Global Yeast Beta-Glucan Market Worth USD 1005.05 million With a CAGR of 8.23%

Introduction

The global market for yeast beta-glucan was valued at USD 178.1 million in 2021 and is expected to reach USD 1005.05 million in 2030 expanding at a compound annual growth rate (CAGR) of 8.23% from 2022 to 2030.

A kind of soluble dietary fibre known as beta-glucan may be found in foods. The most significant sources of beta-glucan include bacteria, yeast, fungus, and cereal. The yeast that is used in the baking of bread and the brewing of beer is the same yeast that is used to make yeast extract, which is a flavouring used in cooking. It is anticipated that the market for yeast extract and beta-glucan would expand as a consequence of a rise in the consumption of processed foods, a significant shift in individuals' dietary patterns, and an increase in the amount of disposable money.

There is an increased demand for quick ready-to-eat meals as well as ready-to-cook foods that contain yeast extract and beta-glucan to raise the nutritional value of the food. This demand is driven by consumers' need for more convenient and healthier eating options. In addition, yeast extract is used as a flavouring agent in the food and beverage industry. This sector also uses yeast extract.

Market Dynamics

Rising acceptance of veganism

Veganism is gaining popularity among those who are looking for ways to improve their lifestyle while minimising their impact on animals. The number of individuals who are making the transition to a vegan diet and lifestyle is consistently growing. In addition, there are a substantial number of benefits that may be gained by adopting a vegan lifestyle, which can be used to one's advantage.

Increasing consumer preference for plant-based foods and food supplements

The rising trend of consumers towards plant-derived food and food components that may fulfil the nutritional requirements and boost the nutrient intake in their daily diet is a significant driver of the worldwide beta-glucan market. This trend is also a major driver of the global beta-glucan market. In the approaching years, it is projected that the expanding population of the globe, the growing awareness of the importance of required nutrition, and the introduction of novel extraction technologies would drive and fuel up the worldwide market.

The growing demand and popularity for nutraceuticals products stimulate the use of beta-glucan on the global market

The rapidly escalating growth of the nutraceutical sector all over the world has been a vital factor in the expansion of the worldwide market. Consumers are turning to novel approaches to meet their dietary needs, such as incorporating functional foods and various dietary supplements into their normal diets. Consumers who are transitioning to a healthier diet, such as athletes, gym-goers, and other members of the population who are health conscious, are driving up the demand for food products that contain additional nutrients at an alarming rate. These consumers are also driving up the demand for food products that contain added nutritional properties.

Having a large supply of raw materials makes it easier for manufacturers to produce beta-glucan

Because of its advantageous effects on human health, B-glucan is gaining more and more attention all over the world. This development has led to a growth of the product's end-users spectrum, which now includes medicines, cosmetics, and other products. Because there is an increasing demand for ß-glucan among end-users, the producers are being forced to produce additional types and quantities of the substance. One of the most common and widely used sources of ß-glucan extraction all over the world is oat.

Consumer health consciousness is rising, while healthcare costs are rising

Consumers have grown more health aware as a direct result of the change in demand away from processed foods and toward nutritious, functional, and superfoods. They strive to proactively preserve their health by leading healthy lifestyles. Consumers have a greater awareness of the components that make up their food and pay more attention to the nutrition labels and components listed on food goods. This shift in purchasing patterns has led to an increase in demand for nutritious meals and supplements, which in turn has prompted several companies to introduce new functional food items, that do not include genetically modified ingredients and are derived from natural sources During the growing awareness and concern over health and wellbeing.

Emerging markets: new areas for expansion

Not only is there an increase in demand for beta-glucan in the production of food, personal care, and pharmaceutical products, but there is also an increase in demand for beta-glucan in other industrial applications, such as the production of animal feed and biofuel. This is because developing economies are observing changing lifestyles, a growing economy, and a shift toward natural products. In the next years, developing nations such as China and India, as well as countries located in the Middle East and Africa, would witness a dramatic increase in the demand for beta-glucan that has been derived from a variety of raw materials. There is a rise in the intake of nutritious foods, nutraceuticals, and personal care products, which is thought to be the primary factor for this demand.

Regional Overview of Yeast Beta-glucan Market

In 2021, Asia Pacific had the greatest revenue share, accounting for more than 30.0 per cent of total sales. The product demand in this area is supported by the numerous food processing, cosmetics, and personal care product manufacturing enterprises that are located in Asian nations such as India, China, South Korea, and Japan.

Throughout the time under consideration, it is predicted that the Middle East and Africa would display the highest growth rate in terms of revenue. In the nations that make up the Gulf Cooperation Council (GCC), there is a growing interest in wholesome food options that have transparent ingredient lists. As a direct consequence of this, it is anticipated that there would be a rise in demand throughout the projection period for natural components such as yeast beta-glucan.

Saudi Arabia and the UAE serve as regional distribution centres for processed food goods. It is anticipated that the younger generation in GCC nations will continue to use goods that are healthier and more natural, which will boost the market throughout the projection period.

Key Highlights

• The global yeast beta-glucan market size was valued at USD 178.1 million in 2021 and is expected to reach USD 1005.05 million in 2030 expanding at a compound annual growth rate (CAGR) of 8.23% from 2022 to 2030.
• Rising acceptance of veganism will drive the market.
• Increasing consumer preference for plant-based foods and food supplements will boost the market.
• The growing demand and popularity for nutraceutical products stimulate the use of beta-glucan on the global market thereby driving the market.
• Consumer health consciousness is rising, while healthcare costs are rising driving the market.
• In 2021, the food and beverage sector held a dominant position in the market and was responsible for more than 30.0 per cent of the total revenue.
• It is anticipated that the cheap price of the product will be a significant cause for the demand for it in applications involving animal feed. In terms of revenue, the animal feed application sector would have the highest growth rate of 9.0 per cent over the projection year.
• In the field of cosmetics and personal care, its most common application is in skin care products, specifically moisturisers, toners, conditioners, and sunscreen lotions, among other similar items.
• In 2021, Asia Pacific had the greatest revenue share, accounting for more than 30.0 per cent of total sales.

Competitive Players

Competitors in Yeast Beta-glucan Market

Major players in this market include Cargill Inc. (US), Tate & Lyle Plc (UK), Kerry Group Plc (Ireland), Koninklijke DSM N.V. (Netherlands), Frutarom (Israel), Garuda International Inc (US), Ohly GmbH (Germany), Milliporesigma (US), Super Beta Glucan (US), Lesaffre Human Care (France), Kemin Industries (US), Angel Yeast Co Ltd (China) (US).

Recent Developments

A recent development by Key Players

Lesaffre acquires a controlling stake in the Chinese startup Biohymn Biotechnology in June 2020. (China). Specialized in the creation of yeast and yeast extracts, Biohymn Biotechnology

A new distribution collaboration was established by Tate & Lyle PLC and Solevo, a prominent distributor of chemicals and commodities for certain industrial and agricultural markets in Africa.

To address customer demand for healthier products, in October 2019 Cargill, Inc. invested USD 35 million in Europe to develop soluble fibres. With the help of novel soluble fibres from Cargill, Inc., sugar content in confections, bakery items, fillings, cereals, ice cream, and dairy products may be reduced by up to 30% while still retaining the desirable look, flavour, and texture.

Segmentation

Segmentation of Yeast Beta-glucan Market

By Application

• Food & Beverages
• Personal Care & Cosmetics
• Pharmaceuticals
• Animal Feed

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East