Yeast Extract Market Forecasts to 2028 – Global Analysis By Type (Inorganic, Organic, Prod) Product (Yeast Autolysates, Yeast Beta-Glucan, Yeast Derivatives), Technology (Autolyzed, Hydrolyzed) and By Geography
According to Stratistics MRC, the Global Yeast Extract Market is accounted for $1.38 billion in 2020 and is expected to reach $2.53 billion by 2028 growing at a CAGR of 7.9% during the forecast period. The easy accessibility of resources and increasing demand for bakery food products are the factors driving the market growth. However, the high initial cost requirements associated with setting up of yeast extract production plants is hampering the growth of the market.
Yeast extracts are fermented foods that contain concentration of yeast cells. Yeast extracts result from the natural breakdown of yeast cells when heated. They are used as flavor enhancers in foods and are often used to create savory flavors and umami taste sensations. Although yeast extracts are not made up of any animal ingredients, the taste is similar to that of a meat bouillon because many of the same taste-giving amino acids are present in both yeast extracts and meat bouillons.
Based on the technology, the autolyzed segment is going to have lucrative growth during the forecast period due to the distinguished taste of autolyzed yeast extracts in various food applications, and rising demand for natural food ingredients and clean label products.
By geography, Europe is going to have high growth during the forecast period owing to the growing demand for nutritional yeast extract, increased consumption of processed food, changing lifestyle, growing urbanization, surge in consumer preference for natural ingredients, increasing demand for baked food products, and extensive usage of organic yeast extracts in the food & beverage applications.
Some of the key players profiled in the Yeast Extract Market include AB Mauri, Angel Yeast, Biorigin, Biospringer, Halcyon Proteins, Kerry Group, Kohjin Life Sciences, Kothari Fermentation & Biochem Ltd., Lallemand, Inc., Leiber GmBH, Lesaffre Group, Oriental Yeast, Sensient Technologies Corp., Thai Foods International Co., Ltd., and Titan Biotech Limited Company.
Estimated Market Size in 2020:
USD 1.38 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 2.53 billion
Tables, Graphs & Figures
Grade, Form, Type, Product, Source of Origin, Fermentation, Technology, Application, Distribution Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Food Grade
• Feed Grade
• Yeast Autolysates
• Yeast Beta-Glucan
• Yeast Derivatives
Source of Origins Covered:
• Baker’s Yeast Extracts
• Brewer’s Yeast Extracts
• Feed Yeast
• Wine Yeast
• Biological Fermentation
• Malolactic Fermentation
• Microbial Fermentation
• Food & Beverages
• Culture Media
• Animal Feed
• Cosmetics & Personal Care
• Dietary supplements
• Microbial Nutrients
• Other Applications
Distribution Channels Covered:
• Convenience Stores
• Specialty Retail Stores
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2054 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Yeast Extract Market is majorly driven by the easy accessibility of resources and increasing demand for bakery food products.
The powder segment is growing at a highest CAGR owing to the convenience of using the product along with its moderately accurate weighing.
Europe dominated with a significant market share due to the factors such as the growing demand for natural ingredients and increasing popularity of baked food products.
Asia Pacific market is growing at a highest CAGR owing to the increasing consumer base for premium food and beverage products.
Key players in Yeast Extract Market include AB Mauri, Angel Yeast, Biorigin, Biospringer, Halcyon Proteins, Kerry Group, Kohjin Life Sciences, Kothari Fermentation & Biochem Ltd., Lallemand, Inc., Leiber GmBH, Lesaffre Group, Oriental Yeast, Sensient Technologies Corp., Thai Foods International Co., Ltd., and Titan Biotech Limited Company.
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