Global Yeast Extract and Beta Glucan Market Overview
Yeast Extract and Beta Glucan Market Size was estimated at 9.19 (USD Billion) in 2022. The Yeast Extract and Beta Glucan Market is expected to grow from 9.57 (USD Billion) in 2023 to 13.86 (USD Billion) by 2032. The Yeast Extract and Beta Glucan Market CAGR (growth rate) is expected to be around 4.2% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Yeast Extract and Beta Glucan Market Trends Highlighted
Key market drivers for the Yeast Extract and Beta Glucan Market include the increasing demand for functional foods and beverages, growing awareness of the health benefits of these ingredients, and the rising popularity of plant-based diets.
The market is also fueled by the increasing demand for natural and clean-label ingredients. Opportunities to be explored include the development of new applications for yeast extract and beta glucan, such as in sports nutrition and personal care products.
The market also offers opportunities for the development of new technologies to enhance the production and extraction of these ingredients.
Recent trends in the Yeast Extract and Beta Glucan Market include the increasing focus on sustainability, the growing demand for organic and non-GMO ingredients, and the rising popularity of e-commerce for the purchase of these products.
Yeast Extract and Beta Glucan Market Drivers
Rising Demand for Natural and Organic Food Products
The demand for natural and organic food and beverages is increasing due to numerous factors, including the fact that it is better for human health and for the environment.
The production of natural and organic food and beverages is crucial for the market growth of such ingredients as yeast extract and beta-glucan, which are natural and have numerous benefits related to human health. Yeast extract is a rich source of vitamins, minerals, and amino acids.
Beta-glucan is a soluble fiber that can enhance the immune system and lower cholesterol levels. These two ingredients are actively used in the production of different types of food and beverages including soups, sauces, baking, and other supplements.
The Yeast Extract and Beta Glucan Market, therefore, will benefit from the growth of the market of natural and organic food and beverages.
Increasing Prevalence of Chronic Diseases
The increasing incidence of chronic diseases, such as heart disease, diabetes, and cancer, is another major driver of the Yeast Extract and Beta Glucan Market. These diseases are often associated with inflammation, and both yeast extract and beta-glucan have anti-inflammatory properties.
As a result, they are increasingly being used in functional foods and beverages that are designed to reduce inflammation and improve health. For example, yeast extract has been found to reduce the risk of heart disease by lowering cholesterol levels and improving blood flow to the heart.
Beta-glucan has also been found to reduce the risk of cancer by boosting the immune system and protecting cells against damage.
Growing Awareness of the Health Benefits of Yeast Extract and Beta Glucan
More and more consumers are becoming familiar with the benefits of yeast extract and beta glucan in the wake of increasing media coverage and continued scientific research. As such, there is growing demand for the ingredients in a wide and diverse range of products, from food and beverages to supplements and personal care items.
For example, yeast extract can now be found in many skincare products as it is believed to improve the moisture content in the skin and reduce the appearance of wrinkles.
Beta glucan can also be easily found in the ingredients lists of a variety of hair care products, where it is believed to improve hair strength and boost scalp health.
Yeast Extract and Beta Glucan Market Segment Insights
Yeast Extract and Beta Glucan Market End Use Industry Insights
Within this expansive sector, the Food and Beverage category held a dominant position, valued at 3.5 USD Billion in 2023 and expected to increase to 5.0 USD Billion by 2032, showcasing its majority holding in the market.
This sub-sector was vital due to the rising demand for natural flavor enhancers and functional ingredients in processed foods and beverages, driving notable market growth.
The Healthcare segment also contributed significantly, valued at 2.0 USD Billion in 2023 and anticipated to reach 2.8 USD Billion by 2032, reflecting the growing appreciation for the health benefits associated with yeast extracts and beta-glucans in supplements and functional foods.
The Pharmaceuticals sector, with a valuation of 1.7 USD Billion in 2023, is expected to climb to 2.4 USD Billion in 2032, which was equally important as yeast extracts are utilized for their bioactive properties in drug formulations, enhancing treatment effectiveness.
The Cosmetics and Personal Care segment, valued at 1.0 USD Billion in 2023 and increasing to 1.4 USD Billion by 2032, also played a pivotal role as consumers opt for products enriched with natural ingredients, positioning yeast extracts as preferable components in skin care due to their moisturizing and anti-aging attributes.
The Agriculture segment, valued at 1.37 USD Billion in 2023 and with a projection of 2.26 USD Billion by 2032, underscores the trend of employing yeast extracts for biostimulants, promoting healthier crops while supporting sustainable agriculture practices.
Lastly, the Animal Feed category is gaining traction, as the use of yeast supplements is recognized for improving livestock health and productivity. Overall, across the various segments of the Yeast Extract and Beta Glucan Market revenue, trends driven by consumer health consciousness and preference for natural ingredients significantly propel the market forward.
The key drivers include an increasing interest in health and wellness, alongside the demand for clean label products in food and beverages. However, obstacles such as regulatory challenges, fluctuating raw material prices, and competition from synthetic alternatives could pose risks.
Nevertheless, opportunities for innovation and applications in emerging industries remain robust, ensuring expansive growth prospects for this market in the forthcoming years. The Yeast Extract and Beta Glucan Market is set to continue evolving, with evolving consumer preferences dictating new product developments across its diverse segments.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Yeast Extract and Beta Glucan Market Source Insights
The Yeast Extract and Beta Glucan Market, focusing on the Source segment with growth trends indicating increased demand through various applications. The market has witnessed a robust enhancement in the utilization of Yeast, particularly due to its rich nutritional profile and health benefits, thereby driving a significant portion of market growth.
Plants also play a crucial role within this segment, benefiting from the growing consumer shift towards plant-based alternatives and sustainable sourcing.
Mushrooms have become increasingly important due to their unique compounds that contribute to various health benefits, showcasing a strong market presence. Meanwhile, Bacteria Sources, known for their probiotic properties, continue to forge ahead, catering to the rising health consciousness among consumers.
The combination of these sources enhances the diversity of the Yeast Extract and Beta Glucan Market, providing opportunities for innovation and strategic product development, while trends toward healthier lifestyles reinforce the growing importance of this market segment.
The Yeast Extract and Beta Glucan Market segmentation reflects a dynamic and evolving landscape that prioritizes both health and sustainability.
Yeast Extract and Beta Glucan Market Form Insights
The Form segment includes Liquid, Powder, Granules, Capsules, and Tablets, each playing a vital role in the market's growth. The Liquid form is widely preferred due to its easy integration into food products, while the Powder form is majorly utilized in nutritional supplements and flavorings, highlighting its versatility. Granules serve as a significant choice for flavor enhancement, particularly in savory applications.
Capsules and Tablets are gaining traction, especially among health-conscious consumers seeking convenient means to incorporate supplements into their diets. This diversity in forms not only enhances the overall Yeast Extract and Beta Glucan Market segmentation but also reflects evolving consumer preferences and the importance of various applications across different industries.
The Yeast Extract and Beta Glucan Market data shows a consistent trend toward health-focused products, providing opportunities for innovation and expansion in these forms, thereby driving market growth over the coming years.
Yeast Extract and Beta Glucan Market Application Insights
The Yeast Extract and Beta Glucan Market showcases significant growth potential driven by diverse applications across various industries. The Application segment is crucial, incorporating areas such as Flavor Enhancers, Nutritional Supplements, Immune System Boosters, Prebiotics, Emulsifiers, and Thickeners, reflecting shifting consumer preferences for natural products.
Flavor enhancers continue to be pivotal, enhancing taste profiles in food products, while nutritional supplements are becoming increasingly relevant as health consciousness rises.
Additionally, immune system boosters are gaining traction, particularly in the context of heightened health awareness.
Prebiotics play a significant role in digestive health, driving demand among health-conscious consumers. Emulsifiers are essential for texture and stability in processed foods, ensuring product quality. The thickener application is also vital for improving the consistency of various food products.
Overall, as the population prioritizes health and wellness, the Yeast Extract and Beta Glucan Market revenue is expected to grow, highlighting the importance of these applications in catering to consumer needs.
The market growth is influenced by rising demand for clean-label products and increasing investments in food technology, depicting a dynamic landscape in the Yeast Extract and Beta Glucan Market segmentation.
Yeast Extract and Beta Glucan Market Regional Insights
North America contributed significantly, with a valuation of 2.5 USD Billion, expected to rise to 3.6 USD Billion by 2032, showcasing its importance as a major market due to the high demand for food additives. Europe closely followed, with an initial value of 3.0 USD Billion in 2023, growing to 4.3 USD Billion, reflecting the region's robust food processing industry and health-conscious consumers.
South America, while smaller, showed potential with valuations of 0.8 USD Billion in 2023, expanding to 1.2 USD Billion, indicating a growing interest in natural food components. The Asia Pacific region started at 2.0 USD Billion in 2023 and is projected to reach 2.8 USD Billion, benefiting from a large population and increasing demand for health-related products.
The Middle East and Africa, valued at 1.27 USD Billion in 2023, is expected to grow to 1.96 USD Billion, suggesting emerging opportunities despite slower growth.
Each region's specific market strategies and consumer preferences shape the overall landscape of the Yeast Extract and Beta Glucan Market revenue, positioning it for consistent market growth.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Yeast Extract and Beta Glucan Market Key Players and Competitive Insights
The Yeast Extract and Beta Glucan Market's major players are expanding their product portfolio and presence in the market to capitalize on the increasing demand for Yeast Extract and Beta Glucan Market products. The major leading players of the Yeast Extract and Beta Glucan Market are spending on Research development to offer innovative products and technologies.
The Yeast Extract and Beta Glucan Market development is driven by the factors such as the growing demand for natural and healthy products, consumers increasing interest in the promotion of the Yeast Extract and Beta Glucan Market, and expansion by the key players to serve various clients in the market.
The Yeast Extract and Beta Glucan Market Competitive Landscape is expected to stay attractive in the coming years, with the major players adopting the strategies of expansion with mergers and acquisitions, product innovation, and lower costs of materials approaches.
Lesaffre
is one of the dominant players operating in the Yeast Extract and Beta Glucan Market. The company produces a wide range of Yeast Extract and beta-glucan market products, such as yeast extracts, beta-glucans and other fermentation-based ingredients.
Lesaffre Yeast Extract and Beta Glucan Market is well established in the market and the company operates in more than 50 countries. The company is intensely focused on its research, and Lesaffre offers innovative solutions to its customers and consumers
.
Associated British Foods is one of the leading companies in the Yeast Extract and Beta Glucan Market across the globe. Associated British Foods operates in the business of food, ingredients, and retail. The ABF group's Yeast Extract and Beta Glucan Market business is with AB Mauri- being a key player in the yeast and bakery ingredients.
AB Mauri offers a wide range of Yeast Extract and Beta Glucan Market products available in Europe, Asia, and the Americas. The product range in the Yeast Extract and Beta Glucan Market products are such as baker's yeast, distiller's yeast and food-grade yeast extracts.
Key Companies in the Yeast Extract and Beta Glucan Market Include
Yeast Extract and Beta Glucan Market Developments
The rising demand for natural and healthy food ingredients, increasing awareness about the health benefits of yeast extract and beta-glucan, and growing applications in the food and beverage, pharmaceutical, and animal feed industries are driving the market growth.
Recent news developments in the market include
In January 2023, Lesaffre, a leader in yeast and fermentation, announced the expansion of its yeast extract production capacity in France to meet the growing demand for natural and sustainable food ingredients.
In March 2023, Kerry Group, an Ireland-based food ingredients and flavors company, acquired Biotec Beta Glucans, a leading producer of beta-glucans from oats and barley, to strengthen its position in the functional food ingredients market.
These developments highlight the increasing interest and investment in the yeast extract and beta glucan market, driven by the growing demand for natural and healthy ingredients and the expansion of applications across various industries.
Yeast Extract and Beta Glucan Market Segmentation Insights
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Report Attribute/Metric
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Details
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Market Size 2022
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9.19(USD Billion)
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Market Size 2023
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9.57(USD Billion)
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Market Size 2032
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13.86(USD Billion)
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Compound Annual Growth Rate (CAGR)
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4.2% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Watson, Brenntag, IFF, Ohly, Cargill, Tate Lyle, Chr. Hansen, Glanbia, Natural Alternatives International, Farbest Brands, Lallemand, Lesaffre, DSM, Angel Yeast, Biospringer
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Segments Covered
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End Use Industry, Source, Form, Application, Regional
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Key Market Opportunities
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Increasing demand for natural food additives Growing health consciousness Technological advancements Rising disposable income Expanding application in pharmaceuticals
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Key Market Dynamics
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Rising demand for functional food ingredients Increasing health awareness Growing application in food amp beverage industry Technological advancements in production Expanding pet food market
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The Yeast Extract and Beta Glucan Market is expected to be valued at 13.86 billion USD in 2032.
The expected CAGR for the Yeast Extract and Beta Glucan Market from 2024 to 2032 is 4.2%.
By 2032, Europe is projected to have a market value of 4.3 billion USD in the Yeast Extract and Beta Glucan Market.
The Food and Beverage segment is projected to be valued at 5.0 billion USD in 2032.
Major players in the market include Watson, Brenntag, IFF, Ohly, and Cargill.
The Healthcare segment is expected to be valued at 2.8 billion USD in 2032.
The Pharmaceuticals segment is projected to reach a market value of 2.4 billion USD in 2032.
The Agriculture segment is anticipated to grow to 2.26 billion USD by 2032.
The Middle East and Africa region is expected to reach a market value of 1.96 billion USD in 2032.
South America is projected to have a market value of 1.2 billion USD in 2032.
