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

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.