Africa Beta-Glucan Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.03 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Beta-Glucan Market Analysis
Africa Beta-Glucan Market is projected to grow at a CAGR of 8.03% during the forecast period (2020-2025).
- The rising demand for yeast specialty products is projected to have a positive impact on the African beta-glucan market. The advantages associated with the consumption of beta-glucan, such as the enhanced immune system, act as the major driver in the health and dietary supplements segment.
- The immune health segment is witnessing an inflow of numerous novel and functional ingredients targeted toward specific health needs. From classical ingredients, such as vitamins and botanicals, the market is now shifting towards the use of ocean's seaweed and yeasts' beta-glucans to continue to diversify and expand the market.
Africa Beta-Glucan Market Trends
This section covers the major market trends shaping the Africa Beta-Glucan Market according to our research experts:
Increased Demand of Soluble Beta-Glucan
Manufacturers focus highly on extraction conditions, as the extraction conditions of beta-glucan are highly responsible for the ratio of the soluble and insoluble fraction. High solubility of soluble beta-glucan enables companies to produce products with a smooth texture. Soluble beta-glucan finds its applications increasingly in the cosmetics industry to manufacture creams and lotions, as it can be easily absorbed into the skin to achieve desired cosmetic or dermatologic results. Manufacturers are offering soluble beta-glucan that has higher water solubility compared to insoluble beta-glucan, thereby making it ideal for a wide array of applications. For instance, Tate & Lyle, offers PromOat Beta Glucan, a soluble oat bran fiber extracted from wholegrain oats and is free from chemicals. It is soluble and has strong water-binding and emulsifying properties, smooth and creamy texture in a variety of products, including beverages, dairy, soups, sauces, and dressings.
Rising Application in 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. Moreover, an increasing number of research studies have been carried out using beta-glucans to treat a range of chronic inflammatory skin diseases and other health conditions. Such research studies involve the usage of topical creams containing beta-glucan to study the effect of the medications for treating the disease. 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.
Africa Beta-Glucan Industry Overview
The Africa beta-glucan market is consolidated as the major players are competing for market share and with innovation in products being a major strategic approach adopted by leading players. Additionally, mergers, expansion, acquisitions, and partnerships with other companies are common strategies to enhance the company's presence and boost the market. The key players in the market are Tate & Lyle PLC, Koninklijke DSM N.V., Kerry Group, Lesaffre International, and Kemin Industries.
Africa Beta-Glucan Market Leaders
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Tate & Lyle PLC
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Koninklijke DSM N.V.
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Kerry Group
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Lesaffre International
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Kemin Industries
*Disclaimer: Major Players sorted in no particular order
Africa Beta-Glucan Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Source
- 5.1.1 Cereal
- 5.1.2 Yeast
- 5.1.3 Mushroom
- 5.1.4 Others
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5.2 By Category
- 5.2.1 Soluble
- 5.2.2 Insoluble
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5.3 By Application
- 5.3.1 Food and Beverage
- 5.3.2 Healthcare and Dietary Supplements
- 5.3.3 Other Applications
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5.4 Geography
- 5.4.1 Africa
- 5.4.1.1 South Africa
- 5.4.1.2 Nigeria
- 5.4.1.3 Kenya
- 5.4.1.4 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 Kerry Group
- 6.4.2 Koninklijke DSM N.V.
- 6.4.3 Tate & Lyle PLC
- 6.4.4 Lesaffre
- 6.4.5 Merck KGaA
- 6.4.6 Kemin Industries
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Beta-Glucan Industry Segmentation
The Africa 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 South Africa, Nigeria, Kenya, and the rest of Africa.
| By Source | Cereal | |
| Yeast | ||
| Mushroom | ||
| Others | ||
| By Category | Soluble | |
| Insoluble | ||
| By Application | Food and Beverage | |
| Healthcare and Dietary Supplements | ||
| Other Applications | ||
| Geography | Africa | South Africa |
| Nigeria | ||
| Kenya | ||
| Rest of Africa |
Africa Beta-Glucan Market Research FAQs
What is the current Africa Beta Glucan Market size?
The Africa Beta Glucan Market is projected to register a CAGR of 8.03% during the forecast period (2024-2029)
Who are the key players in Africa Beta Glucan Market?
Tate & Lyle PLC, Koninklijke DSM N.V., Kerry Group, Lesaffre International and Kemin Industries are the major companies operating in the Africa Beta Glucan Market.
What years does this Africa Beta Glucan Market cover?
The report covers the Africa Beta Glucan Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Beta Glucan Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Beta Glucan Industry Report
Statistics for the 2024 Africa Beta Glucan market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa 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.
