January 14, 2020
As per the latest research report titled ‘Yeast Extract Market Size By Technology (Autolyzed Yeast , Hydrolyzed Yeast), By Source (Bakers Yeast, Brewers yeast), By Form (Powder, Paste), By Application (Food & Beverages [Soups, Processed foods, Dairy Products, Bakery, Sauces & Savory Flavors], Animal Feed, Pharmaceuticals), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’ available with Market Study Report LLC, the global yeast extract market is presumed to accumulate US $2 billion by the year 2026.
Shifting consumer preference for natural ingredients, coupled with rising awareness regarding the benefits of using clean label products are supporting the growth of yeast extract market. The synthetic counterpart of yeast, MSG is known to cause health issues such as numbness, nausea, chest pain, sweating, and headache. Growing focus of manufacturers towards replacing MSG with yeast will augment the market outlook.
Yeast extract is used extensively for manufacturing a plethora of products across pharmaceutical, food & beverage, and animal feed applications. The compound enhances the taste, imparts savory flavor, and partially replaces salt. Rising trend of adopting flexitarian and vegan diets will impel the growth of yeast extract market. However, high initial expenditure in developing yeast extract plant and secondary infrastructure may deter the market growth.
Based on the technology segmentation, the report categorizes the yeast extract market into hydrolyzed yeast and autolyzed yeast. While as source, the market is segmented into brewers yeast and bakers yeast. Speaking of form, the industry is divided into paste and powder.
The study cites that key industry players are emphasizing on research & development activities to enhance the usage of yeast extract across various applications. They are also focusing on improving their production capabilities to meet the growing demand from Middle East & Africa, which is further propelling the business scenario.
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Considering the geographical outlook, China yeast extract market from food & beverage application segment is expected to grow significantly during 2019-2026. Yeast extract is utilized to accentuate the taste properties of various food items such as seasoning, noodles, snacks, bakery products, soups, and sauces. This factor coupled with booming population of China and rich manufacturing base will favor the regional market share.
The prominent companies operating in yeast extract market include Biorigin, Sensient Technologies Corporation, Ohly, Alltech, Specialty Biotech, Thai Foods International Co., Ltd., Halcyon Proteins, Biospringer, Synergy Flavors, Leiber GmbH, Lallemand, Inc., Kerry Group, DSM, Angel Yeast, and Lesaffre Group among others.
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