits of beta-glucan. The study recommended that raising awareness of beta-glucan's health-promoting properties could stimulate demand for products incorporating this ingredient. Government entities, such as the United States Department of Agriculture (USDA), have a role to play in enhancing beta-glucan awareness by disseminating research on its health benefits, including its potential to lower cholesterol and support heart health. Additionally, the European Food Safety Authority (EFSA) has approved health claims related to beta-glucan, such as its ability to lower blood cholesterol levels.

Beta-Glucan Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of beta-glucan. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Tate & Lyle PLC (England), Kerry Group PLC (Ireland), Koninklijke DSM NV (Netherlands), International Flavors & Fragrances INC. (US), Merck (US).

Top Companies in Beta-Glucan Market

Cereals & grains are anticipated to dominate the beta-glucan market in terms of market share.

The market for cereals and grains rich in beta-glucan is projected to experience substantial growth in the forthcoming years, fueled by the escalating consumer demand for healthier and functional foods. Beta-glucan, a dietary fiber present in the cell walls of cereals like oats, barley, and rye, offers various health advantages, including cholesterol reduction, enhanced heart health, and immune system fortification.

Oats stand as the predominant source of beta-glucan, and the demand for oat-based products is anticipated to surge in the coming years. The increasing popularity of oat milk and oat-centric snacks underscores this evolving trend. Additionally, barley and rye, as alternative sources of beta-glucan, are also expected to witness rising demand.

Furthermore, the COVID-19 pandemic has precipitated a change in consumer preferences towards health-enhancing and immune-boosting foods, further amplifying the demand for cereals rich in beta-glucan. In summary, the market for beta-glucan-enriched cereals and grains is poised for significant expansion, driven by the growing consumer inclination towards functional and healthier food options. Industry participants are actively investing in research and development to introduce new products and improve existing ones, thereby stimulating market growth. Companies are innovating by formulating blends of beta-glucan with other ingredients to craft distinctive products with augmented health benefits. For example, in 2019, Kellogg's unveiled "Hi! Happy Inside" breakfast cereal, touted as a digestive wellness product featuring beta-glucan from wheat as a key component.

The soluble category in the beta-glucan market is forecasted to register the most significant CAGR over the projected period.

Soluble beta-glucan, a form of soluble fiber present in various foods like oats, barley, and mushrooms, offers a range of health advantages. These benefits include lowering cholesterol levels, enhancing immune system functionality, and potentially decreasing the likelihood of certain cancers.

The escalating demand for soluble beta-glucan can be attributed to the growing body of scientific research supporting its health-promoting properties. For instance, a 2022 review published in the Nutrients journal revealed that the consumption of beta-glucan from oats or barley can lead to reductions in both total and LDL cholesterol levels, which are key risk factors for cardiovascular diseases. Furthermore, the study suggested that beta-glucan might also provide additional cardiovascular benefits, such as mitigating inflammation and enhancing endothelial function.

The food & beverage segment is projected to dominate the market based on application.

Consuming beta-glucan has been associated with various health advantages, including lowering the risk of chronic conditions such as diabetes, heart disease, and specific types of cancer. The US FDA has endorsed health claims related to beta-glucan, indicating that "soluble fiber from certain foods like oats and barley, when part of a diet low in saturated fat and cholesterol, can potentially reduce the risk of heart disease." In 2021, the Swedish oat milk brand Oatly introduced a new range of beta-glucan-fortified oat milk products in the US market. Branded as "Oatly+ Beta-Glucan," these products are promoted for their potential to enhance heart health and overall well-being. Consequently, the rising demand for beta-glucan in the food and beverage sector is fueled by the growing recognition of its health benefits, especially in preventing and managing chronic illnesses.

The Asia Pacific region is anticipated to experience the most rapid growth between 2024 and 2029.

The beta-glucan market has been analyzed across regions including North America, Europe, Asia Pacific, South America, and the Rest of the World. In the Asia Pacific region, the beta-glucan market is propelled by innovations and advancements in beta-glucan-based food, beverage, industrial, and healthcare products. This growth trend is prompting local Asian firms to diversify their product offerings with beta-glucan, aiming to achieve substantial revenue growth. Additionally, the expanding market in the region.

Major players operating in the Tate & Lyle PLC (UK), Kerry Group plc (Ireland), dsm-firmenich (Switzerland), Merck (Germany), Lesaffre  (France), Kemin Industries (US), Angel Yeast Co. Ltd (China), Lallemand (Canada), Associated British Foods Plc (UK), Biorigin (Brazil), Ceapro Inc. (Canada), Specialty Biotech Co., Ltd. (US), Alltech (US), Garuda International Inc. (US), and Leiber (Germany).

Other players in the market include VW-Ingredients (Netherlands), Super Beta Glucan(US), GlycaNova AS  (Norway), NutriScience Innovations, LLC (US), Algalíf Iceland hf. (Iceland), ABAC R&D  (Switzerland), Natural Biologics (New Zealand), BENEO (Germany), L&P Food Ingredient Co., Ltd. (China), Beta Bio Technology sp. z o. o (Poland).

North American Beta-Glucan Market Size, and Share

Key Market Players 

Key Market Players in this include Tate & Lyle PLC (London), Kerry Group PLC (Ireland), DSM Firmenich (Switzerland), Merck (US), Kemin Industries (US), Alltech (US), AngelYeast Co., Ltd (China), Lallemand Inc. (Canada),  Leiber (Germany), Lesaffre (France) Associated British Foods Plc (UK), Biorigin (Brazil), Ceapro Inc. (Canada), Specialty Biotech Co., Ltd. (US), Alltech (US), Garuda International Inc. (US), and Leiber (Germany).

Other players include VW-Ingredients (Netherlands), Super Beta Glucan(US), GlycaNova AS  (Norway), NutriScience Innovations, LLC (US), Algalíf Iceland hf. (Iceland), ABAC R&D  (Switzerland), Natural Biologics (New Zealand), BENEO (Germany), L&P Food Ingredient Co., Ltd. (China), Beta Bio Technology sp. z o. o (Poland).

  These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

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Scope of the Report

:

Report Metric

Details

Market size estimation

2024–2029

Base year considered

2023

Forecast period considered

2024–2029

Units considered

Value (USD), Volume (Ton)

Segments Covered

By Source, by Application, by Category, by Type, by Extraction method (Qualitative) And Region

Regions covered

North America, Europe, Asia Pacific, South America, and RoW

Companies studied

Key Players:

  • Tate & Lyle PLC (UK)
  • Kerry Group PLC (Ireland)
  • dsm-firmenich (Switzerland)
  • Associated British Foods plc (UK)
  • Alltech (US)
  • AngelYeast Co., Ltd (China)
  • Lallemand Inc. (Canada)
  • Leiber (Germany)
  • Lesaffre (France) 
  • Merck (Germany)
  • Ceapro Inc. (Canada)
  • Biorigin (Brazil)
  • Kemin Industries, Inc (US)
  • Specialty Biotech Co., Ltd (Thailand)
  • Garuda International Inc. (US)

Other Players:

  • VW-Ingredients (Netherlands)
  • Super Beta Glucan (US)
  • GlycaNova AS (Norway)
  • NutriScience Innovations, LLC (US)
  • Algalíf Iceland hf. (Iceland)
  • ABAC R&D (Switzerland)
  • Natural Biologics (New Zealand)
  • BENEO (Germany)
  • L&P Food Ingredient Co., Ltd. (China)
  • Beta Bio Technology sp. z o. o (Poland)

This research report categorizes the beta-glucan market based on source, application, category, type, extraction method (qualitative), and region.

Beta-glucan market:

By Source
  • Cereals & Grains
    • Oats
    • Barley
    • Other Sources
  • Mushroom
  • Yeast
  • Seaweed
By Application
  • Food & Beverages
  • Personal Care
  • Cosmetics
  • Pharmaceuticals
  • Dietary Supplements
  • Animal Feed
    • Livestock
    • Pets
By Category
  • Soluble Beta-glucan
  • Insoluble Beta-glucan
By Type
  • (1,3) Beta-glucan
  • (1,4) Beta-glucan
  • (1,6) Beta-glucan
By Extraction Method (Qualitative)
  • Beta-glucan from Cereals
  • Beta-glucan from Yeast 
Region
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • RoW

Recent Developments

  • In June 2023, Kemin Industries has received approval from the Thai Food and Drug Administration (TFDA) for its immune support ingredient, BetaVia Complete, as a Novel Food in Thailand. BetaVia Complete is derived from Kemin’s proprietary strain of algae, Euglena gracilis, which is rich in beta-1,3-glucan, protein, and essential fatty acids. The TFDA has approved its use in food supplements at a dosage of 375 milligrams per day after conducting a thorough safety evaluation.
  • In December 2022, Kemin Industries expanded its production facility in Cavriago, demonstrating the company's dedication to innovation and sustainability in animal nutrition and health. With these new additions, Kemin aims to meet the rising demand for premium-quality beta-glucan products and further foster innovation in this crucial sector.
  • In January 2022, DSM introduced an integrated Food & Beverage operating structure that consolidates three segments of its nutrition business: Food Specialties, Hydrocolloids, and a portion of its Nutritional Products Group. The newly formed Food & Beverage division aims to guide consumers in making choices that balance taste, texture, and health. This strategic move aligns with DSM's objective to evolve into a fully dedicated Health, Nutrition & Bioscience company, building on its announcement from September 2021.
  • In June 2020, Lesaffre acquired a majority stake in the Chinese firm, Biohymn Biotechnology, a specialized producer of yeast and yeast extracts. With an eye on its expansion plans and to tap into the Chinese market, Lesaffre made this significant investment. This move aligns perfectly with Lesaffre Human Care's strategy to bolster its footprint in China and enhance its proximity to clients.
  • in December 2021, Angel Yeast commenced its yeast product expansion project, targeting an annual output of 20,000 tons. Undertaken by China National Chemical Engineering NO.16 Construction Co., Ltd., this expansion is slated for completion by May 2024. The project aims to significantly boost the company's total production capacity.

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TABLE OF CONTENTS
 
1 INTRODUCTION 
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 INCLUSIONS & EXCLUSIONS
           1.3.3 REGIONS COVERED
           1.3.4 YEARS CONSIDERED
    1.4 UNIT CONSIDERED 
           1.4.1 CURRENCY/ VALUE UNIT
           1.4.2 VOLUME UNIT CONSIDERED
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY 
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key Primary Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
    2.4 RESEARCH ASSUMPTIONS 
           2.4.1 ASSUMPTIONS OF THE STUDY
    2.5 LIMITATIONS AND RISK ASSESSMENT 
    2.6 RECESSION IMPACT ANALYSIS 
           2.6.1 RECESSION MACROINDICATORS
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
 
5 MARKET OVERVIEW 
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC INDICATORS 
    5.3 MARKET DYNAMICS 
           5.3.1  DRIVERS
           5.3.2  RESTRAINTS
           5.3.3  OPPORTUNITIES
           5.3.4  CHALLENGES
 
6 INDUSTRY TRENDS 
    6.1 INTRODUCTION 
    6.2 SUPPLY CHAIN ANALYSIS 
    6.3 VALUE CHAIN ANALYSIS 
    6.4 TRADE ANALYSIS 
    6.5 TECHNOLOGY ANALYSIS 
           6.5.1  KEY TECHNOLOGIES
                    6.5.1.1 Technology 1
                    6.5.1.2 Technology 2
           6.5.2  COMPLIMENTARY TECHNOLOGY
                    6.5.2.1 Technology 1
           6.5.3  ADJACENT TECHNOLOGY
                    6.5.3.1 Technology 1
    6.6 PRICING ANALYSIS 
           6.6.1  AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOURCE
           6.6.2  AVERAGE SELLING PRICE TREND, BY REGION 
           6.6.3  AVERAGE SELLING PRICE TREND, BY SOURCE
    6.7 ECOSYSTEM ANALYSIS/ MARKET MAP 
           6.7.1 DEMAND SIDE
           6.7.2 SUPPLY SIDE
    6.8 TRENDS/DISRUPTIONS IMPACTING THE CUSTOMER’S BUSINESS 
    6.9 PATENT ANALYSIS 
           6.9.1 LIST OF MAJOR PATENTS PERTAINING TO THE MARKET
    6.10 KEY CONFERENCES & EVENTS IN 2024-2025 
    6.11 TARIFF & REGULATORY LANDSCAPE 
                    6.11.1   TARIFF DATA FOR YEAST (HS CODE 2102)
                    6.11.2  REGULATORY BODIES, GOVERNMENT AGENCIES, & OTHER ORGANIZATIONS
    6.12 PORTER’S FIVE FORCES ANALYSIS 
           6.12.1 INTENSITY OF COMPETITIVE RIVALRY
           6.12.2 THREAT OF NEW ENTRANTS
           6.12.3 THREAT OF SUBSTITUTES
           6.12.4 BARGAINING POWER OF SUPPLIERS
           6.12.5 BARGAINING POWER OF BUYERS
    6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
                    6.13.1  KEY STAKEHOLDERS IN THE BUYING PROCESS
                    6.13.2  BUYING CRITERIA
    6.14 CASE STUDY ANALYSIS 
    6.15 INVESTMENT AND FUNDING SCENARIO 
    6.16 BETA-GLUCAN PURITY ANALYSIS 
 
7 BETA-GLUCAN MARKET, BY SOURCE 
    7.1 INTRODUCTION 
    7.2 CEREAL’S & GRAINS 
           7.2.1  OATS
           7.2.2  BARLEY
           7.2.3  OTHER SOURCES
    7.3 MUSHROOM 
    7.4 YEAST 
    7.5 SEAWEED 
 
8 BETA-GLUCAN MARKET, BY APPLICATION 
    8.1 INTRODUCTION  
    8.2 FOOD & BEVERAGES 
    8.3 PERSONAL CARE 
           8.3.1  BY FORM
                    8.3.1.1 Cream 
                    8.3.1.2 Lotion
                    8.3.1.3 Other Personal Care Forms
           8.3.2  BY FUNCTIONALITY
                    8.3.2.1 Spot Reduction
                    8.3.2.2 Skin Treatment/wound Healing
                    8.3.2.3 Skin Moisturization and Hydration
                    8.3.2.4 Anti-Irritation/ Anti-Inflammatory
                    8.3.2.5 Collagen Stimulation & Anti- Aging
                    8.3.2.6 Other Personal Care Functionalities
    8.4 COSMETICS 
           8.4.1  BY FORM
                    8.4.1.1 Cream 
                    8.4.1.2 Lotion
                    8.4.1.3 Other Cosmetic Forms
           8.4.2  BY FUNCTIONALITY
                    8.4.2.1 UV Protection
                    8.4.2.2 Barrier Enhancement
                    8.4.2.3 Skin Moisturization and Hydration
                    8.4.2.4 Collagen Stimulation & Anti- Aging
                    8.4.2.5 Other Cosmetic Functionalities
    8.5 PHARMACEUTICALS 
    8.6 DIETARY SUPPLEMENTS 
    8.7 ANIMAL FEED 
           8.7.1  LIVESTOCK
           8.7.2  PETS
 
9 BETA-GLUCAN MARKET, BY CATEGORY 
    9.1 INTRODUCTION  
    9.2 SOLUBLE BETA GLUCAN 
    9.3 INSOLUBLE BETA-GLUCAN 
 
10 BETA-GLUCAN MARKET, BY TYPE 
     10.1 INTRODUCTION  
     10.2 (1,3) BETA GLUCAN 
     10.3 (1,4) BETA GLUCAN  
     10.4 (1,6) BETA GLUCAN 
 
11 BETA-GLUCAN MARKET, BY EXTRACTION METHOD (QUALITATIVE) 
     11.1 INTRODUCTION  
     11.2 BETA-GLUCAN FROM CEREAL 
     11.3 BETA-GLUCAN FROM YEAST 
 
12 BETA-GLUCAN MARKET, BY BRAND 
     12.1 INTRODUCTION  
     12.2 EPICOR 
     12.3 BETAVIA 
     12.4 M GARD 
     12.5 NUTRAMUNITY 
     12.6 ABB C1 
     12.7 WELLMUNE 
     12.8 YESTIMUN 
     12.9 BENICAROS 
     12.1 PUREMUNE 
     12.11 ANGEL YEAST 
     12.12 OTHER BRANDS 
 
13 BETA-GLUCAN MARKET, BY REGION 
     13.1 NORTH AMERICA 
             13.1.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
             13.1.2 US
             13.1.3 CANADA
             13.1.4 MEXICO
     13.2 EUROPE 
             13.2.1 EUROPE: RECESSION IMPACT ANALYSIS
             13.2.2 GERMANY
             13.2.3 UK
             13.2.4 ITALY 
             13.2.5 SPAIN
             13.2.6 FRANCE 
             13.2.7 REST OF EUROPE
     13.3 ASIA PACIFIC 
             13.3.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
             13.3.2 CHINA
             13.3.3 JAPAN 
             13.3.4 INDIA
             13.3.5 AUSTRALIA & NEW ZEALAND
             13.3.7 REST OF ASIA PACIFIC
     13.4  SOUTH AMERICA 
             13.4.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
             13.4.2 BRAZIL
             13.4.3 ARGENTINA
             13.4.4 REST OF SOUTH AMERICA
     13.5  REST OF THE WORLD 
             13.5.1 ROW: RECESSION IMPACT ANALYSIS
             13.5.2 MIDDLE EAST 
             13.5.3 AFRICA
 
14 COMPETITIVE LANDSCAPE 
     14.1 OVERVIEW 
     14.2 REVENUE ANALYSIS (2019 – 2023)  
     14.3 MARKET SHARE ANALYSIS, 2023 
     14.4 KEY PLAYERS STRATEGIES/RIGHT TO WIN 
     14.5 COMPANY VALUATION AND FINANCIAL METRICS  
     14.6 BRAND/PRODUCT COMPARISON 
     14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             14.7.1 STARS
             14.7.2 EMERGING LEADERS
             14.7.3 PERVASIVE PLAYERS
             14.7.4 PARTICIPANTS
             14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                       14.7.5.1 Company Footprint
                       14.7.5.2 Region Footprint
                       14.7.5.3 Source Footprint
                       14.7.5.4 Application Footprint
                       14.7.5.5 Category Footprint
     14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023  
               14.8.1 PROGRESSIVE COMPANIES
               14.8.2 RESPONSIVE COMPANIES
               14.8.3 DYNAMIC COMPANIES
               14.8.4 STARTING BLOCKS
               14.8.5  COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                       14.8.5.1 Detailed list of key start-up/SMEs
                       14.8.5.2 Competitive benchmarking of key start-up/SMEs
     14.9 COMPETITIVE SCENARIO AND TRENDS 
             14.9.1 NEW PRODUCT LAUNCHES
             14.9.2 DEALS
             14.9.3 EXPANSIONS
             14.9.4 OTHERS
 
15 COMPANY PROFILES  
     15.1 KEY PLAYERS 
               15.1.1  TATE & LYLE
               15.1.2  KERRY GROUP PLC
               15.1.3  DSM-FIRMENICH
               15.1.4 ANGELYEAST CO., LTD.
               15.1.5  LESAFFRE
               15.1.6 ALGALÍF ICELAND HF.
               15.1.7  ALLTECH
               15.1.8  MERCK KGAA
               15.1.9  KEMIN INDUSTRIES, INC
               15.1.10  LALLEMAND INC
               15.1.11  LEIBER GMBH
               15.1.12  ASSOCIATED BRITISH FOODS 
               15.1.13  BIORIGIN
               15.1.14  CEAPRO INC
               15.1.15  SPECIALTY BIOTECH CO.,LTD
     15.2 OTHER PLAYERS/ STARTUPS/SMES 
               15.2.1  GLYCANOVA AS
               15.2.2  GARUDA INTERNATIONAL, INC.
               15.2.3  VW-INGREDIENTS 
               15.2.4 L&P FOOD INGREDIENT CO., LTD
               15.2.5  NUTRISCIENCE INNOVATIONS, LLC
               15.2.6  BENEO
               15.2.7  ABAC R&D AG
               15.2.8  FOODCHEM INTERNATIONAL CORPORATION
               15.2.9  NATURAL BIOLOGICS, INC
               15.2.10  SUPER BETA GLUCANS
 
16 ADJACENT& RELATED MARKETS   
 
17 APPENDIX 
     17.1 DISCUSSION GUIDE 
     17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     17.3 AVAILABLE CUSTOMIZATIONS 
     17.4 RELATED REPORTS 
     17.5 AUTHOR DETAILS 

 

The study involved two major approaches in estimating the current size of the beta-glucan market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to identify and collect information.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted after obtaining information regarding the beta-glucan market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to beta-glucan sources, categories, application, type, extraction method, and region. Stakeholders from the demand side, such as processed food and functional food products manufacturers, were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of beta-glucan and the outlook of their business, which will affect the overall market.

Beta-Glucan  Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

COMPANY NAME

designation

Tate & lyle (England)

General Manager

Associated British Foods plc (UK)

Sales Manager

Alltech (US)

Manager

AngelYeast Co., Ltd (China)

Head of processing department

Lallemand Inc. (Canada)

Marketing Manager

Leiber (Germany)

Sales Executive

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the beta-glucan market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and the overall markets were identified through extensive secondary research.
  • All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

Global Beta-glucan market: Supply-side analysis.

Beta-Glucan Market Supply Side

To know about the assumptions considered for the study, Request for Free Sample Report

Global Beta-glucan market: Top-Down Approach.

Beta-Glucan  Market Top Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall beta-glucan market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.

Market Definition

Beta-glucans are naturally occurring polysaccharides that function as immunomodulatory agents. That is, they help and regulate the immune system and as dietary fibers that contribute to reducing the total plasma cholesterol and lowering the glycemic index of food. Beta-glucans are predominantly found and extracted from cell walls in yeast, fungi, and seaweed. Primary sources of beta-glucan include yeast, mushrooms, seaweed, and cereals, such as oats, rye, barley, and wheat.

Key Stakeholders

  • Raw material suppliers
  • Regulatory bodies that include the following:
  • Food safety agencies, such as the Food and Drug Administration (FDA), European Food Safety Authority (EFSA), (US Department of Agriculture (USDA), and Food Standards Australia New Zealand (FSANZ)
  • Government agencies and NGOs
  • End users that include the following:
  • Food & beverage manufacturers/suppliers
  • Health & personal care product manufacturers/suppliers
  • Retailers/wholesalers
  • Commercial Research & Development (R&D) institutions and financial institutions
  • Importers and exporters of beta-glucan
  • Traders, distributors, and suppliers
  • Research organizations, trade associations, and industry bodies

Report Objectives

Market Intelligence

  • To determine and project the size of the beta-glucan market with respect to the sources, applications, type, category, and regions in terms of value and volume over five years, ranging from 2024 to 2029.
  • To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
  • To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market.
  • To identify and profile the key players in the beta-glucan market.
  • To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

  • Further breakdown of the European beta-glucan market into key countries.
  • Further breakdown of the Rest of Asia Pacific beta-glucan market into key countries.

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
FB 5113
Published ON
Apr, 2024
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