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The Yeast Extract and Beta-Glucate Market size is predicted to reach $6.9 billion by 2030, growing at a CAGR of 4.8% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The Yeast Extracts and beta-glucan market is experiencing significant growth driven by rising demand in the food and beverage, pharmaceutical, and cosmetic industries. Key trends include the increasing preference for natural and clean-label ingredients, bolstering the market for yeast extracts as flavor enhancers and nutrient supplements. Additionally, the health benefits of beta-glucans, such as immune system support and cholesterol reduction, are propelling their use in functional foods and nutraceuticals. Technological advancements in extraction processes and expanding applications in animal feed are further contributing to market expansion, finds IndustryARC in its recent report, titled “Yeast Extracts and Beta Glucate Market – By Type (Baker’s Yeast, Wine Yeast, Brewer’s Yeast, Feed Yeast, Bioethanol Yeast, Others), By Product Type (Yeast Extract, Yeast Beta Glucan), By Form (Liquid Yeast, Fresh Yeast, Crumbled Yeast, Active Dry Yeast, Instant Dry Yeast, Frozen Semi Dry Yeast, Genetically Modified Yeast, Others), By Application ((Food and Beverages (Alcoholic Beverages, Non-Alcoholic Beverages, Nutritional Supplements, Canned and Frozen Foods, Bakery/Snacks & Savory, Others), Pharmaceuticals, Biofuels, Animal Feed, Others), By Geography – North America, South America, Europe, APAC, RoW Opportunity Analysis & Industry Forecast, 2024-2030”
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North America to Register Highest Growth:
APAC is anticipated to experience the highest growth of CAGR of 10.2% in the Yeast Extracts and Beta Glucate market between 2024 and 2030. The Asia Pacific region is projected to witness substantial growth in the yeast extracts and beta-glucan market. This surge is attributed to the increasing geriatric population that prefers nutritional supplements for health maintenance. Additionally, the region benefits from improved availability of these products, making them more accessible to consumers. A significant rise in research and development activities aimed at launching innovative products further propels market growth. The combination of these elements positions the Asia Pacific region as the fastest-growing market for yeast extracts and beta-glucan, catering to the evolving demands of its health-conscious population and enhancing its market presence globally.
Yeast Extracts and Beta Glucate Market 2024-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
4.8% |
|
Market Size in 2030 |
$6.9 billion |
|
Segments Covered |
By type, By product type, By Form, by Application, Region |
|
Geographies Covered |
North America, South America, Europe, APAC, RoW |
|
Key Market Players |
1. Kerry Group PLC, 2. Synergy Ltd., 3. Associated British Foods PLC, 4. DSM 5. Angel Yeast Co. Ltd, 6. Lesaffre Yeast Corporation, 7. Lallemand Inc., 8. Alltech Inc., 9. Wyeast Laboratories Inc., 10. Danisco A/S |
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Yeast Extracts and Beta Glucate Market Report – Key Takeaways:
Baker’s Yeast to Register Highest Growth
By type, the baker’s yeast segment is analyzed to grow with the highest CAGR of 8.2% in the Yeast extracts and beta-glucan market during the forecast period 2024-2030. Baker’s yeast is emerging as the fastest-growing segment in the, driven by its versatile applications across food and beverage industries. As consumer preferences shift towards natural ingredients and clean-label products, baker’s yeast, known for its rich nutrient profile and functional benefits, is increasingly used in baking processes to enhance flavor, texture, and nutritional value. Additionally, its beta-glucan content makes it valuable in dietary supplements, where it promotes immune support and cardiovascular health. The rising demand for bakery products, coupled with the expanding use of yeast extracts in savory applications like soups and sauces, further amplifies the growth of this segment. As health-conscious consumers seek healthier food choices, baker’s yeast continues to play a pivotal role in meeting these evolving market trends.
Pharmaceutical Segment to Register Highest Growth
The pharmaceutical segment is estimated to dominate the market share of 40.1.2% in 2023. The pharmaceutical segment of the yeast extracts and beta-glucan market is witnessing significant growth due to the rising demand for beta-glucans derived from yeast. These compounds are prized for their immune-boosting properties, making them ideal candidates for nutraceuticals and dietary supplements aimed at enhancing immune function. Moreover, beta-glucans from yeast show promise in cardiovascular health supplements, where their cholesterol-lowering effects and potential to improve heart health are increasingly recognized. This dual functionality underscores their appeal in pharmaceutical applications, catering to the growing consumer interest in proactive health management through natural and effective ingredients.
Stringent regulations
Regulatory compliance in the Yeast extract and beta- glucate market is stringent, with varying health claim regulations and product safety standards across regions. In the EU and US, products must meet stringent criteria for health claims, ensuring scientific substantiation and consumer safety. Labeling requirements mandate clear and accurate information on product composition and intended use. Asia-Pacific regions often have distinct regulatory frameworks, necessitating compliance with local health and safety standards. Manufacturers must navigate these regulations to ensure their products meet market entry requirements and consumer expectations, reflecting a commitment to transparency and regulatory adherence across global markets.
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Key Opportunity Analysis:
Innovations in Product Development:
Innovations in product development within the yeast extracts and beta-glucan market focus on creating formulations tailored to specific applications. For instance, new dietary supplements leverage yeast extract and beta glucan to deliver targeted health benefits, such as immune system support and improved gut health. These innovative formulations aim to enhance the nutritional profile and efficacy of supplements. In the food industry, advancements are directed towards developing yeast extracts that provide enhanced flavor profiles, allowing for the reduction of salt and artificial additives without compromising taste. These innovations not only cater to health-conscious consumers but also meet the growing demand for clean-label and functional food products, driving market growth and diversification.
Increasing Demand in Animal Feed:
The Yeast Extracts and Beta-Glucans market is witnessing rising demand in animal feed applications. Yeast Extracts serve as valuable feed additives, promoting growth and enhancing digestive health in livestock and poultry. They contribute to improved nutrient absorption and overall animal well-being. Meanwhile, Beta Glucans, known for their immunostimulant properties, are increasingly incorporated into animal feed formulations. These compounds bolster immune responses, thereby enhancing disease resistance and productivity in animals. As the livestock and poultry industries prioritize health and efficiency, the market for Yeast Extracts and Beta Glucans continues to expand, presenting lucrative opportunities for suppliers catering to animal nutrition needs.
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The Report also Covers the Following Areas:
Yeast Extracts and Beta Glucate Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
The COVID-19 pandemic significantly influenced the yeast extracts and beta-glucan market. Lockdowns and disruptions in the supply chain led to delays in raw material procurement and product distribution. However, the demand for immune-boosting ingredients surged, with beta-glucans recognized for their health benefits. Consumers’ increased focus on health and wellness drove higher adoption of yeast extracts in food products and supplements. The pandemic also spurred innovations and adaptations within the industry to meet new safety standards and consumer preferences, fostering a resilient market despite initial setbacks.
The Ukrainian crisis has disrupted the yeast extracts and beta-glucan market by causing geopolitical instability and supply chain interruptions, particularly in Eastern Europe. Key raw material supplies and export routes have been affected, leading to increased production costs and price volatility. Additionally, the crisis has impacted market sentiment and investment, with businesses facing uncertainty and operational challenges. Despite these hurdles, the market’s demand remains steady due to the ongoing emphasis on health and nutrition, prompting manufacturers to seek alternative sourcing strategies and regional diversification to mitigate risks.
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List of Key Market Players in Yeast Extracts and Beta Glucate Market:
The Yeast Extracts and Beta Glucate Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
Related Reports:
Yeast Ingredients Market: size is estimated to be $10.70 billion in 2030, growing at a CAGR of 4.0% during the forecast period 2024-2030.
Beta Glucan Market: The demand for beta-glucan will be supplemented by the growing nutraceutical industry, which uses beta-glucan aggressively. However, the rising cases of hypoglycemia post the consumption of beta-glucan is a challenge that the industry needs to address.
Yeast Extracts Market: size is estimated to be $4.70 billion in 2030, growing at a CAGR of 4.5% during the forecast period 2024-2030.
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