Speciality Yeast Market:
Growth opportunities in the speciality yeast market look promising over the next six years. This is mainly due to the growing availability of yeast extracts, increasing urbanization, varying lifestyles of consumers, and expanding application of yeasts in the food and beverage industry. The use of specialty yeast in several food and beverage application is also boosting the growth of market.
Speciality Yeast Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The key factor that aids to the growth of market is increasing demand for yeast ingredients in numerous food and beverage applications. The growing per capita income, a surge in the consumption of functional foods and beverages, and the increasing consciousness regarding the nutritional benefits among consumers further support the growth of the market. Moreover, the augmenting demand for processed food products directed by expanding working population, rising urbanization, altering lifestyle of consumers, and surging demand for ready to eat products are expected to increase the specialty yeast market size. Additionally, the incline towards the spicy and smoky flavor used in different applications in the food processing industry is strengthening the growth of the global specialty yeast market.
Specialty yeast helps to improve the nutritional digestion of acidosis in ruminants and cattle because of several functional properties offered by them. However, rigorous food safety guidelines may hamper the specialty yeast market growth.
Application Segment Drivers
Based on application, the food segment is anticipated to expand at a faster CAGR over the forecast period because of increasing use of specialty yeast in different food applications like bakery products, snack seasonings, sauces, and ready to eat meat products. Furthermore, different types of specialty yeast which include yeast autolysates, dried yeast, and yeast extracts are used in several food products by the food processing industry because they are considered as a nutritive ingredient. This factor will propel the market growth of the food segment in the coming years.
Regional Drivers
On the basis of region, the Asia-Pacific region is expected to expand at a faster CAGR during the forecast period owing to the rising demand for fermented food and beverages such as miso, natto, kombucha, kimchi, probiotic yogurt, tempeh, sauerkraut, and kefir among consumers. In addition to this, increasing health concerns and rising acceptance of natural and organic-ingredient-based products will further boost growth in the Asia-Pacific region. Rapid urbanization and the high disposable income of the middle-class populations will further bolster the market growth.
Speciality Yeast Market’s leading Manufacturers:
- Kemin Industries
- Angel Yeast
- Kerry Group plc
- Lallemand Inc.
- British Foods
- Beldem S.A.
- Archer Daniels Midland
- Hansen
- Lesaffre
- Koninklijke DSM N.V
Speciality Yeast Market Segmentation:
Segmentation by Type:
- Yeast extracts
- Yeast autolysates
- Yeast beta-glucan
- Other yeast derivatives.
Segmentation by Species:
- Saccharomyces cerevisiae
- Pichia pastoris
- Kluyveromyces
- Others
Segmentation by Application:
- Food
- Bakery
- Functional foods
- Savory
- Beverages
- Feed
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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