Yeast Extract and Yeast Beta Glucan (Yeast Extract, Yeast Beta Glucan and Yeast Cell Wall) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
Albany, NY -- (SBWIRE) -- 04/17/2015 -- In the next six years the global yeast extracts and yeast beta glucan market is expected to grow at a rapid pace. This market will be largely driven by a huge demand for processed food in a world experiencing rapid urbanization, increasing usage of cellulosic bio-fuels, and awareness about the benefits of probiotic functional food. The growing number of women workers is also driving the global yeast extracts and yeast beta glucan market in indirect ways. As women take up jobs beyond the roles of homemaking, it is compromising the dedication required to prepare elaborate meals. This in turn in driving the packaged food industry, which depends on the global yeast extracts and yeast beta glucan market. Yeast extract is a type of water-soluble and complex form of yeast that is used to prepare several snacks, soups, and sauces.
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Baking and Brewing Industries Drive Global Yeast Extracts and Yeast Beta Glucans Market
The application of yeast extracts and yeast beta glucans is seen in both commercial and industrial segments. Yeast extracts play the vital role of flavoring ingredients in the baking and brewing industries. They are also used as natural catalysts in several fermentation processes done on a large scale while manufacturing industrial ethanol.
One of the primary growth drivers for yeast extract is declining crude oil resources, a fact that is pressuring governments and private organizations to develop alternative and sustainable solutions to petrol and diesel. As a solution to the impending energy crisis, cellulosic biodiesel, which uses yeast extract, is being extensively developed and used. This has also augmented the market for yeast extract.
Yeast Extract Segment to Dominate Global Yeast Extract and Yeast Beta Glucan Market
The global yeast extract and yeast beta glucan market is segmented into the two eponymous products, yeast extract and yeast beta glucan. Yeast extracts are widely used in the processed food industry for various purposes. Their usage has grown tremendously in the last decade as consumption of packaged food has increased by leaps and bounds. Additionally, yeast extracts are also excellent substitutes for salt in several food products as they contain glutamic acid. Owing to these reasons, the yeast extracts segment dominated the global yeast extract and yeast beta glucan market in 2012. The market value of both the segments put together was estimated at US$550 million in 2012.
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Europe Leads Global Yeast Extract and Yeast Beta Glucan Market
The geographical segmentation of the global yeast extract and yeast beta glucan market is inclusive of North America, Europe, Asia Pacific, and Rest of the World. Out of these regions, Europe held the lion's share of 37% in 2012, in terms of revenue. The factors supporting this stupendous business growth in the global yeast extract and yeast beta glucan market were high demand for yeast extract from the baking and brewing industry.
The market's growth in European nations will face a tough competition from the Asia Pacific region as the demand for yeast extract and yeast beta glucan is projected to rise tremendously due to the growing popularity of packaged food. Rising disposable incomes in the Asia Pacific region, changing lifestyles, innovative product development, and increasing awareness about probiotic functional foods are the factors driving the yeast extract and yeast beta glucan market in this region. North America is also one of the promising regions for the growth of the yeast extract and yeast beta glucan market in the coming six years.
Some of the key players dominating the global yeast extract and yeast beta glucan market are DSM N.V., Associated British Foods, Specialty Biotech Co. Ltd, Lallemand Inc., Biotec Pharmacon ASA, LuraLean, Lyfe, Maxarome, Multirome, and Gistex.
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