According to Future Market Insights (FMI), the USA yeast extracts market is expected to be valued at US$ 1,291.3 million in 2023. It is anticipated to reach US$ 2,868.6 million by 2033, and record a CAGR of 8.3% from 2023 to 2033.
Yeast products are readily accessible and highly processable, contributing significantly to their substantial demand across various sectors, notably cosmetics, food, and pharmacy.
Within the cosmetics industry, yeast-derived components such as beta-glucan and yeast extract are frequently utilized in skincare creams for their anti-aging and sun protection properties. Yeast extracts, in particular, are favored for their cost-effectiveness, often being incorporated into cosmetic formulations at affordable price points, thus making them accessible to a wider consumer base.
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In both the food and pharmaceutical sectors, the affordability of raw materials plays a pivotal role in shaping sales opportunities. Consequently, yeast products often serve as substitutes for higher-priced and harder-to-obtain ingredients.
Beta-glucan, sourced from yeast, mushrooms, oats, barley, among others, stands out for its cost-effective extraction processes, particularly when derived from yeast. This makes it a sought-after option for various applications.
Yeast beta-glucan, in combination with other components, is increasingly utilized in addressing lifestyle diseases. Its demonstrated benefits in lowering cholesterol levels, enhancing immune function, and promoting liver and brain health contribute to its growing popularity.
This trend is reflected in the rising number of nutraceutical products incorporating yeast extract as a key ingredient. While mannan oligosaccharides from yeast are also used in dietary supplements, yeast beta-glucan emerges as a preferred choice across both sectors.
Key Takeaways from the Report:
- The USA yeast extracts market is valued at US$ 1,291.3 million in 2023, and is projected to reach US$ 2,868.6 million by 2033.
- In functional area segment, demand for human consumption holds a market share of 33.3%, followed by biotechnology (for cell nutrition) which holds 29.0% market in 2023.
- By source, baker’s yeast is expected to increase at a CAGR of 7.2% and is anticipated to reach a market value of US$ 1,167.5 million by 2033.
- By form, powder is expected to grow from US$ 941.1 million in 2023 to reach a market valuation of US$ 2,149.8 million by 2033.
- By use case, dietary supplements are growing at a lucrative CAGR of 10.6% and are expected to reach market valuation of US$ 625.1 million by 2033.
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“Yeast extract products are gaining popularity in the USA market mainly due to them being derived organically. As health consciousness increases among the general masses, additive-free, clean-label foods are gaining popularity. Manufacturers would find significant opportunity by innovating to create food items with yeast extracts, as it also scores high in improving palatability.” – says a Lead Analyst
Competitive Landscape: USA Yeast Extracts Market
The competitive landscape is fuelled by the presence of key national and international players. Leading Companies are implementing mergers & acquisitions and new product launches as key strategies to compete in the market.
Acquisitions and mergers have facilitated companies to improve product quality and expand product reach. Moreover, launching new products in the market has supported the companies to offer demanded quality products and meet the changing consumer trends across the industry.
- In September 2022, Lesaffre, a global fermentation company acquired Recombia Bisciences which is a biotechnology company based in San Francisco.
- In July 2022, Angel Yeast Co. announced it’s expanding production facility for biodegradable polyhydroxyalkanoates (PHA) polyesters with Beijing PhaBuilder Biotechnology in Yichang, China.
Key Players:
- Royal DSM N.V.
- Lesaffre Group
- Kerry Group
- Lallemand, Inc.
- Angel Yeast Co. Ltd.
- Fuji Foods Corporation
- ABF Ingredients (ABF Group)
- Sensient Technologies Corporation
- Leiber GmbH
- Costantino & C. spa.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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