The Europe Yeast Extracts and Beta-Glucan Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
The rising demand for functional probiotic ingredients is expected to boost the worldwide yeast extract and beta-glucan demand. Additionally, yeast extracts are widely employed in numerous European cuisines to add taste to a variety of savory foods, marinated meats, sauces, marinated meats, stews, and bouillons. They are used in the production of wine, beer, and bread on a substantial scale, in addition, to be utilized in family cookery. The growing utilization of yeast extracts and beta-glucan across the food and beverage sector to round out the taste of food or impart umami flavor has boosted the market for yeast extracts and beta-glucan. The yeast extract and glucan sector have benefited greatly from consumer-driven food product reformulations in search of healthier but tasty foods and beverages. Because of promises regarding its health benefits, the habit of taking beta-glucan supplements is gaining traction. Beta-glucan's application as a food additive in the food and beverage sector is expected to boost the growth of the market.
The rise in the demand for clean-label food items and functional foods is a major factor that is significantly propelling the growth of the regional market. There is a high adoption and acceptance of newly launched food products in the functional food and beverage sector in this market. Consumers' busy and hectic lifestyles in Europe, as well as an increase in health-conscious people, are driving the demand for yeast extracts and beta-glucan in the region.
Government initiatives connected to public healthcare, surging demand for convenient food products, as well as an increase in the requirement for functional foods are estimated to drive the growth of the regional yeast extracts and beta-glucan market. Moreover, one of the most significant reasons that are contributing to the increasing demand for yeast extracts and beta-glucan is the increasing disposable income of the women across the region.
The Germany market dominated the Europe Yeast Extracts and Beta-Glucan Market by Country in 2021, and would continue to be a dominant market till 2018; thereby, achieving a market value of $181.9 Million by 2028. The UK market is estimated to grow at a CAGR of 6.4% during (2022 - 2028). Additionally, The France market would display a CAGR of 8.1% during (2022 - 2028).
Based on Type the market is segmented into Yeast Extract and Yeast Beta-Glucan. Based on Application, the market is segmented into Food & Beverages, Animal Feed, Pharmaceutical, Cosmetic, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Yeast Extracts and Beta-Glucan Market Size will Hit $2.3 Billion by 2028, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Chr. Chr. Hansen holding A/S, Associated British Foods PLC (Wittington Investments Limited), Archer Daniels Midland Company, Alltech, Inc., Thai Foods International Co., Ltd., Nutra Green Biotechnology Co., Ltd., Lesaffre Group, Angel Yeast Co., Ltd., Lallemand, Inc., and Specialty Biotech Co., Ltd.
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