Yeast Beta-glucan Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Animal Feed), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global yeast beta-glucan market size was valued at USD 174.2 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2022 to 2030. Growing product demand in functional food and animal feed applications is expected to be a key driving factor for the market over the forecast period.

The rising number of chronic diseases and burgeoning geriatric population are among the key factors that are fueling the demand for functional foods across the globe. Children and women, especially in developing countries, are more prone to low immunity levels. The aforementioned factors, coupled with the rising consumer awareness regarding health, are expected to propel the demand for immunity-boosting ingredients such as the product.

A significant number of consumers are opting for preventive regimens rather than after-treatment medications. Product innovations, especially in the nutrition segment, are expected to propel the demand for yeast beta-glucan-containing nutraceuticals and medicines over the projected period.

The U.S. accounted for the largest volume share of over 75.0% in the North American market in 2021 and is expected to maintain its lead throughout the forecast period. High consumer spending on functional food items and dietary supplements is expected to drive the product demand in the country over the projected period.

The immune-boosting properties made the product one of the most researched ingredients during the pandemic. Research carried out in Unité de Glycobiologie Structurale et Fonctionnelle (UGSF) in 2020 concluded that it helps in improving immune defense before a patient is contracted with respiratory virus infections, especially SARS-CoV-2.

The outbreak of COVID-19 has shifted the attention of key players toward manufacturing healthy and immunity-boosting. According to the leading manufacturer of beta-glucan, Lallemand Bio-Ingredients, the demand for beta-glucans, especially post-pandemic, is expected to match the demand for vitamins and omega-3 tablets.

Though the product offers great nutritional benefits, the manufacturers are facing challenges regarding its compatibility with other food components. Moreover, manufacturers find it difficult to keep the nutritional composition during processing and eliminate the risk of degradation. These factors are anticipated to create a challenge in the market over the forecast period.

Application Insights

The food and beverages segment dominated the market and accounted for a revenue share of over 30.0% in 2021. It is projected to maintain its lead throughout the forecast period. Increasing intake of functional foods and dietary supplements across the globe is likely to be the key factor for the market growth over the projected period.

The low cost of the product is expected to be a primary reason for its demand in animal feed applications. The animal feed application segment is anticipated to exhibit the fastest growth rate of 9.0% in terms of revenue over the forecast period. The major product benefits include enhanced immune status of animals, increased antibody titers after vaccination, and increased resistance against microbial infections.

In the personal care and cosmetics segment, it is mainly used in skincare products such as skin moisturizers, toners, conditioners, and sunscreen lotions. Increasing consumer spending, especially in women from developing countries, is expected to open new opportunities for the product in personal care and cosmetics applications.

Regional Insights

Asia Pacific accounted for the largest revenue share of over 30.0% in 2021. Numerous food processing, cosmetics, and personal care product manufacturing companies in Asian countries including India, China, South Korea, and Japan are supporting the product demand in this region.

The region is highly diversified in terms of income, demographics, and dietary requirements. The surging demand for food products containing the higher nutritional value, coupled with the rising spending capacities of the consumers, is expected to have a positive impact on the industry growth.

The Middle East and Africa is anticipated to exhibit the fastest growth rate in terms of revenue over the forecast period. The demand for healthy food products with clean labels is evolving in the GCC (Gulf Cooperation Council) countries. As a result, the demand for natural ingredients like yeast beta-glucan is expected to increase over the forecast period.

Saudi Arabia and the U.A.E. are hubs for processed food products in the region. The younger generation in GCC countries is consuming healthier and natural products, which is expected to drive the market over the forecast period.

Key Companies & Market Share Insights

The market is characterized by the limited presence of players in the market. The Yeast Beta-Glucan manufacturers are particularly focusing on R&D activities in their respective segments of product offerings, for its expanding or widening usage across end-use applications.

Companies in this domain are bound to benchmark their products against regulations following USDA organic food parameters. Some of the regulations followed by these companies can be named USDA Organic, ESFA, GMP, and FSSAI among others. Some prominent players in the global yeast beta-glucan market include:

• Cargill, Incorporated

• Lesaffre Human Care

• EMD Millipore

• Biorigin

• Kerry Group plc

• Lallemand, Inc.

• Specialty Biotech Co., Ltd.

• Van Wankum Ingredients

• Angel Yeast Co., Ltd.

• Leiber

Yeast Beta-glucan Market Report Scope

Segments Covered in the Report

This report forecasts volume and revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global yeast beta-glucan market report on the basis of application and region:

• Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

  • Food & Beverages

  • Personal Care & Cosmetics

  • Pharmaceuticals

  • Animal Feed

  • Others

• Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa