Top Driving Factors of Beta-Glucan Market with leading Key Players - Cargill, Kerry Group plc, Tate & Lyle, Royal DSM, Frutarom, MilliporeSigma, Super Beta Glucan, and Lesaffre Human Care

The beta-glucan market is projected to grow at a CAGR of 7.57% from 2017, to reach USD 476.5 Million by 2022. The market has become more diversified in recent years. The demand for food & beverages and pharmaceuticals is increasing, which is positively driving the demand for beta-glucan due to its health-promoting and prebiotic properties. With the increasing consciousness and concern about health & wellness, the demand for multifunctional beta-glucan is expected to increase in the coming years.

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On the basis of category, the global market was dominated by soluble beta-glucan, followed by insoluble, in terms of value, in 2016. The rising standards of living due to improved economic conditions are expected to fuel the growth of beta-glucan, which in turn is driving manufacturers to increase the production, which is subsequently driving growth in the soluble category.

The market, on the basis of source, is segmented into cereal, yeast, mushroom, and seaweed. Cereal and yeast are the major sources of beta-glucan. Beta-glucan from cereal such as oat and barley dominated the market in 2016. Barley fiber plays a beneficial role in improving human health. Europe dominated the market for beta-glucan extracted from cereal in 2016. The North American market is projected to grow at the highest CAGR for beta-glucan extracted from yeast.

The market, on the basis of application, is segmented into pharmaceuticals, food & beverages, personal care, and animal feed. The pharmaceuticals segment accounted for the largest market share in 2016; yeast beta-glucan is increasingly considered as a nutraceutical ingredient for its positive effect on the immune system. The food & beverage sector is projected to grow at the highest CAGR during the forecast period. Popular uses for beta-glucans in the beverage category include fruit smoothies, dairy-alternative drinks, and powdered drink mixes.

The European region was the largest market for beta-glucan in 2016. This can be attributed to the increase in demand for various beta-glucan products in countries such as Germany and the U.K. The growing food & beverage industry is, in turn, driving the growth of the functional food ingredients market in Germany, which as a result is influencing the growth of the regional beta-glucan market.

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The key players that have a strong presence in the global beta-glucan market include Tate &Lyle (U.K.), Kerry Group Plc (Ireland), Cargill (U.S.), Royal DSM (Netherlands), Ohly (Germany), and Millipore Sigma (U.S.).

These key market players adopted various growth strategies such as acquisitions and expansions & investments to cater to the increasing demand for beta-glucan. Companies increased their R&D expenditure to expand their beta-glucan processing capacities and manufacture diversified beta-glucan products, as beta-glucan finds applications in various industries such as pharmaceuticals and nutraceuticals.

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