May 22, 2020
According to the research report titled ‘Beta Glucan Market Size, By Extract, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global beta glucan market is expected to grow substantially during 2020-2026.
For the record, beta glucans are sugars found in algae, bacteria, lichens, yeasts and fungi as well as in plants such as oats and barley. The product is used to treat skin for conditions such as eczema, radiation burns, diabetic ulcers, wrinkles, wounds, burns and bedsores.
Rising adoption of various beta glucan extracts in the animal feed sector is a major factor driving the market growth. The product is soluble dietary fiber which helps in improving cholesterol levels as well as enhancing heart health. Beta glucan is also available in supplement form. It not only helps in stimulating the immune system but also controls blood sugar levels in the body.
The product when consumed orally lowers the blood cholesterol level by impeding the absorption of cholesterol from food in stomach and intestines. Beta glucans, when given by injection, are known for enhancing the immunity system by increasing the volume of chemicals which further protects the body from infections.
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In terms of extract type, cereals segment is predicted to expand significantly during the forecast period. Increasing application of oats in food & beverage, pharmaceuticals and cosmetics industry as well as in animal feed including swine, aquaculture and poultry is fueling the segmental share. The report states that the pharmaceutical application accounted for 15% of cereal market share in the recent past, primarily due to high adoption of these extracts for pharmaceutical preparations.
On the other hand, barley-based beta glucan market segment is expected to register considerable growth during the forecast period. Increasing awareness pertaining to dermatological aspects in healthcare will propel the demand for barley-based beta glucan lotions & creams. Since insoluble beta glucan powder helps in boosting metabolism and eases digestion, it is recording huge demand from animal feed industry.
Further elaborating on the extract type, insoluble yeast segment is anticipated to showcase noticeable growth in the ensuing years. Growing demand for yeast beta glucan due to rising consumption of bakery food products will aid in the segmental growth.
The insoluble mushroom extract segment held 35% market share in 2019 and is reckoned to amass appreciable returns by the year 2026. The product is source of amino acids. According to the report, animal feed application of mushroom beta glucan market is poised to expand modestly over the study duration, primarily due to widespread adoption of the product in aquaculture and swine industries.
As per the report, insoluble seaweed beta glucan market segment is slated to register notable growth during the forecast period. Shifting preferences towards seaweed products and growing demand for high quality seaweed based beta glucan powders is swaying the business dynamics.
Considering the geographical landscape, Middle East & Africa held 5% of global beta glucan industry share in 2019 and is expected to witness lucrative growth in the ensuing years. Evolving dietary patterns coupled with rising per capita income are augmenting the regional demand.
Allhealth Trends Inc., Newgen Biotech, Jkosmmune LLC, Algaeon, Tate & Lyle, Kerry Group, Alltech Life Sciences, Sigma-Aldrich Corp. and Garuda International Inc. are the key players in global beta glucan market.