Yeast Extract Market size to exceed $2bn by 2026
Published Date: December 16, 2019 Authors: Kunal Ahuja, Sonal Singh
Yeast Extract Market size is set to surpass USD 2 billion by 2026; according to a new research report by Global Market Insights, Inc.
Yeast extract is a natural yeast ingredient consisting of carbohydrates, amino acids, minerals, vitamins and high-quality proteins. Yeast extract enhances taste, flavor and imparts savory notes for balancing salt content in food & beverages and bakery & brews products. Key factor driving the market growth is that it contains essential nutrients and nitrogen that promotes microorganism’s growth which is beneficial for pharmaceutical and diary cultures.
Rising hydrolyzed yeast extract utilization in food processing to foster overall market size
Hydrolyzed yeast extract market may witness significant gains due to strong application outlook in processed food, livestock feed and cosmetic industry. Hydrolyzed yeast is majorly used as flavor enhancing ingredient for prepackaged food manufacturing. Growth in convenience food consumption owing to switching dietary habits along with affirmative outlook towards catering & hotel industry mainly in India and China should fuel overall yeast extract demand.
As per ongoing market trends, technological advancements have led to product utilization in manufacturing cosmetics and pharmaceuticals. Hydrolyzed yeast extract is widely utilized in conditioners, shampoos, skin moisturizers and conditioners due to conditioning properties, thereby driving industry growth.
Browse key industry insights spread across 300 pages with 386 market data tables and 40 figures & charts from the report, “Yeast Extract Market Share 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 (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) Competitive Market Share & Forecast, 2015 – 2026” in detail along with the table of contents:
Proliferation of baker’s yeast to accentuate yeast extract demand
As per market analysis, Baker’s yeast is a vital component as fermentation media and savor ingredients. It has applications in bakery market including 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 in India and China has led to rise in bakery products market demand.
Factors including rising R&D spending accompanied with various new product innovations has led to use of baker’s yeast in production of vegan cheese may foster avenues for market growth. Strong application outlook in animal feed as feed quality enhancer and suitable alternative to antibiotic growth stimulators is likely to drive yeast extract market size.
Superior characteristics posed by powder form yeast extract will fuel market growth
According to market analysis and trends, powder form yeast extract industry size is expected to grow at CAGR of over 5% from 2019 to 2026. The product will gain traction in the overall global market demand due to rising utilization in products including instant noodles & soups, cookies, chicken powder, soy sauce, bulked food and bread. This product offers superior characteristics including no pungent smell, hydroscopic properties, flavor enhancing, and longer shelf life which will further enhance the overall industry demand.
Booming bakery products demand will fuel yeast extract demand across Europe
Supportive government initiatives including BREAD-INITIATIVE.EU which aims to promote bread consumption among European population is likely to fuel regional yeast extract market share. The market growth across this region is also resulted by rising young population, ease of product accessibility and healthy diet regimes. Baker’s yeast is predominantly used as a leavening agent in baking breads along with inculcation of nutrients including proteins, vitamins and minerals which should support market trends.
Key market participants in yeast extract industry are Lesaffre Group, DSM, Lallemand, Inc, Kerry Group, Angel Yeast, Leiber GmBH, Alltech, Biospringer, Sensient Technologies Corporation, Synergy Flavors, Thai Foods International, Halcyon Proteins, AB Mauri, Specialty Biotech, Ohly, Oriental Yeast, Biorigin and Titan Biotech Limited Company.
Various market leaders are also practicing several strategies initiatives such as R&D investment, new product launch, strategic mergers & acquisitions, partnerships and collaborations to gain significant market share. For instance, in January 2018, AB Biotek entered distribution partnership deals with Pacific Coast Chemicals and BSG to promote & distribute Pinnacle & Maurivin yeast brands across North America.
Explore More on Related Topics: