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 Industry 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 is better for human health and for the environment. The production of natural and organic food and beverage 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.
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 Industry. 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 ingredient 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
The end-use industry segmentation of the Yeast Extract And Beta Glucan Market is an enriching segment to understand the applications of raw materials in various end-use industries. In 2023, food and beverage was the largest segment of the Yeast Extract And Beta Glucan Market. Yeast extract and beta glucan are widely used in the food and beverage industry as natural flavor enhancers, texture improvers, and nutraceuticals. They can offer umami and savory notes to soups, sauces, snacks, and beverages, apart from acting as flavor carriers.
In 2023, the food and beverage segment constituted a revenue share of approximately 35%, and it would steadfastly maintain this market share in the next ten years period. In the healthcare industry, yeast extract is used to produce supplements and nutraceuticals/generic drugs for improving the human body’s immune system. Beta glucan, in particular, has been researched and found to stimulate the human body’s immunological process, which helps the body resist infections/diseases. The healthcare segment is projected to be the fastest-growing segment by value sales registering a CAGR of 5.2% by 2030 due to the growing consumers’ awareness about preventive healthcare.
In the pharmaceutical industry, yeast extract and beta glucan act as excipients that can improve the solubility, stability, and bioavailability of the active pharmaceutical ingredients used in the drugs. Moreover, the excipients can serve as fillers in the formation of tablets and pills. The pharmaceuticals segment is expected to grow at a consistent growth curve, which would help the market grow its value sales. In the cosmetics and personal care industry, yeast extract and beta glucan have applications in skin and hair-working products.
Yeast extracts are rich in amino acids, vitamins and minerals that can nourish the skin, whereas beta-glucan is a powerful antioxidant that boosts the immunity to natural and artificial aging. They can be used in cosmetic products, hair care formulations, and skin care products. The cosmetics and skincare segment is expected to grow by a CAGR of 4.8% to extend up to 2032. In the agriculture industry, yeast extract and beta glucan are used as natural immunity enhancers growth and development enhancers of livestock. They can be mixed in animal feeds to improve the gut health of livestock, which subsequently improves the animals’ nutrient absorption and immune system while reducing the disease susceptibility of the livestock.
The agriculture segment value is set to grow in the coming years as many agriculture investors in developed countries are adopting/living the natural ways of rearing livestock, which is free from chemicals. In the animal feed industry, yeast extract and beta glucan are used to raise livestock. They are mainly used as natural immunity boosts for livestock. The animal feed segment value sales will grow by a continuous curve over the forecast period because of the increasing demand for animal protein.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Yeast Extract And Beta Glucan Market Source Insights
The source segment of the Yeast Extract And Beta Glucan Market plays a pivotal role in determining the overall market dynamics. Yeast, plants, mushrooms, and bacteria are the primary sources of yeast extract and beta glucan. Among these, yeast holds a dominant position in the market, accounting for approximately 55% of the revenue in 2023. The extensive use of yeast extract as a natural flavor enhancer and nutritional supplement in various food and beverage applications drives its market growth. Plants, particularly barley and oats, are also significant sources of beta glucan, holding a market share of around 25% in 2023.
Beta glucan derived from plants finds wide application in the food industry as a dietary fiber supplement and in personal care products due to its skin-soothing properties. Mushrooms, rich in beta glucan, contribute approximately 15% to the Yeast Extract And Beta Glucan Market revenue. Beta glucan from mushrooms is gaining popularity in the nutraceutical industry for its immune-boosting and antioxidant properties. Bacteria, as a source of beta glucan, represent a relatively smaller segment, accounting for approximately 5% of the market share in 2023.
However, the growing demand for beta glucan in pharmaceuticals and other industries is expected to drive the growth of this segment in the coming years. The segmentation of the Yeast Extract And Beta Glucan Market based on source provides valuable insights into the diverse applications and growth potential of these natural ingredients. Understanding the market dynamics of each source segment enables stakeholders to make informed decisions and capitalize on emerging opportunities in the industry.
Yeast Extract And Beta Glucan Market Form Insights
The form segment of the Yeast Extract And Beta Glucan Market is segmented into liquid, powder, granules, capsules, and tablets. The liquid form held the largest market share in 2023, and is expected to continue to dominate the market during the forecast period. The powder form is expected to register the fastest CAGR during the forecast period, owing to its ease of handling and storage. The high demand for liquid form in the food and beverage industry is attributed to its ability to be easily incorporated into various food and beverage products.
The powder form is expected to witness significant growth in the pharmaceutical industry due to its suitability for encapsulation and direct compression. Granules are gaining popularity in the nutraceutical industry due to their ease of consumption and controlled release properties. Capsules and tablets are preferred in the pharmaceutical industry due to their precise dosage and extended shelf life. The increasing demand for yeast extract and beta glucan in the food, beverage, pharmaceutical, and nutraceutical industries is expected to drive the growth of the form segment.
The growing awareness of the health benefits associated with yeast extract and beta glucan is expected to fuel the market growth. The increasing disposable income and changing lifestyle are expected to further contribute to the market growth.
Yeast Extract And Beta Glucan Market Application Insights
The Application segment of the Yeast Extract And Beta Glucan Market showcases a diverse range of applications, each contributing to the overall market growth. Flavor Enhancer, with its ability to enhance taste profiles, holds a significant market share. Nutritional Supplement, driven by rising health consciousness, is another key application, catering to the growing demand for natural and functional food additives. Immune System Booster, leveraging the immunomodulatory properties of yeast extract and beta glucan, is gaining traction in the market.
Prebiotic, supporting gut health and overall well-being, is witnessing increasing adoption. Emulsifier and Thickener, essential ingredients in food processing, contribute to market growth through their functional properties. Collectively, these applications drive innovation and product development, shaping the dynamics of the Yeast Extract And Beta Glucan Market. With a projected market revenue of USD 13.86 billion by 2032, the Application segment presents immense opportunities for stakeholders in the industry.
Yeast Extract And Beta Glucan Market Regional Insights
The Yeast Extract And Beta Glucan Market is segmented into North America, Europe, APAC, South America, and MEA. North America held the largest revenue share of the Yeast Extract And Beta Glucan Market in 2023 and is expected to maintain its dominance over the forecast period. The growth of the market in this region is primarily attributed to the increasing demand for Yeast Extract And Beta Glucan in the food and beverage industry. Europe is expected to witness steady growth in the Yeast Extract And Beta Glucan Market over the forecast period, owing to the growing awareness about the health benefits of Yeast Extract And Beta Glucan.
APAC is expected to be the fastest-growing region in the Yeast Extract And Beta Glucan Market, driven by the rising disposable income and changing lifestyle of consumers in countries such as China and India. South America and MEA are expected to witness moderate growth in the Yeast Extract And Beta Glucan Market over the forecast period.
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 industry'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 in 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
Lesaffre is one of the dominant players operating in the Yeast Extract And Beta Glucan Market industry. 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 R&D and Lesaffre offer innovative solutions to their customers and consumers.
Associated British Foods
Associated British Foods is one of the leading companies in the Yeast Extract And Beta Glucan Market industry 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- which is a key player in the yeast and bakery ingredients. AB Mauri offers a wide range of Yeast Extract And Beta Glucan Market products are 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 Industry Developments
The yeast extract and beta glucan market is projected to reach USD 13.86 billion by 2032, exhibiting a CAGR of 4.2% from 2024 to 2032. 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 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
Yeast Extract And Beta Glucan Market End Use Industry Outlook
Food and Beverage
Healthcare
Pharmaceuticals
Cosmetics and Personal Care
Agriculture
Animal Feed
Yeast Extract And Beta Glucan Market Source Outlook
Yeast
Plants
Mushrooms
Bacteria
Yeast Extract And Beta Glucan Market Form Outlook
Liquid
Powder
Granules
Capsules
Tablets
Yeast Extract And Beta Glucan Market Application Outlook
Flavor Enhancer
Nutritional Supplement
Immune System Booster
Prebiotic
Emulsifier
Thickener
Yeast Extract And Beta Glucan Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
9.19(USD Billion) |
| Market Size 2023 |
9.57(USD Billion) |
| Market Size 2032 |
13.86(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.2% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Watson, Brenntag, IFF, Ohly, Cargill, Tate Lyle, Chr. Hansen, Glanbia, Natural Alternatives International, Farbest Brands, Lallemand, Lesaffre, DSM, Angel Yeast, Biospringer |
| Segments Covered |
End Use Industry, Source, Form, Application, Regional |
| Key Market Opportunities |
Increasing demand for natural food additives Growing health consciousness Technological advancements Rising disposable income Expanding application in pharmaceuticals |
| Key Market Dynamics |
Rising demand for functional food ingredients Increasing health awareness Growing application in food and beverage industry Technological advancements in production Expanding pet food market |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Yeast Extract And Beta Glucan Market is expected to reach a valuation of 9.57 Billion USD in 2023.
The Yeast Extract And Beta Glucan Market is projected to grow at a CAGR of 4.2% from 2024 to 2032.
North America is expected to hold the largest market share in the Yeast Extract And Beta Glucan Market in 2023.
The food and beverage segment is expected to hold the largest market share in the Yeast Extract And Beta Glucan Market in 2023.
Some of the key competitors in the Yeast Extract And Beta Glucan Market include Archer Daniels Midland Company, Associated British Foods plc, Cargill, Incorporated, and DSM.
The major factors driving the growth of the Yeast Extract And Beta Glucan Market include the increasing demand for natural and healthy ingredients, the growing awareness of the health benefits of yeast extract and beta glucan, and the rising disposable income in emerging markets.
The major challenges facing the Yeast Extract And Beta Glucan Market include the fluctuating prices of raw materials, the intense competition from synthetic ingredients, and the regulatory hurdles in some markets.
The key trends expected to shape the future of the Yeast Extract And Beta Glucan Market include the increasing demand for clean label products, the growing popularity of plant-based foods, and the rising adoption of e-commerce channels.
The Yeast Extract And Beta Glucan Market is expected to reach a valuation of 13.86 Billion USD by 2032.
Asia Pacific is expected to witness the highest growth rate in the Yeast Extract And Beta Glucan Market from 2024 to 2032.
