Global Yeast Extract Market By Overview
Yeast Extract Market was valued at US$ 5.4 Billion in 2024 and is projected to grow at a CAGR of 7.00% to reach US$ 10.1 Billion by 2034.
Yeast Extract is a clean-label ingredient used in food and beverage products such as sauces, soups, ready meals, and savory snacks. Yeast extract is made from fresh yeast used in bread, beer, and wine production. Furthermore, producers see animal feed and microbial vitamins as target application regions, with yeast extract use anticipated to account for 45% of overall intake.
Global Yeast Extract Market By Dynamics
This market is expected to witness significant growth during the forecast period on account of rising awareness about yeast extract nutritive value and benefits in animal nutrition among farmers and animal feed manufacturers. In addition, adoption of healthy eating habits in consumers because of prevailing diseases such as hypertension and diabetes has led to reduction in salt intake in normal diets which in turn fuels global market.
Europe to grow at the highest CAGR during the forecast period
Europe held highest revenue in terms of global market in 2017. It is expected to show significant growth owing to expansion of business in target markets including Germany, U.K., Italy, and France along with developments in the bakery industry over the forecast period. In European countries surging demand for bakery food products is boosting the demand for global market in the region over the forecast period.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2023 is considered as base year and 2024 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2024 to 2034. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
Global Yeast Extract Market By Segmentation
The yeast extract market report segments the market on the basis of product type, form, application, distribution channel, and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the global yeast extract market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economic factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Market Segmentation |
By Product Type – Autolyzed Yeast Extract and Hydrolyzed Yeast Extract By Form – Powder, Liquid, and Flakes By Application – Food (Savories and Snacks, Soups and Sauces, Dairy Products, Bakeries and Confectioneries, Meat and Poultry Products, and Others), Beverages (Alcoholic Beverages and Non-Alcoholic Beverages), Dietary supplements, Cosmetics and Personal Care, Pharmaceuticals, Animal Feeds, and Others By Distribution Channel – Direct, Indirect, Hypermarkets/Supermarkets, Convenience Stores, Specialty Retail Stores, E-Commerce, and Other Retail Formats |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.
Global Yeast Extract Market By Key Players
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global yeast extract market. For instance, in June 2019, Associated British Foods plc and Yihai Kerry Arawana Holdings Co., Ltd, a subsidiary of Wilmar International Limited, has set an intention for the manufacture, sale and distribution of yeast and bakery ingredients to form a 50:50 joint venture in China.
- Inland Island Yeast Laboratories, Inc.
- Solgar, Inc.
- Associated British Foods plc
- Lallemand, Inc.
- Angel Yeast Co. Ltd.
- Laffort SA
- Alltech, Inc.
- Oriental Yeast Co. Ltd
- Omega Yeast Labs, Inc.
- Bragg Live Foods Products, Inc.
Prophecy Market Insights offers required customization on this report according to specific business requirements.
Recent Development:
The New Launched Product News,
- In April 2023, Biospringer revealed yeast extract solutions for seafood, meat and dairy analogues in Asia Pacific. Using clean label yeast extracts, they presented practical methods to address three issues that food manufacturers have when creating plant-based foods. It's true that this component with a clean label and natural origin produces tasty and nourishing plant-based substitutes.
- In April 2022, Kothari Fermentation & Biochem launched Yeast Extract Powder, Mono Oligo Saccharides. This product is mostly utilized in the pharmaceutical industry, but it can also be used in the food and beverage industry, as well as in dietary foods, soups, spices, low-calorie foods, nutritional fillers, microbial growth media, fermentation substrates, biotech research, and other applications. Kothari Fermentation & Biochem produces dry, inactive yeast for pharmaceuticals, probiotic feed supplements, and fresh yeast for food.
Global Yeast Extract Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- PORTER’s
- Investment Outlook
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Yeast Extract Strategies
- Key Questions this Study will Answer
-
- By Product Type (Autolyzed Yeast Extract and Hydrolyzed Yeast Extract),
- By Form (Powder, Liquid, and Flakes),
- By Application (Food (Savories and Snacks, Soups and Sauces, Dairy Products, Bakeries and Confectioneries, Meat and Poultry Products, and Others), Beverages (Alcoholic Beverages and Non-Alcoholic Beverages), Dietary supplements, Cosmetics and Personal Care, Pharmaceuticals, Animal Feeds, and Others),
- By Distribution Channel (Direct, Indirect, Hypermarkets/Supermarkets, Convenience Stores, Specialty Retail Stores, E-Commerce, and Other Retail Formats)
- By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regional Analysis
- Regional Revenue Analysis
- Regional By segment Analysis
- Reasons for regional growth
- Key Player of particular region
- Countries Include in the report:
- North America (U.S., Canada)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Competitive Overview
- Competitive Benchmarking
- Market Share Analysis
- Key Developments In The Global Yeast Extract Market
- Key Developments: Mergers & Acquisitions
- Key Developments: Collaboration
- Key Developments: Contracts & Agreements
- Key Developments: Expansion
- Key Developments: Product Developments
- Company Profiles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SWOT Analysis
-
- Inland Island Yeast Laboratories, Inc.
- Solgar, Inc.
- Associated British Foods plc
- Lallemand, Inc.
- Angel Yeast Co. Ltd.
- Laffort SA
- Alltech, Inc.
- Oriental Yeast Co. Ltd
- Omega Yeast Labs, Inc.
- Bragg Live Foods Products, Inc.
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Yeast Extract Market is segmented into basis of product type, form, application, distribution channel, and region.
This market is expected to witness significant growth during the forecast period on account of rising awareness about yeast extract nutritive value and benefits in animal nutrition among farmers and animal feed manufacturers.
Europe held highest revenue in terms of global market in 2017. It is expected to show significant growth owing to expansion of business in target markets including Germany, U.K., Italy, and France along with developments in the bakery industry over the forecast period.
The Key players operating in the Yeast Extract Market include Inland Island Yeast Laboratories, Inc., Solgar, Inc., Associated British Foods plc, Lallemand, Inc., Angel Yeast Co. Ltd., Laffort SA, Alltech, Inc., Oriental Yeast Co. Ltd, Omega Yeast Labs, Inc. and Bragg Live Foods Products, Inc.