The global beta glucan market size is expected to reach USD 1,055.4 million by 2030, registering a CAGR of 8.0% during the forecast period, according to a new report by Grand View Research, Inc. The industry is anticipated to grow, primarily on account of its increased application in industries, including nutraceutical, functional food and pharmaceutical.
The consumers in the industry lay high emphasis on the source of the product. In addition, the overall quality is generally determined by the consumers through the certifications associated with the product. The industry is characterized by the presence of a notable regulatory framework with regulations related to processing, packaging, and transportation of the product.
Manufacturers are inclined toward use of innovative extraction methods such as AME, dry fractionation to increase the concentration of bioactive ingredients in the extract in an attempt to increase the customer base. Rising number of groceries, retail stores, and supermarkets offering the products are expected to trigger the industry growth.
Gather more insights about the market drivers, restrains and growth of the Global Beta-Glucan Market
There is an upsurge in the usage of seaweed for the extraction process with heavy investment noted by the companies which is anticipated to drive the industry growth over the forecast period. Mushroom is known to have more than 30 varieties, and is available in abundance across the globe, thereby benefitting the industry.
Beta Glucan Market Report Highlights
Mushroom sourced beta-glucan is expected to be the fastest-growing segment, in terms of revenue, registering a CAGR of 9.0% from 2023 to 2030 owing to the superior health benefits offered by the large varieties of mushroom grown for manufacturing different beta glucan productsInsoluble product segment is expected to exhibit a CAGR of 8.7%, in terms of volume, on account of high demand for the product for use as an ingredient in the nutraceutical industry and pharmaceutical formulations. Insoluble forms of the product are largely consumed as a purgatory drug owing to its property in drug formulationsThe industry in Asia Pacific is anticipated to exhibit the fastest growth, registering a CAGR of 9.5% from 2023 to 2030 on account of rising awareness among population towards the consume naturally sourced pharmaceutical preparationsThe industry is exhibiting a high growth potential, due to which key players are focused towards the development of advanced formulations in that provide superior health benefits in a bid to cash in on the rapidly developing marketBrowse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.
Sea Moss Market: The global sea moss market size was valued at USD 2.58 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 2.1% from 2024 to 2030.Protein Supplements Market: The global protein supplements market size was valued at USD 5.83 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030.Beta Glucan Market Segmentation
Grand View Research has segmented the beta-glucan market on the basis of source, Product, application, and region:
Beta Glucan Source Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)
CerealMushroomYeastsSeaweedBeta Glucan Product Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)
SolubleInsolubleBeta Glucan Application Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)
Food & BeveragesPersonal Care & CosmeticsPharmaceuticalsAnimal FeedOthersBeta Glucan Regional Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)
North AmericaS.CanadaMexicoEuropeUKGermanyFranceItalySpainAsia PacificChinaJapanIndiaSouth KoreaCentral & South AmericaBrazilArgentinaMiddle East & AfricaSaudi ArabiaSouth AfricaOrder a free sample PDF of the Beta-Glucan Market Intelligence Study, published by Grand View Research.
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