Los Angeles, CA -- (SBWire) -- 09/04/2019 --High focus on continuous product innovation and improvement in product quality is one of the reasons analysts expect the global beta glucan market to exhibit healthy growth in the coming years. In August 2019, Algatech, an Israeli algae biotechnology company that specializes in commercial cultivation of microalgae, announced that it will introduce microalgae-derived products in the coming months. The company has licensed the intellectual property and rights related to beta-1,3-glucan production from US-based biotechnology company F3 Platform Biologics. The technology that has been licensed by Algatech derives beta-1,3-glucan from fermented microalgae Euglena gracilis.

According to market experts, developed regions such as Europe usually witness high concentration of market players. Having said that, there could be decent potential for market growth in emerging countries.

Rising Demand for Nutritious Food Products to Help with Strong Market Growth

Innovation is a key element expected to drive success in the global beta glucan market. Analysts predict the launch of more number of innovative extraction, processing, and harvesting technologies in the global market. Increasing demand for natural, nutritious ingredients in the food and beverage industry is prophesied to create opportunities for beta glucan manufacturers. Important use of beta glucan in boosting the immune system and treating serious as well as common diseases is anticipated to push the demand in the global market.

Popular Strategies: Investment in Research and Collaboration with Healthcare Institutes

Associated British Foods Plc, Biothera, Ceapro Inc., Koninklijke DSM N.V, Cargill, Tate & Lyle, Garuda International, Naturex, Super Beta Glucan Inc., AIT Ingredients, Angel Yeast Co., Ltd., and Frutarom are some of the important companies operating in the global beta glucan market. In June 2019, Ceapro, a Canadian biotech firm that develops active ingredients derived from renewable plant resources, started enrolling patients in one of its first-in-human clinical studies. This study assesses beta glucan as an add-on therapy to statins in hyperlipidemia patients. Players are anticipated to show interest in using novel extraction techniques to attract more end users in future.

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By Type

? Soluble

? Insoluble

By Source

? Cereals

? Mushroom

? Yeast

? Seaweed

By Application

? Bakery

? Snack Bars

? Breakfast Cereals and Porridges

? Sports Nutrition Beverages

? Animal Feed

? Cosmetics

? Skin Care

? Hair Care

? Oral Care

? Others (Soaps and Wipes)

Key Segments to Focus on: Soluble, Mushroom, and Food

Soluble beta glucan is popular for its use in cosmeceuticals, nutraceuticals, and medicinal products. Manufacturers of advanced wound healing products use soluble beta glucan because of its ability to activate macrophages and its immunomodulatory capacity. Adoption of mushroom-based products offered in the global beta glucan market is foreseen to grow quicker due to their use in several end-use industries.

Mushroom offers various health benefits, and beta glucan products manufactured using specific types of mushroom find application in animal feeds and cosmetic formulations. Beta glucan is used as an ingredient in food products because of its favorable characteristics and potential as whipping agent, oil holding agent, water binding agent, fat replacer, and stabilizer.

By Region

Asia Pacific as Regional Market with Potential for Quicker Growth

As far as consumption is concerned, Europe and North America are foretold to show impressive growth in the global beta glucan market owing to large demand in applications such as ready-to-drink beverages, functional foods, and cosmetics. The regions also witness the use of beta glucan in pharmaceutical medications for treating cancer. Asia Pacific could be a faster-growing beta glucan market because of the availability of a strong consumer base and increasing consumer preference for pharmaceutical products manufactured using naturally-sourced ingredients.

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