The global Yeast Beta Glucan market is expected to expand at a CAGR of 5.1% from 2024 to 2034. The market value is projected to increase from USD 615.2 million in 2024 to USD 991.5 million by 2034.
Attributes | Key Insights |
---|---|
Estimated Global Yeast Beta Glucan Market Size (2024E) | USD 615.2 million |
Projected Yeast Beta Glucan Market Value (2034F) | USD 991.5 million |
Value-based CAGR (2024 to 2034) | 5.1% |
The yeast beta-glucan market is bourgeoning due to consumers' growing preference for healthy alternatives. This natural compound is becoming increasingly popular in several industries, such as food, pharmaceuticals, and cosmetics.
The heightened awareness of yeast beta-glucan's health benefits, such as supporting the immune system and cardiovascular health, is propelling its global demand. Health-conscious consumers are driving the integration of yeast beta-glucan into a wide array of food and beverage products.
Industries such as cosmetics and pharmaceuticals are embracing yeast beta-glucan for its effective properties in skin care products and pharmaceutical formulations. Further, the agriculture sector is exploring its potential for crop protection.
With significant investments from key industry players in research & development to refine formulations and explore new applications, the yeast beta-glucan market is poised for sustained growth. It offers diverse opportunities and aligns with the global shift toward health-conscious and sustainable consumer preferences.
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Demand for Functional Food and Effective Skincare Products Drive Sales
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Between 2019 and 2023, the global yeast beta glucan market experienced a dynamic sales outlook marked by robust demand and adoption of functional food across industries.
From 2024 to 2034, the yeast beta glucan market is poised for an even more significant sales outlook of USD 991.5 million by 2034.
The table below shows the estimated growth rates of the top four countries. The United States, China, and Japan are set to record high CAGRs of 6.7%, 8.1%, and 5.7%, respectively, through 2034.
Countries | CAGR |
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United States | 6.7% |
China | 8.1% |
United Kingdom | 5.1% |
Japan | 5.7% |
The United States market is projected to have a hold of 27% and reach a valuation of USD 166.1 million by 2034. The market expansion is led by the robust efforts of key players in the field of research and development. The players are also raising awareness about the product, thus fostering a culture of yeast beta-glucan adoption.
China is anticipated to capture a value share of 13.2%, reaching a valuation of USD 81.2 million by 2034. The market is led by rising health consciousness among consumers. Additionally, strategic initiatives by players to expand their footprint in this burgeoning market are also improving the market growth. Further, the expanding middle-class population and rising disposable income are expected to raise demand for health-promoting products like yeast beta-glucan.
The rising consumer demand for natural, clean-label ingredients is positioning yeast beta-glucan as a key industry in the country’s evolving health and nutrition landscape.
The United Kingdom is expected to stake a 22.0% market share, reaching a valuation of USD 135.3 million by 2024. The main factors supporting the yeast beta glucan market growth in the country are, increasing fitness and sports nutrition trends among consumers are influencing yeast beta-glucan adoption in the United Kingdom.
Collaborations with local health and wellness brands is elevating the visibility of yeast beta glucan, contributing to its market prominence. The United Kingdom’s environmentally conscious consumer base appreciates yeast beta-glucan as a sustainable and eco-friendly ingredient, aligning with the nation's broad sustainability and ethical consumption trends.
The market in Japan is expected to exhibit a CAGR of 5.7% through 2034. The demand for yeast beta-glucan in Japan is driven by the rising use of functional substances in food and supplements. The use of yeast beta-glucan is driven by its varied health advantages. Further, manufacturers and suppliers are taking proactive steps to enlighten consumers about the benefits of yeast beta-glucan and increase its popularity. The proactive efforts of yeast beta-glucan manufacturers and suppliers to educate consumers about the benefits of yeast beta-glucan contribute to their popularity in Japan.
The primary factors bolstering the yeast beta glucan market size in South Korea are, the yeast beta-glucan market benefits from a progressive wellness culture in South Korea, where consumers prioritize preventive health measures. The ingredient's versatility is harnessed in traditional food & beverages and the rapidly expanding nutraceutical sector.
The section below shows the 1,3-glucan segment dominating by type. It is predicted to hold a market share of 51.2% in 2024. Based on form, the soluble segment is anticipated to generate a dominant share through 2024. It is set to hold a share of 56.7% in 2024.
Segment | Market Share (2024) |
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1,3-glucan (Type) | 51.2% |
Soluble (Form) | 56.7% |
Food and beverage Industry (End Use Application) | 35.4% |
The 1,3-glucan is set to take the spotlight in the market, a trend authenticated by factors such as:
Soluble form is anticipated to lead the way, holding an impressive yeast beta glucan market share. Factors supporting its sales are as follows:
Based on the end-use application, the food and beverage industry is projected to rise at a significant CAGR through 2034. Key factors propelling the growth of the segment are:
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The yeast beta-glucan market has a diverse and dynamic competitive landscape. Leading companies specializing in diverse fields are focusing on research & development, sustainable sourcing, and new formulations.
Leading players are strongly emphasizing product certifications, ecologically friendly processes, and meeting the growing demand for natural & sustainable products. Further, they prioritize quality and innovation and cater to customer preferences to maintain their market position and take advantage of the rising demand.
Product Launches and Key Developments
The market is set to reach USD 615.2 million in 2024.
Demand for yeast beta-glucan is slated to expand at a 5.1% CAGR by 2034.
The market is set to reach USD 991.5 million in 2034.
Lesaffre Human Care, Cargill, Incorporated, and EMD Millipore are the key players.
1,3-glucan is expected to lead the market with a 51.2% share in 2024.
Estimated Size (2024E) | USD 190.2 million |
---|---|
Projected Value (2034F) | USD 447.0 million |
Value-based CAGR (2024 to 2034) | 13.5% |
Market Size (2024E) | USD 257.38 million |
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Market Valuation (2034F) | USD 894.07 million |
Value-based CAGR (2024 to 2034) | 13.3% |
Estimated Value (2032) | USD 30.9 Billion |
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Value-based CAGR | 11% |
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