The Europe Yeast Extracts and Beta-Glucan Market is expected to witness market growth of 7.3% CAGR during the forecast period (2022-2028).
The rising demand for functional probiotic ingredients is expected to boost the worldwide yeast extract and beta-glucan demand. Additionally, yeast extracts are widely employed in numerous European cuisines to add taste to a variety of savory foods, marinated meats, sauces, marinated meats, stews, and bouillons. They are used in the production of wine, beer, and bread on a substantial scale, in addition, to be utilized in family cookery. The growing utilization of yeast extracts and beta-glucan across the food and beverage sector to round out the taste of food or impart umami flavor has boosted the market for yeast extracts and beta-glucan. The yeast extract and glucan sector have benefited greatly from consumer-driven food product reformulations in search of healthier but tasty foods and beverages. Because of promises regarding its health benefits, the habit of taking beta-glucan supplements is gaining traction. Beta-glucan's application as a food additive in the food and beverage sector is expected to boost the growth of the market.
The rise in the demand for clean-label food items and functional foods is a major factor that is significantly propelling the growth of the regional market. There is a high adoption and acceptance of newly launched food products in the functional food and beverage sector in this market. Consumers' busy and hectic lifestyles in Europe, as well as an increase in health-conscious people, are driving the demand for yeast extracts and beta-glucan in the region.
Government initiatives connected to public healthcare, surging demand for convenient food products, as well as an increase in the requirement for functional foods are estimated to drive the growth of the regional yeast extracts and beta-glucan market. Moreover, one of the most significant reasons that are contributing to the increasing demand for yeast extracts and beta-glucan is the increasing disposable income of the women across the region.
The Germany market dominated the Europe Yeast Extracts and Beta-Glucan Market by Country in 2021, and is expected to continue to be a dominant market till 2018; thereby, achieving a market value of $181.9 Million by 2028. The UK market is estimated to grow at a CAGR of 6.4% during (2022-2028). Additionally, The France market is expected to display a CAGR of 8.1% during (2022-2028).
Based on Type the market is segmented into Yeast Extract and Yeast Beta-Glucan. Based on Application, the market is segmented into Food & Beverages, Animal Feed, Pharmaceutical, Cosmetic, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Chr. Chr. Hansen holding A/S, Associated British Foods PLC (Wittington Investments Limited), Archer Daniels Midland Company, Alltech, Inc., Thai Foods International Co., Ltd., Nutra Green Biotechnology Co., Ltd., Lesaffre Group, Angel Yeast Co., Ltd., Lallemand, Inc., and Specialty Biotech Co., Ltd.
By Type
By Country
The rising demand for functional probiotic ingredients is expected to boost the worldwide yeast extract and beta-glucan demand. Additionally, yeast extracts are widely employed in numerous European cuisines to add taste to a variety of savory foods, marinated meats, sauces, marinated meats, stews, and bouillons. They are used in the production of wine, beer, and bread on a substantial scale, in addition, to be utilized in family cookery. The growing utilization of yeast extracts and beta-glucan across the food and beverage sector to round out the taste of food or impart umami flavor has boosted the market for yeast extracts and beta-glucan. The yeast extract and glucan sector have benefited greatly from consumer-driven food product reformulations in search of healthier but tasty foods and beverages. Because of promises regarding its health benefits, the habit of taking beta-glucan supplements is gaining traction. Beta-glucan's application as a food additive in the food and beverage sector is expected to boost the growth of the market.
The rise in the demand for clean-label food items and functional foods is a major factor that is significantly propelling the growth of the regional market. There is a high adoption and acceptance of newly launched food products in the functional food and beverage sector in this market. Consumers' busy and hectic lifestyles in Europe, as well as an increase in health-conscious people, are driving the demand for yeast extracts and beta-glucan in the region.
Government initiatives connected to public healthcare, surging demand for convenient food products, as well as an increase in the requirement for functional foods are estimated to drive the growth of the regional yeast extracts and beta-glucan market. Moreover, one of the most significant reasons that are contributing to the increasing demand for yeast extracts and beta-glucan is the increasing disposable income of the women across the region.
The Germany market dominated the Europe Yeast Extracts and Beta-Glucan Market by Country in 2021, and is expected to continue to be a dominant market till 2018; thereby, achieving a market value of $181.9 Million by 2028. The UK market is estimated to grow at a CAGR of 6.4% during (2022-2028). Additionally, The France market is expected to display a CAGR of 8.1% during (2022-2028).
Based on Type the market is segmented into Yeast Extract and Yeast Beta-Glucan. Based on Application, the market is segmented into Food & Beverages, Animal Feed, Pharmaceutical, Cosmetic, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Chr. Chr. Hansen holding A/S, Associated British Foods PLC (Wittington Investments Limited), Archer Daniels Midland Company, Alltech, Inc., Thai Foods International Co., Ltd., Nutra Green Biotechnology Co., Ltd., Lesaffre Group, Angel Yeast Co., Ltd., Lallemand, Inc., and Specialty Biotech Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Yeast Extract
- Yeast Beta-Glucan
- Food & Beverages
- Animal Feed
- Pharmaceutical
- Cosmetic
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Chr. Hansen holding A/S
- Associated British Foods PLC (Wittington Investments Limited)
- Archer Daniels Midland Company
- Alltech, Inc.
- Thai Foods International Co., Ltd.
- Nutra Green Biotechnology Co., Ltd.
- Lesaffre Group
- Angel Yeast Co., Ltd.
- Lallemand, Inc.
- Specialty Biotech Co., Ltd.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. Europe Yeast Extracts and Beta-Glucan Market by Type
Chapter 5. Europe Yeast Extracts and Beta-Glucan Market by Application
Chapter 6. Europe Yeast Extracts and Beta-Glucan Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Chr. Hansen holding A/S
- Associated British Foods PLC (Wittington Investments Limited)
- Archer Daniels Midland Company
- Alltech, Inc.
- Thai Foods International Co., Ltd.
- Nutra Green Biotechnology Co., Ltd.
- Lesaffre Group
- Angel Yeast Co., Ltd.
- Lallemand, Inc.
- Specialty Biotech Co., Ltd.
Methodology
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