The industry is anticipated to grow, primarily on account of its increased application in industries, including nutraceutical, functional food and pharmaceutical. The Global Beta-Glucan Market is expected to reach USD 727.2 million by 2025, according to a new report by Grand View Research, Inc.
The consumers in the industry lay high emphasis on the source of the product. In addition, the overall quality is generally determined by the consumers through the certifications associated with the product. The industry is characterized by the presence of a notable regulatory framework with regulations related to processing, packaging, and transportation of the product.
Manufacturers are inclined toward use of innovative extraction methods such as AME, dry fractionation to increase the concentration of bioactive ingredients in the extract in an attempt to increase the customer base. Rising number of groceries, retail stores, and supermarkets offering the products are expected to trigger the industry growth.
There is an upsurge in the usage of seaweed for the extraction process with heavy investment noted by the companies which is anticipated to drive the industry growth over the forecast period. Mushroom is known to have more than 30 varieties, and is available in abundance across the globe, thereby benefitting the industry.
The industry in Asia Pacific is anticipated to exhibit the fastest growth, registering a CAGR of 7.5% from 2017 to 2025 on account of rising awareness among population towards the consume naturally sourced pharmaceutical preparations.
To Know More About Beta-Glucan Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/beta-glucan-market
The volume for the product used for manufacturing food & beverages, such as bakery, functional foods, accounted for 32.1% of the global consumption in 2016, driven majorly by consumption of such products by the younger population.
Market Segmentation of Beta-Glucan Market:
The Global Beta-Glucan Market segmented on the basis of Source, Type, Application, and Region.
By Source:
Cereal
Mushroom
Yeasts
Seaweed
By Type:
Soluble
Insoluble
By Application:
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Animal Feed
By Region:
North America
Europe
Asia Pacific
Rest of the World
Inquire about Beta-Glucan Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1192/ibb
Comments
Post a Comment