Market Size of South America Beta-Glucan Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 38.40 Million |
| Market Size (2029) | USD 51.90 Million |
| CAGR (2024 - 2029) | 6.21 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Beta-Glucan Market Analysis
The South America Beta-Glucan Market size is estimated at USD 38.40 million in 2024, and is expected to reach USD 51.90 million by 2029, growing at a CAGR of 6.21% during the forecast period (2024-2029).
The beta-glucan has gained significant attention in the South American market due to its wide application in food, pharmaceuticals, cosmetics, and dietary supplements. Another critical factor contributing to the increased demand for beta-glucan in South America is the growing awareness of its potential health benefits, such as immune-enhancing properties. It stimulates the activity of immune cells and aids the body in defending against infection. Due to the increasing health consciousness among consumers in the region, there has been a shift towards products supporting immune function, making beta glucan-rich supplements and functional food increasingly popular. Moreover, several new research activities are being conducted to determine the positive health benefits of beta-glucan in managing numerous diseases. For example, one of the research studies published for Inflammable Bowel Diseases (IBS) claims that Wellmune, a prebiotic dietary manufacturer by the Kerry Group, is used to reduce gut permeability in the human body. Therefore, the potential benefits of beta-glucan for human health represent an immense scope in terms of market growth.
South America Beta-Glucan Industry Segmentation
Beta-glucans are biologically active fibers derived from the cell walls of various natural sources, including yeast, mushrooms, oats, barley, and others, with proven health and medical benefits.
South American beta-glucan market is segmented by category into soluble and insoluble. By application, the market studied is segmented into food and beverages, healthcare and dietary supplements, and others. The food and beverages segment is further sub-segmented into dairy, snacks, beverages, confectionery, baked goods, and others. The healthcare and dietary supplements segment is further sub-segmented into infant nutrition. Based on geography, the report provides a detailed regional analysis, which includes Brazil, Colombia, and the Rest of South America.
The report offers market size and values in (USD Million) during the forecasted years for the above segments.
| By Category | |
| Soluble | |
| Insoluble |
| By Application | ||||||||
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| Other Applications |
| By Geography | |
| Brazil | |
| Colombia | |
| Rest of South America |
South America Beta-Glucan Market Size Summary
The South American beta-glucan market is experiencing notable growth, driven by its diverse applications across food, pharmaceuticals, cosmetics, and dietary supplements. The increasing consumer awareness of beta-glucan's health benefits, particularly its immune-enhancing properties, is a significant factor propelling market expansion. As health consciousness rises, there is a growing demand for products that support immune function, such as beta-glucan-rich supplements and functional foods. This trend is further supported by ongoing research into beta-glucan's potential in managing various health conditions, including inflammatory bowel diseases. The market is also benefiting from the rising consumption of nutraceuticals and functional foods, with Brazil leading the charge due to its high prevalence of chronic diseases and increasing acceptance of dietary fiber supplements.
The competitive landscape of the South American beta-glucan market is characterized by the presence of both regional and multinational companies, all vying for market share through research and development and strategic expansions. Key players are focusing on enhancing their product portfolios and acquiring raw materials to strengthen their market positions. Regulatory approvals in the region are expected to further boost demand, as ingredient manufacturers strive to develop scientifically validated products. The market's growth is also supported by government initiatives promoting healthy lifestyles and increased healthcare spending, particularly in Brazil. Recent developments, such as the opening of Kemin Industries' Innovation Center in Brazil and the launch of new beta-glucan ingredients, underscore the dynamic nature of the market and the ongoing efforts to meet the rising demand for beta-glucan-based products.
South America Beta-Glucan Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Rising Application in Dietary Supplements
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1.2 Market Restraints
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1.2.1 Increasing prevalence of hydroglycemia
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Category
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2.1.1 Soluble
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2.1.2 Insoluble
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2.2 By Application
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2.2.1 Food and Beverages
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2.2.1.1 Dairy
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2.2.1.2 Snacks
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2.2.1.3 Beverages
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2.2.1.4 Confectionery
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2.2.1.5 Baked Goods
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2.2.1.6 Other Products
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2.2.2 Healthcare and Dietary Supplements
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2.2.2.1 Infant Nutrition
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2.2.3 Other Applications
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2.3 By Geography
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2.3.1 Brazil
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2.3.2 Colombia
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2.3.3 Rest of South America
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South America Beta-Glucan Market Size FAQs
How big is the South America Beta-Glucan Market?
The South America Beta-Glucan Market size is expected to reach USD 38.40 million in 2024 and grow at a CAGR of 6.21% to reach USD 51.90 million by 2029.
What is the current South America Beta-Glucan Market size?
In 2024, the South America Beta-Glucan Market size is expected to reach USD 38.40 million.
