The Latin America, Middle East and Africa Yeast Extracts and Beta-Glucan Market would witness market growth of 10.4% CAGR during the forecast period (2022-2028).
Yeast extract is also available on market in the form of powder. Yeast extracts powder is made from a variety of Saccharomyces cerevisiae strains. It is also ideal for microbial culture media, fermentation, and other biological experiments. Peptides, nucleic acids, minerals, free amino acids, trace elements, as well as phosphorous compounds are all present in yeast extract, which is prepared under stringent conditions to preserve vitamin content along with other nutritional benefits. It’s high in vitamins, including the B complex, and it’s commonly employed in culture media at a concentration level of 0.3 to 0.5% to provide these nutrients.
Beta-glucans, which are generated from yeast, has been found to reduce LDL cholesterol levels. Because yeast extracts and beta-glucan operate as natural catalysts, they are commonly employed in the production of nutritional and probiotic dietary supplements. During the forecast period, the demand for beta-glucan is estimated to rise due to an increase in health-conscious consumers and an increase in obesity and related diseases such as high blood pressure and diabetes. Beta-glucan has been shown to have anti-diabetic, anticancer, and anti-hypercholesterolemic, or cholesterol-lowering, activities in a variety of clinical investigations.
A significant number of people in the Middle East and Africa is estimated to have diabetes type II or prediabetes, prompting producers to focus on organic and healthier alternatives such as bakery goods comprising yeast extracts/beta-glucans, which are now used in many types of bread and other baked goods due to the glucose content does not rise during baking, unlike traditional dough. Consumers in Africa demand more long-lasting bread and baked goods, yet bread recipes, flour quality, and consumer preferences differ greatly. Enzymes aid in the volume, structure, and quality of dough, as well as ensure that the bread lasts longer. This is especially beneficial to African industrial bakers and formulators looking for packaging as well as sliced bread, cakes, and biscuits. Moreover, a variety of African customers also desire to know about European food and beverage trends, which would facilitate European manufacturers to penetrate the African market.
The Brazil market dominated the LAMEA 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 $45.4 Million by 2028. The Argentina market is poised to grow at a CAGR of 11% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 10.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments covered in the Report:
• Yeast Extract
• Yeast Beta-Glucan
• Food & Beverages
• Animal Feed
• Saudi Arabia
• South Africa
• Rest of LAMEA
• 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.
• Specialty Biotech Co., Ltd.
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