The beta glucans market was estimated at USD 0.7 billion in 2015 and is expected to grow at a CAGR of 7.39% over the forecast period to reach a market of USD 1 billion by 2020.
The beta glucan market can be broadly segmented into types based on the sources of extraction. Due to the varying physiochemical properties of beta glucans extracted from various sources, their applications vary with source and efficacy in the same application too. The various segments based on sources are cereals, yeast, mushrooms (fungi), bacteria and others. Also, the beta glucan market is further segmented based on the physical property of their degree of solubility as soluble and insoluble types. Based on the type of application the market is segmented into bakery products, food and beverages, dairy products, nutraceuticals, cosmetics, biodiesel, animal feed and others.
The market has also been geographically segmented into North America, Europe, Asia-Pacific, and the rest of the world, with Europe occupying the largest consumer base in the world. The growing consumer awareness in the growing economies of Asia-Pacific has made this region an area of immense potential and opportunities.