The global demand for Yeast Extract Market is presumed to reach the market size of nearly USD 2.54 Billion by 2032 from USD 1.58 Billion in 2023 with a CAGR of 5.4% under the study period 2024 - 2032. Regarding volume, the market was calculated XX Kilo Tons in 2023 and forecast to touch XX Kilo Tons by 2032 with a CAGR of XX% during 2024-2032.
Yeast extract is a flavouring agent used in producing beer and bread. Yeast extract is used to impart a savoury flavour to foods such as cheese and soy sauce. The yeast extracts are made up of the yeast's cell contents without the cell walls. It can also be found in canned soups, frozen dinners, salty snacks, and stews. There are no genetically modified organisms (GMO)-based ingredients, chemical substances, synthetic additives, or animal-derived ingredients in the yeast extract. The yeast extract is an essential and high-quality source of amino acids, peptides, proteins, nucleotides, minerals, vitamins, and micronutrients.
Market Dynamics
The market for yeast extract is expected to grow due to increased consumption of alcoholic beverages and rising demand for bakery food products, pharmaceuticals, and cosmetics. Furthermore, increased consumer demand for healthy, fresh food made with natural ingredients is expected to drive demand. Due to readily available resources like saccharides and other sugar derivatives at reasonable prices, the market is likely to expand. Glucan-free yeast extract aids in the reduction of bad cholesterol while increasing the production of good cholesterol. Beta-glucan generated from yeast is becoming more common due to cost-effective manufacturing processes and consistent R&D activities on yeast. Yeast beta-glucans are thought to be beneficial in treating a variety of lifestyle disorders when combined with other components. Moreover, yeast extract mannitol is widely used in the animal feed industry to improve cattle efficiency. As a result of these numerous benefits, manufacturers are expanding their product portfolios in the pharmaceutical and animal feed sectors. These elements supplement the overall yeast extract market growth. The high initial cost requirements associated with the establishment of yeast extract production plants and other infrastructure limit market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of yeast extract. The growth and trends of Yeast Extract Industry provide a holistic approach to this study.
Market Segmentation
This section of the yeast extract market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
By Form
By Source
- Bakers Yeast
- Brewer's Yeast
- Torula Yeast
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Yeast Extract market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Yeast Extract Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Yeast Extract market include Biorigin, Biospringer, Angel Yeast, Lesaffre Group, DSM, Lallemand Inc, Kerry Group, Leiber GmbH, Synergy Flavors, Oriental Yeast, Halcyon Proteins, Thai Foods International Co., Specialty Biotech, Alltech, Ohly, Sensient Technologies Corporation., Kohjin Life Science, AB Mauri. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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