According to a new report, published by KBV research, The Global Yeast Extracts and Beta-Glucan Market size is expected to reach $2.3 billion by 2028, rising at a market growth of 7.9% CAGR during the forecast period.
The Yeast Extract segment acquired maximum revenue share in the Global Yeast Extracts and Beta-Glucan Market by Type in 2021, thereby, achieving a market value of $1.6 billion by 2028. The yeast extract comes from the fermentation of yeast. It consists of amino acids, vitamins, minerals, and other health-promoting ingredients. Baker's yeast and brewer's yeast are among the yeasts that are utilized in this product. The constantly rising growth for this segment is attributed to the increasing demand for Agar. Yeast extract agar is a nutrient-dense medium that can be used to grow a variety of bacteria, yeasts, and molds. In addition, plate enumeration formula of microorganisms in water is commonly being leveraged to produce Yeast Extract Agar.
The Pharmaceutical market is showcasing a CAGR of 9% during (2022 - 2028). Yeast beta-glucan is utilized as an additive in vaccines due to the fact that it has immunostimulatory qualities that aid in the stimulation of the human immune system against infectious diseases such as influenza A and C, hepatitis B, and bacterial infections such as tuberculosis. Additionally, Eczema, gout, infectious diarrhoea, and various cardiac conditions can also be treated with the utilization of yeast. It can aid in the reduction of cholesterol and the strengthening of the immune system. It has the potential to improve both mental and physical health. Hence, the hectic lifestyle of people in the modern era is estimated to play a major role in accelerating the growth of the yeast extracts and beta-glucan market over the coming years.
Europe is the fastest growing region in the Global Yeast Extracts and Beta-Glucan Market by Region in 2021, and would continue to be a dominant market till 2018; thereby, achieving a market value of $783.4 Million by 2028. The North America market is estimated to witness a CAGR of 7.4% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 8.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/yeast-extracts-and-beta-glucan-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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