According
to a recent market study published by Transparency Market Research,
the global market for yeast extract and beta glucan will rise at a
CAGR of 7.6% from 2015 to 2021. The report, titled “Yeast Extract
and Beta Glucan Market - Global Industry Analysis, Size, Share,
Growth and Forecast 2015 - 2021,” states that the global yeast
extract and beta glucan market will be worth more than US$1 bn by
2021. The market’s valuation in 2014 was US$0.6 bn, as per the
report.
The
report says that the increasing demand for processed foods due to
rapid urbanization has fuelled the global
yeast extract and beta glucan market. In addition,
large-scale utilization of cellulosic biofuels, combined with the
rising popularity of probiotic foods among consumers, has further
augmented the growth of this market. However, as per the report,
scarcity of molasses will hinder the growth of this market during the
forecast horizon.
From
the beginning of the 20th century, experiments with yeast extract
have aroused the interest of researchers for medicinal use. These
experiments were related to the interaction of yeast when
complemented in the blood serum and for pharmaceutical applications
for wound healing and anti-tumor applications. Yeast extracts are a
class of processed yeast products that are obtained by extracting the
content of cell walls of living organisms.
In
terms of the products available in the market, yeast beta glucan,
yeast cell wall, and yeast extract are the segments of the global
yeast extract and beta glucan market. According to the report, in
2014, yeast extract held the largest share in the global market,
which was closely followed by yeast beta glucan. In the 2015-2021
period, yeast extract will exhibit the highest growth rate, at a CAGR
of 7.8%, followed by yeast beta glucan at 7.2%.
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By
application, the global yeast extract and beta glucan market is
divided into beverages, bakery and processed food, pharmaceuticals,
dairy and functional foods, and others (biofuel, animal feed, and
cosmetics). Amongst all, the bakery and processed food segment
dominates the market and is expected to retain its lead position
during the forecast period. However, the cosmetics, animal feed, and
biofuel industries will exhibit a substantial demand for yeast
extract and beta glucan in the coming years.
The
report divides the global market into the regional segments of North
America, Europe, Asia Pacific, and Rest of the World. Of all, Europe
is the largest market for yeast extract and beta glucan and will
display a CAGR of 7.5% between 2015 and 2021. The regions of North
America and Asia Pacific will also display robust growth in this
market during the forecast horizon.
The
report mentions and profiles some of the top players in the global
yeast extract and beta glucan market, which are AHD International
LLC, Angel Yeast Co. Ltd., Alltech Inc., Biotech Pharmacon ASA, Chr.
Hansen A/S, Royal DSM N.V., Bio Springer, AB Mauri, ABF Ingredients,
Lallemand Inc., and Specialty Biotech Co. Ltd.
The
research study has been segmented as below:
Yeast
Extract and Beta Glucan Market, by product type
- Yeast Extract
- Yeast Beta
Yeast
Extract and Beta Glucan Market, by application
- Bakery and Processed Food
- Dairy and Processed Food
- Beverages
- Pharmaceuticals
- Others (animal feed, bio-fuels, cosmetics)
Yeast
Extract and Beta Glucan Market, by geography
- North America
- Europe
- Asia Pacific
- Rest of the World
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