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According to the latest report by IMARC Group, titled, “Beta Glucan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global beta glucan market size reached US$ 477.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 729.9 Million by 2028, exhibiting a growth rate (CAGR) of 7.64% during 2023-2028.
Market Overview:
Beta glucan is a soluble fiber that comes from the cell walls of bacteria, fungi, yeasts, and some plants. It is found naturally in a variety of sources, including oats, barley, sorghum, rye, maize, triticale, wheat, rice, mushrooms, and seaweed. It helps stimulate the immune system by increasing the production of essential chemicals that prevent infections. It also slows down the absorption of sugar into the bloodstream and helps regulate diabetes. In addition, it assists in reducing fat absorption in the digestive tract to support healthy blood cholesterol levels. It is rich in antioxidants and aid neutralize harmful radicals, prevent inflammation, and protect against chronic conditions. It alleviates the symptoms of Crohn’s disease, fibromyalgia, rheumatoid arthritis, chronic fatigue syndrome and ulcerative colitis. `Moreover, beta glucan aids in promoting digestive health and weight management. As a result, it is used in formulating various medicines for diabetes and hypertension. At present, its finds extensive applications in food and beverages (F&B), animal feed, personal care products and cosmetics, and pharmaceutical industries.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Beta Glucan Market Trends and Drivers:
Presently, the rising prevalence of chronic diseases and the escalating demand for herbal medications are among the key factors positively influencing the market. In addition, a significant rise in the health consciousness and awareness among individuals about the health benefits of beta-glucan. This, along with the increasing adoption of a healthy lifestyle, is catalyzing the demand for beta glucan supplements. Apart from this, the easy availability of beta glucan supplements across various e-commerce websites and offline distribution channels, which offer the facilities of free doorstep delivery and secured payment gateways, is strengthening the market growth. Besides this, beta glucan plays a vital role in improving the activity of lymphocytes, which provides immunity for invasions of bacteria, viruses, and parasites, by producing antibodies and protecting against antigens. Additionally, beta-glucans help in boosting recovery among patients that are undergoing surgeries and cancer treatments, which is creating a favorable market outlook. Besides this, the increasing adoption of various marketing strategies, such as social media promotions through celebrity endorsements, is bolstering the market growth. Additionally, the rising preference for organic food variants that contain a high amount of beta glucan is offering lucrative opportunities to key market players to introduce more product variants. Furthermore, an increase in the application of beta-glucan in the production of personal care products to provide deep hydration to the skin is catalyzing its demand across the globe.
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Beta Glucan Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on type, source and industry vertical.
Breakup by Type:
Breakup by Source:
Breakup by Industry Vertical:
Breakup by Region:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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