Yeast and Yeast Extract Market Overview:
Yeast and yeast extract is beneficial for various purposes, including baking, brewing beer and wine, making bread doughs rise properly, and generating energy in food production processes such as canning or freezing fruits and vegetables.
The Yeast and Yeast Extract Market are registered to expand at a significant rate of 7.91% during the forecast period of 2022 to 2030, owing to rising demand from the food industry for improved flavor profile and nutritional value.
Yeast is a microorganism that produces alcohol, acids, and carbon dioxide as by-products of fermentation. Yeast Extract is the dried yeast extract that has been ground or liquefied for use as a food additive or pharmaceutical ingredient. Rising consumption of fermented foods such as alcoholic beverages, dairy products, fish casseroles/stews, etc., is anticipated to drive the growth of this market during the study period.
Yeast is an important part of the human diet as it is essential for producing lactic acid bacteria (LAB), which act as natural preservatives in many fermented foods. Yeast also helps to absorb flour by transforming carbohydrates into alcohol and carbon dioxide gas while fermenting dough; this process creates fluffy baked goods with a chewy texture.
Market Segmentations:
The yeast and yeast extract market has been segmented into application, type, and region.
Yeast is a microorganism that lives in the intestine of humans and other animals. It is a food additive for baking, brewing beer/malt beverages, or producing wine. Yeast Extracts represent the dried yeast cells extracted from raw ingredients such as sugarcane juice, corn sweetener molasses, wheat germ oil etc., and using solvents like hexane.
The yeast market has been segmented into six categories based on product applications: bakery products, brewing industry (alcoholic drinks), soda industry, sugar confectionery sector including chocolates etc.
By application, a market can be divided into animal feed or beverages. The food and beverages segment is expected to boom in the market in the e growing years.
The market has been divided into brewers or feed types, wine and many others. Baker’s yeast is in the lead of contributing to the industry's growth.
Regional Analysis:
North America will be the dominant regional Yeast and Yeast Extract Market. Rising consumption of fermented foods such as alcoholic beverages, dairy products, fish casseroles/stews, etc., is anticipated to drive the growth of this market in this region. Changing lifestyles, growing urbanization, the surge in consumer preference for natural ingredients, increasing demand for baked food products, and extensive usage of organic yeast extracts in food beverage applications are other key factors boosting the regional market growth.
Moreover, rising demand for ready-to-eat food products due to shifting dietary preferences will drive the regional market. The product is extensively used as a natural ingredient, salt reduction ingredient, and a flavoring agent in bakery items, canned and frozen soups, sauces, meat and fish, and savory mixes. It is forecasted that the Asia Pacific region holds the highest CAGR.
Competitive Landscape Analysis:
As per the Key Yeast and Yeast Extract Market Players analysis, the worldwide market is highly contributed with the efforts of market players in the global market. These prominent market giants are:
- Hansen A S (Denmark)
- Associated British Foods PLC (U.K.)
- Lallemand Inc. (Canada)
- BSG CraftBrewing (U.S.)
- Angel Yeast (China)
- Leiber GmbH (Germany)
- Lesaffre (France)
- Koninklijke DSM N.V. (The Netherlands)
- Novozymes (Denmark)
- Synergy Flavors (U.S.)
- Kerry Group PLC (Ireland)
- Omega Yeast Labs, LLC (U.S.)
- Kothari Fermentation and Biochem Ltd. (India)
- Oriental Yeast Co., Ltd. (Japan)
- Pak Group (U.S.).
Industry News:
22-09-22: The growing demand for baked products and confections is expected to drive considerable growth in the global yeast extract market over the forecast period, according to a recent analysis from market research Market Research Future.
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