Market Overview
Yeast and Yeast Extract Market is permeating across diverse industries with considerable ease, which creates enough space for the market’s growth. The global market is showing potential to reach USD 7.8 billion valuation by 2027 with a CAGR of 9.1% during the forecast period of 2017 to 2027. Market Research Future (MRFR) predicts that the global yeast & yeast extract market can gain traction for better percolation into segments like dairy products, processed & frozen food products, canned, and dietary supplements. The intake of yeast extract is also high as they are also considered a rich source of B complex vitamins, minerals, proteins, lipids, and nucleotides.
MRFR’s report considers the advantages of yeast as a source of various nutrients like B complex vitamins, lipids, minerals, proteins, and nucleotides. This can simplify its permeation process across industries. Other factors like high integration of these products in gourmet cuisine to stay in-sync with changing lifestyle, product variety, rising intake of health & wellness products, and increasing takers from the downstream market can inspire the market growth.
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Competitive Landscape
The yeast and yeast extract market are witnessing a substantial influx of several companies that are making the market competitive with their strategic developments. These initiatives are expected to drive the market ahead as well, all the while, helping in the solidification of their own market presence. MRFR registered a few names in the report and tracked their market contribution to understand how the market is set to shape up in the coming years. These companies are British Foods PLC (UK), Angel Yeast Co., Ltd (China), Dsm N.V (Netherlands), Chr. Hansen (Denmark), Lesaffre Group (France), Synergy Flavors (Ireland), Kerry Group (Republic of Ireland), Lallemand Inc (Canada), Leiber Gmbh (Germany), and others.
In September 2019, Lesaffre launched Saf-Pro Artisan Fleurage semolina and seed toppings. The product is expected to take the market by storm with its unique ability to blend taste and aroma. The taste of these ingredients is bound to give bread a substantial twist. It gives bakers an advantage as they can start kneading a single dough and with that, they can create different types.
Segmentation
The global market for yeast and yeast extract, as reported by MRFR, can be segmented into type, application, product type, and form. This carries significant information on factors that can inspire changes in the market.
By type, the market for yeast and yeast extract includes brewer’s yeast, baker’s yeast, and wine yeast. The baker’s yeast segment is in charge of the market, while the brewer’s yeast segment can top the growth chart with the highest CAGR during the forecast period.
By application, the report on the yeast and yeast extract market comprises animal feed, food & beverages, pharmaceuticals and for various academics & research institutes studies. The food & beverage segment can act as both the largest and fastest-growing segment.
By product type, the market for yeast and yeast extract market encompasses yeast beta-glucan, yeast autolysates, and yeast derivatives. The yeast autolysates segment has the market lead, and it can be the fastest growing one during the forecast period.
By form, the market for yeast and yeast extract includes dry yeast and instant yeast. The dry yeast has the maximum market valuation and can grow with the fastest CAGR in the coming years.
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Regional Analysis
Europe has the charge of the global market and is growing with substantial revenue. This is happening due to substantial influx of top-rated technologies that have simplified the process. It can bank on countries like France, Italy, Spain, Germany, and the United Kingdom (UK) for a better growth rate. Also, breweries, wineries, and bakeries are in growing up in the region with remarkable speed, which can impact notably during the analysis of the market.
North America contribution in the market would be substantial as well. The region is also benefitting from the changes in consumption pattern of people, especially belonging to the US and Canada. The APAC market would also claim significant traction by assisting in the investment of several companies like China, India, and Japan.
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