HOME Research Insight Tate & Lyle (U.K.) and Cargill (U.S.) are the major players in the Beta-Glucan Market

Tate & Lyle (U.K.) and Cargill (U.S.) are the major players in the Beta-Glucan Market

The key players that have a strong presence in the global beta-glucan market include Tate &Lyle (U.K.), Kerry Group Plc (Ireland), Cargill (U.S.), Royal DSM (Netherlands), Ohly (Germany), and Millipore Sigma (U.S.).

These key market players adopted various growth strategies such as acquisitions and expansions & investments to cater to the increasing demand for beta-glucan. Companies increased their R&D expenditure to expand their beta-glucan processing capacities and manufacture diversified beta-glucan products, as beta-glucan finds applications in various industries such as pharmaceuticals and nutraceuticals.

Strategic acquisitions are a major strength of the key players to enhance their presence in the market. Players such as Cargill (U.S.) and Tate &Lyle (U.K.) successfully tapped the potential markets through these strategic acquisitions. The key companies entered into acquisitions to increase their production capacity and broaden their product portfolio. Moreover, these companies also focused on offering a diverse range of beta-glucan products to cater to the changing requirements of consumers across the globe.

Tate & Lyle (U.K.) has been one of the major players in the global beta-glucan market. The company has been focusing on acquisitions as well as on expansions and investments to develop new technologies that help in the application of beta-glucan and its nutritive properties to be used in the food and pharma sectors. In May 2013, Tate & Lyle acquired Biovelop (Sweden), a Swedish manufacturer of oat beta-glucan. This acquisition will add more products to Tate & Lyle’s product portfolio. Biovelop (Sweden) has a strong R&D support which will help Tate & Lyle for the further development of new products.

Cargill (U.S.) strengthened its position in several segments of functional food, including beta-glucan, through acquisitions. The company focused on diversifying its beta-glucan business to cater to the vast customer base across the globe. In June 2016, Cargill agreed to acquire Five Star Custom Foods, Ltd (U.S.) to enhance & provide innovation opportunities, and optimize supply chain efficiency. In April 2014, Cargill expanded and upgraded its R&D center at Vilvoorde, Belgium. This expansion accelerated product developments and innovations in Cargill, Inc.

Related Reports:

Beta-Glucan Market by Source (Cereal, Mushroom, Yeast, Seaweed), Application (Food & Beverages, Personal Care, Pharmaceuticals, Animal Feed), Category (Soluble, Insoluble), and Region - Global Forecast to 2022

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