ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research’s new report, titled ‘Yeast Extract and Beta Glucan Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 – 2021’, states that the global yeast extract and beta glucan market is expected to reach US$1,054.5 million by 2021, from a market value of US$631.5 million in 2014.
The report states and explains that the global yeast extract and beta glucans market has grown steadily over the past few years. Increasing demand for yeast extract and beta glucans from health-conscious consumers has made a positive impact on the overall growth of this market. The market is flourishing due to the increasing application of yeast and specialty yeast products in the food and beverages industry, as well as due to continuous investments in R&D to develop new products. Owing to all these factors, the market is expected to rise at a CAGR of 7.6% from 2015 to 2021.
The report categorizes the yeast extract and beta glucans market by product type, application, and geography. By product type, the market is segmented into yeast extract, yeast beta glucans, and yeast cell wall. The yeast extract segment held the largest market share in 2014. This segment is expected to rise at a CAGR of 7.8% over the forecast period. The yeast beta glucan segment, on the other hand, is expected to grow at a CAGR of 7.2% from 2015 to 2021.
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By application, the market is segmented into bakery, processed food, functional foods products, beverages, dairy, and pharmaceuticals among others. At present, bakery and processed food is the largest application segment of the market. The segment is expected to maintain its leading position throughout the forecast period.
Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.