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Tate & Lyle, Biotec Pharmacon ASA Profiled in Beta Glucan Market 2024 | Top Players - Biothera Pharmaceuticals, Inc., Ceapro, Altech, Lallemand, Pharmacon, Gistex, DSM, Koninklijke, Lura Lean
Beta Glucan Market
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Company Profiles
1. Tate & Lyle
2. Biotec Pharmacon ASA
3. Biothera Pharmaceuticals, Inc.
4. Ceapro
5. Altech
6. Lallemand
7. Pharmacon
8. Gistex
9. DSM
10. Koninklijke
11. Lura Lean
Favourable FDA regulation regarding approved health claims of dietary fibre in lowering heart disease risk. Beta Glucan reduces low density lipoprotein (LDP) or bad cholesterol and reduces coronary artery blockages. It finds wide application in packaged food such as breakfast cereal, RTE and nutrition bars as dietary fibre. Rise in income level and growing consumer health consciousness has increased healthy food consumption. It supresses appetite this property which is beneficial for people following weight loss program. It improves digestion and gut health due to prebiotic properties. Prevailing health conditions such as obesity and coronary disease has promoted need for weight loss and better diet habits thereby stimulating industry growth.
Beta glucan boost body immune system and given to patients undergoing chemotherapy and radiation treatments through intravenously (IV) or injection in muscles. It provides instant energy and help to maintain energy level in patients suffering from physical & emotional stress, chronic fatigue syndrome.
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It is used in cakes, pastry, chocolates and muffins preparation owing to properties like acidity regulator, sugar additives, stabilisers, natural sweeteners. Global confectionery market was valued about USD 185 billion in 2016. Rise in gifting trend along with various players engaged in innovative product development may drive confectionary industry market size thereby acting as a major contributing factor towards beta glucan demand. Growing consumer awareness for natural additives in confectionary products may favour industry growth.
Beta glucan reduces fat content and maintains mouth fullness of ice cream. It attributes porosity and improves ice cream meltdown rate. It is also used in yogurt manufacturing and improves viscosity and consistency of yogurt by increasing water binding capacity. Global dairy ingredient industry is poised to surpass USD 85 billion by 2024. Shift in consumer preference towards dairy product as a complete nutrition source may drive industry growth.
Over active corticosteroid hormones inhibit collagen fibres growth and retards wound healing process. Doctor prescribe systematic beta glucan administration to boost fibroblast growth that accelerates scar tissue formation. It is prescribed to patient’s undergone surgery and improve immunity system to fight infection.
It is utilised in skin ointments formulation to cure wounds, diabetic ulcers, eczema, bedsores and burns, owing to improved healing property. It provides nourishment, hydrates skin and reduces fine line and wrinkles and used in skin creams and lotions. Positive outlook towards cosmetic industry due to rising consumer demand towards personal care products may fuel product demand.
Beta glucan is used as an effective alternative for poultry antibiotics due to its organic nature. It improves feed efficiency, induce growth and decrease flock variability. It prevents diseases and improves digestion process thereby forming an important ingredient in poultry feed. Strict government regulations led by FDA and EU Commission regarding ban on antibiotic growth promoters along with growing awareness among animal feed manufacturers regarding beta glucan usage in animal nutrition may boost product demand
Global supplement market was valued over USD 125 billion 2016. Beta glucan promotes immunity and helps to fight infection. It mitigates cough & cold, pain, fatigue, headache and flu symptoms. Rising consumer spending on dietary supplement should may have positive influence on industry growth
North America, driven by the U.S beta glucan market may witness significant growth due to increasing adults’ participation in gym and sports activities. Presence of major player engaged in developing natural growth promoters for poultry feed may propel regional growth.
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Europe driven by UK, France, Italy and Germany beta glucan market may register significant gains owing to increase in consumer health awareness. Rise in aging population has led to high spending on pharmaceutical products thereby stimulating product demand. Increasing nutraceuticals and functional food consumption along with government initiatives encouraging beta glucan marketing due to increasing need for prevention from food related non-communicable disease may stimulate regional growth.
Asia Pacific, led by India, Japan, and China beta glucan market may grow significantly. Rise in convenience food demand owing to rise in working demographics along with aging population with prevailing cancer and diabetic diseases may propel regional growth.
FDA regulation promote beta glucan usage in food & beverages and pharmaceutical applications. However seasonal availability of cereals and excessive extraction cost may limit industry profitability thereby affecting beta glucan price trends.
Global beta glucan market share is consolidated. Key players include Tate & Lyle, Biotec Pharmacon, Biothera, Ceapro, Koninklijke, Altech, Lallemand, Lura Lean, Pharmacon, Gistex and DSM.
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