Yeast Extract Market Size By Technology (Autolyzed Yeast, Hydrolyzed Yeast), By Source (Baker’s Yeast, Brewer’s yeast), By Form (Powder, Paste), By Application (Food & Beverages [Soups, Processed foods, Dairy Products, Bakery, Sauces & Savoury Flavors], Animal Feed, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Application Development Potential, Covid-19 Impact Analysis, Price Trend, Competitive Market Share & Forecast, 2021-2027

Industry Trends

Yeast Extract Market size exceeded USD 1 billion in 2020 and is estimated to grow at over 5% CAGR between 2021 and 2027. Yeast extracts are widely used as nutritive media for the cell culture which is prominently used in production of antibiotics and organic pharmaceuticals. These extracts are incorporated in dietary supplements and nutritional food to balance amino acid content along with flavor enhancement. Moreover, rising demand for natural nutritive ingredients in health care products has encouraged manufacturers to engage in new product innovations and aids to boost yeast extract demand in the pharmaceutical industry.
 

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Covid-19 has impacted each industry wherein factors including COVID-19 pandemic will have a negative impact on yeast extract for the animal feed application market growth. The virus spread has led to the lockdown of manufacturing plants to prevent infection. Also, the transportation of raw material and finished goods are blocked due to global lockdown. This may lead to dwindling profits of the manufacturers, which may impact the yeast extract demand globally.
 

Availability of various substitutes of yeast extract in the market anticipated to hinder the yeast extract market growth over the forecast period. Presence of savory ingredients such hydrolyzed vegetable proteins (HVPs), hydrolyzed animal proteins (HAPs) and nucleotides in the food & beverages industry anticipated to restrict the market growth. Moreover, FDA has granted GRAS status to MSG, HVPs and HAPs for food & beverages applications, which affect yeast extract industry demand. However, HAPs and HVPs have safety concerns because of the formation of intermediate products such as monochloro propanol (MCH) and dichloro propanol (DCP) in the production process which may be mutagenic. Because of this, yeast extracts are promoted as substitutes as alternatives to HAP, HVP and MSG.
 

Rising consumption of ready-to eat food product stimulate the autolyzed yeast extracts demand in food industry.

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Autolyzed yeast extract market was dominant and accounted for over 70% of the total demand in 2020 and is anticipated to register over 5.5% CAGR between 2021 and 2027. Rise in frozen and ready to eat food demand due to changing dietary routines, healthy lifestyle and hectic schedule mainly in Asia Pacific and North America is likely to propel the autolyzed yeast extract demand. Moreover, huge application in pet food owing to high nutrient value that is important for primary development of digestive system along with savory taste and aroma leading to increased palatability is likely to stimulate autolyzed yeast extract industry demand.
 

High application of powder yeast extracts as flavoring and seasoning agent in different food products anticipated to drive the market statistics

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Powder-based yeast extract market is expected to surpass 1.8 billion by 2027 with a CAGR of over 5.5%. Powder yeast extracts are widely used in flavoring and seasoning instant soup, noodles, chicken powders soya sauce, bulk food, cookies and bread. Moreover, it has high amino acids, peptides and vitamins content which is beneficial as microbial culture media. These media cultures are widely being used in production of dairy cultures, biopharmaceuticals, and antibiotics hence these multiple usages propel product adoption.
 

Growing consumption of bakery products is expected to drive the demand for yeast extract over the upcoming timeframe

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Baker’s yeast should surpass USD 1.5 billion by 2027 and is anticipated to register over 5.5% of CAGR. Baker’s yeast is a vital component as fermentation media and savor ingredients. It is generally used in breads, pizzas, dough, rolls, buns cracker, biscuits and cakes.  Increasing consumption of bread as low cost and easily available staple food along with rise in number of nuclear families mainly in India and China has led to rise in bakery products demand thereby stimulating baker’s yeast demand. Moreover, rising R&D spending accompanied by various new product innovations has led to use of baker’s yeast in production of vegan cheese. Therefore, growing vegan population also fuel the product demand over the coming years.
 

Multiple application of yeast extract in food and beverage industry led to propel the yeast extract market forecasts

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Food & beverage application of yeast extract market accounts for maximum share of over 60% and is projected to reach over USD 1 billion by 2027. Yeast extract offers its own taste with multiple taste properties in different foodstuffs such as soups, sauces, bakery items, noodles, snacks, and seasonings which supports its application in different food products. Also, it contains mixes of amino acids and proteins providing yeast extract unique seasoning qualities. Moreover, yeast extract contains glutamic acid and up to 5% glutamate which imparts salt reduction properties which is beneficial for human health. Therefore, rise in prevailing heart diseases and blood pressure problems has led to limit salt content which drives the market statistics in the coming timeframe.
 

Growing consumption of bakery products in Asia Pacific region should support yeast extract market expansion

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Asia Pacific yeast extract market will register over 6.5% to cross USD 580 million by 2027. Rise in consumption of bakery products such as bread, pizza and burger buns in the Asian countries such as India, China, Japan due to increasing working population, especially women and rising economic standards is likely to stimulate Asia Pacific yeast extract industry outlook. Moreover, China is the major yeast manufacturing and supplying county with various prominent players such as Lesaffre, AB Mauri, Biosukeen and Angel yeast thereby contributing towards regional industry expansion.
 

Strategic Acquisitions and Merger among industry participants to accelerate the market competitiveness

The global yeast extract market is moderately consolidated in nature pertaining to presence of large key players in the market. Key manufacturing companies operating in the global market include Lesaffre, Angel Yeast, AB Mauri, and DSM. Other prominent companies include Kerry Group, Ohly, Lallemand, Leiber GmBH, Biospringer, Thai Foods International, Alltech, and Synergy Flavors.  Various players are engaged in mergers and acquisitions to strengthen their market position. Players are also focusing on investment in new product launch and increase production capacity to attain a competitive advantage.
 

In February 2018, Lesaffre acquired Alltech’s yeast extract production facility in Serbia. Through this facility expansion, Lesaffre will be able to expand its business across Serbia and attain stronger market position. Also, In May 2019, Lesaffre has announced expansion of its operations across Zimbabwe by investing USD 10 million to upgrade its plant to increase production capacity. Through this expansion, the company will be able to cater rising product demand across the region and increase regional market share.
 

In March 2019, Angel Yeast opened its first yeast extract production facility in Egypt. Through its production capacity establishment, the company will be able to cater surging product demand in Middle East and Africa region along with strengthening market share.  Moreover, in August 2017, Angel Yeast launched semi-dry Yeast was launched in Fipan to increase its product portfolio. Fipan is an event held in brazil for new product launches.
 

The global yeast extract market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons & revenue in USD Million from 2016 to 2027 for the following segments.

By Technology

• Autolyzed Yeast
• Hydrolyzed Yeast

By Source

• Baker’s Yeast
• Brewer’s Yeast

By Form

• Powder
• Paste

By Application

• Food & Beverages
  • Soups
  • Processed Foods
  • Dairy Products
  • Bakery
  • Sauces & savory flavors
  • Others
• Animal feed
• Pharma
• Others

The above information has been provided for the following countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Poland
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Australia
  • New Zealand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE