Yeast Extract and Beta Glucan Market Growing due to Rising Consumption of Processed Food & Changing Eating Patterns

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.

A number of developed markets could witness the supremacy of convenience stores, supermarkets, and online stores until the end of 2021. Nonetheless, direct distribution channel has been envisaged to be among the favorites of companies such as Chr. Hansen A/S that vend yeast extract to laboratories cultivating microbes and biopharmaceutical sectors.

TMR has projected the global yeast extract and beta glucan market to bag a revenue of US$1.05 bn by 2021 from a US$0.72 bn in 2016 at a CAGR of 7.6% between 2015 and 2021. Throughout the forecast horizon, yeast extract could attract a handsome demand while expanding at a quicker CAGR of 7.8% while tapping into the lucrative food and beverages sector. Although Europe could be a larger regional market, it has been expected to lose share to the more promising North America and Asia Pacific regions.

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).

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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.

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.

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.