Transparency
Market Research (TMR) estimates that the global yeast extract and
beta glucan market is anticipated to register robust growth in the
near future. Yeasts display highly diverse nature in different
conditions and find applications in various industries such as
processed foods and functional foods and pharmaceuticals. Thus, there
is a high adoption of yeast extract and beta glucan in these
industries. They are used in households as well to formulate them
into different types of products. For instance, vegemite, a source of
yeast, is used from home brew alcohol production in many parts of the
Australian continent.
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As per a new study by TMR, the global yeast extract and beta glucan
market stood at US$677.6 mn in 2015 and is anticipated to rise to
US$1,054.5 mn by the end of 2021, expanding at a CAGR of 7.6% between
2015 and 2021.
How is food and beverage industry influencing the growth of the
global yeast extract and beta glucan market?
The augmented use of yeast extract and beta glucan in processed foods
and functional foods owing to the growing popularity of probiotic
functional food among consumers is boosting the growth of the global
yeast extract and beta glucan market. Yeast extracts find
applications as flavoring ingredients in the brewing and baking
sector. Also, the use of nutritional dietary supplements, industrial
ethanol, and probiotics as natural catalysts is boosting the growth
of the global yeast extract and beta glucan market. Moreover, the
surging demand for fuel has led to the extensive usage of cellulosic
biofuels, which are obtained from yeast extract. Thus, the increasing
demand for yeast extract and beta glucan is propelling the growth of
the global
yeast extract and beta glucan market.
Why is the demand for yeast extract and beta glucan from the
pharmaceutical industry increasing exponentially?
The adoption of yeast extract and beta glucan in pharmaceuticals is
also likely to increase manifolds in the forthcoming year. Yeast beta
glucan is gaining prominence in the pharmaceutical sector owing to
its ability to manage high cholesterol and diabetes and boosting
immunity. Due to the growing prevalence of cancer, yeast beta glucan
is largely used in preventing radiation-related injury. It also finds
a place in the prevention of pathogenic infections and sepsis caused
by surgery. In recent times, clinical advancements have boosted the
growth of the global yeast extract and beta glucan market. To put
this in perspective, in August 2016, a team of researchers at the
U.S. Department of Energy Joint Genome Institute (DOE JGI) mapped
various metabolic pathways to yeast growth profiles that will improve
its biotech uses in the coming years.
The manufacturers operating in the global yeast extract and beta
glucan market are likely to avail untapped opportunities in sectors
such as cosmetics, beverages, and dietary supplements. This factor is
anticipated to bolster the growth of the global yeast extract and
beta glucan market.
What are the trends observed across various regions in the global
yeast extract and beta glucan market?
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