The global yeast extract and beta glucan market is anticipated to be strengthened by the presence of better distribution channels. Various distribution channels are foreseen to grab attention of several key players in the market. Carrefour, Sainsbury’s, Walmart are some of giant retailers which could choose the retail chains and superstores to sell yeast extracts all over the world. Amazon is another such name that is expected to contribute in increasing the distribution of yeast extract in various parts of the world. Some of the other key players operating in the global yeast extract and beta glucan market are AHD International LLC, ABF Ingredients, Bio Springer, AB Mauri, Angel Yeast Co. Ltd., Alltech Inc., Lallemand Inc., Biotec Pharmacon ASA, Specialty Biotech Co. Ltd., and Chr. Hansen A/S.
According to a recent report published by Transparency Market Research (TMR), the global yeast extract and beta glucan market is anticipated to witness a robust CAGR of 7.6% within the forecast period from 2015 to 2021. The market is valued around a worth of US$1.05 bn by the end of year 2021. The food and beverages sector is likely to lead the market in forthcoming years with an anticipated CGAR of 7.8%, with a significant demand all over the world. Regionally, Asia Pacific and North America region with a more promising scope in future, even though Europe is expected to be a larger market as per the region.
Rising Application of High-Quality Yeast Products to Fuel Demand in Market
The global yeast extracts and beta-glucan market is driven by factors, for example, increase in demand for yeast extract and beta-glucan among health-conscious buyers. What’s more, rise in uses of yeast and high-quality yeast products in the food and beverages sector and consistent investment in R&D for the advancement of new products help the market development. Besides, rise in cholesterol levels, and increase in the cases of diabetes and obesity have pushed the market of yeast extract and beta-glucans for making drugs, which are additionally used to help the immune system.
Lack of Molasses as Per Source of Raw Materials Are Influencing Market Growth
The demand for yeast extract and beta-glucan items has grown because of change in food habits and increase in utilization of processed food combined with high discretionary cashflow in developing nations. Besides, rising use of yeast extract in the processed food sector industry has prompted growth in the number of manufacturers of yeast.
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Factors, for example, lack of molasses and convenient accessibility of affordable substitutes regarding sources of raw materials have influenced the sales with reference to yeast extract and beta-glucan manufacturers to create distinguished products. The undiscovered sectors for yeast extracts applications give wide range of opportunities for advancement.