Market Research Report
Global Soluble Beta Glucan Market - Segmented by Source (Cereals, (Seaweed, Yeast, and Mushroom)), by Application (Food and Beverage, Health and Dietary Supplement, Cosmetics, Others), and by Geography - Growth, Trends and Forecasts (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||708617|
|Published||Content info||108 Pages
Delivery time: 2-3 business days
|Global Soluble Beta Glucan Market - Segmented by Source (Cereals, (Seaweed, Yeast, and Mushroom)), by Application (Food and Beverage, Health and Dietary Supplement, Cosmetics, Others), and by Geography - Growth, Trends and Forecasts (2018 - 2023)|
|Published: September 1, 2018||Content info: 108 Pages||
The global soluble beta-glucan market to attain a CAGR of 6.9% during the forecast period (2018-2023), primarily due to the increase in the utilization of soluble beta glucan for variety of nutraceutical and cosmeceuticals applications.
The global soluble beta-glucan market has witnessed increase in the number of supportive clinical trials suggesting the crucial role of soluble beta glucan for medicinal applications, the immune-boosting property and heart health promoting abilities of beta glucan has been a major attraction for manufacturer's world over.
The growing awareness regarding the benefits of soluble beta glucan has enabled increase in the exploration of novel sources for this functional ingredient. There has also been an emergence of advanced extraction and purification techniques for soluble beta glucan.
The primary factor driving the growth of soluble beta glucan market is its superior functional profile and the host of health benefits that it confers in the variety of application areas. Beta-glucan is a soluble fiber that has been utilized to boost the immune system and to treat high lipids-profile, this high-end medicinal applications have now been applied to the field of nutraceuticals and cosmeceuticals.
Based on the sources of soluble beta glucan, cereals are visibly a dominant category owing to its chemical composition as well as the commercial feasibility. Cereals, such as barley and oats, are of economic interest because they contain large amounts of beta-glucans.
The commercial utilization of beta glucan as a hydrocolloids in the food industry is based mainly on their rheological characteristics, i.e. their gelling capacity and ability to increase the viscosity of aqueous solutions.
The global soluble beta glucan market recorded a stable growth in the North American and European markets, with Europe holding the maximum market share. However, the Asia-Pacific region is expected to witness a huge growth during the forecast period.
The North American marketplace for soluble beta glucans have received enhanced regulatory support following the approvals of heart-health claims from the Food and Drug Administration (FDA) of the USA as well as Health Canada.
In September 2017, Tate & Lyle PLC had received non-GMO project verification for PromOat® Beta Glucan and PrOatein® Oat Protein ingredients.
In September 2016, Tate & Lyle PLC officially opened its expanded capacity of specialty oat ingredients at its manufacturing facility in Kimstad, Sweden.
Major Players - Cargill, Tate&Lyle, DSM, Kerry Group, Garuda International , Lesaffre Human Care, Naturex among others
Companies are adopting various strategies, such as new product launches and acquisitions of smaller companies, which enables them to acquire a market share and increases their presence, leading to generating higher revenues.
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