The global Specialty Yeast Market had a valuation of USD 1.92 Billion in 2022, and it is projected to reach USD 3.53 Billion by 2032, showing a compound annual growth rate (CAGR) of 7% over the forecast period. The primary driver behind the revenue growth of the Specialty Yeast Market is the food and beverage industry. The increasing awareness of consumer health and the trend towards clean-label products are leading to a higher demand for natural flavor enhancers.
Yeast extract plays a crucial role in various food applications, including soups, sauces, snacks, and meat products, where it is utilized as a natural flavor enhancer. Furthermore, yeast extract serves as a natural colorant in meat products and snacks. The surge in veganism is also contributing to the demand for yeast extract in the food industry because it is a natural, plant-based ingredient that can replace animal-derived products.
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Top Companies:
- AB Mauri
- Lesaffre Group
- Lallemand Inc.
- Kerry Group
- Angel Yeast Co. Ltd.
- Oriental Yeast Co. Ltd.
- Halcyon Proteins Pty Ltd.
- BioSpringer
- Biorigin
- Leiber GmbH
Restraints of Specialty Yeast Market
- Price Fluctuations: The price of yeast extract can be influenced by factors such as the availability of raw materials (yeast), production costs, and market demand. Fluctuations in these factors can affect the profitability of yeast extract manufacturers and may limit market growth.
- Allergen Concerns: Yeast extract can contain trace amounts of allergenic substances, such as gluten, which can be problematic for individuals with food allergies or sensitivities. This can restrict the use of yeast extract in certain food products and limit market expansion.
- Regulatory Constraints: Stringent regulations and labeling requirements in different countries and regions can create barriers for yeast extract manufacturers. Compliance with these regulations can be costly and time-consuming.
- Health Concerns: Some consumers may be concerned about the high salt content in yeast extract products, as excessive sodium intake can be detrimental to health. This can impact consumer preferences and limit the growth of certain yeast extract products.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
The global Specialty Yeast Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook:
- Autolyzed Yeast Extract
- Hydrolyzed Yeast Extract
- Yeast Cell Extract
- Others
Application Outlook:
- Food and Beverage
- Pharmaceuticals
- Animal Feed
- Others
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