The global market for Yeast & Yeast Extracts has witnessed continued demand during the last few years and the market is expected to grow at a swift pace. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Yeast and Yeast Extracts Market Research Report- Forecast to 2027 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Increasing versatile demand across various industrial sectors including food and beverages, animal feed, pharmaceuticals and others is set to accelerate yeast and yeast extracts market during the forecast period. Growing demand from the downstream markets and higher availability of various products during the fermentation process will support the yeast market growth in the coming years. Additionally, increased adoption of biofuels will also drive demand for yeast. Swiftly changing food consumption patterns, rising disposable income, growing demand for ready-to-eat foods owing to increasing urban population and significant number of working women has had a positive impact on the demand for yeast extract. Increasing awareness about the health benefits derived from yeast is also the prime factor driving the demand for the product
Although, yeast is considered to be high in nutrition, consulting with the doctor before consuming supplementation is always recommended. Shortage of molasses is one of the restraining factors of the yeast extract and beta glucan growth. In addition, people sensitive to yeast supplements could experience stomach irritation, headaches and itchiness.
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Latest Industry Updates:
Jun 2017 Ohly launched a new natural yeast extract SAV-R-FULL which is 100% soluble and clean in taste at usage levels 50% lower than conventional yeast extracts.
Jan 2017 Lesaffre, announced the acquisition of Sensient‘s Strasbourg yeast extract food business and yeast extract facility. This acquisition is in line with company’s ongoing expansion strategy in nutrition and health.
Aug 2016 Lallemand Bio-Ingredients launched the Prime-Lyfe 175A, which is a yeast extracts that intensifies taste by enhancing and lengthening savory notes. The product can be used to enhance chicken and overall taste to low sodium soups, sauces, and prepared meals.
Jun 2016 Biospringer launched Springer organic baker’s yeast extract which will help in enhancing tastes and flavors. It can be used in a wide range of applications to boost and enhance savory notes, including snacks, dressings, soups, sauces, gravies and other food products.
Yeast and Yeast Extracts market is highly fragmented owing to the presence of large number of players. Major players are following both organic and inorganic strategy to stay ahead in the competition. For instance, Ohly launched a new natural yeast extract to capitalize on growing need for natural and clean label product. Additionally, Lesaffre acquired Sensient‘s Strasbourg yeast extract food business and yeast extract facility to strengthen its product portfolio and expand business opportunities. Growing economy of Asia-Pacific region provides huge growth opportunity for the manufacturers. The Asia-Pacific food & beverages sector is significantly influenced by consumer preference for healthy eating, the trend of natural and organic food consumption, and the growing demand for convenience food products.
The key players profiled in Yeast and Yeast Extracts are as Angel Yeast Co., Ltd, Dsm N.V, Kerry Group, Lesaffre Group, Chr. Hansen, British Foods Plc, Leiber Gmbh, Synergy Flavors, Biospringer (France), and Lallemand Inc among many others.
Global Yeast and Yeast Extracts Market – Segments
The global Yeast and Yeast Extracts market has been divided into end-use, form, product type, and region.
On The Basis Of End-Use: Bakers, Brewers, Wine
On The Basis Of Form: Dry yeast, Instant yeast, and Fresh yeast
On The Basis Of Product Type: Yeast Autolysates, Yeast Beta-Glucan, and Yeast Derivatives
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
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The Global Yeast and Yeast Extracts Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Europe accounted for the largest market share followed by Asia-Pacific was the second-largest market and North America. Asia-Pacific market is expected to grow at a higher CAGR during the forecast period.
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