Our comprehensive research on the Global Yeast Extracts and Beta-Glucan Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global yeast extracts and beta-glucan market size was US$ 1440.7 million in 2021. The global yeast extracts and beta-glucan market size is forecast to reach US$ 3,006.1 million by 2030, growing at a compound annual growth rate (CAGR) of 7.4% during the forecast period from 2022 to 2030.
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The yeast extract is a complex and widely used hydrolysate of yeast. These organic compounds contain sulfur, carbon, vitamin B complexes, trace nutrients, and other growth factors vital to the development and growth of various microorganisms. In addition, there are two types of yeast extracts: hydrolyzed yeast extract and yeast autolysate extract. Glucan is a glucose polymer characterized by its interchangeable linkage between alpha and beta chains. The beta-glucan is a heterogeneous group of polysaccharides linked to D-glucose by Nan starch. Additionally, beta-glucan is a type of sugar found in bacteria, fungi, yeast, and plants, including oats and barley.
Factors Influencing Market Growth
- A rise in disposable income, changes in consumption patterns, and an increase in consumption of processed food are the factors expected to drive the yeast extract and beta-glucan market.
- A rise in the applications of yeast and specialty yeast products in the food and beverage industry and continuous investments in R&D for the development of new products drive the global market growth.
- Although yeast extracts and beta-glucan have enormous benefits, their consumption can cause allergic reactions, including skin irritation, diarrhea, bloating, gas, and stomach discomfort. As a result, allergies caused by yeast extract and beta-glucan consumption may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had positively impacted the global market growth. In light of the COVID-19 outbreak, consumers stocked up on soups, ready-to-cook, and ready-to-eat snacks and meat dishes to limit social contact and avoid going out. Changes in consumer behavior have boosted the sale of yeast extract and beta-glucan as key ingredients in shelf-stable foods.
Regional Insights
North America held the most market share and is forecast to sustain its position during the forecast period. As a result, the increasing adoption and acceptance of newly launched food products that contain beta-glucan as an immune-boosting ingredient present remarkable growth opportunities for yeast extracts and beta-glucan. The busy lifestyles of consumers in North America and the rise in health consciousness are the major factors driving the market growth. With health-conscious consumers more interested in clean labeled products and natural ingredients, the market for yeast extracts and beta-glucan is likely to grow.
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Leading Competitors
The leading prominent companies profiled in the global yeast extracts and beta-glucan market are:
- Thai Foods International Co., Limited
- Alltech
- Archer-Daniels-Midland Company
- Angel Yeast Co., Limited
- Associated British Food Plc
- Chr Hasen As
- Lallemand, Incorporated
- Lesaffre ET Compagnie, SA
- Nutra Green Biotechnology Co., Limited
- Specialty Biotech Co., Limited
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Yeast Extracts and Beta-Glucan industry experienced notable growth in its workforce. Starting in January, employment within the Yeast Extracts and Beta-Glucan sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Yeast Extracts and Beta-Glucan output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Yeast Extracts and Beta-Glucan output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Yeast Extracts and Beta-Glucan market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Yeast Extracts and Beta-Glucan market.
Scope of the Report
The global yeast extracts and beta-glucan market segmentation focuses on Product Type, Application, and Region.
Segmentation based on Product Type
- Yeast Extract
- Yeast Beta-Glucan
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Segmentation based on Application
- Food & Beverages
- Pharmaceutical
- Cosmetic
- Animal Feed
- Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Yeast Extracts and Beta-Glucan Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Yeast Extracts and Beta-Glucan Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Yeast Extracts and Beta-Glucan Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Yeast Extracts and Beta-Glucan Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Yeast Extracts and Beta-Glucan market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Yeast Extracts and Beta-Glucan market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Yeast Extracts and Beta-Glucan business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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