PUBLISHER: Allied Market Research | PRODUCT CODE: 1641804
PUBLISHER: Allied Market Research | PRODUCT CODE: 1641804
Yeast Extract Market By Type (Yeastolate, Yeast Extracts, Active Dry Yeast), By Application (Pharmaceuticals, Biotechnology), By Form (Liquid, Dry): Global Opportunity Analysis and Industry Forecast, 2024-2035
Yeast Extract Market
The global yeast extract market was valued at $440.9 million in 2023 and is projected to reach $1,038.3 million by 2035, registering a CAGR of 7.5% from 2024 to 2035.
Yeast extract is a natural component derived from the cellular content of yeasts, generally Saccharomyces cerevisiae. The yeast cells are broken down through processes such as autolysis or enzymatic treatment and their soluble components are concentrated into a paste, powder, or liquid form. The extract exhibits a rich nutritional profile as it comprises vitamins, proteins, amino acids, beta-glucans, and nucleotides.
The rich nutritional profile of yeast extract has made it a critical ingredient in the biopharmaceutical sector for the production of different medications. Therefore, the expansion of the biopharmaceutical sector is a significant driver of the yeast extract market. In addition, the inclination of consumers toward clean-label products is augmenting the market growth as yeast extract serves as a natural flavor enhancer, thus limiting the addition of artificial flavors in food & beverages. Due to its remarkable nutritional value, the usage of yeast extract as a supplement in the feed of livestock, poultry, and aquatic organisms has become a prominent trend. The extract helps to improve the feed conversion ratios of animals and enhances their immunity.
However, large-scale production of yeast extract is an expensive process as it requires specialized equipment for fermentation processes and good quality raw materials. This limits the purchase of the extract in price-sensitive sectors, hence restraining the market development. On the contrary, rise in awareness regarding circular economy is projected to present lucrative opportunities for the market as the fermentation of yeast extract aligns with the waste reduction and sustainable development approaches. Yeast extract is easily attainable from the byproducts of the brewing or baking industry, hence promoting sustainability and reducing environmental impact. According to a report by the United Nations, the adoption of circular economy approach is anticipated to reduce the volume of municipal solid waste from more than 4.5 billion tons a year to less than 2 billion tons by 2050. Therefore, the production of yeast extract by industrial byproducts is projected to reduce its overall prices and open new avenues for the market.
Segment Review
The yeast extract market is segmented into type, application, form, and region. By type, the market is divided into yeastolate, yeast extracts, and active dry yeast. According to application, it is bifurcated into pharmaceuticals and biotechnology. Further, the pharmaceuticals segment is divided into vaccine production, probiotics, antibiotic production, and biopharmaceuticals. The biotechnology segment is segregated into cell culture media and enzyme production. As per form, the market is classified into liquid and dry. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, UK, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and rest of LAMEA).
Key Findings
By type, the active dry yeast segment dominated the market in 2023.
According to application, the pharmaceuticals segment acquired a notable stake in the market in 2023.
As per form, the dry segment was the highest shareholder in 2023.
Region wise, Europe was the highest revenue generator in 2023.
Competition Analysis
The major players in the yeast extract market include AngelYeast Co., Ltd., Associated British Foods PLC, CELLSECO LTD., FUJIFILM Irvine Scientific, Kerry Group, Lallemand Inc., LESAFFRE GROUP, Merck KGaA, Nu-Tek BioSciences, Thermo Fisher Scientific Inc., and VWR International, LLC. These major players have adopted various key development strategies such as acquisition, agreement, collaboration, joint venture, partnership, and product launch to strengthen their foothold in the competitive market.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the yeast extract market analysis from 2023 to 2035 to identify the prevailing yeast extract 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 extract 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 extract market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
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- Additional country or region analysis- market size and forecast
Key Market Segments
By Form
- Liquid
- Dry
By Type
- Yeastolate
- Yeast Extracts
- Active Dry Yeast
By Application
- Pharmaceuticals
- Sub-type
- Vaccine Production
- Probiotics
- Antibiotic Production
- Biopharmaceuticals
- Biotechnology
- Sub-type
- Cell Culture Media
- Enzyme Production
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players:
- LESAFFRE GROUP
- Lallemand Inc.
- Associated British Foods PLC
- CELLSECO LTD.
- Merck KGaA
- Thermo Fisher Scientific Inc.
- Nu-Tek BioSciences
- Kerry Group
- VWR International, LLC.
- FUJIFILM Irvine Scientific
- AngelYeast Co., Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growing Biopharmaceutical Industry
- 3.4.1.2. Advancements in Biotechnology
- 3.4.1.3. Improved Yield and Quality in Bioprocessing
- 3.4.2. Restraints
- 3.4.2.1. High Production Cost
- 3.4.2.2. Regulatory Hurdles
- 3.4.3. Opportunities
- 3.4.3.1. Expansion in Emerging Markets
- 3.4.3.2. Application in Personalized Medicine
- 3.4.1. Drivers
CHAPTER 4: YEAST EXTRACT MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Yeastolate
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Yeast Extracts
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Active Dry Yeast
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: YEAST EXTRACT MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Pharmaceuticals
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.2.4. Pharmaceuticals Yeast Extract Market by Sub-type
- 5.2.4.1. Vaccine Production Market size and forecast, by region
- 5.2.4.2. Vaccine Production Market size and forecast, by country
- 5.2.4.3. Probiotics Market size and forecast, by region
- 5.2.4.4. Probiotics Market size and forecast, by country
- 5.2.4.5. Antibiotic Production Market size and forecast, by region
- 5.2.4.6. Antibiotic Production Market size and forecast, by country
- 5.2.4.7. Biopharmaceuticals Market size and forecast, by region
- 5.2.4.8. Biopharmaceuticals Market size and forecast, by country
- 5.3. Biotechnology
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.3.4. Biotechnology Yeast Extract Market by Sub-type
- 5.3.4.1. Cell Culture Media Market size and forecast, by region
- 5.3.4.2. Cell Culture Media Market size and forecast, by country
- 5.3.4.3. Enzyme Production Market size and forecast, by region
- 5.3.4.4. Enzyme Production Market size and forecast, by country
CHAPTER 6: YEAST EXTRACT MARKET, BY FORM
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Liquid
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Dry
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: YEAST EXTRACT MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Application
- 7.2.3.1. North America Pharmaceuticals Yeast Extract Market by Sub-type
- 7.2.3.2. North America Biotechnology Yeast Extract Market by Sub-type
- 7.2.4. Market size and forecast, by Form
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Type
- 7.2.5.1.2. Market size and forecast, by Application
- 7.2.5.1.2.1. U.S. Pharmaceuticals Yeast Extract Market by Sub-type
- 7.2.5.1.2.2. U.S. Biotechnology Yeast Extract Market by Sub-type
- 7.2.5.1.3. Market size and forecast, by Form
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Type
- 7.2.5.2.2. Market size and forecast, by Application
- 7.2.5.2.2.1. Canada Pharmaceuticals Yeast Extract Market by Sub-type
- 7.2.5.2.2.2. Canada Biotechnology Yeast Extract Market by Sub-type
- 7.2.5.2.3. Market size and forecast, by Form
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Type
- 7.2.5.3.2. Market size and forecast, by Application
- 7.2.5.3.2.1. Mexico Pharmaceuticals Yeast Extract Market by Sub-type
- 7.2.5.3.2.2. Mexico Biotechnology Yeast Extract Market by Sub-type
- 7.2.5.3.3. Market size and forecast, by Form
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Application
- 7.3.3.1. Europe Pharmaceuticals Yeast Extract Market by Sub-type
- 7.3.3.2. Europe Biotechnology Yeast Extract Market by Sub-type
- 7.3.4. Market size and forecast, by Form
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. France
- 7.3.5.1.1. Market size and forecast, by Type
- 7.3.5.1.2. Market size and forecast, by Application
- 7.3.5.1.2.1. France Pharmaceuticals Yeast Extract Market by Sub-type
- 7.3.5.1.2.2. France Biotechnology Yeast Extract Market by Sub-type
- 7.3.5.1.3. Market size and forecast, by Form
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Type
- 7.3.5.2.2. Market size and forecast, by Application
- 7.3.5.2.2.1. Germany Pharmaceuticals Yeast Extract Market by Sub-type
- 7.3.5.2.2.2. Germany Biotechnology Yeast Extract Market by Sub-type
- 7.3.5.2.3. Market size and forecast, by Form
- 7.3.5.3. Italy
- 7.3.5.3.1. Market size and forecast, by Type
- 7.3.5.3.2. Market size and forecast, by Application
- 7.3.5.3.2.1. Italy Pharmaceuticals Yeast Extract Market by Sub-type
- 7.3.5.3.2.2. Italy Biotechnology Yeast Extract Market by Sub-type
- 7.3.5.3.3. Market size and forecast, by Form
- 7.3.5.4. Spain
- 7.3.5.4.1. Market size and forecast, by Type
- 7.3.5.4.2. Market size and forecast, by Application
- 7.3.5.4.2.1. Spain Pharmaceuticals Yeast Extract Market by Sub-type
- 7.3.5.4.2.2. Spain Biotechnology Yeast Extract Market by Sub-type
- 7.3.5.4.3. Market size and forecast, by Form
- 7.3.5.5. UK
- 7.3.5.5.1. Market size and forecast, by Type
- 7.3.5.5.2. Market size and forecast, by Application
- 7.3.5.5.2.1. UK Pharmaceuticals Yeast Extract Market by Sub-type
- 7.3.5.5.2.2. UK Biotechnology Yeast Extract Market by Sub-type
- 7.3.5.5.3. Market size and forecast, by Form
- 7.3.5.6. Russia
- 7.3.5.6.1. Market size and forecast, by Type
- 7.3.5.6.2. Market size and forecast, by Application
- 7.3.5.6.2.1. Russia Pharmaceuticals Yeast Extract Market by Sub-type
- 7.3.5.6.2.2. Russia Biotechnology Yeast Extract Market by Sub-type
- 7.3.5.6.3. Market size and forecast, by Form
- 7.3.5.7. Rest of Europe
- 7.3.5.7.1. Market size and forecast, by Type
- 7.3.5.7.2. Market size and forecast, by Application
- 7.3.5.7.2.1. Rest of Europe Pharmaceuticals Yeast Extract Market by Sub-type
- 7.3.5.7.2.2. Rest of Europe Biotechnology Yeast Extract Market by Sub-type
- 7.3.5.7.3. Market size and forecast, by Form
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Application
- 7.4.3.1. Asia-Pacific Pharmaceuticals Yeast Extract Market by Sub-type
- 7.4.3.2. Asia-Pacific Biotechnology Yeast Extract Market by Sub-type
- 7.4.4. Market size and forecast, by Form
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Type
- 7.4.5.1.2. Market size and forecast, by Application
- 7.4.5.1.2.1. China Pharmaceuticals Yeast Extract Market by Sub-type
- 7.4.5.1.2.2. China Biotechnology Yeast Extract Market by Sub-type
- 7.4.5.1.3. Market size and forecast, by Form
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Type
- 7.4.5.2.2. Market size and forecast, by Application
- 7.4.5.2.2.1. Japan Pharmaceuticals Yeast Extract Market by Sub-type
- 7.4.5.2.2.2. Japan Biotechnology Yeast Extract Market by Sub-type
- 7.4.5.2.3. Market size and forecast, by Form
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Type
- 7.4.5.3.2. Market size and forecast, by Application
- 7.4.5.3.2.1. India Pharmaceuticals Yeast Extract Market by Sub-type
- 7.4.5.3.2.2. India Biotechnology Yeast Extract Market by Sub-type
- 7.4.5.3.3. Market size and forecast, by Form
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Type
- 7.4.5.4.2. Market size and forecast, by Application
- 7.4.5.4.2.1. South Korea Pharmaceuticals Yeast Extract Market by Sub-type
- 7.4.5.4.2.2. South Korea Biotechnology Yeast Extract Market by Sub-type
- 7.4.5.4.3. Market size and forecast, by Form
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Type
- 7.4.5.5.2. Market size and forecast, by Application
- 7.4.5.5.2.1. Australia Pharmaceuticals Yeast Extract Market by Sub-type
- 7.4.5.5.2.2. Australia Biotechnology Yeast Extract Market by Sub-type
- 7.4.5.5.3. Market size and forecast, by Form
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Type
- 7.4.5.6.2. Market size and forecast, by Application
- 7.4.5.6.2.1. Rest of Asia-Pacific Pharmaceuticals Yeast Extract Market by Sub-type
- 7.4.5.6.2.2. Rest of Asia-Pacific Biotechnology Yeast Extract Market by Sub-type
- 7.4.5.6.3. Market size and forecast, by Form
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Application
- 7.5.3.1. LAMEA Pharmaceuticals Yeast Extract Market by Sub-type
- 7.5.3.2. LAMEA Biotechnology Yeast Extract Market by Sub-type
- 7.5.4. Market size and forecast, by Form
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Type
- 7.5.5.1.2. Market size and forecast, by Application
- 7.5.5.1.2.1. Brazil Pharmaceuticals Yeast Extract Market by Sub-type
- 7.5.5.1.2.2. Brazil Biotechnology Yeast Extract Market by Sub-type
- 7.5.5.1.3. Market size and forecast, by Form
- 7.5.5.2. South Africa,
- 7.5.5.2.1. Market size and forecast, by Type
- 7.5.5.2.2. Market size and forecast, by Application
- 7.5.5.2.2.1. South Africa, Pharmaceuticals Yeast Extract Market by Sub-type
- 7.5.5.2.2.2. South Africa, Biotechnology Yeast Extract Market by Sub-type
- 7.5.5.2.3. Market size and forecast, by Form
- 7.5.5.3. Saudi Arabia
- 7.5.5.3.1. Market size and forecast, by Type
- 7.5.5.3.2. Market size and forecast, by Application
- 7.5.5.3.2.1. Saudi Arabia Pharmaceuticals Yeast Extract Market by Sub-type
- 7.5.5.3.2.2. Saudi Arabia Biotechnology Yeast Extract Market by Sub-type
- 7.5.5.3.3. Market size and forecast, by Form
- 7.5.5.4. UAE
- 7.5.5.4.1. Market size and forecast, by Type
- 7.5.5.4.2. Market size and forecast, by Application
- 7.5.5.4.2.1. UAE Pharmaceuticals Yeast Extract Market by Sub-type
- 7.5.5.4.2.2. UAE Biotechnology Yeast Extract Market by Sub-type
- 7.5.5.4.3. Market size and forecast, by Form
- 7.5.5.5. Argentina
- 7.5.5.5.1. Market size and forecast, by Type
- 7.5.5.5.2. Market size and forecast, by Application
- 7.5.5.5.2.1. Argentina Pharmaceuticals Yeast Extract Market by Sub-type
- 7.5.5.5.2.2. Argentina Biotechnology Yeast Extract Market by Sub-type
- 7.5.5.5.3. Market size and forecast, by Form
- 7.5.5.6. Rest of LAMEA
- 7.5.5.6.1. Market size and forecast, by Type
- 7.5.5.6.2. Market size and forecast, by Application
- 7.5.5.6.2.1. Rest of LAMEA Pharmaceuticals Yeast Extract Market by Sub-type
- 7.5.5.6.2.2. Rest of LAMEA Biotechnology Yeast Extract Market by Sub-type
- 7.5.5.6.3. Market size and forecast, by Form
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2023
CHAPTER 9: COMPANY PROFILES
- 9.1. LESAFFRE GROUP
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Key strategic moves and developments
- 9.2. Kerry Group
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Lallemand Inc.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.4. AngelYeast Co., Ltd.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Key strategic moves and developments
- 9.5. Associated British Foods PLC
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.6. Thermo Fisher Scientific Inc.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. VWR International, LLC.
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. Merck KGaA
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. CELLSECO LTD.
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. FUJIFILM Irvine Scientific
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.11. Nu-Tek BioSciences
- 9.11.1. Company overview
- 9.11.2. Key executives
- 9.11.3. Company snapshot
- 9.11.4. Operating business segments
- 9.11.5. Product portfolio
