PUNE, India, March 24, 2017 /PRNewswire/ --
The report "Beta-Glucan Market by Source (Cereal, Mushroom, Yeast, Seaweed), Application (Food & beverages, Personal care, Pharmaceuticals, Animal feed), Category (Soluble, Insoluble), and Region - Global Forecast to 2022", published by MarketsandMarkets, is projected to reach USD 476.5 Million by 2022, at a CAGR of 7.57% from 2017.
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The market is driven by factors such as growing health consciousness among consumers, increasing health expenditure, and growing application of beta-glucan in different industries. The latter drives the need for modification in beta-glucan products, to be used in the food & beverage industry, pharmaceutical, functional food, and animal feed industries.
Beta-glucan from cereal as a source is projected to be the fastest-growing market during the period 2017-2022
Globally, the production of beta-glucan from cereal is expected to remain dominant, due to the high availability of raw materials and ease of extraction. North America is projected to grow at the highest CAGR from 2017 to 2022 while Europe is projected to be the largest market for beta-glucan from sourced from cereal, by 2022. Yeast as a source of beta-glucan is projected to be the second-largest market by 2022.
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Soluble beta-glucan is projected to be the fastest-growing market during the period 2017-2022
Soluble fiber helps normalize the blood sugar levels while insoluble fiber is vital for balanced digestion. Soluble beta-glucan is projected to dominate the market globally during the forecast period. Soluble beta-glucan fiber found in the right amount in oats binds with cholesterol and prevents it from being reabsorbed into the bloodstream, thereby lowering the risk of heart disease.
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The pharmaceuticals application accounted for the largest share in the Beta-Glucan Market in 2016
On the basis of application, the market is segmented into food & beverages, personal care, pharmaceuticals, and animal feed. The application of beta-glucan in food & beverages is projected to grow at the highest CAGR during the forecast period. The market is driven by the growing health awareness among consumers. Therefore, companies are offering modified beta-glucan products for different applications such as functional food, beverages, dietary supplements, animal nutrition, and personal care due to their health and skin benefits
Europe dominated the Beta-Glucan Market in 2015
The European region was the largest market for beta-glucan in 2016. This can be attributed to the increase in demand for various beta-glucan products in countries such as Germany and the U.K. The growing food & beverage industry is, in turn, driving the growth of the functional food ingredients market in Germany, which as a result is influencing the growth of the regional Beta-Glucan Market.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Cargill (U.S.), Kerry Group plc (Israel), Tate & Lyle (U.K.), Royal DSM (Netherlands), Ohly (Germany), Frutarom (Israel), MilliporeSigma (U.S.), Super Beta Glucan (U.S.), and Lesaffre Human Care (France).
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