The global yeast extracts and beta-glucan market generated revenue of $642 million in 2015, and is estimated to reach $1,061 million by 2022, registering a CAGR of 7.46% from 2016 to 2022.
Yeast is a single-cell microorganism that converts sugar and starch into carbon dioxide bubbles and alcohol. Beta-glucan, also known as immune stimulant, activates white blood cells for defense against infections, and repairs damaged tissues in the body. The market is expected for a steady growth due to change in eating patterns, rise in consumption of processed food & disposable income during the forecast period. It can be formulated into different types of medicines, functional foods, and processed foods such as cosmetics, bakery products, and dietary supplements.
Health-conscious individuals choose functional foods that keep them healthy and fit. The market growth is accredited to the demand for not only functional and processed foods but also as flavoring ingredients in the baking and brewing. The increase in demand for ready-to-eat foods due to increase in number of working women and rise in urban population has boosted the demand for yeast extracts and beta-glucans. Ample usage of cellulosic biofuels, together with the probiotic functional food among individuals, has further increased the market growth. High cholesterol levels, rise in obesity, and diabetes have pushed the market for making medicines which are also used in immune stimulation to improves the immune system. However, shortage of molasses restrains the market growth.
In this report, the yeast extract and beta-glucan market is segmented into product types and geography. Based on product type, the market is segmented into yeast beta-glucan and yeast extract. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The leading companies operating in the global yeast extracts and beta-glucan market include:
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
OTHER KEY PLAYERS IN THE MARKET VALUE CHAIN INCLUDE
*The above list of companies is not profiled in the report, can be profiled based on client interest.
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