Yeast Extract and Beta Glucan Market
Yeast Extract and Beta Glucan Market By Type( Yeast extract, Yeast beta glucan) By Appilication ( Bakery and processed food , Dairy and functional foods products , Beverages , Pharmaceuticals)-Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021
- Food & Beverages
- 88 Pages
Global Yeast Extract and Beta Glucan Market: Snapshot
The global yeast extract and beta glucan market is envisaged to win over a mega growth on the back of an augmenting employment of cellulosic bio-fuels and want for probiotic functional food. Additionally, on account of surging industrialization, the demand for processed food has soared to new heights. As a result, the market could be motivated for more growth. However, one of the major barriers on the growth path of the market is expected to be the paucity of a mandatory yeast extract raw material, i.e. molasses. Nevertheless, manufacturers are expected to keep their hopes alive with opportunities in the processed food sector for novel solutions and various applications of yeast extract and its derivatives.
According to an expert research analysis, the world yeast extract and beta glucan market could attract a valuation of US$1.05 bn by the concluding forecast year 2021. In 2016, the market had attained a revenue figure of US$0.72 bn. For the forecast period 2015–2021, the CAGR anticipated for the market is 7.6%.
Yeast Extract Dominates Beta Glucan with Weighty Demand in Food and Beverage
Amongst the two products available in the global yeast extract and beta glucan market, yeast extract is envisioned to rake in a herculean revenue share of close to 80.0% by 2021. In the starting year of the forecast period, the market share scenario was more or less the same, which depicts the dominance of the yeast extract product type segment.
Much of the demand for yeast extract could be attributed to its broad scope of applications in various sectors. For instance, depending on the extraction method, it is possible to use yeast extract in the hydrolyzed or autolyzed form with each of them having different applications. In the personal care sector, hydrolyzed yeast extract is utilized in the production of hair conditioning and anti-static products. It is also used a flavoring agent in recipes. Autolyzed yeast extract, on the other hand, could be engaged as an inexpensive alternative to monosodium glutamate (MSG).
While yeast extracts may not be used as flavor enhancers, they find extensive usage as ingredients in the food and beverage sector. Functional foods and drinks, baked and frozen products, ready-to-eat meals, snacks, soups, and sauces all use yeast extracts at a significant rate.
Europe and Rest of the Word Surrender Share to Asia Pacific and North America
Riding on primary contributors such as Thailand, Japan, South Korea, India, and China, Asia Pacific is prophesied to make the cut in the international yeast extract and beta glucan market alongside North America. Both the regional markets could secure as good as a 50.0% share by the end of the forecast period. Europe is prognosticated to be crowned as a single leading market share holder throughout the forecast years. The demand in these regions could be due to the use of yeast extract and beta glucan in the preparation of dairy products, alcoholic beverages, and medicines. There is a rising demand predicted to take precedence in the baking and brewing sector.
An interesting part pointed out by this geographical analysis is the trend of Europe and Rest of the World losing their shares to the promisingly growing markets of Asia Pacific and North America by 2021. By application, the bakery and processed food segment is projected to be valued at a higher revenue in Asia Pacific. Preference for convenience food products, swelling population size, changing food habits, and elevating disposable income are some of the factors influencing the growth of Asia Pacific.
Global Yeast Extract and Beta Glucan Market: Overview
The global yeast extract and beta glucan market has grown steadily over the past few years. This trend is expected to continue over the forecast period due to rising consumption of processed food, changing eating patterns, and rising disposable income. Growing demand for ready-to-eat foods due to rising urban population and increasing number of working women has had a positive impact on the demand for yeast extracts and yeast beta glucans. Yeast extracts and yeast beta glucans are used for industrial as well as commercial purposes. Yeast extracts are used as flavoring ingredients in the baking and brewing industry. In addition, yeast extracts and yeast beta glucans are used as natural catalysts to produce probiotics, industrial ethanol, and nutritional dietary supplements. Rising obesity, high cholesterol levels and diabetes has propelled the usage of yeast beta glucans for making medicines. These are also used in immune stimulation to boost the immune system.
Increasing demand for probiotic functional foods has a positive impact on the demand for yeast extract and beta glucans. Health conscious consumers opt for functional foods that help them to keep fit and healthy. However, shortage of molasses is one of the restraining factors of the yeast extract and beta glucans market. Yeast extracts and beta glucans are expected to find usage in various application sectors such as medicines, cosmetics, and dietary supplements in the near future.
In terms of product type, the market is segmented into yeast extract, yeast beta glucans, and yeast cell wall. In this report, the yeast extract and beta glucans market is categorized into three segments: (i) by product type; (ii) by application and (iii) by geography. Based on application, the market is categorized into bakery and processed food, dairy and functional foods products, beverages, pharmaceuticals among others. The report also covers drivers, restraints and opportunities (DROs) of the yeast extract and beta glucans market. The study highlights current market trends and provides the forecast from 2015 to 2021. We have also covered the current market scenario for yeast extract and beta glucans and highlighted future trends that are likely to affect their demand.
By geography, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Each region is further segmented country-wise to highlight market share of yeast extract and beta glucans in each country. The study covers major countries such as the U.S., Mexico and Canada in North America; Japan, China, and India in Asia Pacific; the U.K., Italy, and France in Europe; and Latin America, the Middle East and Africa under RoW. The market size and forecast from 2015 to 2021 have been provided in the report.
Under scope, different influencing and inhibiting growth factors of the yeast extract and beta glucans market are analyzed. The market attractiveness analysis provided in the report highlights key investing areas in this industry. The report will help yeast extract and beta glucans manufacturers, suppliers, and distributors understand the present and future trends in this market and formulate their business strategies accordingly.
Some of the key players in this market include Associated British Foods Plc., Lesaffre, DSM, Angel Yeast Co. Ltd., Bio Springer, and Royal DSM N.V. among others. Yeast is sold through different distribution channels such as retailers, departmental stores, and supermarkets. The existence of a strong distribution channel is among the key drivers behind the growth of the yeast extract and beta glucans market. Large retailers such as Walmart, Carrefour, and Sainsbury’s sell yeast extract through retail chains and superstores. Yeast extract is also sold through online stores such as Amazon.com and the British Food Depot. Yeast extract manufacturers such as Chr. Hansen A/S often select the direct distribution channel to sell yeast extract to bio-pharmaceutical industries and laboratories that cultivate microbes. Online stores, supermarkets and convenience stores are expected to dominate the distribution channels by 2021 in several developed countries.
The scope of the study presents a comprehensive evaluation of the stakeholder strategies and winning imperatives for them by segmenting the yeast extract and beta glucan market as below:
Global yeast extract and beta glucan market has been segmented as follows:
- Global yeast extract and beta glucan market, by product type
- Yeast extract
- Yeast beta
- Global yeast extract and beta glucan market, by application type
- Bakery and Processed Food
- Dairy and functional food products
- Others (animal feed, bio-fuels, cosmetics etc)
In addition, the report provides cross-sectional analysis of all the above segments with respect to the following geographies:
- Global yeast extract and beta glucan, by geography
- North America
- Rest of Europe
- Rest of Europe
- Rest of the World (RoW)
- Latin America
- Middle East
- North America
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.