Market Size of Africa Beta Glucan Industry
| 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 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 | ||||||
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Africa Beta Glucan Market Size Summary
The Africa beta-glucan market is experiencing significant growth, driven by the increasing demand for yeast specialty products and the health benefits associated with beta-glucan consumption, particularly in the health and dietary supplements sector. The market is evolving from traditional ingredients like vitamins and botanicals to more innovative sources such as seaweed and yeast-derived beta-glucans, which are being used to address specific health needs. This shift is contributing to the diversification and expansion of the market. Manufacturers are focusing on optimizing extraction conditions to enhance the solubility of beta-glucan, which is crucial for its application in various industries. Soluble beta-glucan, known for its smooth texture and high water solubility, is increasingly used in the cosmetics industry for products like creams and lotions. Companies such as Tate & Lyle are leading the way by offering products like PromOat Beta Glucan, which is free from chemicals and boasts strong water-binding and emulsifying properties.
In the healthcare sector, beta-glucans are utilized to improve immune response and are being researched for their potential in treating a variety of medical conditions, including high cholesterol, Crohn's disease, diabetes, cancer, and high blood pressure. The growing application of beta-glucan in healthcare has prompted manufacturers to supply it for research studies aimed at developing effective treatments for chronic inflammatory skin diseases and other health issues. The market is characterized by consolidation, with major players like Tate & Lyle PLC, Koninklijke DSM N.V., Kerry Group, Lesaffre International, and Kemin Industries competing for market share. These companies are adopting strategies such as product innovation, mergers, expansions, acquisitions, and partnerships to strengthen their market presence and drive growth.
Africa 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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1.2 Market Restraints
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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 Source
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2.1.1 Cereal
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2.1.2 Yeast
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2.1.3 Mushroom
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2.1.4 Others
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2.2 By Category
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2.2.1 Soluble
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2.2.2 Insoluble
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2.3 By Application
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2.3.1 Food and Beverage
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2.3.2 Healthcare and Dietary Supplements
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2.3.3 Other Applications
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2.4 Geography
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2.4.1 Africa
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2.4.1.1 South Africa
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2.4.1.2 Nigeria
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2.4.1.3 Kenya
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2.4.1.4 Rest of Africa
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Africa Beta Glucan Market Size 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.
