South America Beta-Glucan Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 38.40 Million |
| Market Size (2029) | USD 51.90 Million |
| CAGR (2024 - 2029) | 6.21 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Beta-Glucan Market Analysis
The South America Beta-Glucan Market size is estimated at USD 38.40 million in 2024, and is expected to reach USD 51.90 million by 2029, growing at a CAGR of 6.21% during the forecast period (2024-2029).
The beta-glucan has gained significant attention in the South American market due to its wide application in food, pharmaceuticals, cosmetics, and dietary supplements. Another critical factor contributing to the increased demand for beta-glucan in South America is the growing awareness of its potential health benefits, such as immune-enhancing properties. It stimulates the activity of immune cells and aids the body in defending against infection. Due to the increasing health consciousness among consumers in the region, there has been a shift towards products supporting immune function, making beta glucan-rich supplements and functional food increasingly popular. Moreover, several new research activities are being conducted to determine the positive health benefits of beta-glucan in managing numerous diseases. For example, one of the research studies published for Inflammable Bowel Diseases (IBS) claims that Wellmune, a prebiotic dietary manufacturer by the Kerry Group, is used to reduce gut permeability in the human body. Therefore, the potential benefits of beta-glucan for human health represent an immense scope in terms of market growth.
South America Beta-Glucan Market Trends
Increased Demand for Algae derived Beta Glucan in Dietary Supplements
South America has recently witnessed a significant demand for dietary supplements containing beta-glucan. These benefit health, particularly in boosting immunity and supporting heart health. The nutritional food and supplement market is witnessing an increased demand for the algae-derived beta-glucan. Consumers are spending more on their health and fitness, and governments of different countries in the region are increasing their healthcare budgets. For instance, in 2022, the Brazilian government spent more than 136 billion Brazilian reals on healthcare.
Moreover, manufacturers are also capitalizing on the growing demand by introducing a variety of dietary supplements that incorporate beta glucan algae-derived. The algae-derived beta-glucan is simple and available cheaper than the other beta-glucans, such as beta-glucan derived from yeast. Furthermore, improving the extraction techniques for microalgae cultivation will allow manufacturers to use beta-glucan microalgae effectively in food, dietary supplements, and healthcare, among others. In this regard, numerous efforts are being carried out by several organizations. The abovementioned factors will contribute to the market overall growth shortly.
Brazil holds a Prominent Share in the Market Studied
Growing consumption of nutraceuticals and functional food, its usage as an immunomodulator, and increased usage as fat substitutes are driving the demand for the beta-glucan market in the country. In Brazil, the growing consumer acceptance of dietary fiber supplements and functional food products is expected to support the application of beta-glucan in human nutrition. The Brazilian population has had a history of a high prevalence of chronic diseases like hypertension, diabetes, and metabolic disorders. According to Glanbia Nutritionals, more than 50% of consumers planned to become more active after the pandemic, which is expected to increase the demand for dietary supplements in the coming years. Regulatory approvals in the region are expected to fuel the demand for beta-glucan over the forecast period. The Brazilian health regulatory agency, ANVISA, does not allow manufacturers to produce claims on the packaging saying ‘certain dietary supplement is good for the immune system’ unless the claim has been scientifically proven. Owing to this, ingredient manufacturers are focusing on developing products with various health benefits and receiving approvals supporting food manufacturers in the country. Key players in the South American beta-glucan market include Biothera Inc., Biospringer, and Lesaffre. Furthermore, the Government of Brazil is spending on healthcare to promote a healthy lifestyle among its citizens. These factors are boosting the beta-glucan market in Brazil.
South America Beta-Glucan Industry Overview
South America beta-glucan market is highly competitive, with several regional and multinational companies competing for leading market positions. These companies focus on research and development activities to enhance their product portfolio and stay competitive. In addition, they are focusing on expanding their exclusive functional food product portfolio by acquiring various raw materials and end-product manufacturing companies, intending to enhance their market position. Some of the major players in the market studied are Tate & Lyle PLC, Biothera Inc., Koninklijke DSM N.V., and Lesaffre, among others.
South America Beta-Glucan Market Leaders
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Tate & Lyle PLC
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Kerry Group PLC
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Biothera Inc.
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Lesaffre
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Koninklijke DSM N.V.
*Disclaimer: Major Players sorted in no particular order
South America Beta-Glucan Market News
- February 2024: Kemin Industries, a global ingredient manufacturer, opened an Innovation Center and second spray-drying facility at its regional headquarters in Vargeão, Santa Catarina, Brazil, making the Kemin Nutrisurance location the largest pet food manufacturing plant in Latin America by volume capacity for producing dry and liquid palatants.
- March 2024: Bio-Thera Solutions, a commercial-stage biopharmaceutical company developing innovative therapies and biosimilars, and SteinCares, one of Latin America's leading specialty healthcare companies, announced a new licensing agreement to distribute and market Bio-Thera's pharmaceuticals in Brazil and the rest of the region.
- July 2023: BENEO launched its first barley beta-glucans ingredient, Orafti β-Fit. It is a natural and clean-label wholegrain barley flour with 20% beta-glucans and is an extension of the functional fiber range. The launch was effective globally, including in South America.
South America Beta-Glucan Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Rising Application in Dietary Supplements
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4.2 Market Restraints
- 4.2.1 Increasing prevalence of hydroglycemia
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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 Category
- 5.1.1 Soluble
- 5.1.2 Insoluble
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5.2 By Application
- 5.2.1 Food and Beverages
- 5.2.1.1 Dairy
- 5.2.1.2 Snacks
- 5.2.1.3 Beverages
- 5.2.1.4 Confectionery
- 5.2.1.5 Baked Goods
- 5.2.1.6 Other Products
- 5.2.2 Healthcare and Dietary Supplements
- 5.2.2.1 Infant Nutrition
- 5.2.3 Other Applications
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5.3 By Geography
- 5.3.1 Brazil
- 5.3.2 Colombia
- 5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Tate & Lyle PLC
- 6.3.2 Kerry Group PLC
- 6.3.3 Koninklijke DSM NV
- 6.3.4 Angel Yeast Co. Ltd
- 6.3.5 Biotec Pharmacon
- 6.3.6 Lesaffre International
- 6.3.7 Associated British Foods
- 6.3.8 Lantmannen
- 6.3.9 Givadaun SA
- 6.3.10 Kemin Industries
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySouth America Beta-Glucan Industry Segmentation
Beta-glucans are biologically active fibers derived from the cell walls of various natural sources, including yeast, mushrooms, oats, barley, and others, with proven health and medical benefits.
South American beta-glucan market is segmented by category into soluble and insoluble. By application, the market studied is segmented into food and beverages, healthcare and dietary supplements, and others. The food and beverages segment is further sub-segmented into dairy, snacks, beverages, confectionery, baked goods, and others. The healthcare and dietary supplements segment is further sub-segmented into infant nutrition. Based on geography, the report provides a detailed regional analysis, which includes Brazil, Colombia, and the Rest of South America.
The report offers market size and values in (USD Million) during the forecasted years for the above segments.
| By Category | Soluble | |
| Insoluble | ||
| By Application | Food and Beverages | Dairy |
| Snacks | ||
| Beverages | ||
| Confectionery | ||
| Baked Goods | ||
| Other Products | ||
| By Application | Healthcare and Dietary Supplements | Infant Nutrition |
| By Application | Other Applications | |
| By Geography | Brazil | |
| Colombia | ||
| Rest of South America |
South America Beta-Glucan Market Research Faqs
How big is the South America Beta-Glucan Market?
The South America Beta-Glucan Market size is expected to reach USD 38.40 million in 2024 and grow at a CAGR of 6.21% to reach USD 51.90 million by 2029.
What is the current South America Beta-Glucan Market size?
In 2024, the South America Beta-Glucan Market size is expected to reach USD 38.40 million.
Who are the key players in South America Beta-Glucan Market?
Tate & Lyle PLC, Kerry Group PLC, Biothera Inc., Lesaffre and Koninklijke DSM N.V. are the major companies operating in the South America Beta-Glucan Market.
What years does this South America Beta-Glucan Market cover, and what was the market size in 2023?
In 2023, the South America Beta-Glucan Market size was estimated at USD 36.02 million. The report covers the South America Beta-Glucan Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Beta-Glucan Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Beta-Glucan Industry Report
Statistics for the 2023 South America Beta Glucans market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Beta Glucans analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
