Yeast Extracts And Beta-Glucan Market Research, 2031
The global yeast extracts and beta-glucan market was valued at $1,339.6 million in 2020, and is projected to reach $3,008.1 million by 2031, growing at a CAGR of 7.5% from 2022 to 2031. Beta-glucan is a specific form of soluble dietary fiber. Beta-glucan is sourced from bacteria, fungus, yeast, and cereal. Yeast extract is a food flavor produced from the same yeast that is used in the production of bread and beer.
Increase in consumption of processed food, dynamic changes in eating patterns, and rise in disposable income are the factors that are expected to boost the growth of the yeast extract and beta-glucan market during the forecast period. Furthermore, there is increase in demand for ready-to-eat and ready-to-cook food that contains yeast extract and beta-glucan to enhance the nutritional content of the food. Yeast extract is used as a flavoring agent in the food & beverages industry. Yeast extracts and beta-glucan are majorly used to produce probiotics and nutritional dietary supplements as they work as natural catalysts. Increase in health-conscious population and a rise in obesity and related problems such as diabetics and high blood pressure propelled the demand for beta-glucan during the forecast period. In several clinical trials, Beta-glucan has obtained significant anticancer, anti-diabetic, and anti-hypercholesterolemic (controls cholesterol levels) properties.
Increase in demand for functional foods in the developing countries, including India, Brazil, China, and Saudi Arabia, and the rise in concerns about a healthy lifestyle has been accelerating the growth of the yeast extract and Beta-glucan market. Health-conscious consumers opt for functional foods that help them to stay fit and healthy.
Despite the enormous benefits of yeast extracts and Beta-glucan, their consumption causes some kind of allergic reaction, including skin irritation, diarrhea, bloating, gas, and stomach discomfort. Thus, allergic conditions caused due to the consumption of yeast extract and beta-glucan hinder the growth of the yeast extract and beta-glucan market during the forecast period.
Segmental Overview
The yeast extracts and beta-glucan market is segmented on the basis of product type, application, and region. Depending on the product type, the market is divided into yeast extract and yeast beta-glucan. According to application, it is classified into food & beverages, pharmaceutical, cosmetic, animal feed, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), and Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific).
By Application
According to the application, the food & beverages segment was the highest contributor to the yeast extracts and beta-glucan market size and is estimated to reach $1,515.0 million by 2031, at a CAGR of 7.9% during the forecast period. Increase in health concerns, dynamic changes in consumption patterns, and surge in demand for high nutritional & functional food are likely to boost the growth of the global yeast extracts and beta-glucan market during the forecast period. Increase in demand for nutritional & fortifying food additives generates demand for functional foods that contain yeast extracts and especially Beta-glucan. In addition, beta-glucan is used as an immunity-boosting food ingredient. Thus, the abovementioned factors are likely to bolster the growth of the market during the forecast period.
By Appilication
Food And Beverages segment helds the major share of 48.2% in 2020
BY Product Type
According to the yeast extracts and beta-glucan market trends, on the basis of product type, the yeast beta-glucan segment was the significant contributor to the yeast extracts and beta-glucan market Share, with $247.7 million in 2020, and is estimated to reach $690.6 million by 2031, at a CAGR of 9.6% during the forecast period. Yeast beta- glucan is in high demand, owing to its functional and multiple bioactive properties that boost the immune system. Beta-glucan is widely used in dietary supplements, food ingredients, and medicinal purposes. There has been significant growth in the use of beta glucan in the food & beverage industry, owing to high fiber content, which increases the health benefits of food items. Thus, above aforementioned factors are expected to garner the yeast extracts and beta-glucan market growth during the forecast period.
By Product Type
Yeast Extract segment helds the major share of 81.5% in 2020
By Region
Region-wise, North America gained the highest market share and is expected to sustain its share throughout yeast extracts and beta-glucan market forecast period. High adoption and acceptance for newly launched food products with beta-glucan as an immune-boosting ingredient offer remarkable opportunities for the growth of the yeast extracts and beta-glucan market. Busy lifestyle of consumers in North America and the rise in health-conscious population are the major factors that fuel the market growth. Increase in demand for clean labeled food products and natural ingredients & additives-based food products from health-conscious consumers are anticipated to drive the growth of the yeast extracts and beta-glucan market.
Competitive Analysis
The players operating in the global yeast extracts and beta-glucan industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Alltech, Angel Yeast Co., Ltd., Archer-Daniels-Midland Company, Associated British Food Plc, Chr Hasen As, Lallemand, Inc., Lesaffre ET Compagnie, SA, Nutra Green Biotechnology Co., Ltd., Specialty Biotech Co., Ltd., and Thai Foods International Co., Ltd.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the yeast extracts and beta-glucan market analysis from 2020 to 2031 to identify the prevailing yeast extracts and beta-glucan market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the yeast extracts and beta-glucan market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global yeast extracts and beta-glucan market trends, key players, market segments, application areas, and market growth strategies.
Yeast Extracts and Beta-Glucan Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Application |
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 By Region |
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 Key Market Players | Archer-Daniels-Midland Company, Chr Hasen As, Associated British Food Plc, Lallemand, Inc, Thai Foods International Co., Ltd., Angel Yeast Co., Ltd., Nutra Green Biotechnology Co., Ltd., Lesaffre ET Compagnie, SA, Alltech, Specialty Biotech Co., Ltd. |
Analyst Review
On the basis of insights of top CXOs, the yeast extracts and beta-glucan market is expected to grow rapidly in the future. This is attributed to change in eating patterns, rise in consumption of processed food, and increase in disposable income of developing countries. Rise in a number of working women, increase in workload, and busy & hectic lifestyle of consumers propel demand for functional foods across the globe. Beta-glucan has been gaining major popularity in functional foods as it used to increase the nutritional benefits of the food. However, factors such as the dearth of molasses and stiff competition from other industries in terms of sources of raw materials pose limitations for the market growth. Moreover, people prefer fiber supplements to fulfil their daily nutritonal requirements in the body. Growth in awareness regarding consumption of yeast extracts and beta-glucan among the global population is exponentially contributing toward the growth of the global yeast extracts and beta-glucan market. The CXOs further added that Asia-Pacific is expected to be significant contributor toward growth of the yeast extracts and beta-glucan market. Characterized by huge consumer base, industrialization, rapid growth of food & beverages industry, rise in disposable income, growth in number of working people, and demand for healthy lifestyle are major factors that drive the global yeast extracts and beta-glucan market.
The global yeast extracts and beta-glucan market was valued at $1,339.6 million in 2020.
7.5% is the CAGR of yeast extracts and beta-glucan market.
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2022 - 2031 would be forecast period in the yeast extracts and beta-glucan market report
Alltech, Angel Yeast Co., Ltd., Archer-Daniels-Midland Company, Associated British Food Plc, Chr Hasen As and Lallemand, Inc. are some of the the top companies in the yeast extracts and beta-glucan market.
The yeast extracts and beta-glucan market is segmented on the basis of product type, application, and region.
China and India are growing at CAGR of 10.2% and 12.1% respectively during the forecast period.
By Region, Asia-Pacific region will dominate the market by the end of 2031.
COVID-19 negatively impacted the yeast extracts and beta-glucan market but after COVID-19 market is expected regain its position by 2023.
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