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Yeast Beta-glucan Market Size

Report ID: GMI5294
Published Date: Feb 2023
Report Format: PDF

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Yeast Beta-glucan Market Size

Yeast Beta-glucan Market size valued at USD 165 million in 2022 and is anticipated to expand at 9.5% CAGR from 2023 to 2032, driven by rising meat consumption globally.

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Global meat consumption per person is expected to rise 0.3% annually to 35.4 kg in retail weight equivalent by 2030, according to the OECD-FAO agriculture outlook, resulting from rapid urbanization. Beta glucans have emerged as an important animal feed ingredient for animal nutrition resulting from the rising interest in functional foods and the new laws that forbid the use of antibiotics that promote growth, resulting in rising product demand as an additive in animal feed products, which is a major factor supporting the market growth.

Yeast Beta-glucan Market Report Attributes
Report Attribute	Details
Base Year:	2022
Yeast Beta-glucan Market Size in 2022:	USD 165 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	9.6%
2032 Value Projection:	USD 409 Million
Historical Data for:	2018 to 2022
No. of Pages:	278
Tables, Charts & Figures:	434
Segments covered:	Form, Purity, Application, Region
Growth Drivers:	Rise in inclination towards processed food with nutritional value Surging demand for health and wellness products Increase in meat & meat products consumption along with the adoption of immunity boosters in animal feed
Pitfalls & Challenges:	High extraction cost and certain side-effects

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High extraction costs associated with production processes to impede industry expansion

The extraction of yeast beta glucan from spent brewer's yeast and baker's yeast is not an expensive method but recovering the product from the produced extract is costly, which may hamper product adoption. However, various technologies for the manufacturing and purification of yeast-glucan have been developed, and new techniques are constantly being studied. Strong investments in R&D to develop cost-effective extraction methods are also expected to help manufacturers overcome this restraint in the coming years.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market of yeast beta-glucan was worth USD 165 million in 2022 and is poised to witness strong growth at over 9.5% CAGR through 2032 attributed to the rising meat consumption worldwide.

The soluble segment is expected to grow at over 9% CAGR through 2032, owing to its increasing use for production of high in demand premium beers.

The industry for yeast beta-glucan in Asia Pacific is estimated to generate over USD 80 million by the end of 2032 driven by the rising food and meat consumption in densely populated APAC countries.

Angel Yeast Co. Ltd, Kerry Group, Ohly, Mitushi Biopharma, Aria Ingredients, Sanofi, Biorigin, VW Ingredients, Lallemand, and Leiber are some of the prominent firms engaged in the yeast beta glucan business.