The Latin America Beta-Glucan Market was worth USD 30.27 million in 2022 and estimated to be growing at a CAGR of 6.94%, to reach USD 42.33 million by 2028.
Fungal and Cereal products are being used for a long time for medicinal and cosmetic purposes; albeit, Beta-glucan was not found until the 20th century. At first, Beta-glucans discovered in lichens, and shortly after that, in barley. Increasing interest in oat Beta-glucan is being taken after their cholesterol-lowering phenomenon was reported in 1984. Beta-glucan is a polysaccharide which is abundantly found in natural sources such as mushroom, oats, yeast, etc. The physicochemical features of beta-glucan vary depending on the properties of the primary structure, degree of branching, linkage type and molecular weight.
Numerous studies have examined the positive health effects of Beta-glucan. Oat fiber Beta-glucan at intake levels of 3 g per day can help in decreasing the levels of saturated fats in the blood and may also reduce the risk of heart disease. Some studies suggest that cereal-derived Beta-glucan may also have immunomodulatory properties. Yeast and medicinal mushroom-derived Beta-glucans have been experimented upon for their ability to control the immune system. Beta-glucans are also used in nutraceutical and cosmetic products as soluble fiber supplements and as texturing agents, but can get complex in the process of brewing.
The growing demand for ready to eat food in addition to growing awareness about the nutritional value of functional food is expected to be the primary driver for Latin America Beta-Glucan market over the period. Changing dietary norms along with escalating disposable incomes is also further expected to drive market growth. Rising demand for yeast specialty products is predicted to have a positive impact on the Latin America beta glucan market. Its application as yeast additive in biodiesel blending is also predicted to drive the Latin America market over the period. Shortage of raw materials like molasses due to its rise in industrial applications and wine blending might slow down beta-glucan market growth. Various applications which are currently untapped in cosmetic and medicine sector are anticipated to create huge opportunities for Latin America Beta-Glucan Market over the next years.
The Latin America Beta-Glucan Market is broadly characterized on the basis of Source (Seaweed, Mushroom, Yeast, Cereal), by Application (Animal Feed, Personal Care, Food & Beverages, Pharmaceuticals) and by Category (Insoluble Beta Glucan, Soluble Beta-Glucan). Soluble fiber normalizes the blood sugar levels while insoluble fiber is helpful for balanced digestion. Soluble beta-glucan is expected to lead the Latin America market during the forecast period. Soluble fibrous Beta-Glucan found in oats, works like an adhesive with cholesterol and blocks it from getting reabsorbed into the blood, consequently bringing down the risk of heart diseases. The growing food & beverage industry is a major driving force behind the growth of the functional food ingredients market in Mexico, which as a result is influencing the growth of the regional beta-glucan market.
Geographically the Latin America Beta-Glucan Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.
Key Players in the Market:
Major Key Players in the Latin America Beta-Glucan Market are
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