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2024

Yeast Ingredients Market

Yeast Ingredients Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: Payal Suresh Ghurde | Surya Sanka
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Yeast Ingredients Market Research, 2032

The global yeast ingredients market was valued at $2.9 billion in 2022, and is projected to reach $6.6 billion by 2032, growing at a CAGR of 8.8% from 2023 to 2032. Yeast is a single-celled fungus used primarily in baking and brewing due to its ability to ferment sugars, producing carbon dioxide gas and alcohol. This gas causes dough to rise, creating a light, fluffy texture in baked goods. The primary ingredient in yeast-based products is Saccharomyces cerevisiae, a species of yeast. Other common ingredients include water, flour, sugar, and salt. Yeast requires a warm, moist environment to thrive and undergo fermentation. Its role in baking is crucial, as it contributes to the leavening process, resulting in the characteristic texture and flavor of bread, cakes, and other baked goods.

Yeast Ingredients Market

The global yeast ingredients industry is being driven by the rising demand for processed foods and beverages, particularly in developing countries where the influence of fast-paced lifestyles is on the rise. These ingredients, known for their flavorful precises, have gained considerable popularity in fermentation processes, resulting in them becoming increasingly prevalent in the upcoming years. The rise in the consumption of processed and fast foods, particularly bakery items, is projected to be a major factor driving the market revenue growth. In the industrial value chain, comprising distribution channels, raw material suppliers, manufacturers, and end applications, yeast ingredients are frequently used in various sectors, including food and feed industries. Particularly, in the pet food segment, these ingredients serve to augment aromas, flavors, and savory profiles, enhancing palatability. Moreover, in emerging economies, the yeast ingredients market is evolving in response to the increasing demand for livestock products. Many food manufacturers are innovating products without artificial additives like MSG (monosodium glutamate), favoring natural extracts instead. This trend is expected to boost market growth in the upcoming years, owing to the widespread acceptance of natural ingredients across the food industry. In addition, due to the rising demand for nutrient-rich foods, yeast ingredients are anticipated to witness increased usage in various segments of the food and beverage industry. As consumers in key markets such as India, the U.S., and China increasingly prioritize healthy eating and calorie-conscious diets, the market is anticipated to witness significant growth.

The global yeast ingredients market faces significant growth constraints due to the scarcity of raw materials, posing a considerable challenge to its expansion. Furthermore, intense competition among market participants further hinders growth prospects during the forecast period. These factors collectively hinder the market's ability to flourish, as limited access to essential resources and aggressive competition create barriers to entry and restrict the market growth potential. Addressing these challenges will be imperative for industry stakeholders to navigate effectively and sustainably propel the global yeast ingredients market forecast in the upcoming years.

The yeast ingredient market is expected to witness for significant expansion, driven by a key opportunity emerging from consumer preferences for yeast derivatives. Compared to other yeast alternatives, yeast derivatives offer a distinct advantage in terms of high protein intake, making them increasingly sought after among health-conscious consumers. This preference stems from the growing awareness regarding the nutritional benefits associated with yeast derivatives, positioning them as a preferred choice in various food and beverage products. As consumers prioritize protein-rich diets to support their overall health and wellness goals, the demand for yeast derivatives is expected to increase, driving the global yeast ingredients market growth expansion during the forecast period. Furthermore, the versatility of yeast derivatives makes them highly attractive for incorporation into a wide range of products, including bakery items, nutritional supplements, and salty snacks. This adaptability not only enhances the market's appeal but also opens up avenues for innovation and product development. Manufacturers are leveraging this opportunity to introduce novel yeast-derived ingredients that cater to evolving consumer preferences for healthier and more nutritious food options. By capitalizing on the rising demand for protein-rich ingredients, industry players can utilize this key opportunity to drive growth and gain a competitive edge in the global yeast ingredients market.

The key players profiled in this report include AngelYeast Co., Ltd., ABF Ingredients, AB Vista, Lallemand Inc., Alltech, ECPlaza Network Inc., Lallemand, Inc., Cangzhou YaTai Commercial & Trade Co., Ltd, Foodchem International Corporation, and Kerry Group plc. Investment and agreement are common strategies followed by major market players. For instance, in August 2021, Angel Yeast Co. Ltd. initiated a joint venture, investing $15.4 million to procure Shandong Bio Sunkeen Co., Ltd. This strategic acquisition is geared towards bolstering expertise in yeast biotechnology, nutrition, health products, and food ingredients. By integrating Shandong Bio Sunkeen, Angel Yeast aims to augment its production capacity by an additional 15,000 tons for yeast and yeast extracts. This moves highlights Angel Yeast's commitment toward expanding its capabilities and offerings in key sectors, positioning the company for sustained growth and innovation in the yeast ingredients market.

The yeast ingredients market is segmented on the basis of product, application, and region. By product, the market is divided into yeast extracts, autolysates yeast, yeast beta-glucan, yeast derivatives, and others. By application, the market is classified into food and beverages, animal feed, pharmaceutical, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segment Overview

The yeast ingredients market is segmented into Product and Application.

Yeast Ingredients Market by Product

By Product

By product, the yeast extracts sub-segment dominated the market in 2022. Yeast extract serves as a prominent natural food flavoring agent utilized across a wide spectrum of animal and human nutritional applications. These encompass diverse sectors such as bakery and alcohol production, animal feed, pharmaceuticals, supplements, functional foods, and pet feed. Notably, yeast extract plays a pivotal role as a primary ingredient in the bakery and brewing industries. In addition, its increased utilization in probiotics and biofuel manufacturing has contributed significantly to the expansion of the yeast extracts market. The increasing preference for nutritional foods in both developing and developed regions worldwide is anticipated to further drive the growth trajectory of the industry. These are predicted to be the major factors affecting the yeast ingredients market size during the forecast period.

Yeast Ingredients Market by Application

By Application

By application, the food and beverages sub-segment dominated the global yeast ingredients market share in 2022. Yeast ingredients play an essential role in both breadmaking and brewing within the food and beverage industry. In bakeries, they are integrated into products not only to enrich flavor but also to boost their nutritional value, aligning with the growing consumer preference for lighter and healthier food options. This shift towards natural ingredients has led to an increase in demand for yeast ingredients as manufacturers adapt their processes to meet consumer demands. In brewery production, yeast ingredients are indispensable for the fermentation process essential in beer-making. In addition, yeast extracts serve as valuable nutritional supplements, providing vital nutrients such as vitamins, minerals like magnesium, chromium, zinc, selenium, iron, and essential proteins. This dual functionality highlights the significance of yeast ingredients flavor enhancer across various food and beverage applications.

Yeast Ingredients Market by Region

By Region

By region, Europe dominated the global yeast ingredients market in 2022. One of the major factors driving the European yeast ingredient market growth is the rising demand for healthier and natural food options. Consumers are increasingly seeking products with natural origins, prompting food producers to incorporate yeast ingredients for flavor enhancement and nutritional enrichment. In addition, the trend towards lighter and healthier food choices is compelling manufacturers to modify their processes, further boosting the need for yeast ingredients. This shift in consumer preferences towards natural ingredients is a significant driver shaping the growth of the yeast ingredients market in the Europe.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the yeast ingredients market analysis from 2022 to 2032 to identify the prevailing yeast ingredients market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the yeast ingredients market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global yeast ingredients market trends, key players, market segments, application areas, and market growth strategies.

Yeast Ingredients Market Report Highlights

Aspects Details
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Market Size By 2032

USD 6.6 billion

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Growth Rate

CAGR of 8.8%

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Forecast period

2022 - 2032

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Report Pages

290

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By Product
  • Yeast Extracts
  • Autolysates Yeast
  • Yeast Beta-Glucan
  • Yeast Derivatives
  • Others
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By Application
  • Food and Beverages
  • Animal Feed
  • Pharmaceutical
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, United Arab Emirates, South Africa, Rest of LAMEA)
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Key Market Players

Lallemand, Inc., ABF Ingredients, Angelyeast Co., Ltd., AB Vista, Alltech, Cangzhou YaTai Commercial & Trade Co., Ltd, Foodchem International Corporation, Kerry Group plc., Lallemand Inc., ecplaza network inc.

Author Name(s) : Payal Suresh Ghurde | Surya Sanka
Frequently Asked Questions?

Driving factors in the global yeast ingredients market include increasing consumer demand for natural additives, growth in the food and beverage industry, and rising awareness regarding its health benefits. Opportunities lie in product innovation, expansion into emerging markets, and diversification of applications in pharmaceuticals and animal feed.

The major growth strategies adopted by yeast ingredients market players are investment and agreement.

Asia-Pacific is projected to provide more business opportunities for the global yeast ingredients market in the future.

AngelYeast Co., Ltd., ABF Ingredients, AB Vista, Lallemand Inc., Alltech, ECPlaza Network Inc., Lallemand, Inc., Cangzhou YaTai Commercial & Trade Co., Ltd, Foodchem International Corporation, and Kerry Group plc. are the major players in the yeast ingredients market.

The yeast extracts sub-segment of the product segment acquired the maximum share of the global yeast ingredients market in 2022.

The food & beverages industry is one of the major customers in the global yeast ingredients market.

The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global yeast ingredients market from 2022 to 2032 to determine the prevailing opportunities.

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Yeast Ingredients Market

Global Opportunity Analysis and Industry Forecast, 2023-2032