Yeast Extracts and Beta-Glucan Market

Food and Beverages

Yeast Extracts and Beta-Glucan Market," The yeast extracts and beta-glucan market was valued at $1,339.6 million in 2020, and is estimated to reach $3,008.1 million by 2031, growing at a CAGR of 7.5% from 2022 to 2031.

Outbreak of COVID-19 negatively affected the growth of the yeast extracts and beta-glucan market in 2020. Demand for yeast extracts and beta-glucan from food & beverage industry and cosmetic industry declined, owing to stagnation in the export and import activities, supply chain disturbances, lack of labor, and halted production facilities.

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The yeast extracts and beta-glucan market is segmented on the basis of product type, application, and region. Depending on product type, it is divided into yeast extract and yeast beta-glucan. According to application, it is classified into food & beverages, pharmaceutical, cosmetic, animal feed, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), and Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific).

According to the yeast extracts and beta-glucan market trends, on the basis of product type, the yeast extract segment was the highest contributor to the market, with $1,091.9 million in 2020, and is estimated to reach $2,317.5 million by 2031, at a CAGR of 6.9% during the forecast period. Yeast extracts have been gaining major popularity in the food & beverages sector as it is one of the key aromatic natural ingredients used in flavorful dishes and drinks by various food & beverages companies.

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According to the application, the cosmetic segment was the significant contributor to the market, and is estimated to reach $272.1 million by 2031, at a CAGR of 9.3% during the forecast period. Yeast extracts and beta-glucan are significantly used in the cosmetics industry, which  boosts the  immune function of the skin, thereby reducing allergy triggers.

Region wise, Europe has gained major yeast extracts and beta-glucan market share and is expected sustain its share yeast extracts and beta-glucan market forecast period. This is majorly attributed to increase in demand for clean label food products and functional food.

The players operating in the yeast extracts and beta-glucan industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Alltech, Angel Yeast Co., Ltd., Archer-Daniels-Midland Company, Associated British Food Plc, Chr Hasen As, Lallemand, Inc., Lesaffre ET Compagnie, SA, Nutra Green Biotechnology Co., Ltd., Specialty Biotech Co., Ltd., and Thai Foods International Co., Ltd.

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