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 & Savory Flavors], Animal Feed, Pharmaceuticals), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Dec 2019  |  Report ID: GMI201  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 300   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Broadening applications along with clean label aspects will spur yeast extract demand

Global Yeast Extract Market size exceeded USD 1 billion, globally in 2018 and is estimated to grow at over 5% CAGR between 2019 and 2026.
 

Global Yeast Extract Market

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Yeast extract consist of cell contents of yeast without the cell walls. Yeast is a unicellular microscopic versatile organism belonging to fungi kingdom. It is extensively used in food & beverage industry for fermentation. This is a common name for thick brown partially solid processed yeast product obtained from extracting the cell content.  Hydrolyzed and autolyzed technology-based products are prominently used and are available in various forms such as fresh, dry and instant yeasts.
 

Yeast extract is categorized under natural ingredients having taste of its own which are used as flavoring agents replacing synthetic additives. It comprises of carbohydrates, water soluble vitamins, peptides and amino acids. Key product properties include taste enhancement ability, creates savory flavor and ability to partially replace salt.
 

Global pharmaceutical market size is anticipated to surpass USD 1.5 trillion by 2023. Widening opportunities for the market is attributed to growing pharmaceutical manufacturers innovation for taping rare diseases along with aging population. This product is widely used as nutritive media for the cell culture which are prominently used in production of antibiotics and organic pharmaceuticals.
 

 These extracts are incorporated in dietary supplements and nutritional food to balance amino acids content along with flavor enhancing. Brewer’s yeast is prominently used in pharmaceutical application due to high nucleotide, B complex vitamins and proteins content.
 

Market opportunities obtained through supportive initiatives by EU commission including PRIME enables new avenues for pharmaceutical manufacturing in the region. This regulation will help both pharma companies and government to work together in order to produce medications for unmet medical conditions. The product market size is imputed to growing pharmaceutical manufacturing in the region due to high R&D investments.  
 

Yeast Extract Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 1.3 Billion
Historical Data for: 2015 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 5.9% 2026 Value Projection: USD 2.1 Billion
Pages: 300 Tables, Charts & Figures: 426
Geographies covered (24): U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Australia, New Zealand, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa
Segments covered: Technology, Source, Form, Application
Companies covered (20): Kerry Group, Lesaffre Group, Leiber GmBH, Angel Yeast, Lallemand, Inc, DSM, Biospringer, Thai Foods International Co., Ltd, Synergy Flavors, Specialty Biotech, Halcyon Proteins, Ohly, Alltech, Sensient Technologies Corporation, Kohjin Life Sciences, Biorigin, AB Mauri, Oriental Yeast, Titan Biotech Limited Company and Kothari Fermentation & Biochem Ltd.
Growth Drivers:
  • Europe & North America: Replacement for Monosodium Glutamate (MSG) by yeast extract
  • Asia Pacific: Growth in food & beverage industry which will favor yeast extract demand
  •  Increasing consumer demand for natural & clean labeled products
Pitfalls & Challenges:
  • Fluctuating raw material prices
  • Availability of yeast extract substitutes

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 Robust consumption of Autolyzed Yeast to drive yeast extract demand

Autolyzed Yeast Extract Market Statistics, 2018 - 2026 (USD Million)
Autolyzed Yeast Extract Market Statistics, 2018 - 2026 (USD Million)

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Market for yeast extract has witnessed exponential growth for Autolyzed Yeast over Hydrolyzed Yeast. Product demand growth is attributed to strengthening product utilization in manufacturing food & beverages and animal feed owing to high natural nucleoside content. Autolyzed Yeast are majorly utilized in processed food for flavor enhancing applications.
 

 Autolyzed Yeast market demand in food & beverages sector is accredited to attributes including protein rich and vitamin B. Yeast extract utilisation growth is also attributed to its robust application scope in animal feed and pharmaceuticals.
 

Other factors supporting Autolyzed Yeast market growth for processed food are due to cheaper substitute for Monosodium glutamate (MSG) along with health benefits. For instance, researchers have found that excessive usage of MSG may lead to side effects including headache, numbness, weakness, flushing and tingling.    
 

 Rising Animal feed products demand to boost yeast extract consumption

Yeast Extract Market size from animal feed, 2018-2026 (USD Million)
Yeast Extract Market size from animal feed, 2018-2026 (USD Million)

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Application market segmentation includes food & beverages, animal feed and pharmaceuticals. According to market statistics, product market opportunities is being witnessed due to extensive utilization in animal feed application to be fastest growing product at over 5.0% CAGR than others.
 

As per industry trends, rising demand is attributed to increasing utilization of clean label products. Hydrolyzed, autolyzed and brewer’s yeast are prominently used as feed additives. This product help animals to metabolize lipids, carbohydrates and proteins strengthening digestive system along with widespread protection against various diseases stimulating immune systems.
 

According to yeast extract industry analysis, product growth is attributed to growing animal feed demand owing to escalating meat and meat products consumption. Market demand is also driven by rise in R&D investments along with increasing concerns regarding animal health among various manufacturers mainly in India, China and U.S.
 

In yeast extract industry, market players are engaged in developing innovative products for animal feed manufacturing to provide beneficial animal health attributes. For instance, in December 2017, PMI Nutritional Additives launched its latest product named Peloton yeast feed additive. This product will help livestock producers to maintain digestive efficiency rumen health. Through this product launch, the company will be able to cater wider customer base and attain stronger market share.
 

Booming food and beverages products consumption in Asia Pacific will propel yeast extract demand

Asia Pacific yeast extract market size, by application (2018 & 2026) (USD Million)
Asia Pacific yeast extract market size, by application (2018 & 2026) (USD Million)

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According to industry trends, food & beverages products manufacturing to have highest revenue share of 61.6% than others. Yeast extract for food & beverages products demand is primarily due to growing prevalence of MSG allergies among population. This demand is due to its enhanced utilization in food & beverages products manufacturing owing to salt reducing properties replacing MSG.
 

According to market trends, widening yeast extract market opportunities is primarily due to booming food & beverages products market demand in Asia-Pacific region. Food & beverages market growth in the region is due to nutritional diet awareness, enhanced quality & taste food along with rising purchase parity among population. Supplementary driving factors to industry growth is coupled with changing customer preferences towards organic food products owing to allergic aftermath by synthetic additives.
 

New product launches to remain key business strategy by market leaders

Some of the major yeast extract market players operating in the yeast extract manufacturing are Kerry Group, Lesaffre Group, Leiber GmBH, Angel Yeast, Lallemand, Inc, DSM, Biospringer, Thai Foods International Co., Ltd, Synergy Flavors, Specialty Biotech, Halcyon Proteins, Ohly, Alltech, Sensient Technologies Corporation, Kohjin Life Sciences, Biorigin, AB Mauri, Oriental Yeast, Titan Biotech Limited Company and Kothari Fermentation & Biochem Ltd.
 

As per the industry trends, key market players operating in yeast extract market are adopting strategies such as new and innovative product launches, to enhance their existing offerings and target a wider customer base.
 

In February 2018, Lesaffre announced acquisition of Alltech’s yeast extract facility in Serbia. Through this acquisition, the company will be able to expand its operation in Serbia and help to attain majority market share in overall industry.
 

In June 2017, Ohly announced launch of its latest product named SAV-R-FULL. This product is manufactured from natural yeast extract that is 100% soluble, clean in taste and usage levels lower than 50% compared to conventional products.  
 

The research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, 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
  • Pharmaceuticals
  • Others

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Russia
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
    • New Zealand
    • Indonesia
  • LATAM
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
       

Frequently Asked Questions (FAQ) :

Yeast is a unicellular microscopic versatile organism belonging to fungi kingdom. It is extensively used in food & beverage industry for fermentation.
Rising product demand for food & beverages, animal feed and pharmaceuticals manufacturing along with increasing health conscious population are important driving factors for global market trends.
Strengthening autolyzed yeast utilization in manufacturing, food & beverages and animal feed owing to high natural nucleotide content is driving the global market outlook

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