Yeast Extract market is set to witness growth at a CAGR of 7.3% and top a valuation of USD 8707.7 Mn by 2032.
Yeast extract is in high demand, accounting for more than 70% of overall consumption. By 2032, revenues of edible yeast derivates are expected to reach USD 8,707.7 million, showing that market players will tend to be engaged in this product line. However, the increasing development of the worldwide feed business is raising yeast derivate exports, which will grow at a quicker rate from 2020 onwards.
North America is now the fastest-growing area for yeast extract, with the United States contributing for nearly half of the region’s sales. Because of the prevalence of luxury food items and changing living conditions, the global market value of yeast extract in Asia Pacific will exceed that of America by 2022.
In the food and beverage business, yeast extract is becoming increasingly frequently utilised as a supplement, and it will continue to draw major investment. Within the end-use category, autolyzed yeast extract adoption is still highest in sauce and savoury flavourings, followed by processed foods and dairy products.
Yeast Extract is a dietary flavouring ingredient derived from yeast that is used in the production of bread and beer. It’s found in a variety of products, including sauce and various foods like cheese. The flavour produced by yeast extract is known as “umami.”
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Adding sugar to yeast in a heated atmosphere is used to make yeast extract. The external coating of yeast starts to soften as its walls strive to expand. This mixture is centrifuged, and the yeast walls that have come free are swept away.
The market is expected to grow due to increased consumption for bakery food items and an increase in the consumption of alcoholic beverages.
In addition, rising consumer demand for nutritious, healthy produce created with natural ingredients is likely to enhance demand. Over the projected period, the yeast extract market is predicted to grow due to the easy resource availability such as saccharides as well as other sugar compounds at a fair price.
A variety of yeast products, as well as their constituents, are extensively used and commercially made and sold. Yeast has recently been used commercially in animal feed all around the world. Several studies have been undertaken to assess animal health and performance following the use of yeast extracts in diet.
Key Takeaways from Market Study
- The yeast extract market is expected to expand at CAGRs of 8.2% and 7.4% in America and the APAC, respectively, through 2032.
- Europe market currently holds 24% share of the total yeast extract marketplace.
- Dry yeast is also used in probiotic, either alone or in conjunction with beneficial bacteria, to give nutritional advantages. Nutritional yeasts include adequate protein and amino acid compounds that are typically greater than grains and oil seed diets.
- Yeast extract sales are increasing globally due to rising customer demand for healthy foods.
- Due to the severe COVID-19 crises, the industry for yeast extract was directly impacted, causing a trade stagnation. Nevertheless, with financial systems giving possibilities and growing customer desire for safe and healthy produce, the industry is likely to rise significantly.
“yeast extract producers would make a fortune if they focused the snack industries. Because of the increased demand for snacks throughout the world, the flavouring agent business might be a viable market for yeast extract.,” says a Future Market Insights analyst.
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Competitive Landscape
Key players in the yeast extract market are concentrating their efforts on research & innovation in aims to enhance the quality of their offerings.
- Angel Yeast Co., Ltd, that is a Chinese high-tech yeast firm, has announced the establishment of a joint venture company to spend USD 15.4 million in the acquisition of Shandong Bio Sunkeen Co, Ltd’s yeast-related assets. The firm hopes to improve its manufacturing capacity as well as solidify and enhance its position in the industry by doing so. As the industry continues to develop, the purchase of Bio Sunkeen will enable the firm to quickly solve possible capacity shortfalls.
- Associated British Foods which is an international food, has confirmed that this has signed an agreement with W Jordan & Son Limited, a UK morning cereals and cereal bar company, to combine the Jordans and Ryvita crispbread and nutritious snacking businesses. The merger of Jordans and Ryvita will establish Jordans and Ryvita as a market leader in the provision of goods to fulfil rising customer usage of natural additives and healthy eating.
Market Segments Covered in Yeast Extract Market Analysis
By Grade :
- Food Grade
- Feed Grade
By End Use :
- Food and Beverages
- Soups
- Processed Food
- Dairy Products
- Bakery
- Sauces & Savory Flavors
- Non-alcoholic Beverages
- Alcoholic Beverages
- Animal Feed
- Pharmaceuticals
- Microbial Nutrients
- Cosmetics & Personal Care
- Others (Biofuel & Biomass Production)
By Region :
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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