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.
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.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: YEAST EXTRACTS AND BETA-GLUCAN MARKET, BY PRODUCT TYPE
CHAPTER 5: YEAST EXTRACTS AND BETA-GLUCAN MARKET, BY APPLICATION
CHAPTER 6: YEAST EXTRACTS AND BETA-GLUCAN MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Yeast Extracts and Beta-Glucan Market,' the 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, growing at a CAGR of 7.5% from 2022 to 2031.The global yeast extracts and beta-glucan market is driven by factors such as rise in demand for yeast extract and beta-glucan among health-conscious consumers. In addition, increase in applications of yeast and specialty yeast products in the food & beverages industry and continuous investments in R&D for the development of new products boost the market growth. Furthermore, increase in cholesterol levels and rise in incidences of obesity & diabetes have driven the market of yeast extract and beta-glucans to produce medicines, which are used to boost immunity. Increase in demand for ready-to-eat foods due to rise in population of working women and upsurge in urban population have fueled the demand for yeast extracts and beta-glucans. The demand for yeast extract and beta-glucan products has increased due to changes in eating patterns and rise in consumption of processed food along with high disposable income in developing countries. Moreover, increasing e use of yeast extract in the processed food industry has led to spiraling increase in the number of yeast manufacturers. However, shortage of molasses and easy availability of feasible substitutes in terms of sources of raw materials have affected the sales of yeast extract and beta-glucan manufacturers to develop differentiated products. Conversely, the untapped sectors for yeast extracts applications provide significant opportunities for development of the market players.
Outbreak of COVID-19 negatively affected the growth of the yeast extracts and beta-glucan market in 2020. Demand for yeast extracts and beta-glucan from food & beverage industry and cosmetic industry declined, owing to stagnation in the export and import activities, supply chain disturbances, lack of labor, and halted production facilities.
The yeast extracts and beta-glucan market is segmented on the basis of product type, application, and region. Depending on product type, it 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).
According to the yeast extracts and beta-glucan market trends, on the basis of product type, the yeast extract segment was the highest contributor to the market, with $1,091.9 million in 2020, and is estimated to reach $2,317.5 million by 2031, at a CAGR of 6.9% during the forecast period. Yeast extracts have been gaining major popularity in the food & beverages sector as it is one of the key aromatic natural ingredients used in flavorful dishes and drinks by various food & beverages companies. In addition, it is used to enhance the taste and texture of food products, including ready-to-eat products, dairy, and bakery food products. Furthermore, easy availability and cost-effective prices of resources form which yeast extract is obtained that includes saccharides and other sugar derivatives favor the growth of the market during the forecast period.
According to the application, the cosmetic segment was the significant contributor to the market, and is estimated to reach $272.1 million by 2031, at a CAGR of 9.3% during the forecast period. Yeast extracts and beta-glucan are significantly used in the cosmetics industry, which boosts the immune function of the skin, thereby reducing allergy triggers. They have a moisturizing and anti-inflammatory effects which strengthen the skin’s immune system. They are used as bio-surfactant and moisturizing agent, thus making yeast extract as a good candidate to infuse into lotions and creams.
Region wise, Europe has gained major yeast extracts and beta-glucan market share and is expected sustain its share yeast extracts and beta-glucan market forecast period. This is majorly attributed to increase in demand for clean label food products and functional food. High adoption and acceptance for newly launched food products in the category of functional food & beverages offer remarkable opportunities for the growth of the yeast extract and beta glucan market. Busy lifestyle of consumers in Europe and rise in health conscious population are the major factors that fuel the Europe yeast extracts and beta-glucan market growth.
The players operating in the yeast extracts and beta-glucan industry have adopted product launch and business expansion as their key 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 FINDINGS OF THE STUDY
The yeast extracts and beta-glucan market size 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.In 2020, depending on product type, the yeast beta glucan segment acquired247.7 million, garnering 18.5% of the global market share.
In 2020, on the basis of application, the pharmaceuticals segment acquired177.4 million, exhibiting 13.3% of the global market share.
U.S. was the most prominent market in North America in 2020, and is projected to reach $613.8 million by 2031, growing at a CAGR of 6.7% during the forecast period.
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 104 |
| Published | March 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 1339.6 million |
| Forecasted Market Value ( USD | $ 3008.1 million |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
