(MENAFN- America News Hour)
In a recent published report, Kenneth Research has updated the market report for Beta-Glucan Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Beta-Glucan Market products.
Download Sample of This Strategic Report:
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
Global Beta-Glucan Market was valued at USD 346.62 Million in the year 2017. The global Beta-Glucan Market is further estimated to grow at a CAGR of 6.70% from 2018 to 2025 to reach USD 578.18 Million by the year 2025. Europe region holds the highest Market share in 2017 and North America Market is considered as the fastest growing Market in the forecasted period. The growth is mainly due to increasing healthcare awareness and emerging Markets.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The major Market players in Beta-Glucan Market are Tate & Lyle PLC (U.K), Biothera Pharmaceuticals (U.S.), Biotec Pharmacon ASA (Norway), Cargill Inc. (U.S.), Kerry Group PLC (Ireland), Koninklijke DSM N.V. (Netherlands), Ohly (U.S.), Zilor Inc. (Biorigin) (Brazil), Garuda International Inc. (U.S.), Super Beta Glucan (U.S.)(Other 13 companies information is provided in research report).
Request Free Sample Copy :-
Market Overview
Challenges
Cost of raw material
Lack of awareness related to benefits of Beta-Glucan.
Opportunity
Emerging Market in developing countries
Increasing consumption
On the other hand, Based on application pharmaceutical segment among Food & Beverages, Personal Care, and animal feed is estimated to be the largest Market share in 2016 and Food & Beverages segment is expected to grow at highest CAGR in coming years. The growth is mainly due to increasing healthcare industry and growing awareness for beta-glucan containing products. On the basis of source, yeast segment holds the highest Market share of Cereal, Seaweed, and Mushroom.
The global Beta-Glucan Market is segmented as by type, by source, by application, and by region. On the basis of types, soluble beta-glucan holds the highest Market share with the high growth rate in coming years followed by insoluble beta-glucan. The growth is mainly due to wide usage and increasing consumption of beta-glucan containing products.
By Application
Food & Beverages
Personal Care
Pharmaceutical
Animal Feed
By Type
Soluble
Insoluble
By Source
Cereal
Seaweed
Yeast
Mushroom
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
Download Sample of This Strategic Report:
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
MENAFN28012022004545010068ID1103606685
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.