Beta-Glucan Market– Tate & Lyle Receives Non-GMO Project Verification for Oat Ingredients

Recent Developments

Tate & Lyle PLC (Tate & Lyle), a leading global provider of food ingredients and solutions, has achieved Non-GMO Project verification for its PromOat Beta Glucan and PrOatein Oat Protein ingredients. The Non-GMO Project is a nonprofit organization committed to preserving and building sources of non-GMO products, educating consumers and providing verified non-GMO options under the belief that everyone deserves an informed choice about whether or not to consume food or ingredients derived from genetically modified organisms.  The Non-GMO Project verification mark has been very successful in driving non-GMO claims in North America. In 2010, it represented just 2.6% of all non-GMO claims. However, by 2015 this number had risen to 18.5%, and by July 2017 reached 34% of all non-GMO claims. The Non-GMO Project verification mark gives manufacturers and their consumers the assurance that products, such as PromOat and PrOatein, have completed a comprehensive verification for compliance with the Non-GMO Project Standard. PromOat Beta Glucan is a natural fiber also from non-GMO Swedish oats that yields good solubility, no grittiness, neutral taste and desirable mouthfeel in formulations. In addition, PromOat provides a minimum of 32% beta glucan, making it easy to achieve dosages required for cholesterol-related health benefit claims.

Tate & Lyle PLC is a British-headquartered, global supplier of food and beverage ingredients to industrial markets. It was originally a sugar refining business, but from the 1970s began to diversify, eventually divesting its sugar business in 2012. It specializes in turning raw materials such as corn, tapioca, and oats into ingredients that add taste, texture, and nutrients to food and beverages. The company was formed in 1921 from a merger of two rival sugar refiners: Henry Tate & Sons and Abram Lyle & Sons.

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Market Segmentations

Market Data Forecast published a report named Global Beta-Glucan Market was worth USD 378.35 million in 2018 and estimated to be growing at a CAGR of 7.32%, to reach USD 538.64 million by 2023.

Report is segmented by

Category

Soluble Beta-Glucan

Insoluble Beta Glucan

Application

Food & Beverage

Animal Feed

Personal Care

Pharmaceuticals

Based on the category, soluble fiber helps in normalizing the blood sugar levels while insoluble fiber is imperative for balanced digestion. Soluble beta-glucan is expected to lead the market globally during the said forecast period. Soluble fibrous Beta-Glucan found in oats, sticks with cholesterol and subsequently blocks it from getting reabsorbed into the blood, thereby bringing down the potential risk of heart disease. Under application, food and beverages hold the largest share in the market.

Geographical Segmentation:

Based on geography, The European region was the largest market for beta-glucan in 2016. This can be attributed to the increasing demand for various beta-glucan products in countries such as the U.K. and Germany. The growing food & beverage industry is, consequently, driving the growth of the functional food ingredients market in Germany, which as a result is influencing the growth of the regional beta-glucan market.

 

Key market players in the market are –

Koninklijke DSM N.V.

Super Beta Glucan (SBG) Inc.

Groupe Soufflet S.A

Tate & Lyle plc.

Zilor Inc.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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