USD 188.66 million
Yeast Beta-Glucan Market Size, Share, Growth Analysis, By Source(Baker's yeast, brewer's yeast, and others), By Application(food & beverages, dietary supplements, animal feed & pet food, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2298 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
64
|Figures:
75
Yeast Beta-Glucan Market Insights
Global Yeast Beta-Glucan Market size was valued at USD 188.66 million in 2022 and is poised to grow from USD 204.32 million in 2023 to USD 386.67 million by 2031, at a CAGR of 8.3% during the forecast period (2024-2031).
The global yeast beta-glucan market is a rapidly growing market that is expected to experience significant growth in the coming years. Yeast beta-glucan is a natural polysaccharide that is found in the cell walls of yeast, and it is widely used in various applications such as food and beverages, dietary supplements, pharmaceuticals, and personal care products. The purpose of the market is to provide a natural and effective solution for various health and wellness concerns. Yeast beta-glucan has been shown to have numerous health benefits, including boosting the immune system, reducing cholesterol levels, and improving gut health. As a result, there is a growing demand for yeast beta-glucan in the global market. One of the major drivers of the yeast beta-glucan market is the increasing demand for natural and functional food ingredients. Consumers are becoming more health-conscious and are looking for natural and effective ways to improve their health.
Yeast beta-glucan is a natural ingredient that is effective in promoting health and wellness, which makes it a popular choice among consumers. However, the market also faces certain restraints such as high production costs and limited availability of raw materials. These factors may limit the growth of the market to some extent. Despite these challenges, the yeast beta-glucan market is experiencing several key trends that are driving its growth. For instance, there is a growing trend towards vegan and plant-based diets, which has led to an increased demand for yeast beta-glucan as a natural and plant-based ingredient. Additionally, the market is witnessing several opportunities for growth, such as the increasing demand for yeast beta-glucan in the pharmaceutical industry. Yeast beta-glucan has been shown to have potential in the treatment of various diseases, including cancer, diabetes, and cardiovascular diseases.
US Yeast Beta-Glucan Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Baker's yeast
Fastest Growth
Brewer's yeast
Growth Rate
8.3% CAGR
Global Yeast Beta-Glucan Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Yeast Beta-Glucan Market Segmental Analysis
Global Yeast Beta-Glucan Market is segmented on the basis of source, application, and region. By source, the market is segmented into baker's yeast, brewer's yeast, and others. By application, the market is segmented into food & beverages, dietary supplements, animal feed & pet food, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Yeast Beta-Glucan Market Analysis by Source
Baker's yeast dominated the global yeast beta-glucan market. This segment is expected to hold the 60% market share due to its wide availability and cost-effectiveness. Baker's yeast is commonly used in the production of bread, pastries, and other baked goods, and it is often added as a supplement to improve the nutritional content of these products. In addition, baker's yeast is also used as a source of yeast beta-glucan in dietary supplements and functional foods.
Brewer's yeast is the fastest-growing segment. This segment is expected to experience significant growth of 9% CAGR due to the increasing use of yeast beta-glucan in the production of beer and other alcoholic beverages. Yeast beta-glucan is a natural byproduct of the fermentation process used in beer production, and it is valued for its ability to improve the taste and texture of beer. In addition, yeast beta-glucan is also used as a source of dietary fiber and as a supplement for immune support in dietary supplements and functional foods.
Yeast Beta-Glucan Market Analysis by Application
Food & beverages dominated the yeast beta-glucan market. This segment is expected to hold a 67.8% market share due to the widespread use of yeast beta-glucan as a food additive and supplement. Yeast beta-glucan is often added to a variety of food and beverage products to improve their nutritional content and provide functional benefits, such as immune support and cholesterol reduction.
The fastest-growing segment of the yeast beta-glucan market by application is dietary supplements. This segment is expected to experience significant growth of 8.6% CAGR due to the increasing consumer demand for natural and plant-based supplements that promote immune health and overall wellness. Yeast beta-glucan is a popular ingredient in dietary supplements due to its immune-boosting properties and its ability to support digestive health.
Global Yeast Beta-Glucan Market Size By Source
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Yeast Beta-Glucan Market Regional Insights
The global yeast beta-glucan market is dominated by North America, which is expected to hold a 35% share of the market in the coming years. This dominance is attributed to the increasing demand for natural and functional food ingredients, along with the rising health consciousness among consumers in the region. The United States is a major contributor to the growth of the yeast beta-glucan market in North America. The country has a large population of health-conscious consumers who are willing to pay a premium for natural and effective health solutions. For instance, companies like Biothera Pharmaceuticals, Inc. have developed and launched yeast beta-glucan-based dietary supplements in the US market, which has received a positive response from consumers.
In terms of the fastest-growing region, the Asia Pacific region is expected to witness an 8.7% CAGR in the coming years. The region has a large population base, which is becoming increasingly health-conscious and is looking for natural and effective ways to improve its health. Additionally, there is a growing trend towards plant-based diets in the region, which is driving the demand for yeast beta-glucan as a natural and plant-based ingredient. For example, companies like Ohly GmbH have launched yeast beta-glucan-based ingredients for use in the food and beverage industry in the Asia Pacific, which has received a positive response from consumers.
Global Yeast Beta-Glucan Market Size By Region
- Largest
- Fastest
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Yeast Beta-Glucan Market Dynamics
Yeast Beta-Glucan Market Drivers
Increasing Demand for Natural and Organic Food Products
- One of the key drivers of the yeast beta-glucan market is the increasing demand for natural and organic food products. Consumers are becoming more health-conscious and are looking for natural and effective ways to improve their health. Yeast beta-glucan is a natural ingredient that is effective in promoting health and wellness, making it a popular choice among consumers. For instance, in 2020, Kellogg Company, an American multinational food manufacturing company, launched a new line of cereals containing beta-glucan sourced from oats and barley to meet the growing demand for natural and healthy food products.
Growing Applications in the Pharmaceutical Industry
- The pharmaceutical industry is also driving the growth of the yeast beta-glucan market. Yeast beta-glucan has been shown to have potential in the treatment of various diseases, including cancer, diabetes, and cardiovascular diseases. As a result, there is a growing demand for yeast beta-glucan in the pharmaceutical industry. For instance, in 2021, Imugene Limited, a clinical-stage immuno-oncology company, announced the initiation of a Phase 1b clinical study of its HER-Vaxx cancer vaccine that includes yeast beta-glucan as an adjuvant.
Yeast Beta-Glucan Market Restraints
High Production Costs
- One of the major restraints of the yeast beta-glucan market is the high production costs. Yeast beta-glucan production involves complex and expensive processes, which increases the overall production costs. This, in turn, limits the availability of yeast beta-glucan in the market and increases its cost, which can be a hindrance to the growth of the market.
Limited Availability of Raw Materials
- The limited availability of raw materials is another restraint of the yeast beta-glucan market. Yeast beta-glucan is extracted from the cell walls of yeast, and the availability of yeast can be limited due to various factors such as weather conditions, supply chain disruptions, and changes in demand. This can affect the production and availability of yeast beta-glucan in the market.
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Yeast Beta-Glucan Market Competitive Landscape
Global Yeast Beta-Glucan Market is highly competitive with the presence of several key players. These players are focusing on product innovation, partnerships, mergers and acquisitions, and expansion to increase their market share and stay competitive in the market. For instance, in December 2021, Lallemand Inc. entered into a partnership with Biotalys NV, a biotech company, to develop and commercialize new biocontrol solutions for food and beverage applications. Such strategic initiatives are expected to drive the growth of the yeast beta-glucan market in the coming years.
Yeast Beta-Glucan Market Top Player’s Company Profiles
- Biothera Pharmaceuticals, Inc. (US)
- Kerry Group plc (Ireland)
- AB Mauri (UK)
- Biotec Pharmacon ASA (Norway)
- Angel Yeast Co., Ltd. (China)
- Garuda International, Inc. (US)
- Ceapro Inc. (Canada)
- Kemin Industries, Inc. (US)
- Leiber GmbH (Germany)
- Nutraferma LLC (US)
- Merck KGaA (Germany)
- Biorigin (Brazil)
- Lianhua Supermarket Holdings Co., Ltd. (China)
- Alltech, Inc. (US)
- Royal DSM N.V. (Netherlands)
- Chr. Hansen Holding A/S (Denmark)
- Kerry Ingredients & Flavors (US)
Yeast Beta-Glucan Market Recent Developments
- In March 2024, Abbott joined forces with the Malaysian Healthy Ageing Society to enhance awareness about muscle health. This partnership is dedicated to promoting the significance of muscle health, advocating for regular muscle mass screening, and emphasizing the importance of maintaining good nutrition and exercise habits.
- In March 2024, AB Biotek HNH introduced a yeast postbiotic enriched with a beta-glucan complex designed to support immune health.
- In March 2024, according to an article, it was reported that the recognition of yeast β-glucan particles stimulates immunometabolic signaling necessary for trained immunity.
Yeast Beta-Glucan Key Market Trends
- Growing Trend of Plant-Based Diets: The growing trend of plant-based diets is driving the growth of the yeast beta-glucan market. Consumers are becoming more health-conscious and are opting for plant-based diets due to the health and environmental benefits associated with them. Yeast beta-glucan is a natural and plant-based ingredient, making it a popular choice among consumers who are following plant-based diets.
- Increasing Demand for Dietary Supplements: The increasing demand for dietary supplements is another trend driving the growth of the yeast beta-glucan market. Consumers are looking for natural and effective ways to improve their health, and dietary supplements are an easy way to achieve this. Yeast beta-glucan is a popular ingredient in dietary supplements due to its numerous health benefits, which are driving the growth of the market. For instance, in 2020, Nutrilite, a global leader in dietary supplements, launched a new product that contains yeast beta-glucan as a key ingredient.
Yeast Beta-Glucan Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Yeast Beta-Glucan Market analysis, the market is expected to experience significant growth in the coming years due to the rising demand for functional food ingredients with health benefits, such as improving gut health and immunity. Increasing consumer awareness regarding the health benefits of beta-glucan, along with the rising prevalence of chronic diseases, is also driving market growth. Additionally, the market is expected to benefit from the increasing use of yeast beta-glucan in animal feed and pet food applications, as well as the growing popularity of natural and organic products. However, the high cost of production and limited availability of raw materials, along with regulatory barriers, may hamper the market growth to some extent.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 188.66 million |
| Market size value in 2031 | USD 386.67 million |
| Growth Rate | 8.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Yeast Beta-Glucan Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Yeast Beta-Glucan Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Yeast Beta-Glucan Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Yeast Beta-Glucan Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Yeast Beta-Glucan Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Yeast Beta-Glucan Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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