Yeast Ingredients Market: Global Industry Analysis and Forecast (2023-2029)

Yeast Ingredients Market size was valued at US$ 3.21 Billion in 2022 and the total Yeast Ingredients revenue is expected to grow at 7.5% through 2023 to 2029, reaching nearly US$ 5.33 Billion.
Yeast Ingredients Market Overview:
The nutritional or edible yeast otherwise known as Saccharomyces cerevisiae is used to make bakery and brewery products globally. Nutritional yeast is grown particularly to be used as a food product. The yeast cells are killed in the process and their residues are present in the final product which act as flavor in bread or alcohol. Sometimes they act as a preservative as well. Fortified nutritional yeast (with added synthetic vitamins and minerals) is the most common type of yeast that is available in the global  market.

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The exact nutritional value of any yeast-based product changes with each company, so consumers prefer to find a particular product that meets their nutritional criteria. The forever importance of yeast ingredients as flavor and fermentation is the key that helped the global market growth.

The global market report provides extensive dynamics and analysis. The market report presents an analytical picture of the global  market by type, product, applications, major players, and key regions and countries, market share, and growth opportunities. The report also has a comprehensive analysis of the competitive landscape of the global market.
Yeast Ingredients Market Dynamics:
A major driver of the global  market is that the food &beverages companies launching products that contain yeast extracts rather than artificial flavors. Artificial flavors directly impact the health of the consumers which repels the health-conscious consumers away from the market.

A major restraint in the global yeast ingredient market is the lack of availability of raw materials. Extreme business competition among key players is also projected to affect the market growth in the forecast period (2023-2029). The baker’s yeast product depends on molasses which is a sugar byproduct therefore sugarcane and beet yields in the aforementioned forecast period are also projected to affect the global yeast ingredient market growth.

A key opportunity in the global market is the consumer preference for yeast derivatives because of their high protein intake as compared to other yeast alternatives. This is expected to drive the global market growth in the forecast period.
Yeast Ingredients Market Segment Analysis:
By Type, The yeast extract segment dominated the global yeast ingredient market in the year 2022 in terms of share. This segment is projected to witness a CAGR of 3.2% in the forecast period (2023-2029). The beta-glucan yeast segment is expected to be the key segment of the global  market growth in the same forecast period. According to a study, published by the United States National Library of Medicines, the yeast type Beta-1,3/1,6-Glucan has immune-modulatory effects on the consumers’ health. These immune. This study confirmed that the oral intake of the yeast extract is safe and has immune-strengthening properties. These findings are correlated to future consumers preferring yeast extracts to artificial flavors. There are more than 6000 investigations by well-known publications confirming beta-glucan anti-inflammatory and antimicrobial properties.

By Product, The baker’s yeast segment held the highest share in the global  market in the year 2022. This segment is also projected to witness a CAGR of 4.2% in the forecast period (2023-2029). The growth in the baker’s yeast segment is projected due to it being the daily part of human nutrition. With world hunger affecting over 700 million people in the world in the year 2022 alone (The United Nations data); the nutritional requirements of the human race are higher than ever. This sinister truth is projected to drive the baker’s yeast segment in the global yeast ingredient market growth in the forecast period (2023-2029).

By Application, The food and beverages segment held the highest share in the global  market in the year 2022. This segment is projected to witness the highest CAGR of 6.3% in the forecast period (2023-2029). The key part that drives the growth of the food and beverages segment is yeast-autolysates. These are used as color and flavors in various beverages and other food products. The immune-strengthening beta-glucan yeast is used in experimental medicines in the pharmaceutical sector. This is expected to drive the growth of the pharmaceutical segment of the global yeast ingredient market in the forecast period (2023-2029).
Yeast Ingredients Market Regional Insights:
The North American region dominated the global  market in the year 2022. The United States was responsible for the highest yeast ingredient import in the year with US$ 330 million. This can be attributed to the American daily intake of sandwiches, burgers, etc. Countries like the US and Canada are also the ones investing in immune system health benefits research of yeast extracts and beta-glucan yeast.

The European region held the second-highest share in the global yeast ingredient market in the year 2022. The European country France was alone responsible for the highest European imports worth US$136 million in the year 2022. Germany imported US$120 million worth of yeast ingredients in the year 2022. These high import rates show the potential for the yeast ingredient market in the forecast period (2023-2029) in this region. The United Kingdom stood at US$110 worth of yeast imports and followed by Belgium at US$ 79 million.

The Asia-Pacific country China was responsible for US$340 million worth of yeast exports in the year 2022. However, Rice being the primary diet ingredient in the South Asian countries; the yeast ingredient market growth rate (especially in the food & beverages segment) is projected to be low to moderate in this region. Still, the Asia-Pacific region indirectly impacts the global yeast ingredient market because of its high yeast export rates

The objective of the report is to present a comprehensive analysis of the global  market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global  market dynamics, structure by analyzing the market segments and projecting the global  market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
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Global Yeast Ingredients Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.21 Billion.


Forecast Period 2023 to 2029 CAGR:
7.5 %
Market Size in 2029:
US $ 5.33 Billion.


 Segments Covered:
by Product
Yeast Extracts
Autolysates
Beta-Glucan
Derivatives


by Application
Bakers’ Yeast
Brewers’ Yeast


by Technology
Food & Beverages
Feed & Pet Food
Pharmaceuticals
Others



Yeast Ingredients Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Yeast Ingredients Market Key Players
1 Koninklijke DSM N.V.
2 Bio Springer S.A.
3 Cargill Incorporated
4 Kerry Inc.
5 Archer Daniels Midland Company
6 DSM
7 AngelYeast Co., Ltd
8 Biorigin
9 Ab Vista
10 Anchor Yeast
11 Associated British Foods plc
12 Sensient Colors LLC
13 Angel Yeast Co., Ltd.
14 Lesaffre et Compagnie, SA
15 Leiber GmbH
16 LALLEMAND Inc.
17 ABF Ingredients

FAQs:

1. Which is the potential market for Yeast Ingredients in terms of the region?
Ans. The North American region dominated the global market in the year 2022.

2. What are the opportunities for new market entrants?
Ans. A key opportunity in the global market is the consumer preference for yeast derivatives because of their high protein intake as compared to other yeast alternatives.

3. What is expected to drive the growth of the market in the forecast period (2023-2029)?
Ans. A major driver of the global  market is that the food &beverages companies launching products that contain yeast extracts rather than artificial flavors.

4. What is the projected market size & growth rate of the Yeast Ingredients Market?
Ans. Yeast Ingredients Market size was valued at US$ 3.21 Billion in 2022 and the total Yeast Ingredients revenue is expected to grow at 7.5% through 2023 to 2029, reaching nearly US$ 5.33 Billion.

5. What segments are covered in the  Market report?
Ans. The segments covered in the report are Type, Product, Application and, Region.