APAC Beta-Glucan Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.75 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Beta-Glucan Market Analysis
Asia Pacific Beta-Glucan market is projected to grow at a CAGR of 5.75% during the forecast period (2020 - 2025).
- The rising demand for soluble dietary fiber, increasing population, and availability of resources are encouraging key players in the beta-glucan market to expand their presence in the region.
- The demand for natural, organic, and free-from ingredients and products has increased significantly in Australia, which has triggered the use of beta-glucan extracted from mushroom, algae, and yeast.
- New players are entering the market due to rising demand for functional food with antioxidant benefits, especially to capture the market share in the functional food and beverage segment.
APAC Beta-Glucan Market Trends
This section covers the major market trends shaping the APAC Beta-Glucan Market according to our research experts:
Increased Application in Healthcare and Dietary Supplements
In the healthcare industry, beta-glucans are used for improving immune response and are used as oral medicines or injections for treating a range of medical diseases and disorders including high cholesterol, Crohn's disease, diabetes, cancer, and high blood pressure. Thus, the increasing applications of beta-glucan in the healthcare industry have led to manufacturers offering beta-glucan to carry out research studies and introduce potent drugs. Consumers following a healthy and active lifestyle are opting for dietary supplements to increase vitality, physical endurance, and boost their metabolism rate. This demand has led to food companies use beta-glucan to create solutions that improve the overall health of consumers.
China Dominates the Market
The infant formula market in China has been witnessing significant growth from the past couple of years, owing to the increasing demand and growing unit prices. After the two-child policy was officially executed in October 2015, the new-born population increased, which has been strengthening the need for infant formula from 2017. Increasing government support for product innovation in infant formula has encouraged the key players to introduce an infant formula with beta-glucan ingredients. For instance, in 2016, the China National Center for Food Safety Risk Assessment (CFSA) permitted the application of beta-glucan in infant formula and asked to expand the scope of this material as a nutrition enhancer. The change in the regulation related to the beta-glucan application has created a positive impact on the market growth in the country, especially yeast glucan application in the food and beverage sector
APAC Beta-Glucan Industry Overview
The Asia Pacific beta-glucan market is highly fragmented, particularly with the significant presence of numerous global and regional players. The market is dominated by the players, such as Tate & Lyle, Kerry Group, Associated British Foods Plc, and Koninklijke DSM N.V., among others. The prominent companies in the market are focusing on the innovation and distribution of these ingredients for catering to emerging applications, like infant nutrition. In addition, the leading players are focused on the promotion of their beta-glucan ingredients, along with spreading awareness among the consumers.
APAC Beta-Glucan Market Leaders
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Tate & Lyle PLC
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Kerry Group
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Koninklijke DSM N.V.
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Associated British Foods Plc
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Kemin Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
APAC Beta-Glucan Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Category
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5.1.1 Soluble
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5.1.2 Insoluble
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5.2 By Application
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5.2.1 Food and Beverages
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5.2.2 Healthcare and Dietary Supplements
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5.2.3 Other Applications
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5.3 By Source
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5.3.1 Cereal
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5.3.2 Yeast
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5.3.3 Mushroom
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5.3.4 Other Sources
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5.4 By Geography
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5.4.1 China
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5.4.2 Japan
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5.4.3 India
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5.4.4 Australia
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5.4.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Tate & Lyle PLC
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6.3.2 Kerry Group plc
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6.3.3 Koninklijke DSM N.V.
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6.3.4 Associated British Foods Plc
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6.3.5 Kemin Industries, Inc.
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6.3.6 Angel Yeast Co. Ltd
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6.3.7 Merck KGaA
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Beta-Glucan Industry Segmentation
The Asia-Pacific Beta-Glucan market is segmented by category that includes soluble and insoluble. Based on the application, the market is divided into food and beverage, healthcare and dietary supplements, and other applications. The market is also classified according to the source including cereals, yeast, mushroom, and other sources. The study also involves the analysis of regions such as China, Japan, India, Australia, and the rest of Asia-Pacific.
By Category | |
Soluble | |
Insoluble |
By Application | |
Food and Beverages | |
Healthcare and Dietary Supplements | |
Other Applications |
By Source | |
Cereal | |
Yeast | |
Mushroom | |
Other Sources |
By Geography | |
China | |
Japan | |
India | |
Australia | |
Rest of Asia-Pacific |
APAC Beta-Glucan Market Research FAQs
What is the current Asia-Pacific Beta-Glucan Market size?
The Asia-Pacific Beta-Glucan Market is projected to register a CAGR of 5.75% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Beta-Glucan Market?
Tate & Lyle PLC, Kerry Group, Koninklijke DSM N.V., Associated British Foods Plc and Kemin Industries, Inc. are the major companies operating in the Asia-Pacific Beta-Glucan Market.
What years does this Asia-Pacific Beta-Glucan Market cover?
The report covers the Asia-Pacific Beta-Glucan Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Beta-Glucan Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Beta-Glucan Industry Report
Statistics for the 2024 Asia-Pacific Beta-Glucan market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Beta-Glucan analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.