Growing health awareness among consumers and increasing healthcare expenditure
The change in demand from processed to healthy food is augmenting the market growth. Consumers have become more health conscious of their health and maintain it proactively through adopting a healthy lifestyle. Consumers are much more aware of the food ingredients they are consuming as they pay attention to nourishment, nutritional labels and ingredients of the food products. These changes in buying behaviour has resulted in higher demand for healthy food supplements and have attracted several manufacturers to offer new functional food products, not inherently modified and sourced naturally. With the increasing awareness and concern about health and wellness, demand for multifunctional beta-glucan is expected to increase in the coming years.
Within the report, the market is segmented into source, application, category, and geography. By source, the market is further segmented into cereal, mushroom, yeast, and seaweed. On the basis of application, the market is bifurcated into food & beverages, personal care, pharmaceuticals, dietary supplements, animal feed, and others . Based on category, the market is divided into soluble and insoluble. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
The mushroom-derived beta-glucan is gradually becoming popular due to its numerous health benefits.
The health benefits of mushroom-derived beta-glucan, such as high vitamin, protein, and fiber content, as well as low cholesterol, fat, and carbs, are set to boost the growth of beta-glucan obtained from mushrooms in the food and beverage sector. Furthermore, the beta-glucan market sales are forecast to rise as industry players increase their efforts to produce new innovation with improved flavor and nutritional value.
Rising adoption in various applications is one of the major factors accelerating the market growth
The rise in awareness about health advantages associated with the consumption of dietary supplements and the increas in the number of health conscious customers have been the two key factors that have triggered the demand for beta-glucan in dietary supplements. In the pharmaceutical industries, some dietary supplements play a vital role in the treatment of various diseases and also play an effective role in health maintenance.
Recent strategic developments in beta-glucan market
The beta-glucan market has undergone several significant developments, and a few of these have been mentioned below:
The beta-glucan market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cargill Inc, Tate & Lyle Plc, Kerry Group Plc, Koninklijke DSM N.V., and Ohly GmbH are among the prominent players operating in the market.
Target audience for the report:
Scope of the report:
In this report, the market has been segmented on the basis of:
Companies profiled
- Cargill Inc
- Tate & Lyle Plc
- Kerry Group Plc
- Koninklijke DSM N.V.
- Ohly GmbH