Beta Glucan Market Is Estimated to Witness High Growth Owing to Increasing Health Benefits12/12/2023 The beta glucan market is estimated to be valued at US$ 595.51 Mn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Beta glucan is a type of soluble fiber found in foods like oats, barley, mushrooms, and bacteria. It has various health benefits such as improves immunity, lower cholesterol level, manage blood sugar, and aid in weight loss. Beta glucan is commonly used in foods such as cereals, instant soups, sauces, dressings, bakery and snacks to enhance texture and increase fiber content. Market Dynamics: The beta glucan market is driven by increasing health awareness among consumers and growing preference for dietary supplements for enhancing immunity. According to a study, the dietary intake of beta glucan may help support healthy immune function. Also, beta glucan provides texture to foods which is boosting its application in variety of food products. However, high prices of beta glucan products are hindering the market growth. Growing demand for clean label and natural ingredients in food industry is opening new avenues for market players. Innovation in extraction process and new product launches catering specific health needs will provide major growth opportunities over the forecast period. SWOT Analysis Strength: The beta glucan market has strong growth potential due to the various health benefits of beta glucan such as boosting immunity, lowering cholesterol, and improving heart health. Beta glucan is used as an ingredient in various food products and dietary supplements. The increasing awareness about the benefits is driving the demand for beta glucan. Weakness: The beta glucan extraction process from sources such as oats and barley is complex and expensive. This increases the cost of beta glucan products. Further, lack of standardization in terms of dosage and purity exists in the market. Opportunity: Growing demand for functional food and beverages provides an opportunity for increased usage of beta glucan in these products. Further, the rising health-conscious consumer base opens up opportunities for new product development in the market. Threats: Stringent regulatory frameworks and approval process for new ingredients pose threats for market growth. Further, the availability of alternative functional ingredients may threaten the demand for beta glucan. Key Takeaways Global Beta Glucan Market Size is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing health consciousness among consumers. The various health benefits of beta glucan such as boosting immunity, lowering cholesterol, and improving heart health are driving its demand from food & beverage and pharmaceutical industries. Regional analysis: North America is expected to dominate the global beta glucan market over the forecast period. This is attributed to the increasing consumer preference for healthy and functional foods in the region. Furthermore, strong growth is anticipated in Asia Pacific led by China, India, and Japan on account of rising health expenditure and growing middle-class population. Key players Key players operating in the beta glucan market are Associated British Foods Plc, Biotec Pharmacon ASA (Biotec BetaGlucans AS), Biothera, the Immune Health Company, Ceapro Inc., Immuno Medic AS, Koninklijke DSM N.V., Super Beta Glucan (SBG) Inc., Groupe Soufflet S.A (AIT Ingredients), Tate & Lyle plc. (Tate & Lyle Oats Ingredients), and Zilor Inc. (Biorigin). Get More Insights on this Topic- https://www.rapidwebwire.com/beta-glucan-market-size-share-and-demand-outlook/
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