Beta Glucan and Fucoidan Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.08 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Beta Glucan and Fucoidan Market Analysis
The global beta-glucan and fucoidan market is projected to grow at a CAGR of 8.08% during the forecast period (2022-2027)
The global beta-glucan and fucoidan market has been witnessing significant growth due to the increasing health & hygiene consciousness among the consumers globally, owing to the impact of the COVID-19 pandemic. The changing lifestyles, recovering economies, and shift toward natural products have been observed in developing economies, leading to the growth in demand for beta-glucan and fucoidan, not only in food & beverage, personal care, and pharmaceutical products but also in other industrial applications, including animal feed, cosmetics, and biofuel production. Moreover, owing to the wide array of health benefits associated with the usage and consumption of beta-glucan variants, the ingredient is also witnessing a huge demand in nutraceutical supplements, whose potential is further being tested with respect to possessing probable anti-COVID-19 properties.
Over the medium term, the growing application of beta-glucan and fucoidan in nutraceutical supplements is majorly driving market growth across the globe. Evolved consumer trends and rising demand for immunity booster foods and diets have created lucrative opportunities for both ingredients, with the potential to grow rapidly during the coming years. Furthermore, improving the extraction techniques for microalgae cultivation will allow manufacturers to make effective use of beta-glucan microalgae in the food, dietary supplements, and healthcare industries, among others. In this regard, numerous efforts are being carried out by several organizations. These aforementioned factors are expected to contribute to the overall growth of the market during the forecast period.
Additionally, the status of beta-glucan has gradually elevated from a healthy ingredient to a necessity in the soluble fiber product range. Hence, the usage of beta-glucan in functional beverages has grown in demand worldwide. High demand, coupled with a low cost of production, is a key feature that is expected to support beta-glucan and fucoidan manufacturers to enter into new geographies, introduce new products, collaborate with existing key players, and expand the market studied.
Beta Glucan and Fucoidan Market Trends
This section covers the major market trends shaping the Beta Glucan & Fucoidan Market according to our research experts:
Growing Expansion In Immunity Ingredient Space
During the last decade, the immunity health segment has been 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 toward the use of ocean's seaweed, such as fucoidan and yeasts' beta-glucans, to continue to diversify and expand the market. In line with this, beta-glucan, which is characterized as the most popular emerging ingredient in the immunity health segment, is witnessing huge demand from consumers globally. Yeast beta-glucan is derived from baker's yeast and is found to maintain or stimulate the effectiveness of the immune system. Yeast beta-glucan is a multi-purpose ingredient, capable of fortifying and supporting the immune system. For example, beta-glucan derived from the yeast can be used in nutritional and dietary products, dry-mix products, and in a range of other products, such as granola bars, cookies, beverages, and desserts. Additionally, fucoidan extracts have been found to ameliorate acute colitis, have anti-cancer Activity mediated via natural killer (NK) cells, and affect inflammation, vascular physiology, as well as oxidative stress. Thus, increasing demand for immunity booster food products, across the globe is supporting the market growth for beta-glucan and fucoidan as it is one of the prominent sources of enhancing immunity.
Asia-Pacific Region to Witness Fastest Growth
In the Asia-Pacific region, functional food is a major application field of yeast beta-glucan and seaweed fucoidan. Improving immunity is the main requirement for Chinese consumers to use functional food, and the epidemic has increased consumers' appeal for buying functional food. Therefore, major functional food brands have also developed and introduced functional foods containing yeast beta-glucan or fucoidan, to meet the extensive requirements of consumers. As Japanese consumers increasingly place a higher value on the nutritional profile of their food, the Council has partnered with industry leaders like the Japanese Council for Food Barley Promotion The increased demand for these varieties is spurring increased imports and the development of new, high beta-glucan barley varieties by Japanese barley breeders. Additionally, owing to the high benefits of seaweed in the personal care industry the players in the region especially in southeast Asian countries have started investing in research and development and offering a range of fucoidan, skincare products as it is clinically proven benefits for skincare applications and in beauty supplements.
Beta Glucan and Fucoidan Industry Overview
The global beta-glucan and fucoidan markets are highly competative, particularly with the significant presence of numerous global and regional players. The global beta-glucan market is dominated by the players, such as Lantmännen and DSM, among others. The beta-glucan and fucoidan ingredients market is witnessing a high level of competition among the leading players mentioned above for maximizing prominence in the market. The companies, such as Lantmännen, expanded the production facility for beta-glucan ingredients to cater to the rising demand in the Swedish market in the food and beverage and other industries. The global fucoidan market is dominated by key players, such as Sigma Aldrich (owned by Merck KGaA), Yaizu Suisankagaku Industry Co. Ltd, Marinova, and Vesta Ingredients Inc.
Beta Glucan and Fucoidan Market Leaders
-
Lantmännen
-
Kerry Group plc
-
Koninklijke DSM N.V.
-
The Merck Group
-
Kemin Industries
*Disclaimer: Major Players sorted in no particular order
Beta Glucan and Fucoidan Market News
In August 2021-BASF has introduced algae extract claiming to refresh and revitalize the eye contour. Called Seanactiv, the ingredient harnesses the power of Fucus vesiculosus fucoidan to limit visible signs of aging and fatigue around the eye area.
In June 2021-Lantmännen launched of PromOat Gluten-Free Organic, the newest addition to its PromOat family of oat beta-glucan ingredients. Launched in response to the strong growth in consumer demand for oat-based products which are both gluten-free and organic, this latest version of PromOat becomes the fourth member of Lantmännen's PromOat product portfolio.
In May 2021-Kemin Industries acquired a United States patent (US 10,912,794) on the use of beta 1,3 glucan for modulating human immune function and treating intestinal inflammation.
Beta Glucan and Fucoidan Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables and Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 By Category
- 5.1.1 Beta Glucan
- 5.1.2 Fucoidan
-
5.2 By Functionality
- 5.2.1 Immunity Booster
- 5.2.2 Cardiovascular Health
- 5.2.3 Others
-
5.3 By Application
- 5.3.1 Food and Beverages
- 5.3.2 Supplements
- 5.3.3 Others
-
5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Russia
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 India
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 Rest of the World
- 5.4.4.1 South America
- 5.4.4.2 Middle East
- 5.4.4.3 Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategies Adopted
- 6.2 Market Position Analysis
-
6.3 Company Profiles
- 6.3.1 Lantmannen
- 6.3.2 Kerry Group PLC
- 6.3.3 Koninklijke DSM NV
- 6.3.4 Super Beta Glucan Inc.
- 6.3.5 Arcticzymes Technologies ASA
- 6.3.6 Caepro Inc.
- 6.3.7 Merck KGaA
- 6.3.8 Yaizu Suisankagaku Industry Co. Ltd
- 6.3.9 BASF SA
- 6.3.10 Kemin Industries
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
** Subject To AvailablityBeta Glucan and Fucoidan Industry Segmentation
Fucoidan is a long chain sulfated polysaccharide found in various species of brown algae. Commercially available fucoidan is commonly extracted from the seaweed species Fucus vesiculosus, Cladosiphon okamuranus, Laminaria japonica and Undaria pinnatifida. Beta= Glucans (beta-glucans) comprise a group of β-D-glucose polysaccharides naturally occurring in the cell walls of cereals, bacteria, and fungi, with significantly differing physicochemical properties dependent on the source.The global beta-glucan and fucoidan market is segmented into category, functionality, and application. On the basis of category, the market is segmented into beta-glucan and fucoidan. On the basis of functionality, the market is segmented into cardiovascular health, immunity booster, and others. On the basis of application, the market is segmented by food and beverages, supplements, and others. The report also provides an analysis of emerging and established economies worldwide, including North America, Europe, Asia-Pacific, and the Rest of the World. The report offers market size and forecasts (in USD million) for the above segments.
| By Category | Beta Glucan | |
| Fucoidan | ||
| By Functionality | Immunity Booster | |
| Cardiovascular Health | ||
| Others | ||
| By Application | Food and Beverages | |
| Supplements | ||
| Others | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| By Geography | Asia Pacific | India |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | Rest of the World | South America |
| Middle East | ||
| Africa |
Beta Glucan and Fucoidan Market Research FAQs
What is the current Beta Glucan and Fucoidan Market size?
The Beta Glucan and Fucoidan Market is projected to register a CAGR of 8.08% during the forecast period (2024-2029)
Who are the key players in Beta Glucan and Fucoidan Market?
Lantmännen, Kerry Group plc, Koninklijke DSM N.V., The Merck Group and Kemin Industries are the major companies operating in the Beta Glucan and Fucoidan Market.
Which is the fastest growing region in Beta Glucan and Fucoidan Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Beta Glucan and Fucoidan Market?
In 2024, the Europe accounts for the largest market share in Beta Glucan and Fucoidan Market.
What years does this Beta Glucan and Fucoidan Market cover?
The report covers the Beta Glucan and Fucoidan Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Beta Glucan and Fucoidan Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Beta Glucan & Fucoidan Industry Report
Statistics for the 2024 Beta Glucan & Fucoidan market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Beta Glucan & Fucoidan analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
