Yeast Extract and Beta Glucan Market to Grow owing to Increasing Demand from Brewing and Baking Industry

2024-10-28 10:32:55 Lifestyle

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The yeast extract and beta glucan market is predicted to witness a stable development owing to the increasing demand for functional foods. Additionally, the rise in demand for processed food owing to expanding urbanization has stimulated the demand for ready-made meals across numerous countries, namely India, Brazil, France, the UK, and the U.S, among others. Furthermore, increasing demand for the ingredients used in flavoring in the brewing and baking industry has also fuelled the market for yeast extract and beta glucan.The global yeast extract and beta glucan market stood at US$631.5 million in 2014 and is predicted to reach US$1,054.5 million by 2021, expanding at a 7.6% CAGR between 2015 and 2021.

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Yeast Beta Glucans Act as an Additive; Yeast Extract Acts as an Ingredient

Yeast and beta glucan are widely utilized in industries. The global yeast extract and beta glucan market is segmented into two major product types, namely yeast beta glucans and yeast extract. Yeast beta glucans act as an additive and yeast extract acts as an ingredient in the food industry. Amongst these, in 2014, yeast extract constituted the biggest share in the market and is the most swiftly developing segment in the total market for yeast extract and beta glucan and is anticipated to expand at a 7.8% CAGR during the forecast horizon. Yeast extract is utilized as a natural catalyst in the process of big-scale fermentation to make probiotics, industrial ethanol, and nutritious dietary supplements.

On the other hand, in the same year, yeast beta glucan constituted the second biggest share in the market for yeast extract and glucan. Yeast beta glucans are widely utilized for managing ailments such as hypertension and diabetes. Additionally, they enhance the function of the immune system by providing immune stimulation.

Bakery and Processed Food Application Segment Poised to Maintain Superiority

On the basis of application type, the global market for yeast extract and beta glucan is segmented into beverages, bakery and processed food, dairy and functional food products, pharmaceuticals, and others (including biofuels, animal feed, and cosmetics). Amongst these application segments, the segment of bakery and processed food is currently the biggest market and is predicted to maintain its superiority in the forecast horizon. On the other hand, the others segment is the most swiftly developing segment and is projected to experience booming growth in the forecast horizon.

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Europe Yeast Extract and Beta Glucan Market Emerges as Largest Regional Market

The Europe yeast extract and beta glucan market held the biggest share in the global market and is expanding at a 7.5% CAGR in the forecast period. In Europe, France led the yeast and beta glucon market, trailed by Italy and the UK. On the other hand, the North America yeast extract and glucan market experienced massive sales and this region is anticipated to expand at a steady CAGR between 2015 and 2021, trailed by Asia Pacific. Canada and the U.S. in North America are the prime markets, expanding at an 8.3% and 7.3% CAGR, respectively.

The prime players dominant in this market are LLC, AHD International, AB Mauri, Angel Yeast Co. Ltd, Alltech Inc., ABF Ingredients, Biotec Pharmacon ASA, Lallemand Inc., Bio Springer, Specialty Biotech Co. Ltd, Royal DSM N.V., and Chr. Hansen A/S.