Home > Food, Nutrition & Animal Feed > Yeast Extract Market
Industry Overview
Yeast Extract Market size was worth more than USD 1.6 billion by 2021, and it is anticipated to expand at a CAGR of over 5.5% from 2022 to 2030 driven by rising consumption of convenience & processed food owing to easy availability and changing lifestyle & dietary choices of consumers.
Get more details on this report - Request Free Sample PDF
Rising consumer preferences for natural ingredients and food products with low salt content is driving the market growth. Yeast extracts are used as an alternative to MSG as they are high in vitamins, minerals, and nucleotides. Increased awareness among consumers pertaining to the benefits of yeast extract as a natural alternative to MSGs is anticipated to surge the product demand over the forecast period. Yeast extract has a high nutritional value and natural umami qualities, which makes it highly effective for use in functional meals and dietary supplements.
| Report Coverage | Details |
|---|---|
| Base Year: | 2021 |
| Market Size in 2021: | 1.6 Billion (USD) |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 5.5% |
| 2030 Value Projection: | 2.6 Billion (USD) |
| Historical Data for: | 2018 to 2020 |
| No. of Pages: | 341 |
| Tables, Charts & Figures: | 437 |
| Segments covered: | Technology, Source, Form, Applications |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Get more details on this report - Request Free Sample PDF
Rising focus on research & development and new product development is projected to drive the growth of the market. Yeast extract is a non-toxic substance, and it is perceived as a natural flavoring and clean label ingredient, which in turn, drives product demand. Emerging demand for GMO-free, Kosher, Halal, and gluten-free certified food ingredients is anticipated to boost the market statistics.
Growing demand for prepared foods to accelerate autolyzed yeast extract use in the food
Get more details on this report - Request Free Sample PDF
In terms of the technology, autolyzed yeast extract market share exceeded USD 1.15 billion in 2021 and is expected to grow at over 5.5% CAGR. Autolyzed yeast extracts are widely used as a flavor enhancer in various processed foods including soups, meats, and sauces. It is considered as a source of hidden MSG in food and is incorporated in snacks, biscuits, cocktails, and savory mixes for its meaty taste. Thus, increasing usage of autolyzed yeast extracts in prepared meals coupled with surging consumption of packaged food is boosting the product demand.
Autolyzed yeast extracts are a rich source of protein and minerals, making them suitable natural ingredients for dietary supplements. Additionally, high extraction rate and minimal costs associated with autolyzed yeast extracts are major factors projected to boost overall industry landscape.
Rising consumption of bakery products is driving demand for baker's yeast segment
Get more details on this report - Request Free Sample PDF
The industry share from the baker’s yeast segment size is estimated to reach over USD 2 billion by 2030. Baker’s yeast is a vital component in the fermentation process and in savor ingredients. It is generally used in pizzas, bread, rolls, buns cracker, biscuits, dough, and cakes. With the rise of nuclear families, particularly in India and China, and rising bread consumption as a low-cost, easily accessible staple food, there has been an increase in the demand for bakery goods.
The baker's yeast is extensively used in the production of vegan cheese, which further accelerates ingredient demand. Baker’s yeast is used for baking cake and bread. In the fermentation process, it is also used as a leavening agent. It is found in various forms such as fresh, active dry, instant, and liquid. It contains nutrients required for microorganism metabolism and growth such as amino acids, trace elements, peptides, nucleotides, and vitamins. These factors have surged the usage of baker's yeast in bakery products.
Increasing use of powder yeast extracts as flavoring and seasoning agents is projected to boost the business expansion.
Get more details on this report - Request Free Sample PDF
Global powder yeast extract market share surpassed USD 1.45 billion in 2021, and it is projected to grow at a CAGR of 5.5 % over the forecast period. Powder yeast extracts are used in flavoring and seasoning diversified food products such as powders soya sauce, chicken soup, noodles, cookies, and bread. It contains essential amino acids, vitamins, and peptides, which are beneficial for microbial culture media. These media cultures are used in the production of dairy cultures, antibiotics, and biopharmaceuticals.
Increasing use of nutrition rich ingredients in animal feed is propelling demand for yeast extract from animal feed application
Get more details on this report - Request Free Sample PDF
The global yeast extract market from animal feed application surpassed USD 190 million in 2021, and it is projected to grow at a CAGR of over 6% through the assessment period. Yeast extracts are a natural and abundant source of proteins, minerals, amino acids, and nucleotides that benefit animal health. Brewer's yeast, hydrolyzed, and autolyzed ingredients are frequently utilized as feed additives. Yeast extracts offer meaty color and flavor in animal additives, as well as excellent nutritional value which leads to rise in yeast extract animal feed industry.
Yeast extracts benefit animals in metabolizing fats, carbs, and proteins, thereby improving their digestive systems and activating their immune systems. Increasing focus of feed manufacturers on enhancing product quality and adding nutritional ingredients in animal feed products to improve overall animal health is boosting demand for yeast extract from animal feed application.
Well-established bakery sector across Asia Pacific region should propel industry outlook
Get more details on this report - Request Free Sample PDF
Asia Pacific yeast extract market crossed USD 420 million in 2021 and is anticipated to show growth of 7% of CAGR during the analysis period. Yeast extracts are incorporated in various traditional cuisines in India, Japan, and China. The rise in consumption of bakery products such as bread, pizza and burger buns owing to the increasing working population and rising economic standards is likely to stimulate regional industry growth.
Rise in disposable income coupled with rising consumer awareness pertaining to nutritional and healthy food consumption should drive regional market statistics. China is the leading yeast producing and supplying region, with major players such as AB Mauri, Biosukeen, Lesaffre, and Angel yeast contributing to regional growth. Also, developed bakery industry across China, India, and Australia provides a wide consumer base for leading yeast extract producers operating in the market.
New product development and strategic mergers & acquisitions among industry participants to accelerate yeast extract industry
The global yeast extract market is strongly splintered & competitive and is distinguished by the presence of numerous industry players operating worldwide. The key players in the market include Lesaffre Group, Angel Yeast, AB Mauri, Agrano Gmbh &Co. KG, and DSM. Other prominent companies include Kerry Group, Ohly, Lallemand, Specialty Biotech, Leiber GmBH, Biospringer, Kothari Fermentation & Biochem Ltd., Halcyon Proteins, Thai Foods International, Alltech, PAULA Ingredients, Sensient Technologies Corporation, Biorigin, Kohjin Life Science, Oriental Yeast, Synergy Flavors, and Titan Biotech Limited Company.
In July 2021, AB Mauri has announced the establishment of yeast production unit at Pilibhit, India. Under this strategic initiative, the company will be investing USD 140 million and will be creating more than 5,000 job opportunities locally. In June 2019, Oriental Yeast has announced establishment of yeast production unit with capacity of 36,000 tpa. Through this establishment, the company will be able to cater rising product demand in across India and attain stronger market position.
Impact of COVID-19 pandemic on yeast extract industry trends
The COVID-19 pandemic dynamically transformed the conventional brick-and-mortar models of the food & beverage and the bakery sector, subsequently affecting the yeast extract market trends. Besides the shift from in-store to online shopping, the emergence of the pandemic had a positive impact on the industry. For instance, in 2020, the demand for yeast in the U.S. quadrupled due to a growing consumer preference for at-home baking. However, lack of packaging materials made it difficult to deliver the yeast causing delays and shortages.
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 2017 to 2030 for the following segments.
By Technology:
- Autolyzed Yeast
- Hydrolyzed Yeast
By Sources:
- Baker’s Yeast
- Brewer’s Yeast
- Torula Yeast
By Form:
- Yeast Extract Powder
- Yeast Extract Paste
By Application:
- Food & Beverages
- Soups
- Processed Foods
- Dairy Products
- Bakery
- Sauces & savory flavors
- Others
- Animal feed
- Pharmaceutical
- Others
The above information is provided on a regional and country basis for the following:
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Russia
- UK
- Italy
- Spain
- Poland
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Thailand
- Australia
- New Zealand
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Frequently Asked Questions (FAQ) :