The North America Beta Glucan Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030).
Beta-glucans are utilized in the textile industry for their moisture-absorbing properties. Textile finishing processes incorporate beta-glucans to enhance fabric properties, providing moisture management and comfort in clothing. Ongoing research and development efforts are focused on improving the extraction and purification processes of beta-glucans. Advanced technologies are being employed to improve the bioavailability and purity of beta-glucan extracts, ensuring higher quality and efficacy in end products. The convergence of biotechnology with beta glucan research opens new avenues for innovation. Biotechnological advancements are being explored to unlock the full therapeutic potential of beta-glucans, with applications ranging from pharmaceuticals to wound healing and beyond.
Beta-glucans are increasingly incorporated into functional beverages marketed for immune support and overall health. Wellness shots, fruit juices, and other beverages leverage the functional properties of beta-glucans to appeal to health-conscious consumers. Beta-glucans are incorporated into everyday foods such as bread, pasta, and cooking ingredients, expanding their presence beyond traditional functional foods. This trend contributes to normalizing beta-glucans as functional ingredients in daily diets. Ongoing research is exploring the potential of beta-glucans in cancer immunotherapy. Their ability to modulate the immune system has prompted investigations into novel therapeutic approaches, marking a trend toward exploring beta-glucans in broader medical applications.
As per the International Trade Administration (ITA), in the first half of 2022, the Canadian cosmetics industry was the fastest-growing industry in the country. In 2022, Canada’s personal care and beauty sector earned around $11 billion in revenue. As in many other regions, consumer preferences in Canada are shifting towards natural and clean beauty products. The personal care industry in Canada is witnessing an increased demand for products with natural ingredients. In cosmetic products like lotions, creams, and serums, beta-glucans can enhance skin hydration, addressing consumer preferences for effective skincare solutions in Canada. Also, ITA estimates by 2024, cosmetic industry revenue is anticipated to increase by 1.45% yearly to USD 1.8 billion. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Beta Glucan Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $196,533.2 Thousands by 2030. The Canada market is registering a CAGR of 9.8% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 8.9% during (2023 - 2030).
Free Valuable Insights: The Beta Glucan Market is Predict to reach $897.3 Million by 2030, at a CAGR of 7.7%
Based on Vertical, the market is segmented into Food & Beverages, Animal Feed, Personal Care & Cosmetics, Pharmaceuticals and Others. Based on Source, the market is segmented into Cereal, Yeast, Seaweed, and Mushroom. Based on Type, the market is segmented into Soluble and Insoluble. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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