Yeast Extract Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Autolyzed, Hydrolyzed), By Application (Food And Beverage, Animal Feed, Pharmaceuticals, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061614363
- Pages : 138
Yeast extract is a natural product as it is made from fresh yeast, and has no artificial or chemical substances. Throughout the whole manufacturing process, it preserves its normal characteristics and organoleptic properties as its internal enzymes create delightful components by breaking down yeast proteins into amino acids. So, finally, customers get yeast extract.
Given its usual nature and least processing, engaging yeast extract as an ingredient in the food is advantageous for both food manufacturers and consumers. Certainty, individuals are finding for food and beverage goods with no artificial quality. Furthermore, clean-label products create a noteworthy hurdle since clients prefer items with natural components, they are able to recognize.
Yeast extracts are prepared by using two different technologies: autolysis and hydrolysis. Owing to its improved properties, pure baker's yeast is the suggested foundation for extraction. Food and beverages are the primary foods based on yeast extracts. Other goods include fish-based sauces and seasonings, dairy items, noodle dishes, preprocessed foods, baked goods, soups, spreads, and sweets.
The industry is escalating due to growing client preferences for food products with natural components and no salt present. In the meantime, yeast extracts are a great source of minerals, vitamins, and nucleotides, and are used as an alternative to MSG. Over the projection period, it is predicted that rising customer consciousness of yeast extract's advantages as a healthy alternative for MSGs drives up product demand. Due to its extensive nutritional worth and inherent umami properties, yeast extract is an exceptional choice for dietary supplements and functional meals.
The growing interest in processed foods is a major driver of the market for yeast extract
The rising demand for processed foods, the intensifying usage of yeast extract as a taste enhancer, and consumers' growing awareness of their well-being are the key aspects driving the yeast extract market. The hectic lifestyles of consumers and their desire for accessibility are the foremost factors driving the increasing demand for processed food. The growing food and beverage sector, which is looking for techniques to improve the flavour and aroma of its products, is the driving force behind the rising usage of yeast extract as a flavour enhancer. The huge consumption of healthy and natural food ingredients, like yeast extract, is being influenced by consumers' rising demand for fitness and well-being.
Increased demand for autolyzed yeast extract will hasten the market growth
Autolyzed yeast extract is a common flavour enhancer in various preprocessed foods, such as meats, pastes, soups etc. Due to its meaty flavour, it is used in savoury mixtures, nibbles, drinks, and biscuits, as a source of hidden MSG in food. Therefore, the rising utilization of autolyzed yeast extracts in prepared foods along with rising packaged food consumption is upsurging product demand.
Autolyzed yeast extracts are suitable organic constituents for dietary supplements as they are an excellent basis for protein and minerals. Autolyzed yeast extracts' high extraction rate and low cost are added significant characteristics that are predicted to progress the entire industry landscape.
Europe is projected to be the prominent market shareholder in the yeast extract market and is anticipated to continue throughout the forecast period.
Europe is anticipated to be the key shareholder in the yeast extract market, with the high consumption of bread. The two main reasons driving the market expansion in this area are the expanding demand for nutritious yeast extract and the increasing consumption of processed foods. Several other significant factors driving the regional market expansion comprise expanding urbanization, changing lifestyles, a surge in customers’ rising demand for baked goods, and a desire for natural ingredients. Organic yeast extracts prevail to be an ingredient in the food and beverage industry making it more health-centric.
The regional market will also be driven by an upsurge in demand for ready-to-eat food goods brought on by altering dietary habits. The region with the second highest market growth over the forecast period is anticipated to be Asia Pacific. Yeast extract is widely used in bakery goods, canned and frozen soups, meat and fish, sauces, and savoury mixes as a natural ingredient, as a salt-reduction element, and as a flavouring agent. As an outcome of customer preference for high-quality food and beverage items, countries like China and India experience a high increase in product demand.
Market Key Developments
- In May 2022, A new manufacturing facility opened in Cedar Rapids, US, as part of the growth ambitions of Red Star Yeast Co. (US), a combined endeavour between ADM (US) and Lesaffre (France). A new yeast fermenter was part of this strategic expansion, which greatly improved the company's manufacturing capacities.
- In January 2022, The OHLY SAV-R-MEAT PBD yeast-based chicken flavour enhancers were introduced by OHLY (Germany), a division of affiliated British food plc (UK), in response to the growing customer demand for food products with a robust chicken flavour and long-lasting umami mouthfeel.
- In July 2021, BioGlena, a completely natural beta-glucan component derived from whole Euglena gracilis algae, is being introduced by Solabia-Algatech Nutrition as an immune support supplement. The substance contains complete proteins, necessary vitamins, minerals, and fatty acids in addition to a high beta-glucan concentration of about 55%.
Yeast Extract Market Scope:
|Growth Rate||CAGR during the forecast period|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Application, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Lesaffre, AngelYeast Co. Ltd, Halcyon Proteins, Biospringer, Thai Foods International, Alltech, Synergy Flavors, Lallemand Inc, Ohly, Leiber GmBH|
|Customization Scope||Free report customization with purchase|
- By Type
- By Application
- Food and Beverage
- Animal Feed
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. YEAST EXTRACT MARKET ANALYSIS, BY TYPE
6. YEAST EXTRACT MARKET ANALYSIS, BY APPLICATION
6.2. Food and Beverages
6.3. Animal Feed
7. YEAST EXTRACT MARKET ANALYSIS, BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.4.1. United Kingdom
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1 Major Players and Strategy Analysis
8.2 Emerging Players and Market Lucrativeness
8.3 Mergers, Acquisitions, Agreements, and Collaborations
8.4 Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.2. AngelYeast Co. Ltd
9.3. Halcyon Proteins
9.5. Thai Foods International
9.7. Synergy Flavors
9.8. Lallemand Inc
9.10. Leiber GmBH
AngelYeast Co. Ltd
Thai Foods International
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