Global Yeast Extract and Beta Glucan Market to Expand at 7.6% CAGR from 2015 to 2021

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.

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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%.

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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This release was published on openPR.