Yeast Extract Market to Reach US$ 2 Bn by 2029
In line with rising inclination towards healthier consumables, consumers now prefer products that are clean-label and naturally sourced. Moreover, the demand for yeast products has been on an upward trajectory, as they can maintain their pristineness even in extreme processing conditions. These major trends are boding well for the worldwide adoption of yeast extract, and the market is likely to grow at a healthy pace. Currently representing a billion-dollar market, the global yeast extract market will reach a valuation of US$ 2 Bn by 2029.
Frequently Asked Questions about Global Yeast Extract Market
Which end-use segment offers most lucrative growth opportunities for market players?
The food and beverage industry is showing lucrative growth in the yeast extract market, as compared to other end use industries in the ongoing period. This is because of increasing use of yeast in diverse food products. For instance, it is highly used in sauces and savory flavors. Meanwhile, the cosmetic and personal care industry is showing high pace growth over the other industry.
What is the degree of competition in the yeast extract market?
The global yeast extract market is fragmented due to the presence of many small scale players. The key players operating in the global yeast extract market are focusing on product launches and increasing application of yeast extract. Manufacturers are investing in joint venture, merger and acquisitions, and partnership strategies to expand their global footprint.
Which region will lead the global sales of yeast extract?
Asia Pacific holds the largest share in the yeast extract market. Also, it is expected to show higher growth compared to the other regions. Manufacturers are focusing on expanding their product portfolio and investing in research and development to utilize yeast extract in new application. North America and Europe hold around 50% share in the global yeast extract market.
Which grade of yeast extracts will record the highest sales in the next ten years?
While food grade yeast extract continues to witness growth with the leading market share. The rising demand for unique flavored food and beverage from manufacturers in the food and beverage industry result increase its market share. Meanwhile, feed grade yeast extract is showing more attractive growth opportunity compare to food grade.
Which trend will drive the yeast extract market in the coming years?
Manufacturers are introducing various products with yeast extract as additives in different industries. Economic pricing of yeast extracts makes them more appealing to manufacturers. Yeast products are easy to process and they are easily available in the market. Hence, this factor helps yeast extract to gain traction from end use industries.
Food Grade Demand High in Yeast Extract Market
Food grade yeast extract is witnessing high demand as compared to its feed grade counterpart, and will continue to account for nearly 70% share of total consumption. By 2024, sales of food grade yeast extract is likely to enter the billion-dollar club; thus, market players are expected to remain engaged with this product category throughout the projection period. However, the dexterous growth of the global feed industry is fostering the sales of feed grade yeast extract, which will exhibit a higher yearly growth rate from 2020 onwards.
APAC Market Emerges as Most Lucrative Yeast Extract Market
In the current scenario, North America is the epicenter of the growth of the global yeast extract market, with the U.S. accounting for a significant contribution to the region’s market revenue. However, the yeast extract market value of Asia Pacific (APAC) will surpass that of North America by 2020, owing to the growing popularity of premium food products in tandem with expanding patient pool for lifestyle disorders. While this regional market will continue to lead the pack, growth avenues have also been observed in Latin America, which is further compelling market players to realign their strategies accordingly.
Focusing on Pharmaceutical and Animal Feed Sectors for Higher Returns
Beta glucan is beneficial in reversing LDL levels (bad cholesterol) as well as boosting HDL (good cholesterol) production. Beta glucan derived from yeast is becoming commonplace, owing to cost-efficient production techniques and consistent R&D activities performed on yeast. When mixed with other ingredients, yeast beta glucans are considered advantageous in treating various lifestyle diseases.
In addition, yeast mannan oligosaccharides (MOS) are finding immense utilization in the animal feed industry in order to improve the efficiency of the livestock. Given these umpteen benefits, manufacturers are expanding their product portfolios related to the pharmaceutical and animal feed sectors.
Food grade accounts for highest share
Demand for feed grade on rise
Food & beverage remains top consumer
Application in microbial nutrients to surge
How Growth will Unfold
The food & beverage industry is increasingly including yeast extract in its offerings as a food additive, and will continue to capture significant investments. Within the end-use category, the adoption of yeast extract remains prominent in saucy & savory flavors, followed by processed food, while the same in dairy products will rise rapidly. Further, manufacturers are also viewing animal feed and microbial nutrients as target application areas, where the consumption of yeast extract is expected to account for a collective share of 45%.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Yeast Extract Market Analysis 2019-2029
A recent market study published by Future Market Insights on the yeast extract market offers global industry analysis for 2014-2018 and opportunity assessment for 2019-2029. The study offers comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Yeast Extract Market Taxonomy
The global yeast extract market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Food Grade
- Feed Grade
- Food and Beverages
- Processed Food
- Dairy Products
- Sauces & Savory Flavors
- Non-alcoholic Beverages
- Alcoholic Beverages
- Animal Feed
- Microbial Nutrients
- Cosmetics & Personal Care
- Others (Biofuel & Biomass Production)
- North America
- Latin America
- Middle East and Africa
- Asia Pacific
The executive summary of the yeast extract market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global yeast extract market.
Readers can find the detailed segmentation and definition of the yeast extract market in this chapter, which will help them understand basic information about the yeast extract market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the yeast extract market report.
The associated industry assessment of the yeast extract market is carried out in this section. The macroeconomic factors affecting growth of the yeast extract market are provided in this section and the impact of these macroeconomic indicators on the yeast extract market is analyzed. The processing overview and technological advancements in the yeast extract market is also provided.
Profit margins at each level of the yeast extract market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
The drivers and restraints impacting the growth of the yeast extract market are explained in this chapter. Opportunities and ongoing trends in the yeast extract market are also comprehensively discussed.
This chapter includes detailed analysis of the historical yeast extract market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 – 2020) and incremental opportunity for the forecast period (2019–2029).
Based on Grade, the yeast extract market is segmented into food grade and feed grade. This section also offers market attractiveness analysis based on grade.
This chapter provides details about the yeast extract market on the basis of end-use, and has been classified into food and beverages, animal feed, pharmaceuticals, microbial nutrients, cosmetic and personal care, and other industries. In this chapter, readers can understand market attractive analysis based on end use.
This chapter explains how the Yeast extract market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, Middle East and Africa and, Asia Pacific.
This chapter includes a detailed analysis of the growth of the yeast extract market in the North America region, 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 yeast extract market in the Latin America region. This chapter also includes growth prospects of the Yeast extract market in leading LATAM countries such as Brazil, Mexico, Argentina, Chile, Peru and the Rest of Latin America.
Important growth prospects of the yeast extract market based on its end users in several countries such as EU-4, U.K, BENELUX, NORDIC, Russia, Poland, and Rest of Europe are included in this chapter.
This chapter offers insights into how the yeast extract market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, South Africa, Iran, Israel, and the Rest of MEA, during the forecast period 2019-2029.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the yeast extract market in the Asia Pacific region. This chapter also includes growth prospects of the Yeast extract market in leading LATAM countries such as China, India, Australia, Japan, South Korea, Indonesia, Thailand, Philippines, Vietnam, Malaysia, and Taiwan.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Yeast extract 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 Yeast extract 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 Lallemand, Inc, Leiber GmBH, Biospringer, Angel Yeast Co., Ltd, Biospectrum, Kerry Group, Kerry Group, ABF Group (ABF Ingredients and AB Mauri), A. Costantino & C. spa, HiMedia Laboratories, KOHJIN Life Sciences Co, Ltd., Titan Biotech Ltd., Sensient Co., Ltd, Becton, Dickinson and Company, Archer Daniels Midland Company, Synergy Flavors, Foodchem International Corporation, Suboneyo Chemicals Pharmaceuticals Pvt. Ltd., Tangshan Top Bio-Technology Co., Ltd., and many others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the yeast extract report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the yeast extract market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- 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
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- American Dairy Association
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websitess
Primary Interview Splits