Global Yeast Extract and Yeast Beta Glucan Market Is Expected To Reach USD 906.5 Million by 2019
Albany, New York, USA (PRWEB) September 12, 2014
Transparency Market Research has launched a new market report titled “Yeast Extract and Yeast Beta Glucan (Yeast Extract, Yeast Beta Glucan and Yeast Cell Wall) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.” According to the report, the yeast extract and yeast beta glucan market was valued at USD 550 million in 2012 and is anticipated to reach USD 906.5 million in 2019, expanding at a CAGR of 7.4% from 2012 to 2019.
Browse the full Global Yeast Extract and Yeast Beta Glucan Market Report at http://www.transparencymarketresearch.com/yeasts-products-market.html
Yeast extract and yeast beta glucan market has grown significantly over the past few years. This trend is estimated to continue in the next six years due to rising demand for processed food and increasing popularity of probiotic functional food among consumers. However, the yeast extracts and yeast beta glucan market has been affected by the shortage of molasses, which is a major raw material source for the production of yeast and yeast extracts. Broad application of yeast extract and its derivatives in various untapped sectors such as cosmetics, medicines and dietary supplements is likely to provide opportunities for new as well existing players in the yeast extract and yeast beta glucan market in the near future.
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Yeast extract dominated the market in 2012, accounting for 78.6% of the total market revenue in the year. This was followed by yeast beta glucan (21.4%). In terms of revenue, Europe dominated the market, constituting 37.4% share in 2012. This was followed by North America and Asia Pacific. Furthermore, Asia Pacific is projected to be the most promising market, expanding at a CAGR of 7.8% in terms of revenue from 2013 to 2019. Economies such as China, India, Thailand, Indonesia and Japan are expected to be the primary contributors to the growth of the market in Asia Pacific. High volume of processed food consumption, changes in eating trends and rising disposable income are some of the factors driving the yeast extract and yeast beta glucan market in Asia Pacific regions.
Multiple brands operate in the yeast extract and yeast beta glucan market; however, none of them hold a significant market share. Major brands in the yeast extract and yeast beta glucan market include Maxarome, Multirome and Gistex (DSM), LuraLean (AHD International), and Lyfe and Engevita (Lallemand Inc.).
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Yeast Extract and Yeast Beta Glucan Market: Product Analysis
- Yeast Extract
- Yeast Beta Glucan
Yeast Extract and Yeast Beta Glucan Market: Regional Analysis
- North America
- Asia Pacific
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