Specialty Yeast Market

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.

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. 

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.

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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