The yeast extract
and yeast beta glucan market has grown significantly over the past
few years. Increase in demand for processed and ready-to-eat foods
and rising awareness about the nutritional value of probiotic
functional foods has created demand for specialty yeast products.
Yeast extract is an ingredient in the food and beverage industry,
while yeast beta glucan is an additive. Yeast extract and yeast beta
glucan are regulated under the Codex Alimentarius Code at the global
level. The Scientific Committee on Food (SCF) in Europe evaluates the
safety concern of yeast extracts and yeast beta glucans before their
usage in the food industry, while the Food and Drug Administration
(FDA) is the regulatory framework in the U.S.
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Rising usage of
cellulosic bio-diesel in commercial applications such as automotive
fuel has added to demand for yeast extracts. The U.S Environment
Protection Agency (U.S. EPA) has proposed a legislation regarding
blending of bio-fuel in gasoline. It has set targets for its member
countries such as the U.S., Brazil, China, Japan and India to achieve
the blending of gasoline within a specified period. For instance, the
government of China has set a target to blend 15% of its
transportation fuel with bio-diesel by 2020.
The global market
for yeast extract and yeast beta glucan was valued at USD 550 million
in 2012. The value chain of the yeast extract and yeast beta glucan
market includes raw material suppliers that provide raw yeast for the
manufacture of yeast extracts. There is a high threat of forward
integration to yeast extract manufacturers from yeast suppliers due
to easy integration of the processes. This leads to dominance of
suppliers throughout the value chain of the yeast extract and yeast
beta glucan market. Yeast extract is supplied through different
distribution channels such as retailers, departmental stores and
supermarkets. It is also sold through online stores such as the
British Food Depot and Amazon.com. End-user industries of the yeast
extract and yeast beta glucan market include biopharmaceuticals, food
and nutrition, environment, and agriculture and laboratories.
Shortage of molasses
is the primary factor that is hampering growth of the yeast extracts
and yeast beta glucan market globally. Molasses is an important
source of raw material for the production of yeast. Molasses are not
only used in the production of yeast, but are also used in other
industries. The yeast market is facing stiff competition from other
industries in terms of sources of raw materials.
Increasing usage of
yeast extract for new solutions in the processed food industry offers
opportunities for players in the yeast extract and yeast beta glucan
market. According to the World Health Organization (WHO), excess
consumption of salt (sodium) has an adverse impact on the cardiac
activity in an individual. Furthermore, around 2.3 million people
across the globe are estimated to die every year due to excess sodium
intake. Yeast extract that also acts as a replacement for salt can be
an optimal alternative for the food and beverage companies.
Furthermore, yeast extracts and yeast beta glucans can be used in the
cosmetics and personal care industries. They are also widely used in
medicines, particularly in medicines that help relieve stress.
The market has been
segmented based on product type and geography. Distinct segments such
as yeast extract, yeast beta glucan and yeast cell wall are included
in the study. Major geographies included in the scope of the study
are North America, Europe, Asia Pacific and Rest of the World (RoW).
The study analyzes the yeast extract and yeast beta glucan market in
terms of revenue (USD Million) by product type. The study also
provides drivers, restraints, opportunities, and their impact on the
market.
The study provides
value chain analysis and insights into market dynamics. It also
includes Porter’s five forces analysis framework, which identifies
as well as analyzes five competitive forces that shape every
industry. These are bargaining power of suppliers, bargaining power
of buyers, threat of substitutes, threat of new entrants, and degree
of competition. The study also comprises detailed profiles of major
players in the market with attributes such as product portfolio,
business strategy, SWOT analysis and recent developments. Major
players profiled in the report are DSM N.V., Associated British
Foods, Lallemand Inc., Biotec Pharmacon ASA, Alltech Inc., Chr.
Hansen A/S and Specialty Biotech Co., Ltd.
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The global yeast
extract and yeast beta glucan market is segmented as below:
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
Europe
Asia Pacific
RoW
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