The yeast extracts and beta-glucan market size accounted for $642 million in 2015, and is expected to grow at a CAGR of 7.46% to reach $1,061 million by 2022. This market is primarily segmented based on product type and geography. The global yeast extract and beta-glucan market comprises North America, Europe, Asia-Pacific, and LAMEA.
Furthermore, the global market also includes the various business strategies adopted by key market players to sustain the competitive world and increase their share in the global market. These majorly cover new product launches, mergers & acquisitions, agreements & partnership, and joint ventures.
Due to the presence of numerous players in the market, there is high rivalry within competitors to occupy major market shares. In such a scenario, the companies exert pressure on each other and try to limit their competitor’s profitability. However, high economic base and high growth rate increases the competitive rivalry in the industry. High exit barriers in the industry and innovations in the product make the competition high.
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The global yeast extracts and beta-glucan market has a huge opportunity to grow in the near future, owing to the increase in usage of yeast extracts and beta-glucan in the processed food industry for a range of new solutions. Presently, the bakery and processed food segment leads the overall market, and is expected to continue its dominance during the forecast period.
Ready-to-eat products started to develop in the 1990s and at present represent a significant share of food expenditure. The westernization of food consumption patterns may not be characterized simply by the rise in calorie intake, the increase in sugar, fats, & animal products, and the simultaneous decline in cereals, potatoes, & pulses. Food products are increasingly transformed; sophisticated and ready-to-eat food products are sold by supermarkets and eaten out of the home.
Molasses is an important source of raw material for the production of yeast, which is not only used in the production of yeast, but also in other industries. Its shortage is the primary factor that hampers the growth of global yeast extracts market.
Top Winning Strategy
The winning strategies described below are a result of the analysis performed on company profiles of key market players in the global yeast extracts and beta-glucan market. They are gathered and analyzed in reference to their recent developments. The data obtained through press releases by the companies has limited scope to publicly available information. The key strategies tracked from the recent developments of the companies in this industry include:
Product launch: Yeast extracts with higher efficiencies for different innovations is introduced in the market.
Mergers & Acquisitions: Takeovers implemented by market leaders to strengthen their reach to customers or enhance technical capabilities.
Agreement & partnership: The leading players sign supply & sales agreements and plant manufacturing partnerships to capture major yeast extracts and beta-glucan market share and compete with other players.
Joint venture: In this strategy, two or more companies agree to pool their resources for the purpose of manufacturing. This can be a new project or any other business activity.
The market is largely driven by the product launch strategy. Mergers & acquisitions, partnership & agreements, and joint ventures are the other prominent strategies adopted by key players to remain competitive in the market.
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TOP INVESTMENT POCKETS, 2015
At present, the yeast extracts segment has witnessed large-scale demand because the change in eating patterns results in rise in consumption of processed foods. Moreover, the rise in disposable income in developing countries has fostered the yeast extracts and beta-glucan industry.
Yeast extracts and beta-glucan market report can be formulated into many different types of medicines, functional foods, and processed foods such as bakery products and dietary supplements. Moreover, they have positive impact on the demand for probiotic functional foods.
Yeast extracts are used as food additives or flavorings, or as nutrients for bacterial culture media. They are often used to create savory flavors and can be found in a large variety of packaged food, including frozen meals, crackers, snack foods, gravy, stock, and others.
Beta-glucan (β-glucan) comprise a group of β-D-glucose polysaccharides naturally occurring in the cell walls of cereals, yeast, bacteria, and fungi with significantly differing physicochemical properties. It occurs as a natural component of the cell walls of bacteria, fungi, yeast, and cereals. Every type of beta-glucan comprises different molecular structures, levels of branching, and molecular weights which affects its solubility and physiological properties.
Increase in demand of processed food and rise in awareness about the innovative applications about the yeast extracts and beta-glucan are some of the major factors driving the market share.
Rising disposable income in the developing countries, such as China and India, and rapid industrialization are key driving factors for the yeast extracts market.
Rising investments in the developing regions including LAMEA, availability of skilled labors, low investments are some of the driving factors for the LAMEA yeast extracts and beta-glucan market.
The prominent players profiled in the report include ABF Ingredients, AHD International LLC, Bio Springer, Angel Yeast Co. Ltd., AB Mauri, Alltech Inc., Biotec Pharmacon ASA, Lallemand Inc., Chr. Hansen A/S, and Specialty Biotech Co. Ltd.
Other key players (not profiled in the report) in the market value chain include Angel Yeast Co. Ltd, Thai Foods International Co., Ltd., Fuji Foods Corporation, BioNutrients, Nutra Green, and others.
- This report provides an extensive analysis of the current yeast extracts and beta-glucan market trends, future estimations, and dynamics from 2014 to 2022 of the global market, which assists to identify the prevailing opportunities.
- Geographically, the market is analyzed based on North America, Europe, Asia-Pacific, and LAMEA regions.
- Exhaustive analysis predicts the types that are currently used along with the variants are expected to gain prominence in the future.
- Competitive intelligence of leading manufacturers and distributors highlights the competitive scenario across the geographies.
- Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the yeast extracts and beta-glucan market framework.
- Key market players are profiled and their strategies are analyzed thoroughly, which portray the competitive outlook.
KEY MARKET SEGMENTS:
Rest of Europe
Rest of Asia-Pacific
Chapter: 1 INTRODUCTION
1.1 REPORT DESCRIPTION
1.2 KEY BENEFITS
1.3 RESEARCH METHODOLOGY
1.3.1 Secondary research
1.3.2 Primary research
1.3.3 Analyst tools and models
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Chapter: 2 EXECUTIVE SUMMARY
2.1 CXO PERSPECTIVE
Chapter: 3 MARKET OVERVIEW
3.1 MARKET DEFINITION AND SCOPE
3.2 KEY FINDINGS
3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 PORTERS FIVE FORCES ANALYSIS
3.3.1 Moderate bargaining power of suppliers due to large number of suppliers, low switching cost and low distribution channel
3.3.2 High bargaining power of buyers due to high demand, high purchase quality, high product dependency and low switching cost
3.3.3 Non-availability of substitutes and low cost decreases threat of substitutes
3.3.4 Low threat of new entrants due to presence of dominant players, high legal barrier, high government policies, high demand potential and low product differentiation
3.3.5 Presence of numerous players, high economic base, high growth rate and low innovation increases the competition among rivalries
3.4.1 Changing eating patterns results in rising consumption of processed food
3.4.2 Rising disposable income in the developing countries
3.4.3 Rising urban population results in increasing number of working women
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