Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- The report points out that the rise in demand for processed food owing to increasing urbanization has propelled the global yeast extract and beta glucan market. Extensive usage of cellulosic bio-fuels, coupled with the increasing popularity of probiotic functional food among consumers, has further augmented the growth of the global yeast extract and beta glucan market. However, the report states that the shortage of molasses will pose a challenge to the market's growth during the forecast horizon. The global yeast extract and beta glucan market has a huge opportunity to grow in the near future with the increasing usage of yeast extract and beta glucan in the processed food industry for a range of new solutions. Broad applications of yeast extract and its derivatives in untapped sectors such as cosmetics, medicines, and dietary supplements will also create new growth avenues for the market.
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On the basis of product type, the report segments the global yeast extract and beta glucan market into yeast beta glucan, yeast extract, and yeast cell wall. The report mentions that in 2014, yeast extract held the largest market share, closely followed by yeast beta glucan. During the forecast horizon, the yeast beta glucan segment is expected to grow at a CAGR of 7.2%. Yeast extract will be the fastest growing segment in the overall market, expanding at a CAGR of 7.8% during the period between 2015 and 2021.
In terms of applications, the report categorizes the global yeast extract and beta glucan market into beverages, pharmaceuticals, bakery and processed food, dairy and functional food products, and others including cosmetics, bio-fuel, and animal feed. The bakery and processed food segment leads the overall market at present and is expected to continue its dominance during the forecast horizon. However, the demand for yeast extract and beta glucan from the cosmetics, bio-fuel, and animal feed industries is expected to surge significantly in the near future.
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The report segments the global yeast extract and beta glucan market into four key regions: Asia Pacific, Europe, North America, and Rest of the World. Europe is the largest market for yeast extract and beta glucan and is estimated to grow at a CAGR of 7.5% during the period between 2015 and 2021. North America and Asia Pacific are also expected to display robust growth during the forecast period.
The report profiles some of the key players in the global yeast extract and beta glucan market, such as AHD International LLC, Bio Springer, Angel Yeast Co. Ltd., AB Mauri, Alltech Inc., ABF Ingredients, Biotec Pharmacon ASA, Lallemand Inc., Chr. Hansen A/S, Specialty Biotech Co. Ltd, and Royal DSM N.V.
The research study has been segmented as below:
Yeast Extract and Beta Glucan Market, by product type
- Yeast Extract
- Yeast Beta
Yeast Extract and Beta Glucan Market, by application
- Bakery and Processed Food
- Dairy and Processed Food
- Others (animal feed, bio-fuels, cosmetics)
Yeast Extract and Beta Glucan Market, by geography
- North America
- Asia Pacific
- Rest of the World
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Source:Transparency Market Research