The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the North America beta glucan market. In addition, complete analysis of changes on the North America beta glucan market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on North America economies, international trade, business investments, GDP and marketing strategies of key players present in the market. As the COVID-19 pandemic continues to spread, emphasis on the health and safety of the food processing industry and its employees is intensifying. Being the most mature and competitive sector across the globe, it has long benefitted from many unpriced environmental and social externalities. A shift to incorporate environmental impacts into the true cost of food has become more apparent in current years. But the pandemic is serving to elevate social factors as a key consideration. With stakeholders along with the supply chain (including consumers and regulators) demanding change, the sustainability and ultimate financial success of food and beverage companies will lie, at least in part, in their ability to manage these expectations and address these factors.
Increasing occurrences of chronic health disorders such as diabetes, cholesterol, heart disease and obesity are likely to drive the attention of consumers towards the consumption of healthy dietary foods such as beta glucan in the upcoming years. For example, according to the Centers for Disease Control and Prevention, nearly 647,000 deaths occur from heart diseases in U.S. every year. It is an indigestible fiber, which slows down the digestion process, thus regulating the blood sugar level. It also helps in boosting the immune system, which may further boost the beta glucan market share. The ability to regulate cholesterol levels in blood coupled with increasing consumer awareness regarding the need to maintain personal health and hygiene may foster market growth. Furthermore, the growing agricultural sector in developing countries together with the increasing cultivation of soy and maize, which are raw materials for production of the product is likely to further raise the beta glucan market demand.
The various opportunities such as changing lifestyles, growing economy, and shift toward natural products are observed in developing economies, leading to the growth in demand for beta-glucan, not only in food, personal care, and pharmaceutical products but also in other industrial applications, such as animal feed and biofuel production. Developing economies such as China, India, and countries in the Middle East & Africa, in the coming years, are expected to experience a sharp upsurge in demand for beta-glucan extracted from different raw materials. This demand is attributed to be driven by an increase in the consumption of healthy foods, nutraceuticals, and personal care products. Adding to that, these regions also provide cost optimization in terms of production, labor cost, and processing. High demand, coupled with a low cost of production, is a key feature that is expected to support beta-glucan manufacturers to enter into new emerging economies.
However, the high cost of extraction of the final product from the extract obtained from cereals is expected to hinder the demand for the product to some extent throughout the forecast period. The extract is generally subjected to a freeze-thawing process to induce gelation, which results in additional costs of freezing.
The inconsistency in regulatory norms governing beta glucan is likely to restrain the market growth of the North America beta glucan market. The beta-glucan market is governed by different regulatory bodies, which vary regionally. The legislation regarding the extraction, processing, formulation, and end-product manufacturing is different from regions to regions. Health claims also differ at the country level, thereby hindering the usage of beta-glucan in pharmaceuticals as well as food & beverages. The regulations also govern and monitor claims made by end-product manufacturers and labelling requirements.
The report provides in-depth analysis of North America beta glucan market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various beta glucan in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
The North America beta glucan market comprises of different market segment like Source, Category, Application and Country.
The various sources of beta glucan comprised in the North America beta glucan market report are cereals, yeast, mushroom and bacteria. The beta-glucan found in the cells of barely grain is very popular among the food conscious population, it contains soluble fibre and can be easily dissolved in the liquid, which makes beta-glucan much more convenient for people from different age groups and health condition. Beta-glucan obtained from barley is considered to be very effective for digestion, gut health, and helping to reducing blood sugar levels, also lower the cholesterol without the risk of developing phytobezoars. Moreover, beta-glucan obtained from barley helps in increasing the viscosity gently in the gastrointestinal tract, trapping and eliminating bile acids which results in creating create new bile acids from blood cholesterol and reducing LDL cholesterol levels.
Barley is considered to be a great source of beta-glucan owing to various characteristics of barley such as it is rich in complex carbohydrates that break down slowly, also soluble and insoluble fibre in the barley glucans help in slowing down the consumption of carbs, feeds the beneficial bacteria and clean the colon with improving the digestion system. In various parts of the globe, many of the research projects are going on for finding various health benefits of the beta-glucan extract, for instance according to Nutrition Research found that consumption of muffins containing barley beta-glucan caused significant reductions in glucose and insulin responses in men suffering from mild insulin resistance, also, according to American study published in 2005, USDA scientists observed that the insulin levels were significantly lower after barley consumption.
On the basis of category, beta-glucan is categorized into soluble beta-glucan and insoluble beta-glucan. Beta-glucan is considered to be one of the most high-fiber foods, they have certain benefits to offer, some stand out due to specific types of fiber they provide. Insoluble beta-glucan are mainly obtained through yeasts, bacteria and fungi. Insoluble beta glucan doesn’t dissolve in water and it moves through the gastrointestinal tract, it passes through the stomach into the small intestine uptake via the Peyer’s patches which are the groupings of lymphoid follicles in the mucus membrane that lines in the small intestine, after that Macrophages transport the beta glucan to immune organs throughout the body. Insoluble Beta-Glucan do not absorb through the gut, and it takes less time to move through the stomach which increases the fecal bulk. Many of the clinical trials on consumption of insoluble beta-glucans with dietary have shown positive results on immune strengthen and many other health benefits. Also, in most of the cases, insoluble beta glucan is the glucan form in nutritional dietary supplements.
Beta-glucan has its application in food and beverages industry, personal care, pharmaceutical, dietary supplement and animal feed. Among various applications of beta-glucan, it is commonly used in the food and beverages industry, since this industry is growing very fast and health literacy is also increasing which has raised the demand for beta-glucan, also beta-glucan has certain characteristics which do not affect the taste and texture of the food but increases the nutritional value of it. Along with that, the use of beta-glucan is increasing in the pharmaceutical sector as well, since chronic diseases like heart diseases, diabetes etc. are increasing and many of the studies states that beta-glucan is effective in all these diseases. Apart from that, beta-glucan is considered as a natural immunity booster due to which it is widely used for dietary application for both human and animals.
The beta glucan market is studied for various key countries such as U.S., Mexico and Canada. The U.S. region is anticipated to dominate the market during the forecast period. The growing health consciousness among consumers and increasing health expenditure is likely to boost the growth of beta glucan market during the forecast period. Additionally, rising usage of immunity regulators is also estimated to propel the growth of beta glucan market. Moreover, growing pharmaceutical and nutraceutical sector is expected to refuel the growth of the North America beta glucan market.
The competitive landscape analysis of North America beta glucan market is certainly based range of market players operating in the healthcare market with increasing demand for production of beta glucan. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are Cargill, Incorporated, Ceapro Inc, Super Beta Glucan, DSM, Tate & Lyle, Kemin Industries, Inc., Lesaffre, Garuda International, Inc., Kerry, Ohly, AIT Ingredients, AngelYeast Co., Ltd, Algatech LTD., Specialty Biotech Co.,Ltd., Glycanova, Van Wankum Ingredients, Leiber GmbH, Nutra Green Biotechnology Co.,Ltd., Lallemand Inc., Jkosmmune, Macrocare Tech Co., Ltd., Amarte USA, LLC, Biotec Pharmacon ASA, Lantmännen, Carbon Medical Technologies, Inc and Givaudan SA among others.
June 2020: Lesaffre takes a majority shareholding in the Chinese company Biohymn Biotechnology (China). Biohymn Biotechnology specialized in the production of yeast and yeast extracts.
October 2019: Cargill Inc. invested USD 35 million in Europe to produce soluble fibers that meets consumer demands for healthier products. Cargill, Inc.’s new soluble fibers will enable sugar reduction up to 30% as well as calorie reduction and fiber enrichment in confectionery, bakery goods, fillings, cereals, and ice cream and dairy, whilst maintaining the desired appearance, taste and texture.
Beta-glucans are water-soluble dietary fibers found naturally in the cell walls of bacteria, fungi, yeasts, and various species of plants. They aid in lowering blood serum cholesterol, stimulating the immune system, regulating blood glucose levels, and reducing the risk of developing cardiovascular diseases (CVDs). As a result, they are widely used in medical supplements to help combat numerous health conditions, including eczema, diabetes, allergies, asthma, and heart disorders. Beta-glucans also assist in alleviating the symptoms of fibromyalgia, Crohn's disease, rheumatoid arthritis, ulcerative colitis, and chronic fatigue syndrome.
1) What are the drivers for beta glucan market?
The key driving factors of the market are growing health consciousness among consumers and increasing health expenditure.
2) Which is the leading application segment for beta glucan market?
Food and beverage segment has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which region is gaining majority of market share during the forecast period (2022-2028)?
United States is expected to gain major market share during the forecast period (2022-2028).