Specialty Yeast Market

2019 Analysis and Review Specialty Yeast Market by Type - Yeast Extracts, Yeast Autolysates, Yeast Beta-glucan, and Other Yeast Derivatives for 2019 - 2029

  • 2020-04-09
  • REP-GB-11527
  • 128 Tables
  • 128 Figures
  • 250 pages
  • PDF PPT EXCEL
Specialty Yeast Market
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Global Specialty Yeast Market to Reach US$ 3,656.3 Mn by 2029

The global specialty yeast market is projected to reach US$ 3,656.3 Mn by the end of 2029. The market was valued at US$ 2,039.8 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of 6% between 2019 and 2029. Specialty yeast use is rising due to the growing awareness of its nutritional benefits. Specialty yeasts, such as yeast extracts, have emerged as cost-effective products with applications across various segments. Owing to the rise in the demand for convenience food & beverage and emerging non-food applications, the specialty yeast market will witness impressive growth opportunities. The specialty yeast market in Asia Pacific market is driven by factors such as urbanisation, evolving lifestyle, increased demand for convenience foods and customer preference for natural food ingredients.

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Specialty Yeast Market- Key Research Findings

  • Increasing productivity of the food & beverages industry provides an array of opportunities to specialty yeast manufacturers.
  • Rapid expansion of food processing sector is favoring the growth of specialty yeast market.
  • In addition to contributing to taste, texture, freshness, and appearance of food, food additives such as specialty yeast contribute to product stability and shelf-life. This remains among the key growth drivers of specialty yeast market.
  • Saccharomyces cerevisiae will be the preferred specialty yeast species.
  • Beverages remain the key application area. Emergence of non-food applications will also fuel the demand for specialty yeast.
  • Asia Pacific, especially in China, India, and Japan, will develop a high-potential market for specialty yeast producers.
  • The growth of convenience food and beverage products sector is particularly pushing the consumption of specialty yeast on a global level.

Key Factors Shaping Specialty Yeast Market

Nutritional Benefits of Specialty Yeast

Specialty yeast enhances the immune system of consumers. It is an excellent source of vitamins, minerals, and high-quality protein. It contains vitamin B-3, potassium, calcium, and iron. The dairy free and gluten free nature of the product specialty yeast is an ideal alternative for consumers suffering from food allergies, and sensitivities. Increasing adoption of the health-conscious consumer lifestyle is fueling consumption of specialty yeast by several F&B sectors. Specialty yeast is low-fat, no-sugar, and no-soy product, which make it a preferred among health-conscious consumers.

Expansion of Health-conscious Consumer Population

Increase in the disposable income of consumers in developing countries such as India, China, and Brazil furthers the adoption of specialty yeast based products. Consumers are wary about the ingredients of their food products and prefer natural ingredients. Since specialty yeast is sourced from naturally occurring parent yeast, the demand for this product will continue to increase during the forecast period. Prevalence of similar health conscious lifestyles in developed countries such as the US also contributes to the growth of the market. Awareness of the health benefits of specialty yeast and its non-dairy and gluten free nature are a few factors that drive consumer adoption.

COVID-19 Pandemic Causes a Fall in Revenue Flow in 2020

Due to the global COVID-19 pandemic, the market is witnessing a steep downfall. Retail stores remain shuttered leading to zero footfalls, lockdowns continue to prevail, and supply chains continue to experience multiple interruptions induced by travel restriction on non-essentials. COVID-19 pandemic is largely hampering the revenue flow of specialty yeast market.

Specialty Yeast Market Structure Analysis

  • Some of the major players of the global specialty yeast market are Chr. Hansen Holding A/S, Archer Daniels Midland, Lallemand, Koninklijke DSM N.V., Kerry Group, Lesaffre, Angel Yeast, AB Mauri, Synergy Flavors, Levex and others.
  • Specialty yeast widely used in different food applications due to its unique taste, natural flavoring and other functional properties and demand for specialty yeast products will increase, that provides the better opportunity to the manufacturers to gain the potential growth in specialty yeast market.
  • In addition, increasing bakery and alcohol consumption in the South Asia region is further providing the potential growth to the market participants of specialty yeast.

Report Scope

Report Metric

Details

Base year considered

2020

Actual estimates/Historical data

2015 - 2019

Forecast period

2020 - 2030

Forecast units

Value (USD) Mn

Segments covered

Product Type, Application, Species and Region

Regions covered

North America, Europe, Asia Pacific, Middle East and Africa and Latin America

Key Players

Angel Yeast, Lallemand, Associated British Foods, Lesaffre, and Chr. Hansen. Koninklijke DSM N.V, Angel Yeast, Synergy Flavors, Biorigin, Archer Daniels Midland, Kemin Industries, Leiber, Nutreco N.V., and Levex.

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

COVID-19 Impact Analysis on Market

Due to the spread of coronavirus the market may be experiencing resistance to growth in certain areas. The US is one of the worst affected countries in the world, struggling to control coronavirus spread in a wartime setting. Various regulatory measures placed to curb mobility to avoid the spread of COVID-19 are hampering supply chain functions. This could have negative effect on the market. During this time, when consumers want to minimise their time in the store and may wish to stock up on food, packaged foods containing food additives are an excellent option. In addition to contributing to taste, texture, freshness, and appearance of food, food additives contribute to product stability and shelf life. Because of the restrictions on movement, customers are no longer going to the markets and that decreases the demand.

Increasing Consumer Demand for Processed Food Products Drives Growth

The demand for processed food products is driven by factors such as rising urbanization, diverse lifestyle shifts, increasing number of nuclear families, increasing number of women in the workforce and the availability of lesser time for food preparation. Improvements in eating patterns including preference for ready-to-eat, ready-to-cook items often contribute to increased market demand for processed foods. Specialty yeast replaces the yeast in processed foods as it provides food product with nutritious, functional properties and also serves as a flavour enhancer. Many packaged goods were launched in 2018, including 28% snacks, 10% soups, and 16% sauces and seasonings using yeast extract as the main ingredient. Hence the growing demand for processed food is, in effect, driving the growth of the market for specialty yeast.

* This data is only a representation. Actual data may vary and will be available in report.

Increasing Consumer Demand for Processed Food Products Drives Growth
Increasing Consumer Demand for Processed Food Products Drives Growth
Increasing Consumer Demand for Processed Food Products Drives Growth
Increasing Consumer Demand for Processed Food Products Drives Growth
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

Increasing Consumption of Bakery Products and Alcoholic Beverages Aiding the Growth

Demand for bakery products such as bread, pasta, and sandwiches is rising at a considerable pace, especially in Asia Pacific. This is one of the key factors driving the market. Besides this, specialty yeasts are increasingly used in various alcoholic beverages, which have positive impact on the overall growth of the market. As consumers get drawn towards natural flavours, the use of specialty leave will further increase in food products. This will drive the market in the coming years.

However, specialty yeast has high sodium content, which can have harmful effect on human health. Knowledge regarding this can drive consumers away. 

Yeast extract held the leading market share

Yeast autolysates segment forecast to higher rate of growth

Saccharomyces cerevisiae segment held lion’s share in the market

Pichia Pastoris segment to remain the second-lead

Food segment holds dominance

Beverages segment to rise at a higher CAGR

How Growth will Unfold

Large-scale application of specialty yeast in sauces, snacks, bakery products, functional diets and ready-to-eat meat will boost the market as a result of growing awareness of its nutritional benefits. Owing to the cost-effective culinary and functional properties, specialty yeasts such as yeast extracts are becoming more common in use. In addition, the immense use of the commodity in the food & beverage convenience field, as well as its use in emerging non-food sectors, would impel the size of the market.

In addition to this, rapidly evolving lifestyles, urbanization, and growing demand for convenience food items are likely to boost the growth rate of the specialty industry. In addition, huge consumer preference for natural or organic products is expected to fuel demand on the market over the coming years. As a result of its large consumption in both developing and developed countries, rising demand for beer and wine will not only result in significant product penetration in the alcoholic beverage industry, but will also raise consumer earnings.

Specialty Yeast Market: by Application

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Specialty Yeast Market: Global Industry Analysis 2015-2019& Opportunity Assessment 2020-2030

A recent market study published by Future Market Insights on the Specialty Yeast Market offers global industry analysis for 2015-2019& opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Specialty Yeast Market, the growth prospects of the market are obtained with maximum precision.

Specialty Yeast Market Taxonomy

The global Specialty Yeast Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Type

  • Yeast Extract
  • Yeast Autolysate
  • Yeast Beta-Glucan
  • Yeast Derivatives
  • Others

Species

  • Saccharomyces Cerevisiae
  • Kluyveromyces
  • Saccharomyces Boulardii
  • Others

Application

  • Bakery
  • Functional Food
  • Savory
  • Beverages
  • Feed
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

What's Included

The executive summary of the Specialty Yeast Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Specialty Yeast Market.

Readers can find the detailed segmentation and definition of the Specialty Yeast Market in this chapter, which will help them understand basic information about the Specialty Yeast Market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Specialty Yeast Market report.

The associated industry assessment of the Specialty Yeast Market is carried out in this section. The macroeconomic factors affecting growth of the Specialty Yeast Market are provided in this section and the impact of these macroeconomic indicators on the Specialty Yeast Market is analyzed. The processing overview and technological advancements in the Specialty Yeast Market is also provided.

Profit margins at each level of the Specialty Yeast Market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Specialty Yeast Market.

The drivers and restraints impacting the growth of the Specialty Yeast Market are explained in this chapter. Opportunities and ongoing trends in the Specialty Yeast Market are also comprehensively discussed.

This chapter includes detailed analysis of the historical Specialty Yeast Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).

Based on Type, the Specialty Yeast Market is segmented into Yeast Extract, Yeast Autolysate, Yeast Beta-Glucan, Yeast Derivatives, and Others. In this chapter, readers can find information about key trends and developments in the Specialty Yeast Market and market attractiveness analysis based on raw material.

Based on Species, the Specialty Yeast Market is classified into Saccharomyces Cerevisiae, Kluyveromyces, Saccharomyces Boulardii, and Others. This part also offers market attractiveness analysis based on Species.

Based on Application, the Specialty Yeast Market is classified into Bakery, Functional Food, Savory, Beverages, Feed, and Others. This part also offers market attractiveness analysis based on Application.

This chapter explains how the Specialty Yeast Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

This chapter includes a detailed analysis of the growth of the Specialty Yeast Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Specialty Yeast Market in Latin America. This chapter also includes growth prospects of the Specialty Yeast Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the Specialty Yeast Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.

In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Specialty Yeast Market.

This chapter includes a detailed analysis of the growth of the Specialty Yeast Market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.

This chapter offers insights into how the Specialty Yeast Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.

This chapter contains information about the market growth of Specialty Yeastin Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.

In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Specialty Yeast Market along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of leading manufacturers in the Specialty Yeast Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Associated British Foods Plc., Lallemand Inc, Lesaffre, Archer Daniels Midland Company, Koninklijke DSM N.V., Angelyeast Co., Ltd, Chr. Hansen Holding A/S, Kerry Inc., Biorigin, Kemin Industries, Leiber GmbH, Alltech Inc., Nutreco N.V, Levex and Others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Specialty Yeast report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Specialty Yeast Market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity Of Assumptions

Secondary Research

  • Industry Publications
    • Industrial Week
    • Industrial Product Review
    • Industrial Magazine
  • Industry Associations
    • Dieticians Association
    • Food and Agriculture Organization
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits specialty yeast market designation

Primary Interview Splits specialty yeast market stakeholder

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