Asia Pacific Yeast Extracts and Beta-Glucan Market Size, Share & Industry Trends Analysis Report By Type (Yeast Extract and Yeast Beta-Glucan), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Yeast Extracts and Beta-Glucan Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
The growth of the yeast extract and Beta-glucan market has been accelerated by an increase in demand for functional foods in developing nations as well as rising concerns about a healthy lifestyle. Despite the numerous advantages of yeast extracts and Beta-glucan, they might produce adverse reactions such as skin irritation, diarrhea, gas, bloating, and stomach discomfort when consumed. Yeast extract's nutrient-dense composition provides nutrients for a wide range of applications. It is also being widely used as a human vitamin supplement. It's high in nucleotides and proteins, and it's used as a dietary supplement in animal feed as well as in microbiology. Because of its moisturizing and purported antioxidant effects, it is frequently being used in skincare and cosmetics products.
Baker's yeast and brewer's yeast are the most common sources of yeast-derived beta-glucans. Beta-glucans derived from baker's yeast cell walls have a diverse molecular linkage and branching pattern than those extracted from brewer's yeast cell walls, which affects the immune-modulating characteristics of the final product. Baker's yeast beta-glucan has been shown to have immune-modulatory qualities, although various strains generate beta 1,3/1,6 glucans with variable molecular patterns, which affects their immunomodulatory function.
Due to rising health consciousness among consumers along with increasing disposable incomes, the regional yeast extract and the beta-glucan market is expected to rise rapidly throughout the forecast period. China, Japan, and Singapore are estimated to make major contributions to its growth. In addition, the two primary pillars that are driving the glucan market across the region are the significant growth of the pharmaceutical sector and the growing food and beverage sectors. Consumers in nations such as China, Japan, India, and others, on the other hand, are growing more conscious and sensitive to their health and appearance. Due to this, people across these countries are significantly leveraging the benefits of yeast extracts and beta-glucan in order to enhance their skin.
The China market dominated the Asia Pacific Yeast Extracts and Beta-Glucan Market by Country in 2021, and would continue to be a dominant market till 2018; thereby, achieving a market value of $182.4 Million by 2028. The Japan market is anticipated to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 9.1% during (2022 - 2028).
Based on Type the market is segmented into Yeast Extract and Yeast Beta-Glucan. Based on Application, the market is segmented into Food & Beverages, Animal Feed, Pharmaceutical, Cosmetic, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Yeast Extracts and Beta-Glucan Market is Projected to reach USD 2.3 Billion by 2028, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Chr. Chr. Hansen holding A/S, Associated British Foods PLC (Wittington Investments Limited), Archer Daniels Midland Company, Alltech, Inc., Thai Foods International Co., Ltd., Nutra Green Biotechnology Co., Ltd., Lesaffre Group, Angel Yeast Co., Ltd., Lallemand, Inc., and Specialty Biotech Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Yeast Extract
- Yeast Beta-Glucan
- Food & Beverages
- Animal Feed
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Chr. Hansen holding A/S
- Associated British Foods PLC (Wittington Investments Limited)
- Archer Daniels Midland Company
- Alltech, Inc.
- Thai Foods International Co., Ltd.
- Nutra Green Biotechnology Co., Ltd.
- Lesaffre Group
- Angel Yeast Co., Ltd.
- Lallemand, Inc.
- Specialty Biotech Co., Ltd.
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