Market Size of Asia-Pacific Beta-Glucan Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.75 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Beta-Glucan Market Analysis
Asia Pacific Beta-Glucan market is projected to grow at a CAGR of 5.75% during the forecast period (2020 - 2025).
- The rising demand for soluble dietary fiber, increasing population, and availability of resources are encouraging key players in the beta-glucan market to expand their presence in the region.
- The demand for natural, organic, and free-from ingredients and products has increased significantly in Australia, which has triggered the use of beta-glucan extracted from mushroom, algae, and yeast.
- New players are entering the market due to rising demand for functional food with antioxidant benefits, especially to capture the market share in the functional food and beverage segment.
APAC Beta-Glucan Industry Segmentation
The Asia-Pacific 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 China, Japan, India, Australia, and the rest of Asia-Pacific.
By Category | |
Soluble | |
Insoluble |
By Application | |
Food and Beverages | |
Healthcare and Dietary Supplements | |
Other Applications |
By Source | |
Cereal | |
Yeast | |
Mushroom | |
Other Sources |
By Geography | |
China | |
Japan | |
India | |
Australia | |
Rest of Asia-Pacific |
Asia-Pacific Beta-Glucan Market Size Summary
The Asia-Pacific beta-glucan market is experiencing significant growth, driven by the increasing demand for soluble dietary fiber and the rising population in the region. This growth is further supported by the availability of resources and a shift towards natural, organic, and free-from ingredients, particularly in Australia. The market is witnessing an influx of new players aiming to capture market share in the functional food and beverage segment, fueled by the demand for products with antioxidant benefits. In the healthcare sector, beta-glucans are gaining traction for their role in enhancing immune response and treating various medical conditions, prompting manufacturers to invest in research and development to introduce effective drugs. The trend towards healthy and active lifestyles is also boosting the use of beta-glucan in dietary supplements, as consumers seek to improve vitality and metabolism.
In China, the infant formula market is experiencing robust growth, partly due to the two-child policy and increased government support for product innovation. This has led to a heightened demand for infant formulas containing beta-glucan, with regulatory changes facilitating its use as a nutritional enhancer. The market is characterized by a high degree of fragmentation, with numerous global and regional players such as Tate & Lyle, Kerry Group, and Koninklijke DSM N.V. leading the charge. These companies are focusing on innovation and distribution to meet emerging applications, like infant nutrition, while also promoting beta-glucan ingredients and raising consumer awareness.
Asia-Pacific 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 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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2.2.2 Healthcare and Dietary Supplements
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2.2.3 Other Applications
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2.3 By Source
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2.3.1 Cereal
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2.3.2 Yeast
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2.3.3 Mushroom
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2.3.4 Other Sources
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2.4 By Geography
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2.4.1 China
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2.4.2 Japan
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2.4.3 India
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2.4.4 Australia
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2.4.5 Rest of Asia-Pacific
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Asia-Pacific Beta-Glucan Market Size FAQs
What is the current Asia-Pacific Beta-Glucan Market size?
The Asia-Pacific Beta-Glucan Market is projected to register a CAGR of 5.75% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Beta-Glucan Market?
Tate & Lyle PLC, Kerry Group, Koninklijke DSM N.V., Associated British Foods Plc and Kemin Industries, Inc. are the major companies operating in the Asia-Pacific Beta-Glucan Market.