Yeast Extract Market is valued at USD 1.61 Billion in 2021 and expected to reach USD 2.49 Billion by 2028 with the CAGR of 6.5% over the forecast period
Yeast Extract Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2029. Increasing demand of health and wellness food products is the major growth factor of the global yeast extract 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 these 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. The advancement of in the food applications are expected to lead to the surge in the market demand for yeast extract during the forecast period.
Global yeast extract market report is segmented on the basis of source of origin, technology, application, distribution channel and region & country level. Based on source, global yeast extract market is classified as baker’s yeast extract and brewer’s yeast extract. Based upon technology, market is classified as autolyzed yeast extract and hydrolyzed yeast extract. Based upon application, global yeast extract market is classified into food and beverages, feed industry, bio-fuel industry others. Based on distribution channel direct, indirect, hypermarkets/supermarkets, convenience stores, specialty retail stores, e-commerce and other retail formats.
The regions covered in this yeast extract market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Yeast Extract is sub divided into U.S., Canada, Mexico, U.K., Germany, Italy, France, Spain, Russia, China, Japan, Australia, South Korea, India, South America, The Middle East, Africa etc.
Global yeast extract market Companies are -
The global yeast extract market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. Europe has dominated the global yeast extract market in 2019 owing to increasing consumption of processed food products, the rise in alcohol consumption, and awareness about the nutritive value of yeast are also supplementing the market growth in this region. In addition, rising consumption of cakes, bread, pastries, as well as alcoholic beverages has led to an increase in demand for yeast in this region.
North America is expected to capture a significant share of the global yeast extract market owing to the growing demand for natural additives and ingredients by the food manufacturers in this region. In addition, growing demand for bakery products and alcoholic beverages among the consumers in this region is also expected to supplement the market growth in this region.
The Asia-Pacific market is expected to generate the highest CAGR in the global market during the forecast period. Increasing population, rising disposable income of consumers, and increasing urbanization and the consumption of food products & beverage are some of the major factors expected to drive the growth of the market in this region.
Proactive Interest Shown by People Towards International Cuisine and Culinary Trend, and the Increased Demand for Health and Wellness Food Products are the Major Factors Driving the Market Growth.
The major factors driving the growth of global yeast extract market are proactive interest shown by people towards international cuisine and culinary trend, and the increased demand for health and wellness food products. In addition, changing lifestyles and growing demand for organic, healthier, and clean-labelled products are also supplementing the market demand for yeast extract. The expansion of food industries, social outlets, hotels and restaurants in the recent years have also been driving the growth of yeast extract market. However, the high initial cost requirements associated with setting up of yeast extract production plants and other infrastructure may limit the growth of the market. In addition, the regulatory issues related to addition of yeast extracts to food and feed products as ingredients or flavoring agent are also affecting the growth of the yeast extract market. In spite of that, increasing awareness regarding healthy diet for a healthy lifestyle and the potential benefits of yeast extract over its GMO counterpart and government support in emerging countries are expected to generate new market opportunities over the forecast period.
Bragg Live Food Products Partnered with Swander Pace Capital, Dragoneer Investment Group and Co-Investors
June 25th, 2019: Bragg Live Food Products, Inc. (“Bragg”), one of the oldest and most trusted health and wellness brands and the world’s top producer of apple cider vinegar, announced that it has been acquired by an investor group led by Swander Pace Capital, a leading private equity firm specializing in investments in consumer products companies.
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2021:||USD 1.61 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 2.49 Billion|
|Tables, Charts & Figures:||175|
|Players||Kewpie Corporation, Avanti Polar Lipids Inc, NOF America Corporation, Nutrasal, Inc, Inland Island Yeast Laboratories, Associated British Foods plc, Lallemand Inc., Angel Yeast Co. Ltd, Laffort SA, Alltech inc., Oriental Yeast Co. Ltd, Omega Yeast Labs, Bragg Live Foods, Lesaffre, Royal DSM, ADM, Chr Hansen, Biorigin, Leiber, Kerry, others.|
|Segments Covered||By Source, By Technology, By Application, By Distribution Channel|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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