Yeast Extracts and Beta-Glucan Market By Product Type (Yeast Extract, Yeast Beta-Glucan), By Application (Food & Beverages, Pharmaceutical, Cosmetic, Animal Feed, Others): Global Opportunity Analysis and Industry Forecast, 2020-2031
The global yeast extracts and beta-glucan market was valued at $1,339.6 million in 2020, and is estimated to reach $3,008.1 million by 2031, registering a CAGR of 7.5% from 2022 to 2031.
Yeast is a single-cell microorganism that converts sugar and starch into carbon dioxide bubbles and alcohol. In addition, beta-glucan is immune stimulant, it activates white blood cells for defense against infections and repairs damaged tissues in the body. The market is expected to witness gradual growth, owing to dynamic changes in consumption patterns, rise in consumption of processed food, surge in disposable income, and rise in health conscious population during the forecast period. It can be formulated into different types of medicines, functional foods, and processed foods such as cosmetics, bakery products, and dietary supplements. Health-conscious individuals choose functional foods that keep them healthy and fit. Yeast extracts and beta-glucan are used as flavoring agent in functional food and processed food. . Increase in demand for ready-to-eat food due to increase in the number of working women and rise in urban population has boosted the demand for yeast extracts and beta-glucans. Significant usage of cellulosic biofuels along with the probiotic functional food boosts the market growth. However, dearth of molasses is expected to hamper the market growth as molasses is also used for the production of yeast extracts and beta-glucan. Yeast beta-glucan has been gaining significant traction in the functional food industry as it is used as immune-enhancing food ingredient Major brands have launched various functional food products containing yeast beta-glucan that include functional beverages, nutritional food &dairy, and food & beverages.
Outbreak of COVID-19 has negatively impacted the overall growth of the yeast extracts and beta-glucan market. Various food & beverages manufacturing and distributor companies witnessed decline in sales of the products during lockdown, owing to disruption in the supply chain, staged production units, lack of workers, and consumers opted for home cooking food.
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).
Asia-Pacific has gained considerable traction in the global yeast extracts and beta-glucan market, and is expected to sustain its traction during the forecast period. Asia-Pacific is characterized by largest global population, rise in disposable income, change in consumer lifestyle, surge in health conscious people, and increase in application of yeast extracts and beta-glucan in the foods & beverages industry. Furthermore, the demand for functional food and health nitrifying food has been increasing, owing to rise in awareness regarding the benefits of functional food and increase in expenditure on healthy food products.
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
The study provides an in-depth analysis of the global yeast extracts and beta-glucan market with current trends and future estimations to elucidate the imminent investment pockets in the market.
The report provides information regarding drivers, restraints, and opportunities with impact analysis.
A quantitative analysis from 2020 to 2031 is provided to showcase the financial competency of the market.
Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Competitive intelligence highlights business practices followed by leading market players across various regions.
Key Market Segments
By Product Type
Yeast Extract
Yeast Beta-Glucan
By Application
Food Beverages
Pharmaceutical
Cosmetic
Animal Feed
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Thai Foods International Co., Ltd.
Alltech
Archer-Daniels-Midland Company
Angel Yeast Co., Ltd.
Associated British Food Plc
Chr Hasen As
Lallemand, Inc
Lesaffre ET Compagnie, SA
Nutra Green Biotechnology Co., Ltd.
Specialty Biotech Co., Ltd.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook