The
yeast extract and beta glucan market is predicted to witness a stable
development owing to the increasing demand for functional foods.
Additionally, the rise in demand for processed food owing to
expanding urbanization has stimulated the demand for ready-made meals
across numerous countries, namely India, Brazil, France, the UK, and
the U.S, among others. Furthermore, increasing demand for the
ingredients used in flavoring in the brewing and baking industry has
also fuelled the market for yeast extract and beta glucan.The global
yeast extract and beta glucan market stood at US$631.5 million in
2014 and is predicted to reach US$1,054.5 million by 2021, expanding
at a 7.6% CAGR between 2015 and 2021.
Yeast
Beta Glucans Act as an Additive; Yeast Extract Acts as an Ingredient
Yeast
and beta glucan are widely utilized in industries. The global yeast
extract and beta glucan market is segmented into two major product
types, namely yeast beta glucans and yeast extract. Yeast beta
glucans act as an additive and yeast extract acts as an ingredient in
the food industry. Amongst these, in 2014, yeast extract constituted
the biggest share in the market and is the most swiftly developing
segment in the total market for yeast extract and beta glucan and is
anticipated to expand at a 7.8% CAGR during the forecast horizon.
Yeast extract is utilized as a natural catalyst in the process of
big-scale fermentation to make probiotics, industrial ethanol, and
nutritious dietary supplements.
On
the other hand, in the same year, yeast beta glucan constituted the
second biggest share in the market for yeast extract and glucan.
Yeast beta glucans are widely utilized for managing ailments such as
hypertension and diabetes. Additionally, they enhance the function of
the immune system by providing immune stimulation.
Bakery
and Processed Food Application Segment Poised to Maintain Superiority
On
the basis of application type, the global market for yeast extract
and beta glucan is segmented into beverages, bakery and processed
food, dairy and functional food products, pharmaceuticals, and others
(including biofuels, animal feed, and cosmetics). Amongst these
application segments, the segment of bakery and processed food is
currently the biggest market and is predicted to maintain its
superiority in the forecast horizon. On the other hand, the others
segment is the most swiftly developing segment and is projected to
experience booming growth in the forecast horizon.
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Europe
Yeast Extract and Beta Glucan Market Emerges as Largest Regional
Market
The
Europe yeast extract and beta glucan market held the biggest share in
the global market and is expanding at a 7.5% CAGR in the forecast
period. In Europe, France led the yeast and beta glucon market,
trailed by Italy and the UK. On the other hand, the North America
yeast extract and glucan market experienced massive sales and this
region is anticipated to expand at a steady CAGR between 2015 and
2021, trailed by Asia Pacific. Canada and the U.S. in North America
are the prime markets, expanding at an 8.3% and 7.3% CAGR,
respectively.
The
prime players dominant in this market are LLC, AHD International, AB
Mauri, Angel Yeast Co. Ltd, Alltech Inc., ABF Ingredients, Biotec
Pharmacon ASA, Lallemand Inc., Bio Springer, Specialty Biotech Co.
Ltd, Royal DSM N.V., and Chr. Hansen A/S.
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