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The global yeast extract market is projected to surpass USD 11.61 billion by 2023, growing with a CAGR of 11.4% from 2017 to 2023. Yeast extract is largely used as a natural food flavouring ingredient in numerous animal and human nutritional applications, which include bakery & alcohol, animal feed, animal nutrition & pet feed, pharmaceuticals, supplements & functional food. Yeast extract is the key ingredient in bakery & brew industry. Apart from this, increased usage of yeast in probiotics and bio fuel manufacturing subsequently resulted in the growth of the yeast extract market. Growing demand of nutritional food in the developing and developed regions of the world is expected to accelerate industry expansion. However, strained supply of raw materials such as molasses for yeast extract preparation is likely to restrain the growth of market over the forecast period. Moreover, fluctuations in raw material prices is anticipated to be another restraining factor in the global yeast due to availability and price issues.
figure: Global Yeast Extract Market by value 2015-2023
Segments Covered:
The report segments the global yeast extract market by application, by type and region. The applications include food and beverages, feed and pharmaceutical among others. Furthermore, on the basis of type, the market has been segmented into baker’s yeast, brewer’s yeast, wine yeast, feed yeast and bio-ethanol yeast among others. The report also provides insights about the yeast extract varieties such as beta glucan and autolysed yeast products. Beta glucan find applications in pharmaceuticals while autolysed yeast product is majorly used for replacing monosodium glutamate (MSG) in food industry.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Europe is the leading market for yeast ingredients market and will continue to maintain its dominant position through 2023. Asia-Pacific is expected to show brisk growth during the forecast period owing to greater adoption of processed food as well as functional food. North America is also expected to exhibit significant growth in the upcoming years.
Companies Profiled:
The companies covered in the report include Angel Yeast Co., Ltd, Biospringer, DSM, Lesaffre Group, Lallemand Inc, Chr. Hansen, Kerry and AB Mauri. Other notable players in this industry include Alltech, Leiber gmbh, Oriental Yeast Co., Ltd. And Synergy Flavors.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of yeast extract globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of yeast extract. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the yeast extract market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market.
The report also provides in depth analysis of regulatory framework pertaining to yeast extract market. This will help the companies to understand the regulatory compliance, supports, and barriers in the yeast extract market. This section highlights key amendments and their implication on yeast extract market in the short run as well as in the long run.
This report will help manufacturers, suppliers and distributors of the yeast extract market to understand the present and future trends in this market and formulate their strategies accordingly.
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