Global Yeast Extract Market by Technology (Autolyzed, Hydrolyzed), by Application (Animal Feed, Food & Beverages) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global yeast extract market was worth USD 1.3 billion. It is projected to grow at a compound annual growth rate of 5.9% between 2020 and 2027. Market growth is expected to be driven by rising consumption of alcohol and increased demand for bakery products. Yeast extract can be used as a clean-label ingredient. It can be used as a natural flavoring agent, similar to herbs and spices. It is free from GMOs, Kosher and Halal, and does not contain gluten. It is expected to be driven by rising consumer preferences for fresh, healthy food products with natural ingredients. Over the forecast period, the yeast extract market will see a rise in demand due to the easy availability of sugar derivatives and saccharides at a low price.

Due to new product developments and innovations, the market for bakery goods will grow over the forecast period. With the help enzymes, the product is made without chemical additives. They separate the yeast proteins into their flavor-offering features. These are then removed from insoluble residual constituents, and dried.

This method yields yeast extract. It is a mixture of distinguished carbohydrates, HTML3_ amino acids HTML3_ HTML4_, minerals, vitamins, and other nutrients. The European Association for Specialty Yeast Products says that the increased product development in the vegan/plant-based and meat alternative markets is creating a new opportunity for products to have a clean label edge and a savory flavor.

Technology Insights

In 2019, the autolyzed technology segment held more than 55% of the market share. This segment will continue to hold the lead throughout the forecast period due to the distinctive taste of autolyzed yeast extracteds in various food applications such as bakery products and soups, as well dressings. These extracts are rich in micronutrients as well as vitamin B. The autolyzed market is also being driven by rising demand for clean-label products and natural food ingredients.

The autolyzed method has low-cost features, and high extraction rates. Hydrolysis, however, is more expensive but can produce premium-quality products. Many technological innovations have been developed, including membrane ultrafiltration technology and yeast cell wall breaking.

To make flavor-enhancing technology, Maillard's reaction is used to create flavored yeast extract. This allows for the creation of a flavor from chicken, beef, or other meat flavors. The peptide bonds in the yeast proteins are allowed to hydrolyze to form autolyzed yeast. There are two methods to make this happen. The temperature at which edible yeast is heated to a temperature that allows the yeast's proteolytic enzymes to break down proteins and produce distinguished amino acids and other peptides is controlled.

Form Insights

The market leader was the powder form, accounting for more than half of the total market share in 2019. It is expected to continue its strong growth due to its widespread use in many applications such as food, medicine, and nutritional supplements. Powder form can be used to enhance flavor or flavor and replace MSG. It can also be used to provide nutrients for bacterial media.

Powdered products are much easier to use than paste forms. Powdered products are easy to weigh. The addition can be done easily, the packaging can be discarded and the product is fluid. 1.25 kg of yeast extract powder can replace 1.5kg of yeast extract paste. This means that labor intensity and material are lower and the container is easier to clean. It also makes it easy for administration on site.

Application Insights

The market was dominated by the food & beverages segment, which held 38% of global share in 2019. Due to rising allergies to MSG, the demand for food & beverages is increasing. Food & Beverage is expected to grow in the coming years due to the extensive use of MSG in baking applications.

In 2019, animal feed was the second largest application segment. This application segment is expected to grow at the fastest rate between 2020 and 2027 due to rising demand. There are many health and nutritional benefits such as increased animal productivity, efficiency, digestibility, and reduced risk of acidosis. It contains several bio-active elements such as cell wall polysaccharides, nucleotides and nucleotides that are considered to be beneficial for the health and growth of piglets. It is therefore considered a potential in-feed antibacterial substitute.

Regional Insights

Europe was the largest regional market in 2019, accounting for more than 36%. This region is experiencing significant market growth due to the growing demand for nutritional yeast extract as well as increased intake of processed foods. Other key factors driving regional market growth include a changing lifestyle, rising urbanization, increased consumer preference for natural ingredients and an increase in demand for baked foods.

The regional market will also be driven by rising demand for ready to eat food products, due to changing dietary preferences. It is used extensively as a natural ingredient, a salt reduction ingredient and as flavoring agent in baked goods, canned and frozen soups and sauces, meat, fish, and savory mixtures. The highest expected CAGR is in Asia Pacific over the forecast period. Due to consumers' desire for premium food and beverages, countries like India and China are experiencing growing product demand.

Market Share Insights & Key Companies

There is a lot of activity in the market, with many companies engaging in capital extension, strategic alliances and regular mergers and acquisitions. Companies that are established in the industry are working hard to increase their market share and improve productivity by using technological innovations. The market leader in yeast extract is:

• Lesaffre Group

• Kerry Group

• Angel Yeast

• Leiber GmBH

• Lallemand, Inc.

• Biospringer

• DSM

• Synergy Flavors

• Thai Foods International Co. Ltd.

• Halcyon Proteins

• Specialty Biotech

• Alltech

• Ohly

• Kohjin Life Sciences

• Sensient Technologies Corp.

• AB Mauri

• Biorigin

• Titan Biotech Limited Company

• Oriental Yeast

• Kothari Fermentation & Biochem Ltd.

Up Market Research published a new report titled “Yeast Extract Market research report which is segmented by Technology (Autolyzed, Hydrolyzed), by Application (Animal Feed, Food & Beverages), By Players/Companies Angel Yeast, Leiber GmBH, Halcyon Proteins, Sensient Technologies Corp, Synergy Flavors, Lesaffre Group, Alltech, Kerry Group, Ohly, Biospringer, Lallemand Inc, Kohjin Life Sciences, Thai Foods International Co Ltd, Biorigin, Specialty Biotech, Titan Biotech Limited Company, DSM, AB Mauri, Kothari Fermentation & Biochem Ltd, Oriental Yeast”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Yeast Extract Market Report Segments:

The market is segmented by Technology (Autolyzed, Hydrolyzed), by Application (Animal Feed, Food & Beverages).

Yeast Extract Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Yeast Extract Market

Overview of the regional outlook of the Yeast Extract Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Yeast Extract Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Yeast Extract Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Autolyzed

                2. Hydrolyzed

                1. Animal Feed

                2. Food & Beverages

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Yeast Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
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Reasons to Purchase the Yeast Extract Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.