Theglobal betaglucan market size is expected to reach USD 560.65 million by 2026exhibiting a CAGR of 7.60% during the forecast period. The increasing demandfor plant-based food and surge in horticulture will contribute positively tothe growth of the beta glucan market during the forecast period. As per theIndian Institute of Vegetable Research statistics, the total area underhorticultural crops in India is 21.83 million hectares and the production is240.53 million tons. Fruits and vegetables together add up to 92% of the totalhorticultural production in the country. The growing inclination towards betaglucan owing to its benefits such as increased immunity and lowered blood sugarlevels will boost the beta glucan market revenue during the forecast period.Additionally, the increasing application as dietary supplements, functionalfood, personal care, and others will spur sales opportunities for the market inthe forthcoming years.
Asper the report, published by Fortune Business Insights, titled “Beta Glucan Market Size, Share &Industry Analysis, By Source (Yeast, Mushroom, Cereals, and Microalgae), ByApplication (Food & Beverages, Animal Feed, Personal Care, Pharmaceuticals,and Others), Type (1,3 Beta Glucan, 1,4 Beta Glucan, and 1,6 Beta Glucan), andRegional Forecasts, 2019 – 2026” the market size stood atUSD 313.90 million in 2018.
An Overview of theImpact of COVID-19 on this Market:
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments andseveral companies can help in the fight against this highly contagious disease.There are some industries that are struggling and some are thriving. Overall,almost every sector is anticipated to be impacted by the pandemic.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of coronavirus outbreak across industries to help you preparefor the future.
Thebeta glucan market report incorporates several factors that have impacted thebeta glucan market growth and share in recent years. Besides providing insightson the growth stimulators, it reveals a few factors that have restricted themarket growth. The report highlights a few of the leading products, significantcompanies, and considerable industry developments of recent times. Thecompetitive landscape has been discussed in in-depth in the foodserviceequipment market report. Forecast values for the market have been provided inthe report for the period of 2019 to 2026. Moreover, the report recognizesareas that have witnessed the highest demand and applications for the productin recent years.
Market Driver:
Rising Emphasis on Dietary Supplements to Augment Healthy Growth
Theincreasing popularity of nutraceutical products will have a positive impact onthe market growth during the forecast period. The growing emphasis on healthyand functional food items by consumers to fulfill nutritional requirements willbolster substantially to market development.
Moreover,the rising importance of dietary supplements owing to their numerous benefitswill also aid the expansion of the market. The surge in gym-goers, athletes andhealth-conscious consumers will also contribute positively to the growth of themarket in the foreseeable future. The rising focus of nutraceuticalmanufacturing companies towards the formulation and offering of varied andnatural supplements infused with the advantage of beta glucan specifically toimprove gut and immune health of the body will increase business profits forthe beta glucan market. Additionally, the growing reverence towards vegetationand green environment will augment the applications of beta glucan.
Market Restraint:
Functional Properties of Beta Glucan to Hinder Demand AmongHyperglycemia Patients
Therising cases of diabetes around the world owing to lack of nutritional guidanceand lack of insulin in the body will unsolicitedly dampen the growth of themarket. Diabetic cases involve both hypoglycemia patients with low bloodsugar levels and hyperglycemia patients with high blood sugar levels. Accordingto the Global Diabetes Community, U.K., it was estimated that 415 millionpeople were suffering from diabetes in 2018 across the globe and the numbersare expected to rise to 642 million by 2040.
“Asbeta glucan is popular for its functional property which lowers the blood sugarlevel in the body. This factor will hamper the requirement for beta glucanamong hyperglycemia- patients with low blood sugar levels”, states our leadanalysts at Fortune Business Insights. Nonetheless, hypoglycemia patients canconsume beta glucan in irregular intervals without affecting the blood sugarlevels in the body.
Source:
https://www.fortunebusinessinsights.com/industry-reports/beta-glucan-market-100532
