Yeast Beta-glucan Market to Grow with a CAGR of 8.54% through 2028
Heightened
health consciousness among consumers to its diverse applications in functional
foods, cosmetics, animal nutrition, and pharmaceuticals, is expected to drive
the Global Yeast Beta-glucan Market growth in the forecast period, 2024-2028.
According to
TechSci Research report, “Yeast Beta-glucan Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Yeast Beta-glucan Market stood at USD 188.26 million in 2022 and is
anticipated to grow with a CAGR of 6.60% in the forecast period, 2024-2028.
This can be attributed to animal nutrition and health. Yeast beta-glucan has
found applications in animal nutrition, particularly in aquaculture and poultry
farming. Its ability to enhance the immune response and improve the overall
health of livestock has led to its use as an additive in animal feed. As the
demand for high-quality and healthy animal products grows, so does the demand
for yeast beta-glucan in the agricultural sector.
In addition,
regulatory approval for yeast beta-glucan varies across regions and industries.
An emerging trend is the pursuit of regulatory harmonization to streamline the
approval process and facilitate market access. As regulatory bodies work to
align their standards, it will become easier for manufacturers to bring yeast
beta-glucan products to a global audience.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on
"Global Yeast Beta-glucan Market”
The increasing
prevalence of chronic illnesses and the growing elderly population are primary
drivers for the global demand for functional foods. Vulnerable groups like
children and women in developing countries are particularly susceptible to
weakened immune systems. These factors, along with rising health consciousness
among consumers, are expected to drive the need for immunity-enhancing
ingredients like the mentioned product.
Many consumers
are now focusing on preventative health measures rather than seeking treatment
after falling ill. Innovations, especially in the nutrition sector, are
projected to boost the demand for nutraceuticals and medicines containing yeast
beta-glucan over the forecasted period.
In 2021, the
United States dominated the North American market with a substantial share of
over 75.0% and is anticipated to maintain this lead in the coming years. High
consumer expenditure on functional foods and dietary supplements is likely to
fuel the product's demand in the country.
The
immune-boosting properties of this product have made it a subject of extensive
research during the pandemic. Research conducted in 2020 at the Unité de
Glycobiologie Structurale et Fonctionnelle (UGSF) indicated its effectiveness
in enhancing immune defenses before the onset of respiratory virus infections,
including SARS-CoV-2.
The COVID-19
outbreak has prompted key industry players to focus on producing
health-promoting and immunity-boosting products. Leading beta-glucan
manufacturer, Lallemand Bio-Ingredients, anticipates that the demand for
beta-glucans, especially post-pandemic, will match that of vitamins and omega-3
supplements.
Despite its
considerable nutritional advantages, manufacturers face challenges regarding
the compatibility of this product with other food components. Additionally,
maintaining its nutritional composition during processing and preventing
degradation pose difficulties. These factors are expected to present challenges
in the market throughout the forecast period.
The Global Yeast
Beta-glucan Market is segmented into application, regional distribution, and
company
Based on its application,
the food and beverage sector were the dominant force in the market in 2022 and
is expected to maintain its leading position throughout the projected period.
The primary driver for market growth during this time is the rising consumption
of functional foods and dietary supplements worldwide. The affordability of the
product is predicted to be a major factor driving demand for its use in animal
feed applications. The segment related to animal feed is anticipated to
experience the highest growth rate in terms of revenue during the forecast
period. The key advantages of the product include bolstering the immune system
of animals, increasing antibody levels following vaccinations, and enhancing
resistance to microbial infections.
In the personal
care and cosmetics sector, the product is primarily utilized in skincare
products such as moisturizers, toners, conditioners, and sunscreen lotions. The
increasing spending by consumers, particularly among women in developing
countries, is expected to create new opportunities for the product in personal
care and cosmetics applications.
Based on region,
Asia Pacific secured the largest portion of revenue in 2022. This can be
attributed to the presence of numerous companies engaged in food processing,
cosmetics, and personal care product manufacturing across Asian nations like
India, China, South Korea, and Japan. The region boasts a significant diversity
in terms of income levels, demographics, and dietary preferences. The
increasing demand for food products enriched with higher nutritional value,
along with the growing disposable income of consumers, is expected to
positively influence the industry's growth.
Meanwhile, the
Middle East and Africa are projected to witness the swiftest revenue growth in
the forecast period. The GCC (Gulf Cooperation Council) countries, in
particular, are experiencing a rising demand for healthy food products with
clear ingredient labels. Consequently, the demand for natural ingredients like
yeast beta-glucan is anticipated to surge in the coming years.
Saudi Arabia and the U.A.E. serve as focal points for processed food
products in this region. The younger generation in GCC countries is displaying
a preference for healthier and natural products, which is expected to drive
market growth throughout the forecast period.
Major companies operating in Global Yeast Beta-glucan Market
are:
- Cargill Inc
- Lesaffre Yeast Corp
- EMD Millipore Corp
- Biorigin USA LLC
- Kerry Group PLC
- Lallemand Inc
- Specialty Biotech Co.,LTD.
- VW-Ingredients
- Angel Yeast Co., Ltd.
- Leiber GmbH
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The global
yeast beta-glucan market is evolving in response to shifting consumer
preferences and industry innovations. The upcoming trends in expanding
applications, plant-based alternatives, cosmetics and personal care,
biotechnology and pharmaceutical advancements, customization, clean label,
sustainability, and regulatory harmonization will shape the market's future
landscape,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Yeast Beta-glucan Market By Application
(Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Animal
Feed, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Yeast Beta-glucan Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Yeast Beta-glucan Market.
Contact
Techsci Research LLC
420 Lexington Avenue
Suite 300, New York
United States- 10170
M: +13322586602
Email: [email protected]
Web: https://www.techsciresearch.com