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:
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Lesaffre Group
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Kerry Group
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Angel Yeast
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Leiber GmBH
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Lallemand, Inc.
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Biospringer
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DSM
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Synergy Flavors
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Thai Foods International Co. Ltd.
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Halcyon Proteins
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Specialty Biotech
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Alltech
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Ohly
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Kohjin Life Sciences
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Sensient Technologies Corp.
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AB Mauri
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Biorigin
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Titan Biotech Limited Company
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Oriental Yeast
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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
Report Attributes | Report Details |
Report Title | Yeast Extract Market Research Report |
By Technology | Autolyzed, Hydrolyzed |
By Application | Animal Feed, Food & Beverages |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 225 |
Number of Tables & Figures | 158 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Yeast Extract Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Autolyzed
2. Hydrolyzed
7. By Application:1. Animal Feed
2. Food & Beverages
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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:
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- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Yeast Extract Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Yeast Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Yeast Extract Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Yeast Extract Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Yeast Extract Market Size & Forecast, 2018-2028
4.5.1 Yeast Extract Market Size and Y-o-Y Growth
4.5.2 Yeast Extract Market Absolute $ Opportunity
Chapter 5 Global Yeast Extract Market Analysis and Forecast by Technology
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Technology
5.1.2 Basis Point Share (BPS) Analysis by Technology
5.1.3 Absolute $ Opportunity Assessment by Technology
5.2 Yeast Extract Market Size Forecast by Technology
5.2.1 Autolyzed
5.2.2 Hydrolyzed
5.3 Market Attractiveness Analysis by Technology
Chapter 6 Global Yeast Extract Market Analysis and Forecast by Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Application
6.1.2 Basis Point Share (BPS) Analysis by Application
6.1.3 Absolute $ Opportunity Assessment by Application
6.2 Yeast Extract Market Size Forecast by Application
6.2.1 Animal Feed
6.2.2 Food & Beverages
6.3 Market Attractiveness Analysis by Application
Chapter 7 Global Yeast Extract Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Yeast Extract Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Yeast Extract Analysis and Forecast
9.1 Introduction
9.2 North America Yeast Extract Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Yeast Extract Market Size Forecast by Technology
9.6.1 Autolyzed
9.6.2 Hydrolyzed
9.7 Basis Point Share (BPS) Analysis by Technology
9.8 Absolute $ Opportunity Assessment by Technology
9.9 Market Attractiveness Analysis by Technology
9.10 North America Yeast Extract Market Size Forecast by Application
9.10.1 Animal Feed
9.10.2 Food & Beverages
9.11 Basis Point Share (BPS) Analysis by Application
9.12 Absolute $ Opportunity Assessment by Application
9.13 Market Attractiveness Analysis by Application
Chapter 10 Europe Yeast Extract Analysis and Forecast
10.1 Introduction
10.2 Europe Yeast Extract Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Yeast Extract Market Size Forecast by Technology
10.6.1 Autolyzed
10.6.2 Hydrolyzed
10.7 Basis Point Share (BPS) Analysis by Technology
10.8 Absolute $ Opportunity Assessment by Technology
10.9 Market Attractiveness Analysis by Technology
10.10 Europe Yeast Extract Market Size Forecast by Application
10.10.1 Animal Feed
10.10.2 Food & Beverages
10.11 Basis Point Share (BPS) Analysis by Application
10.12 Absolute $ Opportunity Assessment by Application
10.13 Market Attractiveness Analysis by Application
Chapter 11 Asia Pacific Yeast Extract Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Yeast Extract Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Yeast Extract Market Size Forecast by Technology
11.6.1 Autolyzed
11.6.2 Hydrolyzed
11.7 Basis Point Share (BPS) Analysis by Technology
11.8 Absolute $ Opportunity Assessment by Technology
11.9 Market Attractiveness Analysis by Technology
11.10 Asia Pacific Yeast Extract Market Size Forecast by Application
11.10.1 Animal Feed
11.10.2 Food & Beverages
11.11 Basis Point Share (BPS) Analysis by Application
11.12 Absolute $ Opportunity Assessment by Application
11.13 Market Attractiveness Analysis by Application
Chapter 12 Latin America Yeast Extract Analysis and Forecast
12.1 Introduction
12.2 Latin America Yeast Extract Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Yeast Extract Market Size Forecast by Technology
12.6.1 Autolyzed
12.6.2 Hydrolyzed
12.7 Basis Point Share (BPS) Analysis by Technology
12.8 Absolute $ Opportunity Assessment by Technology
12.9 Market Attractiveness Analysis by Technology
12.10 Latin America Yeast Extract Market Size Forecast by Application
12.10.1 Animal Feed
12.10.2 Food & Beverages
12.11 Basis Point Share (BPS) Analysis by Application
12.12 Absolute $ Opportunity Assessment by Application
12.13 Market Attractiveness Analysis by Application
Chapter 13 Middle East & Africa (MEA) Yeast Extract Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Yeast Extract Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Yeast Extract Market Size Forecast by Technology
13.6.1 Autolyzed
13.6.2 Hydrolyzed
13.7 Basis Point Share (BPS) Analysis by Technology
13.8 Absolute $ Opportunity Assessment by Technology
13.9 Market Attractiveness Analysis by Technology
13.10 Middle East & Africa (MEA) Yeast Extract Market Size Forecast by Application
13.10.1 Animal Feed
13.10.2 Food & Beverages
13.11 Basis Point Share (BPS) Analysis by Application
13.12 Absolute $ Opportunity Assessment by Application
13.13 Market Attractiveness Analysis by Application
Chapter 14 Competition Landscape
14.1 Yeast Extract Market: Competitive Dashboard
14.2 Global Yeast Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Angel Yeast
14.3.2 Leiber GmBH
14.3.3 Halcyon Proteins
14.3.4 Sensient Technologies Corp
14.3.5 Synergy Flavors
14.3.6 Lesaffre Group
14.3.7 Alltech
14.3.8 Kerry Group
14.3.9 Ohly
14.3.10 Biospringer
14.3.11 Lallemand Inc
14.3.12 Kohjin Life Sciences
14.3.13 Thai Foods International Co Ltd
14.3.14 Biorigin
14.3.15 Specialty Biotech
14.3.16 Titan Biotech Limited Company
14.3.17 DSM
14.3.18 AB Mauri
14.3.19 Kothari Fermentation & Biochem Ltd
14.3.20 Oriental Yeast