Beta Glucan Based Products Market: Moving Towards a Brighter Future 2018-2026 With Top Players Jkosmmune, Lesaffre Group, Merck KGaA, Garuda International, Inc., Ohly GmBH, Koninklijke DSM N.V.
Increasing applications of beta glucan as potential active ingredient in various food, medical, pharmaceutical, animal feed, and industrial applications is expected to increase demand for beta glucan and this is expected to aid in growth of the market in the near future. Moreover, health benefits of beta glucan along with changing consumer preferences towards use of nutritious food and dietary supplements among global population is expected to propel the market growth. The global beta glucan based products market size was valued at US$ 455.4 Mn in 2017 and is expected to witness a CAGR of 7.2% during the forecast period (2018 – 2026).
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Furthermore, key players in the market are focusing on gaining significant market share by adopting various strategies and this is expected to aid in the market growth. For instance, in April 2017, Kemin Industries acquired a beta-glucan manufacturing technology from Algal Scientific, a company headquartered in Plymouth, U.S. In October 2014, NutraQ announced that it entered into a distribution partnership with American International Chemical LLC (AIC) to exclusively distribute NBG range of beta-glucans in in the U.S., Canada, and Mexico.
Changing consumer preferences towards the use of nutritious food supplements over synthetic ingredients is expected to drive the market growth during the forecast period Beta glucan is gaining interest among the population due to its multiple functional and bioactive properties. Beta glucan shows beneficial role in reducing insulin resistance, dyslipidemia, hypertension, and obesity. A study published in the Today’s Dietitian Journal: May 2014 stated that overweight men who consumed 7 g/day of beta-glucan for 12 weeks experienced a significant reduction in body mass, waist circumference, and visceral fat compared to those in the placebo group.
Subsequently, the application of β-glucan as a food ingredient is being widely considered with dual purposes of increasing the fiber content of food products and enhancing their health properties. As prevalence of cardiovascular disease (CVD) is increasing, identifying functional foods that reduce CVD risk factors (including high blood cholesterol) is an important area of research. Thus, oat β-glucan, a soluble dietary fiber found in the endosperm cell walls of oats, has gained considerable interest due to its cholesterol-lowering properties.
Increasing application of beta glucans in various infectious disease treatments is further expected to aid in the market growth
Various clinical and research studies support the application of beta glucan as a biological response modifier for the treatment of cancer and infectious diseases. However, the size and biochemical composition of β-glucans isolated from different sources affect their immunomodulatory properties.
Beta glucans are used in medical field to treat various diseases such as hyper cholesterolemia, diabetes, cancer, and HIV/AIDS. Beta glucans act as modulator for immune system. Moreover, it is used in the treatment of various cancers such as pulmonary malignancy, prostate cancer, and breast cancer. Beta glucans are also used for treatment of various types of diseases that are correlated with immune system infections.
Key players operating in the beta glucan based products market include Jkosmmune, Lesaffre Group, Merck KGaA, Garuda International, Inc., Ohly GmBH, Koninklijke DSM N.V., Kerry Group PLC, STR Biotech Co. Ltd., Macrocare Tech Co., Ltd., Amarte USA, LLC, Ceapro Inc., Biotec Pharmacon ASA, Quegen Biotech Co., Ltd., Kemin Industries, Inc., NutraQ AS, Lantmännen, Carbon Medical Technologies, Inc., Givaudan SA, Danaher Corporation, Super Beta Glucan Inc. and AIPPO.
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Among region, Europe is expected to be the most lucrative region in the beta glucan based products market. In Europe, beta glucan products are readily offered by several key players, thereby creating competition for delivering efficient beta glucan based products and thus, lowering overall cost, ensuring easy end user access.
Regulatory authorities are imposing regulations and streamlining approval process for product approvals and easier access. Increasing engagement of regulatory bodies in approving health claims is favoring adoption of beta glucan products in this market and this is expected to drive growth of the market in the region. For instance, in November 2017, Council of the European Union authorized an extension of use of yeast beta-glucans as a novel food ingredient under Regulation (EC) No 258/97.
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