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Market Overview of Global Beta Glucan market:
According to our latest research, the global Beta Glucan market looks promising in the next 5 years. As of 2022, the global Beta Glucan market was estimated at USD 414.7 million, and it's anticipated to reach USD 626.92 million in 2028, with a CAGR of 7.13% during the forecast years.
Beta Glucan is a polysaccharide composed of glucose monomers naturally found in bacteria, fungi, algae and cereals, including ?-1,3 / 1,6 in yeast and mushroom glucan, and ?-1,3 / 1,4 in oat and barley glucan. Beta glucan has a variety of biological effects, such as immune-enhancing and antioxidant.
COVID-19 has been a global outbreak since late 2019, and as of November, more than 58 million people have been infected worldwide, resulting in nearly 1.3 million deaths. There is still no effective drug and a vaccine is still in development. Currently, immunity is the most powerful weapon against COVID-19. Direct endothelial injury by viruses and dysregulation of clotting mechanisms due to cytokine storm are the major precipitating factors of mortality in COVID-19; both are attributed to a fundamental dysregulation of the immune system. While immune dysregulation can be attributed to several factors, the risk of associated thrombogenic disruption varies across individuals. This variation depends on several factors, such as comorbidities, including diabetes, hypertension, and cardiovascular diseases. Epidemiological studies have shown that COVID-19 mortality is positively correlated with the age of the population. In addition to age, immunity is also related to diet and nutrition. Multiple vitamins, including vitamins A, B6, C, D, and E, and micronutrients such as zinc, iron, selenium, magnesium, and copper are important for supporting both the innate and adaptive immune systems. There is increasing evidence that B-glucan supplementation can support the body's natural defenses, and the demand for beta-glucan is growing rapidly as a popular dietary supplement to enhance immune function. As a result, the global dietary supplements market has witnessed an explosive growth in the demand for immune enhancing ingredients. Rising demand and expanding production capacity of companies are contributing to the growth of the beta-glucan industry.
In addition, the COVID-19 pandemic has created many challenges for Beta Glucan's downstream companies, especially manufacturers that rely on workers who cannot perform their jobs remotely. Some major industrial companies have closed plants and are considering the scope of layoffs to help contain the spread of the virus, as well as for economic reasons. Manufacturing will be hit hard during this outbreak for two main reasons: First, many manufacturing jobs are performed on site and cannot be performed remotely. Second, the slowdown in economic activity has reduced the global demand for industrial products. Keeping consumers and employees healthy is a top priority for businesses and governments alike. Prolonged plant closures (full or partial) may be necessary for manufacturers in hard-hit regions. As a result, the demand for Beta Glucan in manufacturing industries such as downstream industries will decline.
Regulatory Compliance
As governments become more stringent in their regulation of food safety and environmental protection, it is especially important to strengthen the management of food safety and environmental concerns, which places higher demands on the development of the Beta Glucan industry, and will increase the responsibility and security investment of companies to promote environmental protection at a high level, manage odors, and prevent food safety risks. In Europe, regulations tend to be very conservative or vague, and this continues to have a negative impact on the market and creates commercial uncertainty. In China, product standards are mainly based on those of the European Union and the United States, which are becoming increasingly stringent.
Potential for Development
Beta glucan has potential market, which presents an opportunity for the industry to grow. Take mushroom beta glucan as an example. Mushroom extracts are to be preferred over yeast-derived beta-glucan supplements. They achieve a similar immune-modulating effect at a lower dosage and on top of that have many other beneficial health effects not found in yeast beta-glucan products. Since there are few commercially available functional products on the market that can be fortified with mushroom beta-glucan. It has a great potential to be used in various food industries. Beta glucan industry has entered the stage of competition that relies on technological progress, and must rely on technological innovation to cope with rapid development. The company should speed up the research on the new development direction and trend of the industry, increase investment in research and development, carry out technical reserves and cutting-edge research, create differentiated products and services, subdivide the market and key customers, and customize the research and development of products to meet the special needs of customers.
Region Overview:
In 2021, the share of the Beta Glucan market in Europe stood at 37.94%.
Company Overview:
Kerry is one of the major players operating in the Beta Glucan market, holding a share of 16.2% in 2022.
Kerry
Kerry is a public food company headquartered in Ireland. The Group is divided into several business areas: ingredients and flavors, consumer foods and agribusiness.
DSM NV
DSM is a purpose-led global science-based company in Nutrition, Health and Sustainable Living. DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative business solutions for human nutrition, animal nutrition, personal care and aroma, medical devices, green products and applications, and new mobility and connectivity.
Segmentation Overview:
By type, Soluble segment accounted for the largest share of market in 2021.
Beta glucan can be divided into soluble beta glucan and insoluble beta glucan. The differences between soluble and insoluble beta-glucans are significant in regards to application, mode of action, and overall biological activity. Cereal and seaweed extracts contain mostly soluble beta-glucan, whereas mushroom and yeast beta-glucan are mostly insoluble.
Application Overview:
By application, the Food & Beverages segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Beta Glucan market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Beta Glucan Market Report:
Market Size Estimates: Beta Glucan market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Beta Glucan market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Beta Glucan market
Segment Market Analysis: Beta Glucan market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Beta Glucan market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Beta Glucan Market: Revenue and sales volume of major countries in each region
Beta Glucan Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Beta Glucan market in major regions.
Beta Glucan Industry Value Chain: Beta Glucan market raw materials & suppliers, manufacturing process, distributors, downstream customers
Beta Glucan Industry News, Policies & Regulations
Key players in the global Beta Glucan market are covered in Chapter 12:
Kemin Industries, Inc.
Angel Yeast
Biotec Pharmacon ASA
DSM NV
Super Beta Glucan Inc
Zilor Inc (Biorigin)
Ceapro Inc
ABF Ingredients
Groupe Soufflet SA (AIT Ingredients)
Garuda International, Inc
Kerry
Glycanova AS
Lantmännen
In Chapter 2 and Chapter 15.1, based on types, the Beta Glucan market from 2018 to 2028 is primarily split into:
Soluble
Insoluble
In Chapter 3 and Chapter 15.2, based on applications, the Beta Glucan market from 2018 to 2028 covers:
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Beta Glucan market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028