Beta-glucans obtained from yeasts, fungi,
bacteria, plants, and algae are rich sources of fiber and hence very beneficial
for human health. With the growing geriatric population and the millennials
inclining towards health and wellness, the dietary habits of the people in the world are
changing, which in return, is also influencing the pharmaceutical sector. These
are leading to the discovery of new medicines, food choices, and others
involving beta-glucans and others derived from yeast. Hence, the global yeast
extracts and the beta-glucan market is expanding.
Recently, a research report showed the cholesterol-lowering effect of beta-glucan extracted from Saccharomyces cerevisiae, found in rats. Also, another research presented that dietary supplementation of yeast extracted beta-glucan and Thai black rice bran extracts protect the dextran sodium sulfate mediated colitis induced rat. These innovations and breakthrough will benefit the pharmaceutical industry in producing new medicines for the betterment of the population. Hence, the yeast extracts and beta-glucan market will flourish in the upcoming years.
On the other hand, the latest FDA approved weight management pill called Plenity involving citric acid, extracted from yeast is set to attract consumers. Almost 39% of adults aged 18 years and over were overweight in 2016, and 13% were obese. With the discovery of the weight loss pill, the yeast extract and beta-glucan market is going to experience extreme growth in the forthcoming years.
As of 2018, the Yeast Extract and Beta-Glucan Market size was evaluated at $7.70 billion, which is expected to
witness increment at a CAGR of 6.5% during the forecast period 2019-2025.
Yeast Extracts and Beta-Glucan Market Analysis: Key Application
Beta-glucan extracted from yeast can be used in multiple ways. However, soluble beta-glucan is gaining appeal from all sectors because of its diverse utilities. Recently, research showed that healthier wheat grains can be developed with higher levels of soluble beta-glucan, which can help in lowering blood cholesterol. The significant utilization of soluble beta-glucan in several sectors supporting the yeast extracts and beta-glucan market is projected to witness growth a CAGR of 6.8% during the forecast period 2019-2025.
Yeast Extracts and Beta-Glucan Market Overview:
In 2018, Europe bagged the largest yeast extracts and beta-glucan market share with almost 35.16% amidst the global market. The demand in this region is due to the high preparation of dairy products, alcoholic beverages, and medicines. Yeast beta-glucan has the potential to fortify and support the immune system and therefore, there is an extreme demand for it in the pharmaceutical consumer market. Also, there is a growth of its demand in the sports nutrition sector, for the ones who want to perform with healthy as well as a robust immune system.
Beta-glucan extracted from nutritional yeast are extensively used in dietary products, bakery products, which are in extreme demand in the European region. Europe's milk output reached 224 million tons in 2017 and cheese trade increased by 3.7%. These dairy products deploy the yeast extracts and beta-glucan for manufacturing several products, thereby supporting the Europe yeast extracts and beta-glucan market. On the other hand, Europe is the largest market for the bakery. The European volume of bread is expected to reach 10.64 million tons by 2021. The bakery industry heavily implements yeast extracts and beta-glucan for manufacturing of breads, butter, and others. Hence, the Europe yeast extracts and beta-glucan market players are going to get benefited in the upcoming years.
Moreover, research shows radiation degradation of beta-glucan extracted from Brewer’s Yeast can enhance growth promotion and immunostimulant activities on broilers. On the other hand, Canada’s malting and brewing industry is extensive and is worth $2.9 billion annually, and the latest innovation with beta-glucan will make it larger and upgraded. A higher concentration of thaumatin-like protein (TLP8) can balance beta-glucan levels improving the brewing process and beer quality. Eastern Europe is the highest alcohol intake region with 14-17 liters per person per year. This innovation will enhance the Europe alcohol industry, supporting the yeast extracts and beta-glucan market of the region.
Yeast Extracts and Beta-Glucan Market Trends & Growth Drivers:
The changing food and beverage sector across the world is going to create a demand influx in the yeast extracts and beta-glucan market. Frozen products, convenience food, processed food, and others extensively use yeast extracts such as citric acid, glutamic acid, amino acid, and others.
While the global food processing industry is growing by leaps and bounds, 42 mega food parks are being set up in India with an investment of $750 million, and several governmental policies are being deployed to expand the Indian gourmet food sector. Processed food heavily implement the usage of yeast extracts and beta-glucan.
Also, the global frozen food market size in 2018 stood between $225 billion to $228 billion, which is projected to grow steadily with a normal CAGR of 3.5%-5% during the forecast period of 2019-2025. Frozen foods have yeast extracts and beta-glucan as preservatives and food manufacturing agents.
Besides convenience food retail market is estimated to surpass $1,128.6 billion by 2025, growing at a CAGR of 4.49% during the forecast period 2018–2025. The outgrowing trend of foodservice systems is going to positively affect the yeast extracts and beta-glucan market, as processed food involves yeast extracts and beta-glucan. The global foodservice packaging market estimated at around 71 billion in 2018 and is projected to grow at a CAGR of 5.56% during the forecast period 2019-2025.
On the other hand, there is a growing trend of consuming nutritional yeast cheesy, savory flavor in vegan foods. There's been a 600% increase in people identifying as vegans in the US in the last three years. This growth is expected to continue in the upcoming years. Therefore, the global yeast extract and beta-glucan market is expected to witness extreme demand influx in the upcoming years.
Yeast Extracts and Beta-Glucan Market: Competitive Landscape
The principal business leaders who are currently holding maximum yeast extracts and beta-glucan market shares in the world and are focusing on the expansion of their manufacturing capacity to gain an edge over other market players are Ohly, Lesaffre, Chr. Hansen A/S, Angel Yeast Co., Ltd, Biotec Pharmacon, Lallemand Brewing, Specialty Biotech Co.,LTD., AB Mauri India Private Limited, Alltech Inc., Thai Foods International Co., Ltd., Fuji Foods Corporation, Sensient Technologies Corporation (BioNutrients), Nutra Green Biotechnology Co.,Ltd., and others.
Talk to one of our sales representative about the full report by providing your details in the link below:
a) Food Safety Testing Market
b) Animal Feed Safety Testing Market
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
To request for a quote, provide your details in the below link:
Mr. Venkat Reddy
Email: [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.