Global Yeast Beta-Glucan Market Report Overview
TechSci Research's report, titled "Yeast Beta-Glucan Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," reveals that the Global Yeast Beta-Glucan Market reached a valuation of USD 198.70 million in 2022 and is poised to experience a Compound Annual Growth Rate (CAGR) of 8.54% during the forecast period from 2024 to 2028. This robust growth can be attributed to several key factors, prominently, its role in animal nutrition and health.
Driving Force: Yeast Beta-Glucan in Animal Nutrition
Yeast beta-glucan has gained substantial traction in animal nutrition, particularly in aquaculture and poultry farming. Its unique ability to bolster immune responses and enhance livestock health has resulted in its inclusion as an additive in animal feed. As the demand for high-quality and healthy animal products continues to rise, so does the demand for yeast beta-glucan within the agricultural sector.
Harmonizing Regulatory Approval
Regulatory approval for yeast beta-glucan varies across regions and industries. A noteworthy trend is the pursuit of regulatory harmonization, aimed at streamlining the approval process and facilitating global market access. As regulatory bodies align their standards, manufacturers will find it easier to introduce yeast beta-glucan products to a global audience.
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Health-Conscious Consumers and Immunity Enhancement
The global demand for functional foods is on the rise due to increasing chronic illnesses and a growing elderly population. Vulnerable groups, especially children and women in developing countries, are at risk of weakened immune systems. These factors, coupled with a rising health consciousness among consumers, are expected to drive the need for immunity-enhancing ingredients like yeast beta-glucan.
Shift Towards Preventative Health Measures
Consumers are increasingly focusing on preventative health measures rather than seeking treatment after falling ill. Innovations in the nutrition sector are projected to boost demand for nutraceuticals and medicines containing yeast beta-glucan over the forecast period.
Dominance of the United States
In 2021, the United States dominated the North American market, holding a substantial share of over 75.0%. This dominance is expected to persist in the coming years, driven by high consumer spending on functional foods and dietary supplements.
Pandemic-Driven Research and Demand
The immune-boosting properties of yeast beta-glucan gained extensive attention during the COVID-19 pandemic. Research conducted in 2020 indicated its effectiveness in enhancing immune defenses, including against respiratory virus infections like SARS-CoV-2. Industry leaders are now focusing on producing health-promoting and immunity-boosting products, with Lallemand Bio-Ingredients anticipating post-pandemic demand similar to that of vitamins and omega-3 supplements.
Challenges in Compatibility and Processing
Despite its significant nutritional advantages, manufacturers face challenges related to the compatibility of yeast beta-glucan with other food components. Additionally, maintaining its nutritional composition during processing and preventing degradation pose difficulties, which are expected to persist throughout the forecast period.
What Will You Get in the Sample Report
The sample report offers an in-depth analysis of the Global Yeast Beta-Glucan Market, providing insights into its size, trends, competition forecast, and growth opportunities. It serves as a valuable resource for investors, industry stakeholders, and healthcare professionals seeking to make informed decisions in the nutrition and health sectors.
Who Will Benefit from This Report
This report is indispensable for various professionals and organizations, including food and beverage companies, animal nutrition providers, regulatory bodies, and research institutions. It equips them with the knowledge necessary to navigate the dynamic landscape of yeast beta-glucan and capitalize on emerging opportunities.
In-Depth Insights into Yeast Beta-Glucan Applications
The Global Yeast Beta-Glucan Market is segmented based on its applications, regional distribution, and key companies operating within the market.
Application Dominance: Food and Beverage Sector
In 2022, the food and beverage sector emerged as the dominant force in the market and is expected to maintain its leading position throughout the projected period. The driving force behind this growth is the increasing consumption of functional foods and dietary supplements worldwide. The affordability of yeast beta-glucan is predicted to be a major driver, particularly in its use within 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. Key advantages include bolstering the immune system of animals, increasing antibody levels following vaccinations, and enhancing resistance to microbial infections.
Personal Care and Cosmetics Sector
In the personal care and cosmetics sector, yeast beta-glucan is primarily utilized in skincare products such as moisturizers, toners, conditioners, and sunscreen lotions. The growing consumer expenditure, especially among women in developing countries, is expected to create new opportunities for yeast beta-glucan in personal care and cosmetics applications.
Regional Insights: Asia Pacific Leads
Asia Pacific secured the largest share 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 significant diversity in income levels, demographics, and dietary preferences. The increasing demand for food products enriched with higher nutritional value, combined with the growing disposable income of consumers, is expected to positively influence the industry's growth.
Rapid Growth in the Middle East and Africa
The Middle East and Africa are projected to witness the swiftest revenue growth during the forecast period. The GCC (Gulf Cooperation Council) countries, in particular, are experiencing 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. are focal points for processed food products in this region, and the younger generation in GCC countries is displaying a preference for healthier and natural products, 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
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.
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