Beta-glucans product manufacturers continue to invest resources in the development of offerings aimed towards preventive healthcare applications, to sustain demand during the covid-19 crisis
DUBAI, UAE / ACCESSWIRE / July 16, 2020 / The beta-glucans market is expected to rise at a promising 7% CAGR between 2015 and 2025. The ongoing coronavirus crisis has resulted in greater demand for immunity boosting dietary supplements. Further, reduced consumption of seafood, poultry, and meat products, and demand for functional foods will support the sales of beta-glucans products for the foreseeable future.
"Players in the food and beverage industry are incorporating beta glucans in their formulations to leverage new trends in health and fitness. The use of beta glucans sources such as select algae and seaweed species will aid in product differentiation and the diversification of product portfolios. Such trends will bolster the consumption of beta glucan in the years ahead," says the FMI analyst.
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Beta-Glucans Market - Primary Takeaways
- Cereals are a popular source of beta glucans in food products, owing to widespread applications in functional foods.
- Soluble beta glucans variants are expected to witness rapid growth, supported by better digestibility characteristics.
- Beverage applications contribute significantly to revenue, aided by consumer demand for health supplement products.
Beta-Glucans Market - Growth Factors
- Rising adoption of beta glucans in pharmaceutical and nutraceutical formulations are key growth factors.
- Changing consumer bias towards natural nutrition products against synthetic options bolsters sales.
- Rising manufacturer awareness about beta-glucans extraction, sourcing, processing, and harvesting processes aids market growth.
Beta-Glucans Market - Major Constraints
- Availability of substitutes such as guar gum, which are used as immunomodulators hinder beta-glucans applications.
- Widespread availability of spurious, counterfeit products hurts market prospects.
The Projected Impact of Coronavirus
The coronavirus crisis is generating lucrative opportunities in the beta glucans industry. Consumers are more willing to spend on preventive healthcare solutions for the covid-19 virus through the consumption of immunity boosting, beta-glucans infused supplement formulations. E-commerce channels of distributors will also aid market growth through and after the pandemic.
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Competition Landscape
The beta-glucans market comprises players including but not limited to Koninklijke DSM N.V., Associated British Foods plc, Biothera the Immune Health Company, and Ceapro Inc. Market players are seeking strategic collaborations and new product launches to expand geographic presence. For instance, Singapore based Avida Health has launched chocolate based functional foods with beta glucan for kids aimed for boosting immunity.
More About the Study
The FMI study provides detailed insights on beta-glucans market. The market is broken down in terms of source (cereals, yeast, and others), functionality (soluble beta-glucan and insoluble beta-glucan), and application (food & beverages, bakery products, health & dietary supplements, dairy & frozen products, cosmetics & personal care, and others) across seven key regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and MEA).
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SOURCE: Future Market Insights