Global Yeast Extract and Beta Glucan Market: Skyrocketing Popularity of Probiotic Functional Food Enhances Growth Prospects, finds TMR

The global yeast extract and beta glucan market could be bolstered by the presence of robust distribution channels, according a report by Transparency Market Research (TMR). Several distribution channels have been anticipated to win the attention of leading players operating in the market. Sainsbury’s, Carrefour, Walmart, and other mammoth retailers could select superstores and retail chains to sell yeast extract. However, the British Food Depot and giant online stores such as Amazon have been predicted to be other profitable means of selling yeast extract.

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.

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Growth of Processed Food Supported by Vast Urbanization Swells Demand

The authors of the report have foreseen the world yeast extract and beta glucan market to testify a growing demand on the back of the rise of processed food. This could be due to the augmenting level of urbanization in key regional markets. The growth of the market has been envisioned to be furthered by the propelling attractiveness of probiotic functional food among consumers and widespread engagement of cellulosic bio-fuels.

A wide and varying scope of applications including cosmetics, bio-fuels, and animal feed, pharmaceuticals, beverages, dairy and functional food products, and bakery and processed food could be vital for vendors to take advantage of. Amongst these, cosmetics, bio-fuels, and animal feed have been foretold to testify a surging growth in the coming years. Nevertheless, the world yeast extract and beta glucan market could see the enduring dominance of bakery and processed food until the concluding forecast year.

Yeast extract could find a widespread application in the food and beverages sector as an ingredient. The usage of yeast extract has been analyzed to increase at a telling rate in various products such as sauces, soups, snacks, ready-to-eat repasts, baked and frozen products, and functional foods and drinks.

Dearth of Mandatory Raw Material Cuts Back Growth

The scarcity of molasses, which is studied to be an imperative raw material for yeast extract, has been forecasted to hamper the growth of the worldwide yeast extract and beta glucan market. Having that mentioned, the analysts have prophesied sufficient growth opportunities to be fleshed out in the market. Several new solutions in the processed food sector could be birthed with the employment of yeast extract and yeast beta glucan. Untapped verticals such as dietary supplements and medicines could also offer ample of prospects in future, considering the wide-ranging applications of yeast extract and its derivatives.

The information presented in this review is based on a TMR report, titled “Yeast Extract and Beta Glucan Market (Type - Yeast Extract and Yeast Beta; Application - Bakery and Processed Food, Dairy and Functional Foods Products, Beverages, Pharmaceuticals, and Animal Feed, Bio-fuels, and Cosmetics) - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021.”

The global yeast extract and beta glucan market has been segmented as presented below:

Global Yeast Extract and Beta Glucan Market by Product

• Yeast Extract
• Yeast Beta

Global Yeast Extract and Beta Glucan Market by Application

• Bakery and Processed Food
• Dairy and Functional Food Products
• Beverages
• Pharmaceuticals
• Animal Feed, Bio-fuels, and Cosmetics

Yeast Extract and Beta Glucan Market to Grow owing to Increasing Demand from Brewing and Baking Industry

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.