Yeast Extract and Beta Glucan Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021
Albany, NY -- (SBWIRE) -- 07/22/2015 -- According to a new market report published by Transparency Market Research "Yeast Extract and Beta Glucan Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021", global yeast extract and beta glucan market was valued at USD 631.5 million in 2014 and is expected to reach USD 1,054.5 million by 2021, growing at a CAGR of 7.6% from 2015 to 2021. Europe dominated the global yeast extract and beta glucan market in terms of demand over the forecast period. Further, Asia Pacific is expected to be the most promising market for yeast extract and beta glucan in the near future.
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The global yeast extract and beta glucan market is primarily driven by rise in demand for flavoring ingredients in the baking and brewing industry. Yeast extract and beta glucan is used for industrial as well as commercial purposes. In addition, yeast extract is used as natural catalysts in the large-scale fermentation process for the production of probiotics, nutritional dietary supplements and industrial ethanol. Yeast beta glucans are largely used in medicines to manage diabetes and high cholesterol. These are also used in immune stimulation to boost the immune system. Yeast extract is considered as an ingredient, while yeast beta glucans is considered as an additive in the food industry.
The yeast extract held the largest market share in 2014. Yeast beta glucan is expected to grow at a CAGR of 7.2% from 2015 to 2021. The yeast beta glucan held the second largest market share of yeast extract and beta glucan in 2014. Yeast extract is the fastest growing market segment in the overall yeast extract and beta glucan market and is expected to grow at a CAGR of 7.8% over the forecast period.
Among different application segments, bakery and processed food is the largest market at present and is expected to maintain its leading position throughout the forecast period. However, the other segment which includes cosmetics, bio-fuel and animal feed is the fastest growing segment and is expected to experience robust growth throughout the forecast period.
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Europe is the market leader for yeast extract and beta glucan at present, growing at a CAGR of 7.5% from 2015 to 2021. North America is the other major region, where yeast extract and beta glucan sales are strong and the region is expected to grow with a stable CAGR from 2015 to 2021, followed by Asia Pacific. In Europe, France dominated the market for yeast extract and beta glucan followed by UK and Italy. In North America, the U.S. and Canada are the major markets growing at CAGR of 7.3% and 8.3% respectively from 2015 to 2021. In Asia Pacific, Japan was the most attractive market for yeast extract and beta glucan in 2014.
Angel Yeast Co. Ltd.,AHD International, LLC, AB Mauri,ABF Ingredients, Alltech Inc., Biotec Pharmacon ASA, Bio Springer, Lallemand Inc., Specialty Biotech Co. Ltd, Chr. Hansen A/S, Royal DSM N.V. are some of the key players operating in yeast extract and beta glucan market globally.
This research study is specially designed to estimate and analyzed the demand and usage of yeast extract and beta glucan in a global scenario. Under the scope of the report, yeast extract and yeast beta glucan are covered. The research study provides detail analysis of yeast extract and beta glucan product manufacturers, sales of yeast extract and beta glucan based products and trend analysis by segments and demand by geography. The scope of the study presents a comprehensive evaluation of the stakeholder strategies and winning imperatives for them by segmenting the yeast extract and beta glucan market as below:
Global yeast extract and beta glucan market has been segmented as follows:
Global yeast extract and beta glucan market, by product type
Global yeast extract and beta glucan market, by application type
Bakery and Processed Food
Dairy and functional food products
Others (animal feed, bio-fuels, cosmetics etc)
In addition, the report provides cross-sectional analysis of all the above segments with respect to the following geographies:
Global yeast extract and beta glucan, by geography
Rest of Europe
Rest of Europe
Rest of the World (RoW)
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