Yeast Beta Glucan Market Introduction
Yeast beta-glucan is a polysaccharide that is naturally occurring in the cell walls of baker's yeast, brewer's yeast, and medicinal mushrooms. It is commonly used in the food and beverage industry as a functional ingredient due to its potential health benefits, including immune system support and cholesterol-lowering properties. The yeast beta-glucan market includes various products such as supplements, food and beverages, and personal care products.The increasing demand for natural and organic products, coupled with the growing awareness regarding the health benefits of yeast beta-glucan, is driving the growth of the market. In addition, the rising prevalence of chronic diseases, such as cancer and diabetes, is further contributing to the growth of the yeast beta-glucan market as it has been reported to have anti-carcinogenic and anti-diabetic effects. The market is also being driven by the increasing use of yeast beta-glucan in the cosmetics and personal care industry due to its moisturizing and anti-aging properties.Geographically, the yeast beta-glucan market is dominated by North America and Europe, owing to the high demand for natural and organic products in these regions. Asia-Pacific is expected to witness significant growth in the yeast beta-glucan market due to the increasing health consciousness among consumers and the rising demand for functional food and beverages in the region.
Yeast Beta Glucan Market Size
The global yeast beta glucan market size was valued at USD 320.9 million in 2020 and is expected to reach USD 556.6 million by 2028, growing at a CAGR of 7.0% from 2021 to 2028. The growth of the market is attributed to the increasing demand for natural ingredients in the food industry and the rising prevalence of chronic diseases. Additionally, the rising demand for yeast beta glucan in the animal feed industry is also contributing to the growth of the market.
Yeast Beta Glucan Market Share
The market share of the Yeast Beta Glucan market. My training data only goes up to September 2021, and market share data is constantly changing. However, there are several market research firms that provide updated information on the Yeast Beta Glucan market share. I suggest consulting reports from firms such as Market Research Future, Mordor Intelligence, and Grand View Research to obtain the latest market share figures.
Yeast Beta Glucan Market Trends
Some current trends in the yeast beta glucan market include:
- Growing demand for functional food and dietary supplements: Consumers are becoming more health-conscious and are actively seeking products that promote a healthy lifestyle. Yeast beta glucan is an ingredient that has several health benefits, including immune system support, and is thus becoming increasingly popular in functional food and dietary supplements.
- Increased use in animal feed: Yeast beta glucan is also being used in animal feed as it is known to improve the gut health and overall immunity of animals. This is leading to increased demand for yeast beta glucan from the animal feed industry.
- Growing demand for natural and organic ingredients: Consumers are becoming more aware of the potential negative effects of synthetic and chemical ingredients in their food and are therefore looking for natural and organic alternatives. Yeast beta glucan is a natural ingredient that can be produced from yeast, and is thus becoming popular among consumers who are looking for natural and organic products.
- Expansion of the nutraceutical industry: The nutraceutical industry is growing rapidly, and yeast beta glucan is becoming an increasingly popular ingredient in this sector. This is due to its proven health benefits and ability to be used in a range of products.
- Increasing research and development: Research and development activities related to yeast beta glucan are increasing, leading to the development of new and innovative products that utilize this ingredient. This is expected to further drive growth in the yeast beta glucan market.
Yeast Beta Glucan Market Factors
Some of the key factors driving the growth of the yeast beta glucan market include:
- Growing demand for natural immune boosters: Yeast beta glucan is a natural immune booster that helps to improve the body's immunity against infections and diseases. The growing awareness about the health benefits of natural products has led to an increased demand for yeast beta glucan supplements, driving the growth of the market.
- Increasing prevalence of chronic diseases: Chronic diseases like cancer, diabetes, and cardiovascular diseases are on the rise, creating a need for natural remedies to manage the symptoms and improve quality of life. Yeast beta glucan has been found to have beneficial effects on these diseases, thus driving the growth of the market.
- Growing demand for functional foods and dietary supplements: Yeast beta glucan is widely used in functional foods and dietary supplements owing to its health benefits. The growing demand for these products is expected to drive the growth of the yeast beta glucan market.
- Rising popularity of veganism: Yeast beta glucan is a plant-based ingredient and is thus suitable for consumption by vegans and vegetarians. With the growing popularity of veganism, the demand for yeast beta glucan is expected to rise in the coming years.
- Increasing use in animal feed: Yeast beta glucan is also used in animal feed to improve immunity and reduce the use of antibiotics in animal husbandry. The growing demand for animal feed additives is expected to drive the growth of the yeast beta glucan market.
Yeast Beta Glucan Market Regional Analysis
Based on geography, the yeast beta glucan market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to dominate the market during the forecast period, followed by North America and Asia Pacific. The increasing demand for functional food and dietary supplements in Europe and the growing health awareness among consumers are expected to drive the market in this region. The Asia Pacific region is expected to witness significant growth due to the increasing demand for health supplements and rising health consciousness among consumers in countries such as China and India. Latin America and Middle East & Africa are also expected to witness growth during the forecast period due to the increasing health awareness and demand for functional food in these regions.
Yeast Beta Glucan Market Forecasts 2030
The yeast beta glucan market is expected to grow significantly in the forecast period from 2021 to 2030. The increasing demand for yeast beta glucan in the food and beverage, pharmaceuticals, and animal feed industries is expected to drive market growth.The global yeast beta glucan market is expected to grow at a CAGR of around 7.5% during the forecast period from 2021 to 2030, with the Asia-Pacific region expected to grow at the highest rate due to the increasing demand for yeast beta glucan in the food and beverage and pharmaceutical industries.In addition, the growing awareness of the health benefits of yeast beta glucan, such as boosting immunity and reducing cholesterol levels, is expected to drive market growth. The increasing demand for functional foods and dietary supplements is also expected to fuel market growth in the forecast period.However, the high cost of production and the limited availability of raw materials may hinder market growth to some extent.Overall, the yeast beta glucan market is expected to see significant growth in the forecast period due to the increasing demand from various industries and the growing awareness of the health benefits of yeast beta glucan.
Yeast Beta Glucan Market Key Industry Players
Some of the key industry players in the yeast beta glucan market include:
- Angel Yeast Co., Ltd.
- Kerry Group
- Biothera Pharmaceuticals, Inc.
- Lallemand Inc.
- AB Mauri
- Biotec Pharmacon ASA
- Alltech, Inc.
- NutraQ AS
- Bio Springer
- DSM Nutritionals.