The Asia Pacific Beta Glucan Market size was assessed to be USD 67.26 million in 2022, and it is predicted that it will reach a value of USD 129.64 million by 2028 at a CAGR of 9.3% during the conjecture period. Factors such as increased awareness of sustainable product sourcing and the use of organic alternatives to pharmaceuticals are expected to drive production.
Beta-Glucan occurs naturally in the cell walls of plants such as bacteria, fungi, yeasts, algae, and oats and barley. It is gaining widespread attention due to its various bioactive and functional properties. It is primarily used for dietary supplements, foods, pharmaceuticals, and many other uses. In foods, beta-glucan is used as a food ingredient to increase the fiber content of other foods and improve health properties. Beta glucan also helps as a medicine to treat various health problems such as asthma, diabetes, high cholesterol, and allergies. It is an essential component of dietary fiber that contains large amounts of fiber, which is advantageous for use as a food ingredient in various food applications. Beta glucan is also found in other foods such as oats, cereals, barley, and mushrooms. It has also been used to strengthen the immune system and can fight cancer by activating the number of cells and proteins.
The rise in products used as immune boosters in the pharmaceutical and dietary supplement industry is expected to drive growth.
The Asia Pacific Beta Glucan Market is expanding with the rise in the usage of functional ingredients in foods that can improve the properties of the finished product. Functional ingredients increase the nutritional value of food and provide a variety of health benefits. Beta-glucan is a natural immunity booster to protect against any disruption that can harm the body. Factors driving the Asia Pacific Beta-Glucan Market industry are increased consumption of functional foods and functional foods, immune modulators, and increased use as substitutes for grease. Beta glucan contains large amounts of fiber and nutrients suitable for use as a functional ingredient in a variety of foods. Changes in consumer preference for the use of nutritious food supplements rather than synthetic ingredients are likely to drive growth. Manufacturers are using innovative technologies to improve their overall shares along with their market presence. The industry is expected to grow as manufacturers' awareness of how to use, harvest, process and extract multiple sources increases. There are also several health and medical benefits associated with Asia-Pacific Beta Glucan Market such as lowering cholesterol or fighting cancer, providing potential growth for the regional market. The increased use as a substitute for fats and yeast additives in the production of biodiesel is another important factor driving the growth of the beta-glucan industry.
The demand for Beta Glucan is on the rise due to the increased use of cellulose biofuels, the increasing popularity among consumers in the Asia Pacific, and the demand for functional probiotic foods. High cholesterol levels, increased obesity, and diabetes increased the use of beta glucan in medications. Mushroom-based beta-glucan is used to treat cancer in the form of functional foods throughout Asia-Pacific. In the region, each individual prefers a healthy immune system to prevent a variety of complex conditions and illnesses. Additionally, demand for beta-glucan products has increased due to changes in eating patterns and increased consumption of processed foods, along with high disposable incomes in Asia Pacific countries. Emerging economies and government initiatives have ample opportunities in developing countries, such as India and China. Beta glucan is an effective food ingredient for a wide variety of foods, including cheese spread, frozen desserts, sour cream, and other important uses in the pharmaceutical industry, which may provide better opportunities for beta manufacturers in the market. Additionally, beta glucan is considered a safe and healthy substance that is used to treat some serious conditions, which can further increase the demand for beta glucan, and market participants can achieve the desired success in the Asia Pacific market.
The availability of other possible alternatives is hampering the beta-glucan industry. Yeast production depends on the availability of molasses. The yeast market faces fierce competition from other industries for raw materials. The biofuel industry is also threatening the growth of the Asia-Pacific Beta-Glucan market, operating at high margins. The shortage of crude materials such as molasses is foreseen to hamper the Asia-Pacific market because of augmenting application in wine blending and industrial purposes.
Asia Pacific is made up of China, India, Japan, Australia, and many other countries. Leading players in the beta-glucan market include Australia, Japan and India. The Asia-Pacific region is expected to become a key industry for beta-glucan due to the presence of major consumer industries. China is expected to become an economy with one of its main stakes in the consumption and production of products for eight years. Trends driving market growth include multiplayer expansion and product improvement strategies. The food industry continues to see innovation in the healthy food category to meet the growing demand for natural additives. There is also a high-end functional food market offering a variety of β-glucan based products. China's beta-glucan market is fueled by product approvals to promote this in food. This beta-glucan helps improve immune health. In addition, ongoing clinical trials to study the effect of "insoluble yeast beta glucan ingestion" in patients with diabetes in the area are contributing to market growth.
Key Players in the Market:
Major Key Players in the APAC Beta Glucan Market are
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